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Tema [17]
3 years ago
14

Multiple Choice Question 143 A company shows a balance in Salaries and Wages Payable of $37900 at the end of the month. The next

payroll amounting to $47800 is to be paid in the following month. What will be the journal entry to record the payment of salaries?
Business
1 answer:
neonofarm [45]3 years ago
7 0

Answer: The answer is: Debit Salary and wages expense $9,900, Debit Salaries and wages payable $37,900, Credit Cash $47,800

Explanation: Since the company has $37,900 sitting in salaries and wages payable account at the end of the month and the payroll revealed that actual amount to be paid is $47,800, this means the company has a shortfall of $9,900 from the salaries and wages payable account. Therefore, this amount that was not accrued for would impact salary and wages expense by $9,900.

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NemiM [27]

The answer is going to be negative

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3 years ago
Lisa's opportunity cost rate is 10 percent compounded annually. how much must she deposit in an account today if she wants to re
Aleks04 [339]

Answer:

The answer would be, $21,760

Explanation:

The formula to be used is  that of calculating the present value (PV) of the payment in the ordinary annuity (PMT). PMT are done annually, semi-annually, quarterly or monthly.

PV = PMT * ((1-(1/ (1+r) n))/r)

Where PV is the present value; PMT is the payment in an ordinary annuity; r is the opportunity cost rate; n is the number of years  

in this case, PV= 3,200; r=10%, and n=12

To get PV, substitute the values given above and compute as shown below:

PV  = 3,200*((1-(1/(1+0.10)12))/0.10)

PV= $21,760

With an opportunity cost of 10% compounded annually, Lisa will have to deposit $21,760 today if she wants to be receiving $3,200 at the end of each year for the next 12 years.

5 0
3 years ago
A __________ is a group of products that are closely related because they satisfy a class of needs, are used together, are sold
konstantin123 [22]

Answer: product line

<span>A group of products which are closely related,  under a single brand which satisfies same needs, are used together and are sold to the same group of customers, distributed through the same company is called product line.  </span>

4 0
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Clearly establishing property rights for water ownership would result in which of the following? Choose one or more: A. incentiv
Tems11 [23]

Answer:

The options chosen are:

B. the tragedy of the commons;

C. incentive to conserve the property;

E. incentive to protect the property.

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<em>C. incentive to conserve the property:</em> In addition, clearly defining and assigning property rights should resolve environmental problems by internalising externalities and relying on incentives for private owners to conserve resources for the future.

<em>E.</em> The Incentive to protect the property -<em> </em><em>The incentives associated with private property rights can help conserve scarce resources: Private ownership entails penalties for premature harvesting or over-harvesting of resources. Private ownership rewards community and individual cooperation. Private ownership rewards conservation and stewardship behaviour.</em>

<em />

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3 years ago
Which of the following phrases is an example of structural que ?
Inessa05 [86]

Answer:

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