Answer:
Accounts
Wages Expense
Wages Payable
$100,000
$100,000
Explanation:
As the expense is accrued but not paid at the end of 2013. The transaction requires an adjusting entry. This will charge a wages expense and create the wages payable liability. Ultimately on January 3 it will be paid. Wages for the two weeks are $100,000 and the 14 days has been passed for the pay period until year end of 2013.
The planning section supports the incident action planning process by tracking resources, collecting/analyzing information, and maintaining documentation.
Incident Command:
Sets the incident objectives, strategies, and priorities, and has overall responsibility for the incident.
Intelligence/Investigations Function→ ensures that all intelligence/investigations operations and activities are properly managed, coordinated and directed.
Incident Command conducts operations to reach the incident objectives. Establishes tactics and directs all operational resources.
Finance/Administration Section→
Chief manages costs related to the incident, and provides accounting, procurement, time recording, and cost analyses.
Logistics : arranges for resources and needed services to support the achievement of the incident objectives.
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Answer:
Financial Assets / International Value of Dollar both decrease
Explanation:
Open market operations are carried out by the government to control supply of money in the economy.
When there is to be a reduction in money supply a government can sell bonds thereby mopping up the cash in the economy.
On the other hand when they want to increase money supply bonds are bought and cash injected into the economy.
In the given scenario the Federal Reserve buys bonds on the open market. This will cause a decrease in purchase of financial assets by foreigners because bonds are no longer available. They have been purchased by the government.
Buying of bonds by the Fed will also increase money supply. There will be excess supply over demand.
This will tend to reduce the value of the dollar.
Answer:
B) $3271.
Explanation:
Since Sheridan Company uses the effective interest method to account for Scott Company bonds, and it purchased them on discount, it must increase its debt investments by:
(market price x effective interest) - (face value x coupon rate) =
($1,650,375 x .055) - ($1,750,000 x .05) = $3,270.63 ≈ $3,271
since the bonds pay a semiannual coupon, the yearly interest rates must be divided by 2.