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Mazyrski [523]
3 years ago
6

Hahn Corp. has three employees. Each earns $600 per week for a five-day workweek ending on Friday. This month the last day of th

e month falls on a Wednesday. The company should make an adjusting entry: (Multiple Choice)
A. Crediting Wage Expense for $360 and debiting Wages Payable for $360.
B. Debiting Wage Expense for $360 and crediting Wages Payable for $360.
C. Crediting Wage Expense for $1,080 and debiting Wages Payable for $1,080.
D. Debiting Wage Expense for $1,080 and crediting Wages Payable for $1,080.
Business
1 answer:
svetoff [14.1K]3 years ago
8 0

Answer:

D. Debiting Wage Expense for $1,080 and crediting Wages Payable for $1,080.

Explanation:

Salary Calculation for three employees for one day = $ 600 + $ 600 + $ 600/5= 1800/5= $ 360

Salary for 3 days for 3 workers= $ 360 * 3= $ 1080

Adjusting Entry would be recognizing the expense and liability for the payment of wages.

So

Wages expense will be debited  with $ 1080

And wages payable would be credited with $ 1080

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Cheyanne, the regional manager of a global sales organization, gives freedom to the sales representatives on the amount spent on
tamaranim1 [39]

Answer:

(B). Ethical standards

Explanation:

Ethical standards within an organization are standards set by the organization that employees are expected to abide by.

<em>They include values such as integrity, respect, trust, honesty, loyalty.</em>

Abiding by these ethical standards bring about employee and customer satisfaction.

<u>By giving freedom to sales representatives on the amount spent on gifts for Asian and European customers, Cheyanne is managing for Ethical standards.</u>

5 0
3 years ago
The current price of Parador Industries stock is $78 per share. Current earnings per share are $5.1, the earnings growth rate is
zalisa [80]

Answer:

1. $5.3

2. 17.95

Explanation:

1. Earning per share today = $5.1

Earning growth in one year = 4%

So, the EPS one-year ahead:

= Earning per share today × (1 +  Earning growth in one year)

= 5.1 × 1.04

= $5.3

2 . Market price one-year ahead:

= Current price × (1 + expected return on Parador stock)

= 78 × 1.22

= $95.16.

P/E Ratio = Market price per share ÷ Earning per share

P/E Ratio = 95.16 ÷ 5.3

                = 17.95

8 0
3 years ago
King Cones leased ice cream-making equipment from Ace Leasing. Ace earns interest under such arrangements at a 6% annual rate. T
DiKsa [7]

Answer: $80,000

Explanation:

Given that,

Annual interest rate = 6%

Lease term = Eight month

Monthly payment at the end of each month = $10,000

King cones earning reduced by $10,000 per month.

Therefore,

Lease Expense = Monthly payments × Lease term

                         = $10,000 × 8

                         = $80,000

Above is the lease expense for the eight month term, ignoring taxes.

4 0
3 years ago
During the growth stage of a product life cycle, companies should focus on: a. creating product differentiation. b. increasing o
GuDViN [60]

Answer:

Option A Creating Product Differentiation

Explanation:

The reason is that in the growth stage the company must add further features to the product to increase the product life and also capture the additional market share. This will only be possible if we have product differentiation.

The option D says that using anti-competitive strategy will give advantage to companies but this is not true, the reason is that the entrants enter the market when the product is at mature position (Normally). But this is not true in all situations.

So the best option is A

8 0
3 years ago
The decisions you make with your money is called what?
vlada-n [284]

Budjeting things or saving or spending it can go both ways

7 0
3 years ago
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