Answer:
The journal entry to record the monthly payroll on April 30 would include a credit to Salaries Payable for $8,150. The right answer is d.
Explanation:
In order to prepare The journal entry to record the monthly payroll on April 30 we would have to calculate the Salaries Payable as follows:
Salaries Payable=Salaries-FICA taxes withheld+Income taxes withheld+Medical insurance deductions
Salaries Payable=$12,000-$900+$2,500+$450
Salaries Payable=$8,150
Therefore, journal entry to record the monthly payroll on April 30 would be as follows:
Debit Credit
Salaries $12,000
FICA withheld $900
Income taxes withheld $2,500
Medical insurance deductions $450
salaries payable $8,150
So, The journal entry to record the monthly payroll on April 30 would include a credit to Salaries Payable for $8,150
Answer:
B) $30,500
Explanation:
Calculation for Kapanga's work in process inventory balance at the end of October
First step is to calculate the Variable Overheads
Variable Overheads = 150% × $5,000
Variable Overheads = $75,000
Now let calculate work in process inventory balance using this formula
Work in process inventory balance = Direct Material + Direct Labor + Variable Overheads
Let plug in the formula
Work in process inventory balance= $ 18,000 + $ 5,000 + $ 7,500 = $ 30,5000
Work in process inventory balance= $30,500
Therefore Kapanga's work in process inventory balance at the end of October will be $30,500
<span>john's choices as the unit owner are the modification cannot be refused; the tenant can pay and should restore to original condition upon move out. As he is giving rent for that house and for his special case this can't refused. but a condition can be added like while returning the house should be provided at the original condition. This type of renovation can be done by the tenant or done by owner and charged to tenant. As it is for the tenant convenience only permission can be given by the owner and cost incurred should be beared by the tenant.</span>
Answer:
$19,200
Explanation:
Given
Cost of equipment = $72,000 Date of purchase = January 1, 2021.
Useful period = 5 years
Residual value = $6,000
Annual depreciation using straight line method
= ($72,000 - $6,000)/5
= $66,000/5
= $13,200
Annual depreciation using the double declining method
= $13,200 * 2
= $26,400
By December 31, 2022, 2 years depreciation would have been computed on the asset, hence
Book value at December 31, 2022 = $72,000 - 2($26,400)
= $72,000 - $52,800
= $19,200
Answer:
False
Explanation:
A lagged effect in marketing can be defined as the delay that comes from an effort put into marketing a product.
In marketing, efforts put into an advertisement can yield a greater result even after the lag period. This means that a product might need more than one advertisement and the combined effects of the advertisements will be seen overtime if not immediately.
In the above question, Joel still went on to get a Ford fusion after seeing the Toyota advert which means that something from his research must have influenced his decision. Either price, quality, or any other factors must have been responsible for Joel's choice but it is definitely not the lagged effect.
Cheers.
