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3 years ago

intext:"The adjusting entry at the end of an accounting period to record the unpaid salaries of employees for work provided is"

Business

1 answer:

Minchanka [31]3 years ago

3 0

Answer:

A debit to Salaries Expense and a credit to the Salaries Payable Account.

Explanation:

This adjusting entry brings the salary expense account to its accrued balance in line with the accrual concept and matching principle of generally accepted accounting principles. These state that expenses and revenues should not reflect only the cash basis but the accrual basis, whereby unpaid or prepaid expenses, deferred or unpaid revenues that relate to the accounting period are brought into consideration.

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Management at the Flagstaff Company currently sells its products for $250 per unit and is contemplating a 40% increase in the se

elena-s [515]

Answer:

393 units will need to be sold to breakeven

Explanation:

Break even point is the point where a Company makes neither makes a profit nor a loss.

Step 1 : Calculate new variables

New Sales = $250 x 1.40 = $350

Variable Costs = $250 x 30 % = $75

New Fixed Costs = $120,000 x 90 % = $108,000

Step 2 : Break even (units)

Break even (units) = Fixed Costs ÷ Contribution per unit

= $108,000 ÷ ($350 - $75)

= 393 units

Thus, 393 units will need to be sold to breakeven

8 0

2 years ago

When there few close substitutes available for a good, demand tends to be

e-lub [12.9K]

B. relatively inelastic

8 0

3 years ago

Tell, Inc., leased a building from Lott Corp. Tell paid monthly rent of $500 and was also responsible for paying the building’s

Ugo [173]

Answer:

Tell and Vorn

Explanation:

Based on the information given Lott will most likely prevail against TELL and VORN reason been that we were told that both TELL and VORN entered into an agreement on January 1 which means that both of them will be responsible for the DELINQUENT TAXES which has not been paid because Vorn occupy the building that was leased out to Tell from Lott Corp in exchange for the amount of $600 which will be monthly paid by Vorn to Tell, which means that in a situation were the taxes is said to be DELINQUENT TAXES in which neither of them paid the building's real estate taxes, Lott will most likely prevail against both TELL and VORN.

4 0

3 years ago

A ________ limits the quantity of imported merchandise, thus minimizing competition faced by domestic products.

sertanlavr [38]

Answer: Import Quota

Explanation:

A quota is defined as a government-imposed limit that is placed on trade whether import or export so as to control goods and services that enter or leave the country. we have different typos of quota but we will talk about the

Import Quotas --- To reduce competition faced by local products, government places import quotas on import goods so as to prevent the flood of foreign goods in the market which most times are cheaper than local goods as they are mostly produced with cheaper labor than the domestic products .

7 0

3 years ago

Universal Containers (UC) wants its closed Won opportunities to be synced to a Data warehouse in near real time. UC has implemen

lakkis [162]

Answer:

a) The default client Certificate or the Certificate and Key Management menu.

Explanation:

The universal containers desired to ensure that the communication existing between the Target System and the Salesforce is completely safe and secured, the UC must send the Outbound Message, default client Certificate as well as the menu of the Key Management. Therefore, the correct option is option a.

3 0

3 years ago