Business, 02.09.2021 21:50 completed7
. The Cool Co. offers vacation time to its employees. As of Dec. 31, 2016 there were 700 weeks of vacation that had not been used. At that time, the average weekly payroll per employee was $900. During 2017, when those 700 weeks of vacation were taken (all in 2017). Also, The Cool Co. employees earned/paid $31 million in wages for 2017 (including vacations earned and taken in 2017). Please prepare journal entry (entries) (if needed) for the unused vacations as of 12/31/2016. Also, prepare an entry for the wages of 2017 as well as vacations earned in 2016 but taken in 2017.
Answers: 1
Business, 22.06.2019 10:20
Blue spruce corp. has the following transactions during august of the current year. aug. 1 issues shares of common stock to investors in exchange for $10,170. 4 pays insurance in advance for 3 months, $1,720. 16 receives $710 from clients for services rendered. 27 pays the secretary $740 salary. indicate the basic analysis and the debit-credit analysis.
Answers: 1
Business, 22.06.2019 12:40
Evan company reports net income of $232,000 each year and declares an annual cash dividend of $100,000. the company holds net assets of $2,130,000 on january 1, 2017. on that date, shalina purchases 40 percent of evan's outstanding common stock for $1,066,000, which gives it the ability to significantly influence evan. at the purchase date, the excess of shalina’s cost over its proportionate share of evan’s book value was assigned to goodwill. on december 31, 2019, what is the investment in evan company balance (equity method) in shalina’s financial records?
Answers: 2
Business, 22.06.2019 21:20
In a market economy, supply and demand are important because theya. (i) play a critical role in the allocation of the economy's scarce resources.b. (ii) determine how much of each good gets produced.c. (iii) can be used to predict the impact on the economy of various events and policies.d. all of (i), (ii), and (iii) are correct.
Answers: 3
Business, 22.06.2019 23:00
The five steps to financial success a. five money myths b. five foundations
Answers: 1
. The Cool Co. offers vacation time to its employees. As of Dec. 31, 2016 there were 700 weeks of va...
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