Answer:
C. triple bottom line.
Explanation:
The triple bottom line should be greatly considered by Sunset Oil in establishing their drilling company in the Gulf coast.
Triple bottom line is an accounting framework that contains aspects of social, environmental and financial considerations.
- The clap back by the locals on the establishment of this firm will have dire consequences on these three main elements of the triple bottom line.
- We cannot isolate one for the other.
- To the local hosting community, they might be interested in the environmental implication.
- But in due honesty, the company will have to evaluate the social and financial this push back will have on the deal.
- The effect of this would be on the profit, the people and the planet which mimics the financial, social and environmental consideration.
While making adjustment of the journal entries for the accrued salaries of $600 and current salaries of $1500, the salaries expense amount should be debited for an amount of $900.
<h3>What are journal entry adjustments?</h3>
Journal entries adjustments are the amount that are adjusted at the end of the accounting period to avoid errors while preparing journal entries for the financial transactions.
The adjusted journal entries for the above transactions are attached with an image for reference.
Hence, option B; the salaries expense account will be debited for $900 in the journal entries adjustments.
Learn more about journal entries adjustments here:
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Answer:
At the end of the year the Peso Deposit is worth 100 US dollars.
Explanation:
When we open the account 1 dollar is worth 10 pesos. So when we exchange 100 dollars into pesos to open the account we have (100*10)= 1,000 Pesos in our account. The deposit pays us 20% interest rate so at the end of the year we have (1.20*1000) =1200 Pesos at the end of the year. When the year ends 1 dollar is worth 12 Pesos, so when we convert our Pesos into dollars we will have to divide them by 12
Dollars = 1200/12= 100
SO at the year the Peso Deposit is worth 100 US Dollars.