Answer:
The entry to record Dividend Paid will be;
Retained Earnings (Dr.) $5,700
Cash (Cr.) $5,700
Explanation:
When the Castillo Services declares dividend it should record journal entry as
Retained Earnings (Dr.) $5,700
Dividend Payable (Cr.) $5,700
And when the Dividend is paid to its sole shareholder K. Castillo, the journal entry will be
Dividend Payable (Dr.) $5,700
Cash (Cr.) $5,700
To now close the Dividend account at the end of the year it should record the adjusting entry as,
Retained Earnings (Dr.) $5,700
Cash (Cr.) $5,700
Answer:
overhead cost = $600
Explanation:
given data
overhead rate = $120 per labor hour
time required = 5 hours
to find out
overhead cost
solution
we get here overhead cost that is express as
overhead cost = overhead rate × time required ..............1
put here value and we get
overhead cost = $120 × 5
overhead cost = $600
Answer:
The total medical expenses deductible before the 10% limitation is 2090
Explanation:
Solution
Recall that:
The Total expenses included is stated as follows:
Th Hotel room is = $150 * two rooms * three nights
Mileage of = $900,
Miles = 1000
Doctor's bill ins an Francisco = 1,600
Now,
To next step is to find the total medical expenses deductible before the 10% limitation is given as follows:
Doctor's bill = 1,600
The total expenses i hotel room is calculated as :150 * 1 *3 = 450
So,
The total = 1600 + 450 = 2050
It is also important to know that only 10% of the expense stay for the accompanied person is permitted
Therefore,
450*10% =45
Total 2050+45 = 2090
Answer: B. Deposit into Killian's account, then figure out his commission, deduct that number to arrive at the final amount (due to the principal) and then write a check to the principal for the monies due to him, within 3 business days.
Explanation: A broker is a person or organisation who acts in the place of a principal to transact business with a potential customer. a broker is responsible to his or her principal which means he or she or even if its an organisation receives instructions on how to dispose off certain item.
In an agent/broker and a principal relationship, the principal is the owner of the sum of money paid,hence Killian does have to pay into his account and figure his commission by himself, it is to be done by the principal who will eventually pay for the agreed commission to Killian the agent.
Answer:
<u>The answer is 10.5 minutes</u>
Explanation:
The normal time for this process = (10*105%) =10.5 minutes
