1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
uysha [10]
3 years ago
15

Finke Company's employees are paid each Friday for hours worked the previous week. At the end of the accounting period, Finke Co

mpany accrues $3,200 for earned salaries that have not yet been paid. Which of the following best describes this accrual transaction type?
a. Asset source transaction

b. Asset use transaction

c. Asset exchange transaction

d. Claims exchange transaction
Business
1 answer:
kolezko [41]3 years ago
6 0

Answer:

d. Claims exchange transaction

Explanation:

Claims exchange transaction -

It refers to any discrepancy in the claims , is referred to as claims exchange transaction .

In this case the claim of one reduces and others increases and hence the total claim remains constant .

Hence , from the given scenario of the question ,

The correct option is d. Claims exchange transaction .

You might be interested in
If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are:
lys-0071 [83]

Answer:

Recognized as revenues in the debt service fund.

Explanation:

Debt Service fund is a term that is used to describes a form of cash reserve utilized in the payment of interest and principal on specific kinds of debt for a given period. For example, bond premiums are commonly imposed by state law to be moved to debt service funds.

Hence, If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are: Recognized as revenues in the debt service fund.

8 0
3 years ago
The newspaper reported last week that Bennington Enterprises earned $28 million this year. The report also stated that the firm�
rosijanka [135]

Answer: a). Firm's growth rate = 10.5%

b). Next year's earnings = $30,940,000.00

Explanation: Earnings growth rate is the percentage change in earnings given specific variables.

The firm's earnings growth rate g = Return on equity (ROE) × Retained earnings (b) = 0.15(0.70)

g =0.105 or 10.5%

In finding next year's earnings, we multiply the current earnings times one plus the growth rate.

Next year's earnings = Current earnings(1 + g)

Next year's earnings = 28,000,000(1 + 0.105)

Next year's earnings = $30,940,000.00

7 0
3 years ago
Read 2 more answers
Inputs and outputs Megan's Performance Pizza is a small restaurant in San Francisco that sells gluten-free pizzas. Megan's very
sergiy2304 [10]
<h2>In the short run, these workers are <u>variable</u> inputs, and the ovens are <u>Fixed</u> inputs.</h2>

Explanation:

By analyzing the information, we can understand that, Megan can grow slowly and steadily because the constraint here is that, Megan has so many people to work but they are students and he cannot buy more than 2 oven's at present considering his financial background and the size of the kitchen.

So the wise work is that, he keeps changing the number of workers every time but the number of oven to be used every time is only 2.

So workers are variable (changing) and ovens are fixed.

7 0
3 years ago
A company purchased inventory for $ 2 comma 000 from a vendor on​ account, FOB shipping​ point, with terms of 2​/10, ​n/30. The
Flauer [41]

Answer:

Inventory would be 1, 768

Explanation:

2,000  goods

 +200  freight-in (A)

  -400  returned goods

 <u>   -32 </u> discount (B)

1, 768 net amount for inventory

<u>Notes:</u>

(A) The freight-in will be included in the inventory, as is a cost needed to have the inventory in the company's possession and be ready to use or sell.

(B) goods x discount rate

net goods 2,000 - 4,00 return = 1,600

discount for payment within 10 days 2%

Discount on purchase: 1,600 x 2% = 32

8 0
3 years ago
1.   What form of departmentalisation did the construction company responsible for building the taxi rank followed? Elaborate   
Vikentia [17]

The form of departmentalisation that the construction company responsible for building the taxi rank followed was <u>product departmentalization</u><u>.</u>

Product departmentalization is peculiar to a bug company that deals with multi-products. Construction company may be responsible for taxis, trucks or buses. Construction company responsible for taxi rank in this case grouped all the activities related to the taxis in a specific department.

Product departmentalization becomes vital when producing, marketing, and handling of every product hold certain importance for the company. It requires the company to ensure specialized production facilities.

<h3>What is departmentalization?</h3>

Departmentalization is an establishment structure that divides people into groups, or departments, based on certain sets of criteria. These departments have their own leadership and work together to complete tasks.

Therefore, the correct answer is as given above

learn more about departmentalization: brainly.com/question/6229273

#SPJ1

7 0
1 year ago
Other questions:
  • Refer to the financial statements of Burnaby Mountain Trading Company. The firm's asset turnover ratio for 2017 is _________. (P
    14·1 answer
  • During the recession of 2007−2009, the u.s. federal government's tax collections fell from about $2.6 trillion down to about $2.
    13·1 answer
  • Cully Furniture buys two products for resale: big shelves (B) and medium shelves (M). Each big shelf costs $500 and requires 100
    8·1 answer
  • why does the study state that " unless you are sleeping, it is almost impossible not to be communicating"?
    13·2 answers
  • The production plant for Ace Manufacturing has been located in the same place for over 100 years. It has just completed its new
    5·1 answer
  • Between 1790 and 1830, the population of New York increased nearly five times over. This population increase was
    9·1 answer
  • Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit. The compan
    7·1 answer
  • A certain product has supply elasticity 0.4 and demand elasticity 2.7. If a tax were placed on the product, what is most likely
    11·1 answer
  • When Paradise Incorporated, a travel insurance company, decided to introduce new goals for its internal management, there was a
    10·1 answer
  • Dress for success, inc., had policy requiring male salespersons wear business attire, including dress pants, button-down shirt,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!