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
Igoryamba
4 years ago
7

For each of the following, journalize the necessary adjusting entry:

Business
1 answer:
Sergio [31]4 years ago
4 0

Answer:

A1) Salaries earned are $4,400 ($22,000 / 5) per day. So if the fiscal period ended on a Tuesday, the following records should be made:

  • Dr Salaries Expense   8,800
  • Cr Salaries Payable   8,800

A2) If the fiscal period ends on a Wednesday, the following records should be made:

  • Dr Salaries Expense   13,200
  • Cr Salaries Payable   13,200

B1) If the amount of insurance expired during the year is $5,300, the following record should be made:

Dr Insurance Expense 5,300  

Cr Prepaid Insurance 5,300

You might be interested in
Safefen, a safety assurance and standards association in the country of Eilenst, made it mandatory for all the toy manufacturers
Talja [164]
<h3>This scenario best illustrates the effect of the industry regulation component of on organizations by Safefen. </h3>

Explanation:

The element of industry regulation consists of laws and guidelines regulating the business practices and procedures of individual companies, firms, and professions.

Government regulation of the industry is control of individual or firm actions by local, federal or state governments via price-setting processes or control of the quantity, quality, and safety of products and services produced.  

Displaying the recommended age limit for each toy on its cover is one of Safefen's safety measures of toy industry regulations.

4 0
3 years ago
1. You’ve been hired by Nielsen Company to study the market for potatoes. Demand in the potato market is characterized by the de
icang [17]

Answer:

P = MR = 1

Explanation:

The demand function is q = 25 - 12p.

The  total income is the price of potatoes multiplied by the quantities of potato --> P * Q

p*q = p*(25-12p)

p*q = 25p - 12p^2

the first derivative of the previous equation is the marginal revenue. In perfect competition the Price = Marginal revenue.

First derivative of total income ---> 25-24p

And MR = P

25-24p=p

25=25p

<h2>p=1</h2>

8 0
3 years ago
Raby, Inc. acquires all of the outstanding stock of Fletcher Corporation on January 1, 2017. At that date, Fletcher owns only th
Nina [5.8K]

Answer:

D. $285,000

Explanation:

When a company is acquired by another company, the parent company (the new owner) must report the assets at fair market value - amortization.

FV = $300,000

amortizable value = $100,000

depreciation for 3 years (2017, 2018 and 2019) = ($100,000 / 20) x 3 = 415,000

reported value = $300,000 - $15,000 = $285,000

6 0
3 years ago
In the process of brainstorming his goals, Robert realized his Web business was more about money than creativity. His decision t
Rasek [7]
From what I understand here, it is the company that will be creating the 5000 monthly income. This is an example of a specific measurable goal since the goal of Robert is to make sure that the monthly net income of his company would reach at least 5000. Since he is the boss of his company, this is also probably his personal mission for his company so that he will be motivated to keep on bringing his company to better heights. This will also probably motivate his employees to work harder as well.
4 0
4 years ago
Read 2 more answers
[based on the results of the simulation, can policy market interventions cause a change in consumer or producer surplus? explain
WITCHER [35]

When the intervention rises the price stage of goods, then the incentive to supply extra desires increases and consequently growing manufacturers' surplus. So policy market can motivate both client and producer surplus.

A tax causes consumer surplus and producer surplus (earnings) to fall.. some of those losses are captured inside the tax, however, there may be a loss captured with the aid of no celebration—the value of the devices that could be exchanged had been there no tax. those lost gains from trade are called deadweight losses.

For each monetary transaction, there can be both producer surplus (or profit) and client surplus. The mixture–or blended–a surplus is called the economic surplus.

Learn more about policy market here: brainly.com/question/25754149

#SPJ4

6 0
2 years ago
Other questions:
  • Determine the amount of tax liability in the following situations. In all cases, the taxpayer is using the filing status of marr
    14·1 answer
  • Nieland Industries has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process—Fabrica
    12·1 answer
  • On January 1 of the current year, Jimmy's Sandwich Company, Inc. reported stockholders' equity totaling $122,500. During the cur
    14·1 answer
  • Within her company, Nadine utilizes a management style that varies according to the individual and environmental situation, with
    11·1 answer
  • which of the following paycheck withholdings puts money into a retirement investment fund that you will manage?
    13·1 answer
  • On July 31, 2017, Keeds Company had a cash balance per books of $6,140.00. The statement from Dakota State Bank on that date sho
    8·1 answer
  • The following is an example of what type of group norm?
    11·1 answer
  • On January 15, 2020, Vern purchased the rights to a mineral interest for $3,500,000. At that time, it was estimated that the rec
    6·1 answer
  • .
    5·2 answers
  • As you will see from this agreement, there are different a.p.r.s applied based on how the credit card is used. which transaction
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!