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
kherson [118]
2 years ago
11

Merando industries employs a five-day workweek and a september 30 year-end. normal weekly wages amount to $35,000. if september

30 ends on a wednesday, what is the appropriate journal entry on october 2, the next payday for merando?
Business
1 answer:
ale4655 [162]2 years ago
5 0

The journal entry to be made to accrue wages expense at September 30 would be:

(Computation for the accrued salaries: 35,000/5 = 7,000 x 3 = 21,000)

 

Debit

Salaries and Wages Expense 21,000

 

Credit

Salaries and Wages Payable 21,000

 

At the next payday which is October 2, the entry would be:

Debit

Salaries and Wages Payable 21,000

Salaries and Wages Expense 14,000

 

Credit

Cash 35,000

You might be interested in
What type of business organization should Luke, Austin, and R.J.<br> adopt?<br> Why?
GaryK [48]
This answer the question ok

6 0
3 years ago
_____ occurs when the amount of of capital per worker increases
katrin2010 [14]
<span>Gross domestic product </span>occurs when the amount of of capital per worker increases. The answer is letter A
3 0
3 years ago
Read 2 more answers
Even though the remainder of this assignment will focus on motivation, there are two additional determinants of job performance.
Marat540 [252]

Answer:

The answer is Job perfomance= Motivation x Ability x Situational x Constraints

Explanation:

Because in this formula, job performance is how well someone performs the requirements of the job, motivation is the degree to which someone works hard to do the job well, ability is the degree to which workers possess the knowledge, skills, and talent to do the job well, and situational constraints are factors beyond the individual control of the empolyees. Such as policies, resources. Since job perfomance is a multiple function of motivation times ability times situational constraints, the job performance wil decline if one of those elements is considered insuficient.

6 0
3 years ago
Which of the following contradicts the proposition that the stock market is weakly efficient?A. Over 25% of mutual funds outperf
Arisa [49]

Answer:

The correct answer is letter "C": Every January, the stock market earns above-normal returns.

Explanation:

Inside the Efficient Market Hypothesis or EMH, we can find the term "weak from efficiency" that states past price action do not influence the current stock price or it is not useful in order to predict future price movements. According to the same concept, the use of technical analysis or the suggestions of financial advisers is useless.

In that sense, option letter "C" indicates that <em>every January the stock market earns an above-normal return</em>, which clearly reflects that there is a repeated pattern in the stocks affecting their price during that specific month, something impossible to take place according to what "weak from efficiency" establishes.

5 0
3 years ago
Accounting professionals can perform various services that provide assurance about the and of information given by one party to
Burka [1]

Answer:

It is true

Explanation:

Chartered Accountants most especially external auditors are trained to provide assurance services that will give credit and reliability to the financial information being presented to the users by the directors.

Their services include statutory audit and other related assurance services.

The report produced by a Chartered Accountant (e.g External Auditor) gives reasonable assurance to the shareholders of the company or any other external users.

8 0
2 years ago
Other questions:
  • The mere exposure effect most directly contributes to the positive relationship between ________ and liking.
    6·1 answer
  • The postal service of St. Vincent, an island in the West Indies, obtains a significant portion of its revenues from sales of spe
    6·1 answer
  • Question 24 (multiple choice)
    8·1 answer
  • There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the f
    7·1 answer
  • Assessment of a potential supplier’s financial situation:
    11·1 answer
  • Yvonne works for a discount store that sells items only online. She is putting together a report and needs information pertainin
    15·1 answer
  • Larry Nelson holds 1,000 shares of General Electric (GE) common stock.
    15·1 answer
  • What is the meaning of building economics
    12·2 answers
  • What dApp does the author describe as a set of smart contracts that stores data on a home-listing blockchain?
    7·1 answer
  • The relationship between wealth accumulation and risk tolerance is referred to as what?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!