Option D
Benefits plans that combine sick leave, vacation time, and holidays into a total number of days employees may take off with pay are called Paid time off plans
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Explanation:</u></h3>
Paid Time Off (PTO) plans are a dilemma to regular paid leave systems that combine versatile kinds of leave (paid vacation, sick, and personal days) into an individual plan. A PTO plan offers your company extra engaging to proposed workers by expanding the number of days they can drive off from work and however accept paid if they are usually in normal health.
Since most workers will never use whole their sick days, they can earn the contrast as additional vacation time. There is no charge to the company and workers are more satisfied.
Answer:
add $36 to the book's balance.
Explanation:
Since in the question it is given that the check amount is $648 which is to be paid by the bank is recorded incorrectly in the company books for $684
So the difference of $36 would be added to the company book balance and no adjustment would be made in the bank balance
This addition would balance the both book balance and the bank balance.
Answer:
Net Profit = (0.61-0.58) - 0.02
= 0.01
Explanation:
Answer:
A. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Petty cash, $268.
Explanation:
$80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses are all expense accounts which need to be debited for settlement. Cash Shortage account is debited by $8 to record the cash shortage effect. The total of all these account will be credited in cash account.
Answer:
S corporation
Explanation:
In the given case, The eagle basis at the closing of the year is 70,000 i.e. $40,000 + $30,000 (50% of $60,000)
In the case when the entity was a general partnership so 50% of $10,000 i.e. $5,000 would be added to the basis of Eagle
So here the type of entity that was formed is S corporation
The same is relevant
