1 July, Gentlemen's Barbershop invested 50,000 on cash as an initial capital.
What are the (2) elements to be used in recording debit and credit?
a.Investment and Capital
b.Cash and Capital
c.Inventory and Cpaital
7 July, Gentlemen's Barbershop orders 7 units of extra stronghold wax for use by its hairdressers in its manila branch. The supplier bills Gentlemen's Barbershop at Php90 per unit on account.
How much is the account payable on credit?
a.450
b.540
c.630
d.700
10, July. Francis, a hair expert, joined Gentlemen's Barbershop. He has been paid a signing bonus of 23.75% of his monthly compensation of php25,000.
How much is the amount paid to Francis?
a.5,397.5
b.5,739.5
c.5, 937.5
d.5,973.5
plss pa po help
What are the (2) elements to be used in recording debit and credit?
a.Investment and Capital
b.Cash and Capital
c.Inventory and Cpaital
7 July, Gentlemen's Barbershop orders 7 units of extra stronghold wax for use by its hairdressers in its manila branch. The supplier bills Gentlemen's Barbershop at Php90 per unit on account.
How much is the account payable on credit?
a.450
b.540
c.630
d.700
10, July. Francis, a hair expert, joined Gentlemen's Barbershop. He has been paid a signing bonus of 23.75% of his monthly compensation of php25,000.
How much is the amount paid to Francis?
a.5,397.5
b.5,739.5
c.5, 937.5
d.5,973.5
plss pa po help
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d.5973.5 promises mwamwmamwmam
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1.B2.B
3. C
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units of extra stronghold wax for Php90 per unit on account. This means that the supplier will bill the barbershop for the purchase later. To determine the account payable on credit, we need to multiply the number of units purchased
(7) by the cost per unit (Php90).
The correct answer is c.
23.75% of his monthly compensation of Php25,000 upon joining Gentlemen's
Barbershop. To calculate the amount of the bonus, we multiply his monthly salary by the percentage.
So, Php25,000 × 23.75% = Php5,937.5.
This means the amount paid to Francis was Php5,937.5. Therefore, the correct answer to this question is c.