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Rina8888 [55]
3 years ago
7

Prospect Realty Co. pays weekly salaries of $27,600 on Monday for a six-day workweek ending the preceding Saturday. Journalize t

he necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday. If an amount box does not require an entry, leave it blank. Accounts Receivable
Business
1 answer:
____ [38]3 years ago
7 0

Answer:

Dr salaries expense   $23,000

Cr salaries payable                      $23,000

Explanation:

By Friday ,employees would have worked for 5 days out of the six-day week  whose cost is $27,600,hence the salaries for the 5 days should be provided as computed below:

salaries accrued =$27,600*5/6=$23,000

The salaries accrued of $23,000 at the close of the period on that particular Friday should be debited to salaries expense and credited to salaries payable prior its payment on Monday.

When payment is made cash would be credited while salaries payable is debited.

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Match the factors to the target capital structure preferred.
Paraphin [41]

Answer:

See below ~

Explanation:

<u>Equity Capital Structure</u>

Equity capital refers to the money owed by the owners or shareholders of the company.

  • Fast growing companies like software
  • Businesses in the growth stage
  • Companies with high growth rate or credibility
  • Companies not in a position to provide collateral

<u>Debt Capital Structure</u>

Debt capital in the capital structure of the company refers to the borrowed money at work.

  • Managers with conservative management style
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7 0
2 years ago
Suppose you have a dinner gift certificate for $20. You can use it to order meatloaf or pot roast. Meatloaf costs $12, and pot r
antiseptic1488 [7]

Suppose you have a dinner gift certificate for $20. You can use it to order meatloaf or pot roast. Meatloaf costs $12 and pot roast costs $14. Meatloaf and pot roast are both worth $15 to you. The dollar value of the opportunity cost of choosing meatloaf instead of pot roast is $15 EX.

<h3>What Is Opportunity Cost?</h3>

Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are unseen by definition, they can be easily overlooked. Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision making.

Opportunity cost is often overlooked by investors. In essence, it refers to the hidden cost associated with not taking an alternative course of action. If, for example, a company pursues a particular business strategy without first considering the merits of alternative strategies available to them, they might fail to appreciate their opportunity costs and the possibility that they could have done even better had they chosen another path.

Formula Of Opportunity Cost

​Opportunity Cost=FO−CO

where:

FO=Return on best forgone option.

CO=Return on chosen option.

​

Learn more about Opportunity cost on:

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8 0
2 years ago
For a company using target costing, market price minus profit equals target price.
Sav [38]

Answer:

The answer is false

Explanation:

Market price minus profit equals target cost and not target price.

6 0
3 years ago
Exam hide or show questions question content area revenue and expense account are permanent accounts. true false
klio [65]

Because they are always converted to an income summary throughout the closing process, revenue and expense accounts are known as nominal accounts.

so the statement is false

Revenue Definition:

Revenue in financial accounting refers to an inflow of funds, typically from sales or services provided by commercial activity. It is also known as sales or business turnover. In other terms, revenue refers to the amount of money that a company or organization receives. For instance, certain businesses may receive income from royalties, interest, or copyright fees. While for some businesses, money may come from the services they provide to clients. Donations from groups, corporations, and people are referred to as revenue for non-profit organizations.

Operating Revenue Examples:

  • Sales.
  • Fees or Commission Earned.
  • Service Revenues.

Expenses Definition:

A money outflow is known as an expense or expenditure in financial accounting. As an illustration, a tenant's expenses can include rent. Parents' expenses could include the cost of their children's tuition. Expenses for a business include things like electricity bills, bank fees, sales expenses, phone bills, repairs, and services.

List of expenses in accounts frequently observed when preparing financial statements:

  • Cost of goods sold.
  • Legal fees.
  • Depreciation.

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3 0
1 year ago
hatch pattern optimization of powder bed fusion additive manufacturing process for minimizing flatness error
Akimi4 [234]

In addition to prototyping, Powder Bed Fusion (PBF) AM processes have lately been more widely used to manufacture end-use parts. These changes lead to necessity of higher requirements to quality of a final product. Optimization of process parameters is one of the ways to achieve desired quality of a part.

In addition to prototyping, Powder Bed Fusion (PBF) AM processes have lately been more widely used to manufacture end-use parts. These changes lead to necessity of higher requirements to quality of a final product.

Optimization of process parameters is one of the ways to achieve desired quality of a part. Finite Element Method (FEM) and machine learning techniques are applied to evaluate and optimize AM process parameters. While FEM requires specific information, Powder Bed Fusion Machine Learning is based on big amounts of data. This paper provides a conceptual framework on combination of mathematical modelling and Machine Learning to avoid these issues.

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8 0
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