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
nordsb [41]
3 years ago
10

Assume that salaried employees of Mayer, Inc., earn 2 weeks of vacation per year. The salaried employees earn a total of $160 ea

ch pay period. Mayer's first payroll of the year is on January 7. Prepare the January 7 journal entry for Mayer by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Business
2 answers:
Lelu [443]3 years ago
8 0

Answer:

Dr. Salaried and Wages Expense  $160

Cr. Vocational benefit Payable       $160

Explanation:

The vocational pay is an expense for Mayer, Inc., to record this expense we have debited the Salaried and Wages Expense account by $160, because expenses have debit nature and need a debit entry to Increase.

O the other hand a liability will be created for vocational benefit payable, which needs a credit entry to Vocational benefit Payable account.

Dafna11 [192]3 years ago
4 0

Answer:

Jan .7 Dr Vacation Benefits Expense $ 160

Cr To Vacation Benefits Payable $160

Explanation:

Journal entry for Mayer

Date Account Name Debit Credit

Jan .7

Dr Vacation Benefits Expense $ 160

Cr To Vacation Benefits Payable $160

( to record vacation pay expense.)

You might be interested in
Miguel Alvarez in the accounting department at Baumer Company has provided the following information:
Mekhanik [1.2K]

Answer:

$10.65

Explanation:

The computation of the incremental manufacturing cost in the case when the production level is changed

= Direct material cost per unit + direct labor cost per unit + variable manufacturing overhead per unit

= $6.25 + $3.20 + $1.20

= $10.65

Here the fixed cost would not be relevant

8 0
3 years ago
Derek just received a bonus and wishes to set aside a portion of it in order to save for a 10-year reunion cruise that his old c
kotegsom [21]

Answer:

$3,168

Explanation:

We will receive $4000 in future (after 4 years time) which means all we want to know is the amount that we Derek must deposit today.

This present value of the $4000 payment received after 4 years from today can be calculated using the following formula:

Present value = Future Value / (1 + r)^n

Here

Future Value is $4000

r is 6%

n is 4 years

So by putting values, we have:

Present value = $4000 / (1 + 6%)^4 Years

Present value = $3,168

3 0
3 years ago
Identify which of the following statements is correct as to why accounting is important. Multiple choice question. We live in an
ziro4ka [17]

Answer:

Accounting information identifies, records and communicates information about a business.

Explanation:

The accounting information identified the business records and communicate the business information to the insiders and outsiders also it does not have any effect on everyone except the stakeholders. In addition to this, it is not depend upon the valuation made for the stock market

So as per the given situation, the above statement should be correct

3 0
2 years ago
Which qualifications are especially useful for Business Financial Management careers? Check all that apply.
Andrei [34K]

Answer:

advanced math skills

knowledge of finance laws

research skills

critical thinking skills

5 0
3 years ago
Read 2 more answers
Linda and her mom want to start a company selling homemade brownies to large supermarket chains. To get started, they have creat
kirill [66]

Answer:

server

Explanation:

According to my research on information technology and business structures, I can say that based on the information provided within the question in this situation they do not need a server for their business. A server is a separate computer hardware that manages a database and allows easy access to the data. Most business need one especially when running a website but since Linda and her mom are working from their basement and are okay with their computers then they will not need a server.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
Other questions:
  • Geothermal corp. just announced good news: its earnings have increased by 20%. most investors had anticipated an increase of 25%
    13·1 answer
  • to startup a small part time business assume your only cost are paying $100 for equipment and paying each employee you hire $ 20
    11·1 answer
  • Choose all that apply.
    6·2 answers
  • Stanley Corporation manufactures an electronic switch for dishwashers. The cost base per unit, excluding selling and administrat
    10·1 answer
  • Use closed ads in a sentence
    6·1 answer
  • The next wave of marketable innovations may involve new ways to produce and conserve energy. If we can turn new technology into
    9·1 answer
  • For more and more businesses, computing is moving from PCs and desktop machines to tablets and smartphones. Managers are increas
    14·1 answer
  • The following information is available from the land account: Opening balance $270,000 Sold for $200,000 cash 170,000 credit ent
    14·1 answer
  • I own a factory which I could lease for $100,000 per year. Instead I use it for my own business making PlayDo figures. I earn $2
    5·1 answer
  • Which of the following sources of marketing career information will give you
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!