Answer:
Debit Salary Expense $16,890
Credit Salary Payable $16,800
Explanation:
Accrued expenses are recognised at the end of an accounting period in obedience to the accrual method. All revenues and expenses are to be recognised when they are earned or incurred. The salaries that had accrued at the end of June will have to be recognised by debiting Salary Expense.
The next salary of $24,000 will be paid on July 3. The normal period for payment is 7 days. Days till pay is 7+3 days from July= 10days
$24,000 is payable in 10 days
$ x (accrued wages) will be payable in 7 days
Cross-multiply
$ x= 24,000*(7/10)
$ x= $16,800
Answer:
Explanation:
First, find the Pretax cost of debt i.e the YTM.
You can compute this using a financial calculator with the following inputs;
FV = 1,000
N= 10
PMT = 0.11*1000 = 110
PV = -1,278.41
then CPT I/Y = 7.03%
Therefore, the pretax cost of debt = 7.03%
Next, find after-tax cost of debt
After-tax cost of debt = pretax cost of debt (1-tax)
= 7.03% (1-0.25)
= 5.27%
Maybe sales management, as that has to do with percentages and numbers for taking off prices. he can easily find the best/cheapest sales out of a selection by his analyzation and number skills
Though markets can provide goods that are excludable but nonrival, they do so at the price of <u>inefficiency </u>
Explanation:
An excludable but non-rival product is also known as 'club goods'
Unlike public goods which are accessible to everyone and have no rivals, club goods are not accessible to everyone, only to those who can pay for them. At the same time, they have no rivals in the market.
This is a clear indication of an inefficient economy because such a product means there is a monopoly operating in the market.
An example of this can be a cable operator in an area. It dominates the market and has no rivals or competitors but its service is only accessible to people who can pay for it. However, in the same area, a Free Public television channel is the opposite, having no rivals but also being accessible.
To learn more about excludable but non-rival goods Click here: brainly.com/question/25498461
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Answer:
Mixed economics place some limits for safety and society.
Some traits most mixed economies have in common:
-they generally protect private property
-they generally allow for demand and supply determine price
-the economy is usually driven by private self-interest and incentives.