Vega Company expects to pay a 4% bonus on net income after deducting the bonus. Assume the company reports net income of $ 130, 000 before the calculation of the bonus. The journal entry to record the accrued bonus includes
A. a debit to Employee Bonus Payable, $ 5, 000.
B. a debit to Employee Bonus Expense, $ 5, 200.
C. a credit to Employee Bonus Payable, $ 5, 000.
D. a credit to Cash, $ 5, 200
Answer: C. a credit to Employee Bonus Payable, $ 5, 000.
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Jupiter, Inc. incurred fixed costs of $300,000. Total costs, both fixed and variable, are $500,000 when 59,000 units are produced. It sold 35,000 units during the year. Calculate the variable cost per unit. (Round your answer to the nearest cent.)
A) $8.47 B) $14.29 C) $5.08 D) $3.39
A computer manufacturing company allows customers to shop in their preferred way. For example, they can gather information online or in the store; they can place orders online or by phone or purchase in a store
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