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bixtya [17]
2 years ago
11

Alpha ended 2019 with a balance of $20 million in their salaries payable account. If their salary expense in 2019 was $90 millio

n, what was their ending balance for salaries payable on December 31, 2018
Business
1 answer:
Svetradugi [14.3K]2 years ago
5 0

Based on the ending balance on salaries payable in 2019, and the salaries expense, the salaries payable at December 2018 must have been $30 MILLION.

<h3>What was the Salaries payable balance?</h3>

This can be found by the formula:

= Ending salaries in 2019 - Salaries expense in 2019 + Salaries paid in 2019

Solving gives:

= 20 million  - 90 million  + 100 million

= $30 million

In conclusion, the ending salaries payable in 2018  was $30 million.

Find out more on Salaries payable at brainly.com/question/24074240.

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Over the next three years, Distant Groves wl pay annual dividends of $.65, S.70, and $.75 a share, respectively. After that, div
hichkok12 [17]

Answer:

c) $5.68

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Year 1 dividend=$.65

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5 0
3 years ago
Haskins Company employs material handling employees who move materials between production divisions at a labor cost of $360,000
Marianna [84]

Answer:

correct option is a. $36,000

Explanation:

given data

labor cost = $360,000

move material per year = 600,000 pounds

to find out

material handling cost

solution

we find here first Labor Cost per pound of material that is express as

Labor Cost per pound of material = Labor Cost ÷ Number of Pounds of material   .......................1

Labor Cost per pound of material =  \frac{360000}{600000}

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so we can say that 60000 pounds are moved in March so cost will be

60000 pounds are move cost = 60000 × $0.6

60000 pounds are move cost = $36000

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7 0
3 years ago
Molly Madison received "The Employee of the Month" Award at Internal Workings Remodeling Service in April. Molly would be consid
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3 years ago
A coupon bond that pays interest semiannually has a par value of $1,000, matures in 8 years, and has a yield to maturity of 6%.
vitfil [10]

Answer:

b. 1,062.81

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