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I believe it is C, hope this helps!!
Hi there!
Answer:
D. credit Wages Payable for $2,880.
Explanation:
-First we calculate the cost per employee per day
$15 per hour * 8 hours/day = $120 per day per employee
-Then we calculate the daily cost in wages
8 employees x $120 = $960 per day
-Then we <em>accrue</em> wages until the end of the month (Monday, Tuesday and Wednesday)
Daily cost $960
Days worked till the month ends 3
Accrued expense $2,880
<em><u>Journal entry:
</u></em>
Debit Credit
Wages expense $2,880
Wages Payable $2,880
Answer:
119 customers per day
Explanation:
The computation of the needed capacity requirement is shown below:
But before that first we have to determine the utilization rate which is
As we know that
Cushion rate = 100% - average utilization rate
25% = 100% - average utilization rate
So, the average utilization rate is 75%
Now the needed capacity requirement is
Utilization rate = Average output rate ÷ Maximum capacity × 100
75% = 89 ÷ Maximum capacity × 100
So, the maximum capacity is 119 customers per day
Answer:
A). The sum of the credits will equal the sum of the debits.
Explanation:
journal entry journal entry can be regarded as record of the business transactions which is made in a accountingbooks of a business.
journal entry that is documented properly will contains correct date as well as amounts to be debited and description of the transaction, it contain amount to be credited as well as a unique reference number.Note that "There is equal amount of credit as well as debit in a journal entry"
Trial balance can be regarded as report that give lists of balances of all general ledger accounts in a firm at a particular point in time, there is compilation of all ledger balance into debit as well as credit account column totals. As rule in trial balance, the total of the debit balances as well as credit balances that is been extracted from the ledger must tally with each other.
