All categories

3 years ago

A salary owed to employees is an example of an accrued expense a. True b. False

2 answers:

8 0

An accrued expense in accounting is any liability that is accounted for before it's actually paid. So any money that an employee earned by doing their jobs is money owed to them and put down in the accounting ledger as an 'accrued expense'. True

pogonyaev3 years ago

5 0

a. True

An accrued expense is an expense that exists in the books before it is paid off and it's a liability. It's a periodic and documented expense, and they are the opposite of prepaid expenses. A salary owed to employees is an example of an accrued expense.

You might be interested in

The california “standard form” policy of title insurance on real property insures against loss occasioned by:

AVprozaik [17]

The California “standard form” policy of title insurance on real property insures against loss occasioned by a forgery in the chain of recorded title.

To add, standard form policy is an insurance policy form that is designed to be used by many different insurers and has exactly the same provisions, regardless of the insurer issuing the policy.

3 0

3 years ago

To indicate grouping in access, select _____ as the entry in the total row for the field to be used for grouping

Vinvika [58]

Select the Group By function. This makes it so that records of the same group are placed onto a single record with a column that is added and holds a nested table of the remaining columns. This function also returns a table with records grouped together based on the values in one or more columns.

3 0

3 years ago

Four buyers are in the market for a new car. suppose buyer 1 is willing to pay $20,000, buyer 2 is willing to pay $56,000, buyer

iren2701 [21]

Id take buyer 2 offer because hes doubling what your asking for it

8 0

3 years ago

Paney Company makes and sells calendars. The information on the cost per unit is as follows: Direct materials $1.50 Direct labor

Vsevolod [243]

Answer:

Break-even point (dollars)= $80,000

Explanation:

Giving the following information:

Variable costs:

Direct materials $1.50

Direct labor 1.20

Variable overhead 0.90

Variable marketing expense 0.40

Total variable costs= 4

Fixed costs:

The fixed marketing expense totaled $13,000

The fixed administrative expense totaled $35,000.

Total fixed costs= $48,000

The price per calendar is $10.

To calculate the break-even point in dollars, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 48,000/ [(10 - 4)/10]

Break-even point (dollars)= 48,000/0.6

Break-even point (dollars)= $80,000

3 0

3 years ago

A bond issued by the state of Alabama is priced to yield 6.40%. If you are in the 30% tax bracket, this bond would provide you w

Semmy [17]

Answer:

9.14%

Explanation:

Tax exempt yield = 6.40% = 0.064

Marginal tax rate = 30% = 0.30

Equivalent taxable yield = Tax exempt yield / (1 - marginal tax rate)

Equivalent taxable yield = 0.064 / (1 - 0.30)

Equivalent taxable yield = 0.064 / 0.70

Equivalent taxable yield = 0.0914286

Equivalent taxable yield = 9.14%

3 0

3 years ago