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valkas [14]
3 years ago
8

Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are paid each Friday for the five-day workwee

k. Required: Prepare the adjusting entry on December 31 assuming the year ends on Thursday. Refer to the Chart of Accounts for exact wording of account titles.
Business
1 answer:
juin [17]3 years ago
5 0

Answer:

                                  Dr.         Cr.

Salaries Expense   $8,000

Salaries payable                   $8,000

Explanation:

Four days of the week passed until December 31. So, the accrued expense will be as follow:

Payroll for 5 days = $10,000

Payroll for 1 days = $10,000 / 5  = $2,000

Payroll for 4 days = $2,000 x 4  = $8,000

Accrued Expense of $8,000 should be recorded and a liability will be made against this expense as payment has not been made.

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Calculate the annual interest and the semiannual interest payment for the following corporate bond issues with a face value of $
Svetllana [295]

The answer to the question is shown below.

<h3>What is the Interest rate?</h3>
  • In finance and economics, interest is the payment of an amount above the repayment of the principal sum (that is, the amount borrowed) by a borrower or deposit-taking financial institution to a lender or depositor at a specific rate by borrower or deposit-taking financial institution.
  • It differs from a fee that the borrower may pay to the lender or a third party.
  • It is also distinct from a dividend, which is paid by a company to its shareholders (owners) from its profit or reserve, but not at a fixed rate, but rather on a pro-rata basis as a share of the reward gained by risk-taking entrepreneurs when revenue exceeds total costs.

Calculation:

Given -

Annual Interest Rate:

  • 5.75%
  • 6.40%
  • 6.00%
  • 7.55%

So, Annual Interest Rate:

  • 5.75% = 1000 × 5.75%= 57.50
  • 6.40% = 1000 × 6.40%= 64.00
  • 6.00% = 1000 × 6.00%= 60.00
  • 7.55% = 1000 × 7.55%= 75.50

So, Semiannual Interest Amount:

  • 5.75% = 1000 × 5.75%/2 = 28.75
  • 6.40% = 1000 × 6.40%/2 = 32.00
  • 6.00% = 1000 × 6.00%/2 = 30.00
  • 7.55% = 1000 × 7.55%/2 = 37.75

Therefore, the answer to the question is shown below.

Know more about Interest rates here:

brainly.com/question/25793394

#SPJ4

The complete question is given below:

Calculate the annual interest and the semiannual interest payment for the following corporate bond issues with a face value of $1,000. (Round your answers to 2 decimal places.) Find: Annual Interest Amount, and Semiannual Interest Payment

Annual Interest Rate:

5.75%

6.40%

6.00%

7.55%

7 0
2 years ago
Riku, an HR manager, believes that his implementation of HR practices in the company is impeccable because he received the input
KATRIN_1 [288]

Answer:

Method of authority

Explanation:

Since,  Riku is receiving inputs from the CEO for HR practices( which he thinks are perfect). Riku is relying on the Method of Authority.

Method of authority is philosophy in which truth is established through trusted sources or someone in authority such as God , tradition, public saction.  The knowledge gained through a trusted source built's confidence and assurance.

3 0
3 years ago
The marketing managers of Havtol Inc., a food products company, created a dedicated software system to receive customers’ feedba
jarptica [38.1K]

Answer:

A) web survey system

Explanation:

A web survey system is used to create a database with the customers' stored answers to the questionnaire. That database can be processed by statistical software to provide analytical information about Havtol's customers, the products they prefer and other relevant information (depending on what the questionnaire was about).

5 0
3 years ago
How can networking with friends colleagues or members of an organization helping to get to where you want to be
storchak [24]
It gives you a map so that you can find where u are going
3 0
3 years ago
Ms. Crocker bought 1,000 shares of EMO Corporation stock for $10,000 on January 20, 2017. On December 28, 2018 she sold all 1,00
Ede4ka [16]

Answer:

The answer is: Ms. Crocker LTCL is $0 and her basis for her 1,000 shares purchased in 2020 is $8,000

Explanation:

Ms. Crocker initially bought 1,000 stocks at $10,000, then she sold her stock at $9,000 losing $1,000. Then she again bought the same stock for $7,000. She can offset her initial loss ($1,000) and instead add it to the value of the stock purchased later. So instead of having 1,000 shares with a $7,000 value, she can value her stock at $8,000.

4 0
3 years ago
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