Answer:
D. Credit to Salaries Payable for $8,100.
Explanation:
As we know Accrued expenses are those incurred but not yet recorded in the books. Accrued expenses are represented as a liability in the balance sheet.
So we have the year-end adjusting entry as following:
Account Debit Credit
Salaries Expense $8,100
Salaries Payable $8,100
Answer: Continue flying until the lease expires and then drop the run.
Explanation: From the info given, it can be seen that Cold Duck Airlines is not generating a profit from this airline. Cold Duck's total costs per flight is $1150 (550 + 600). However Cold Duck only makes $1000 in revenue per flight. This means that this flight is performing at a loss. In order for Cold Duck to maximise their profit they need to consider removing this flight altogether, especially because it was indicated that all prices and costs are expected to continue at the present level. However to avoid any penalties from the lease if they were to cancel it, they should rather continue flying this flight up until the lease expires, then cancel the lease and remove this flight altogether.
the answer is: it helps prevent people from keeping their cash out circulation
After collecting the money from the saver, Banks will provide loans to other business who needs a capital injection and put an interest rates from the total loan. This is the main way Banks obtain their profit.
This means that <em>The more cash kept out of circulation , the more profit the Banks can potentially get.</em>
Because of this, they offers various incentives for the saver to kept their money in the banks rather than using it somewhere else through interest, deposit insurance, maximum withdrawal, etc)