. The Cool Co. offers vacation time to its employees. As of Dec. 31, 2016 there were 700 weeks of vacation that had not been used. At that time, the average weekly payroll per employee was $900. During 2017, when those 700 weeks of vacation were taken (all in 2017). Also, The Cool Co. employees earned/paid $31 million in wages for 2017 (including vacations earned and taken in 2017). Please prepare journal entry (entries) (if needed) for the unused vacations as of 12/31/2016. Also, prepare an entry for the wages of 2017 as well as vacations earned in 2016 but taken in 2017.

while setting up his new office, an attorney ordered thick, frieze carpets for the floor. however, the building inspector had him remove the expensive carpeting. the building inspector stated that according to federal regulations, the office must be wheelchair accessible as it is a public area. he further explained that since wheelchairs do not maneuver well in thick, frieze carpeting, the carpets had to be removed and be replaced with smooth-textured carpets that do not restrict wheelchair maneuverability. this scenario illustrates how a company is influenced by the component of its specific environment.

Wren pork company uses the value basis of allocating joint costs in its production of pork products. relevant information for the current period follows: product pounds price/lb. loin chops 3,000 $ 5.00 ground 10,000 2.00 ribs 4,000 4.75 bacon 6,000 3.50 the total joint cost for the current period was $43,000. how much of this cost should wren pork allocate to loin chops?

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?