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Alina [70]
3 years ago
11

Sales of services, $100,000, of which $30,000 was on credit.collected on accounts receivable, $27,300.issued shares of common st

ock in exchange for $10,000 in cash.paid salaries, $50,000 (of which $9,000 was for salaries payable).paid miscellaneous expenses, $24,000.purchased equipment for $15,000 in cash.paid $2,500 in cash dividends to shareholders.record the adjusting journal entry for accrued salaries at year-end that amounted to $1,000.
Business
1 answer:
aalyn [17]3 years ago
5 0

The adjusting journal entry for accrued salaries at year-end:


To record the accrued salaries at year-end, Salaries Expense account is debited and Salaries Payable account is credited with the amount of accrued salaries. The adjusting journal entry for accrued salaries at year-end that amounted to $1,000 shall be as follows:


Salaries Expense Debit   $1,000

Salaries Payable Credit                  $1,000



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One problem with government operation of monopolies is that?
Nataly [62]

One problem with government operation of monopolies is that the government typically has little incentive to reduce costs.

<h3>What is a monopoly?</h3>

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.

An example of a monopoly is a utility company

Here is the complete question:

One problem with government operation of monopolies is that a. a benevolent government is likely to be interested in generating profits for political gain. b. the government typically has little incentive to reduce costs. C. a government-regulated outcome will increase the profitability of the monopoly. d. monopolies typically have rising average costs.

To learn more about monopolies, please check: brainly.com/question/10441375

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6 0
2 years ago
UPS, a delivery services company, has a beta of 1.1, and Wal-Mart has a beta of 0.7. The risk-free rate of interest is 4% and th
Brrunno [24]

Answer:

7.78%

Explanation:

Calculation for the expected return on a portfolio

First step is to calculate the portfolio beta

Portfolio beta=30%*1.1+30%*0.7=1.15

Portfolio beta=0.33+0.21

Portfolio beta=0.54

Now let calculate the expected return using this formula

Expected return=rf+(Portfolio beta*mrp)

Let plug in the formula

Expected return=4%+(0.54*7%)

Expected return=7.78%

Therefore the expected return on a portfolio is 7.78%

7 0
3 years ago
Josh is convinced that subgroups exist within his company’s current customer base. Further, he believes that these different gro
Radda [10]

Answer:

The options are given below:

A. clustering

B. segmenting

C. positioning

D. customer lifetime value

the correct option is A.

Explanation:

Clustering, or cluster analysis, is a process which refers to the organization of objects or items into groups who have members with similar traits with respect to a particular criterion. In other words, a cluster refers to a collection of similar objects which are different from the objects of other clusters.

In the scenario presented above, we can see that different groups of customers exist, who have different reasons for purchasing the company's brand. These reasons are different from one group to another group, this is why a cluster analysis is the best option.

7 0
3 years ago
Which of the following lists only the factors that would cause a decrease in the supply of an item? A. A fall in input prices; a
Brut [27]

Answer: d) a rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production.

Explanation:

Supply simply has to do with the amount of goods that a particular producer is willing to sell to economic agents at a particular price and at a given time.

It should be noted that rise in input prices; a decrease in the number of sellers in the market; a rise in the price of a substitute in production would cause a reduction in supply of goods and services.

This is because when the number of sellers reduce, the supply will also reduce as there are lesser people supplying the goods. Also, when the prices of input increases, it affects cost and supply reduces.

Therefore, the correct option is D.

5 0
3 years ago
Athletes who train at high altitudes increase their red blood cell count and thus increase their oxygen supply during exercise.
kkurt [141]
<span>Athletes who train at high altitudes increase their red blood cell count and thus increase their oxygen supply during exercise. Increased oxygen supply results in more amount of oxygen laden blood supply to the muscles of the body.</span>
3 0
3 years ago
Read 2 more answers
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