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nata0808 [166]
2 years ago
13

Timmy is a friend who came by your store after hours to have a beverage and play video games. When Timmy got up to use the restr

oom in the back of the store, he tripped over a raised piece of floor, causing him to fall and break his nose. You found out about the raised piece of floor yesterday, but you did not fix it because the restroom is for employees only. You owe Timmy:
Business
1 answer:
jeyben [28]2 years ago
4 0

Answer:

I owe him slip or trip compensation

Explanation:

The reason is that its shop owners responsibility to apply adequate duty of care so that other person don't get affected by the negligence of the shop owner. This negligence has resulted in breaking the nose of Timmy. Hence the shop owner owes Timmy slip or trip compensation and that he must repair that floor under the requirement of OSHA standards. The court may fine the shop owner for not having appropriate health and safety measures for the employees.

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The adjusted trial balance for Yondel Company at December 31, 2018 is presented below: Accounts Debit Credit Cash $ 8,000 Prepai
e-lub [12.9K]

Answer:

Explanation:

Cash                        =8000

Prepaid rent           = 23,000

Land                       = 445000

Accounts payable                              = 12,000

Salaries payable                                  = 20,000

Retained earnings                              = 109,000

Dividends                    = 14,000

Service revenue                                   = 340,000

Salaries expenses      = 160,0000

Rent expenses             = 29,000

Utilities expenses         = 32,000

Net income = Service revenue - Salaries-Rent-Utilities-

=340,000-160,000-29,000-32,000 = 119,000

                                       

                                                       Journal

1.     Debit  Service revenue   - 340,000

      Credit income summary -                  340,000

2,    Debit Income summary -    221,000

      Credit Salaries expenses                              160,000

      Credit Rent expenses                                     29,000

      Credit Utilities expenses                                 32,000

3     Debit Income summary          119,000

      Credit retained earnings                                  119,000

4     Debit retained earnings          14,000

      Credit retained earnings                                   14,000

7 0
2 years ago
Which of the following statements is FALSE? a. Cause-and-Effect forecasting assumes that one or more factors are related to dema
Oduvanchick [21]

Answer:

It is generally not recommended to use a combination of both quantitative and qualitative methods.

Explanation:

For business success it is important to use a combination of qualitative and quantitative methods.

Quantitative methods involves getting insight from data by using formulas, models and other mathematical methods to draw conclusions. Facts and logic is used to make business decisions.

Qualitative methods involve insights that is not based on mathematical methods, for example finding out what motivates consumer spending. It uses tools such as surveys and interviews.

7 0
2 years ago
The unemployment rate in an economy is 6 percent. The total population of the economy is 290 million, and the size of the civili
Tema [17]

Answer:

2. 9 million

Explanation:

We know that

Unemployment rate = Number of unemployed workers ÷ Civilian labor force

6% = Number of unemployed workers ÷ 150 million

So, the number of unemployed workers would be

= 150 million × 6%

= 9 million

We simply applied the unemployed rate so that the number of unemployed workers could come

All other information given is of no significance. So, ignored it

7 0
2 years ago
In its proposed 2022 income statement, Hrabik Corporation reports income before income taxes $500,000, income taxes $100,000 (no
DaniilM [7]

Answer:

Explanation:

Statement of Comprehensive Income :

                                                                                    $                   $

Income from continuing operation before tax     500,000

Income Tax                                                           <u> (100,000)</u>

After Tax Income from Continuing operation                            400,000

Loss from discontinuing operation                       (60,000)

Gain on disposal of discontinuing operation       <u> 40,000</u>

loss  on discontinuing operation b/4 tax              (20,000)

income tax  benefit @ 20%                                     <u>4,000</u>

After tax gain on discontinuing operation                                 (<u>16,000) </u>

Net Income                                                                                   384,000

Unrealized loss on available-for -sale securities                      <u> (150,000)</u>

Other Comprehensive Income                                                    <u>234,000</u>                                

8 0
2 years ago
Theresa​ Corporation, which manufactures​ baskets, is developing direct labor standards. The basic direct labor rate is​ $21.00
wel

Answer:

Standard rate per direct labor hour is $27.1

Explanation:

Standard rate per direct labor hour includes the hourly pay rate, Payroll taxes and fringe benefits. For Theresa Corporation,

We have given that

Basic direct labor rate is $21.00 per hour

Payroll Taxes is 10% of basic direct labor rate i.e. 10% of $21.00 = $2.10 per hour

Fringe Benefits is $4.00 per hour.

So Standard rate per direct labor hour = $21.00 + $2.10 + $4.00 = $27.1

4 0
2 years ago
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