The journal entry to be made to accrue wages expense at September
30 would be:
(Computation for the accrued salaries: 35,000/5 = 7,000 x 3
= 21,000)
Debit
Salaries and Wages Expense 21,000
Credit
Salaries and Wages Payable 21,000
At the next payday which is October 2, the entry would be:
Debit
Salaries and Wages Payable 21,000
Salaries and Wages Expense 14,000
Credit
Cash 35,000
Answer:
The annual payments are= $10586.40
Explanation:
Giving the following information:
By the end of this year, you would be 35 years old and you want to plan for your retirement.
You wish to retire at the age of 65 and you expect to live 20 years more.
You wish to have an annual sum of $50,000.
A conservative bond fund has been returning 7% annually.
First, we need to calculate the amount of money needed at 65 years old.
50000*20= $1,000,000
So, we know the final value= 1,000,000; n=30 and the interest rate i=0.07
We need to find the annual payments required to achieve the final value, using the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
Isolating A:
A= (FV*i)/[(1+i)^n-1]
A= (1000000*0.07)/[(1.07^30)-1]
A=$10586.40
Answer:
$17,910
Explanation:
With regards to the above, we would calculate the company's up to date ending cash balance as;
Up to date ending cash balance = Ending cash balance per books + Interest received from bank - NSF check
Up to date ending cash balance = $18,000 + $170 - $260
Up to date ending cash balance = $17,910
*Please note that outstanding checks and deposits in transit are used mainly to reconcile bank statements and not cash or book balance.
Answer:
The correct answer is letter "A": efficiency and quality.
Explanation:
Efficiency and quality were the main focuses to drive companies to the maximization of productivity during the 20th century. This movement was spread among the U.S. and Britain based on the idea that all organizations' efforts should be driven to eliminate corporate waste and inefficiency.
One of the most recognized characters of this idea was American economist Frederick Winslow Taylor (1856-1915) father of "<em>Scientific Management</em>" who looked for increasing productivity by increasing employee prosperity.
Jake has a comparative advantage in the production of corn.
<h3>Who has a comparative advantage?</h3>
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. Opportunity good is the number of goods that have to be given up in order to produce a good.
Opportunity cost for:
Jake : 20 / 80 = 0.25
Jane: 40 / 40 = 1
Jake has a lower opportunity cost. He has a comparative advantage in the production of corn
Please find attached the table used in answering this question. To learn more about comparative advantage, please check: brainly.com/question/25139916
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