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sweet-ann [11.9K]
4 years ago
6

A review of the ledger of Baylor Company at December 31, 2017, produces the following data pertaining to the preparation of annu

al adjusting entries. Salaries and Wages Payable $0. There are eight employees. Salaries and wages are paid every Friday for the current week. Five employees receive $700 each per week, and three employees earn $600 each per week. December 31 is a Tuesday. Employees do not work weekends. All employee worked the last 2 days of December. Unearned Rent Revenue $429,000. The company began subleasing office space in its new building on November 1. Each tenant is required to make a $5,000 security deposit that is not refundable until occupancy is terminated. At December 31, the company had the following rental contracts that are paid in full for the entire term of the lease. Prepaid Advertising $13, 200. This balance consists of payments on two advertising contracts. The contracts provide for monthly advertising in two trade magazines. The terms of the contracts are as shown below. The first advertisement runs m the month in which the contract is signed. Notes Payable $60,000. This balance consists of a note for one year at an annual interest rate of 12%, dated June 1. Prepare the adjusting entries at I December 31, 2017. (Show all computations).

Business
1 answer:
elena-s [515]4 years ago
6 0

Answer:

Please see attachment

Explanation:

Please see attachment

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It is possible for an economy to increase its production of computers and, at the same time, to increase its production of cars
Olin [163]

Answer:

The correct answer is option d.

Explanation:

A production possibility curve shows the maximum possible combination of two goods that can be produced using the given resources. Points below the curve show attainable but inefficient bundles as all the resources are not being utilized. The points on the curve show efficient bundle.

On the curve, we cannot increase the production of one good without decreasing the production of others. But an economy can increase the production of both the good if it moves from an inefficient point below the curve to a point on the curve. This can be done by utilizing the resources efficiently.  

5 0
4 years ago
IE 4-2....If the result of a SUPPLY shift in the Mini-economy is an Equilibrium at Point B, then the Quantity of Goods produced
faltersainse [42]

Answer:

<u>2250 </u>and the Total Nominal Income will be <u>$4950..</u>

Explanation:

Supply trajectory variate while composition rate furthermore associated constituents can produce a whole supply trajectory to variate rightward or leftward. The aforementioned results a higher or lower amount to be provided at a subsidized cost. This ceteris paribus opinion supplies trajectories associated costs furthermore numbers provided pretending no different constituents vary. The aforementioned is described as the ceteris paribus opinion.

Nominal income signifies that portion of your wages that is given out in payment. This is your assets into the genuine money sessions unadjusted concerning whatever is termed as expansion. The expansion introduces to the increment in the generic value of assets including assistance, further technically recognized as CPI (Consumer Price Index).

Here are a few steps from which we can easily find Total Nominal Income:

* STEP 1- Select your base year.

* STEP 2- Determine the worth of the index within that base year.

* STEP 3- For each time (as well as the foundation year), divide the price of the contents within the year by the value in the base year.

* STEP 4- Concerning all year, distribute specific value in the nominal data set through the figure thou determined meanwhile doing step 3.

By using these few steps we can easily calculate if a specific outcome from a SUPPLY shift into the Mini-economy is an Equanimity on Point B, formerly the Number of Assets generated will transpire <u>2250</u> moreover this Total Nominal Income will remain <u>$4950</u>.

8 0
4 years ago
Boeing’s strategy to become the largest airplane maker in the world included acquiring competitors such as mcdonnell douglas. Th
8_murik_8 [283]

There are different aspect of management. The development of this strategy falls under the planning function of management.

<h3>What is the planning function of management?</h3>

Planning is simply known to be a function of management that entails putting out objectives and knowing the right course of action to achieving the stated objectives.

Planning often needs managers to be very much aware of environmental conditions that faces their organization and predict future conditions.

Conclusively, principles of management is grouped into the four major functions such as;

  • Planning,
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  • Leading
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Learn more about  planning function from

brainly.com/question/16118348

5 0
3 years ago
Which questions about risk should someone ask before making a big purchase? Check all that apply.
ArbitrLikvidat [17]

Answer:

what problems are most likely to happen?

Explanation:

if this is asked beforehand we can know what problems the product wool have

6 0
2 years ago
Common Stockholders' Profitability Analysis A company reports the following:
AVprozaik [17]

Answer:

(A) Rate earned on stockholder's equity=15%

(B) Rate earned on common stockhloder's equity= 16%

Explanation:

A company reports the following profitability analysis

Net income of $375,000

Preferred dividend of $75,000

Average stockhloder's equity of $2,500,000

Average common stockhloder's equity of $1,875,000

(A) The rate earned on stockholder's equity can be calculated as follows

= Net income/Average stockholders equity

= $375,000/$2,500,000

= 0.15×100

= 15%

(B) The rate earned on common stock holder's equity can be calculated as follows

= Net income-Preferred dividend/Average common equity

= $375,000-$75,000/$1,875,000

= $300,000/$1,875,000

= 0.16×100

= 16%

Hence the rate earned on stockholder's equity and common stockhloder's equity is 15% and 16% respectively.

4 0
4 years ago
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