The cumulative budgeted cost at the end of week 6 is $100,000. The answer in this question whose are amounts are in thousand of dollars is $100,000. So, the cumulative budgeted cost at the end of the week 6 is $100,000.Cumulative budgeted cost or acronym of CBC is the amount that is budgeted in order to accomplish the work that was scheduled.
Answer:
$54,400
Explanation:
The balance in the refund liability account would be calculated as;
Ending balance of sales return allowance = Opening balance of allowance + Expected sales return - Actual sales return
Given that;
Opening balance = $33,400
Expected return = $740,000 × 7% = $51,800
Actual return = $30,800
Therefore,
Ending balance of sales returns = $33,400 +$51,800 - $30,800 = $54,400
The balance in the refund liability account at the end of 2021 is $54,400
Answer:
B. Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500
Explanation:
Lets consider all the other options to eliminate them from our choice
Option A: The entry provided debits the vacation benefits expenses and credits the prepaid vacation benefits. The liability for the vacation credit earned by the employees during the month needs to be recorded so this is not an adjustment of an advance vacation benefit.
Option C: The required entry has nothing to do with taxes so not relevant.
Option D: The entry is to record the liability for vacations earned by the employees so an expenses has to be recorded.
Option E: The option reduces the liability and reduces the expenses which is against the requirement of the question
Answer: social requirements
Explanation: In simple words, social requirements refers to the steps and precautions that a firm should take for operating their business efficiently in an environment.
The Indian community consist of a large number of vegetarians having religious sentiments that do not allow them to eat non veg. Thus, it is necessary for the firm to properly communicate them the presence of animal based ingredients in the product.
