The end of the accounting period fell on a payday for Romero Industries but not for Rose Industries.
Explanation:
Unpaid wages are normally the percentages paid to hourly employees but not yet charged to employers.
According to the cumulative basis of accounting, outstanding wages received by workers but not yet deposited in their accounts must, through an accrual change entry to be entered or recorded:
-
Debit Wages Expense
- Credit Wages Payable or credit Accrued Wages Payable
Expense of wages is an account of income statement. Wages Payable or Accrued Wages Payable is a current account with a balance sheet account documentation.
Answer:
- Factors of production, household-to-firm
- Factors of production, household-to-firm
- Goods and services, firm-to-household
- Goods and services, firm-to-household
Explanation:
As per Circular Flow of Income
- Households provide firms with factors of production - Land, Labour, Capital, Entrepreneur. They get factor incomes from firms - wages, rent, interest, profit in return.
- Firms provide households with goods & services, get prices for them in return.
- Yakov earning 'wage' by working i.e supplying 'labour' services : is flow of factor of production from households to firm .
- Juanita earning 'profit' by supplying 'entrepreneurship' service : is flow of factor of production from households to firms
- Ana paying 'price' for good 'yoghurt' : is flow of goods & services from firms to households
- Dina paying 'price' for service 'piano lesson' : is flow of goods & services from firms to households
Chets comment about Drews behavior shows that Drew is an unreliable character.
Answer:
C. 11.05%
Explanation:
The computation of the cost of capital under the proposed leveraging is shown below;
cost of capital is
=Debt÷ value of leverged firm × ((unlevered cost of capital × (1 - tax rate))
=800 ÷ 1600 × ((13% + (13%) × (1 - 30%)))
= 11.0500%
hence, the cost of capital is 11.05%
Answer: Please refer to answer
Explanation:
The relates adjusting entries are,
December 31, 2015
DR Vacation Benefit Expense (29*250) $ 7,250
CR Vacation Benefits Payable $7,250
(Accounting for Vacation Benefit Payable)
December 31, 2015
DR Warranty Expense ( (4000*0.06) *12) $2,880
CR Estimated Warranty Liability $2,880
(Accounting for Warranty Liability)
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