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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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___________ is a technique to analyze and sequence tasks involved in completing a project, to estimate the time needed to comple
svp [43]

Answer:

PERT ( Program Evaluation Review Technique)

Explanation:

PERT stands for Program Evaluation Review Technique. PERT charts are tools used to plan tasks within a project - making it easier to schedule and coordinate team members accomplishing the work.  

PERT is a project management planning tool used to calculate the amount of time it will take to realistically finish a project.

Hence PERT is a technique to analyze and sequence tasks involved in completing a project, to estimate the time needed to complete each task, and to determine the minimum amount of time needed to complete each project

6 0
3 years ago
Read 2 more answers
in the 1990s, the personal computer became more easily available to the average american consumer. which factors played a role i
hjlf

Microchip technology is one of the main factors that made low-cost personal computers and other devices increasingly accessible to the general people in the 1990s.

The history of the technology industry is one of rapid expansion and decline. Its initial era of rapid expansion covered the years 1990 to 2000, which are commonly referred to as the "dot-com boom" or the "tech bubble."

Over the time, employment in the technology sector sectors soared by 36% nationwide. Over a ten-year period, the average weekly pay for those working in the technology industry quadrupled and increased by 102%. At its height in 2000, slightly over 4% of all private employment was in the technology sector.

Early in 2001, as the tech bubble burst, employment in the industry fell off quickly. For the next four years, there were large net job losses.

Learn more about personal computers in the 1990s here:

brainly.com/question/16026203

#SPJ4

3 0
1 year ago
Wildhorse Company increased its investments in marketable securities by $323,370 and paid $1,232,231 for new fixed assets during
patriot [66]

Answer: $‭88,844‬

Explanation:

Financing activities relate to those activities that the company gets into in relation to Equity and debt as these are what finance the operation of the business.

Net Cash from Financing activities = Net inflow - Net Outflow

= New Debt Capital - Repaid debt - Treasury stock purchase

= 913,545 - 773,200 - 51,501

= $‭88,844‬

8 0
3 years ago
a customer has invested 20000 in a variable annuity. in the first year nav increases to 21100 at what rate wsill 1100 gain be ta
rjkz [21]

Answer: 0%

Explanation:

The $20,000 contribution to the variable annuity is not taxed and neither is the gain, at least not yet.

With the variable annuity, the gains/earnings will be tax-deferred and the customer will only have to pay taxes when they withdraw the contributions.

When this happens they will be charged at the normal income tax rate.

7 0
4 years ago
Lakeshore Paints, Inc., operates a plant next to Clear Lake. The goals of the Clean Water Act include Select one: a. protecting
VashaNatasha [74]

Answer: d. eliminating the discharge of anything into any water.

Explanation:

The Clean Water Act aims to clean up and restore the integrity of water sources in the United States and it hopes to do so by preventing and completely eliminating the discharge of anything into any water that could result in the water being polluted.

It is a Federal statute and is enforceable by the Environmental Protection Agency.

3 0
3 years ago
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