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viktelen [127]
3 years ago
15

Colaw Co. pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Colaw acc

rues salaries expense only at its December 31 year end. Data relating to salaries earned in December 2014 are as follows: Last payroll was paid on 12/26/14, for the 2-week period ended 12/26/14. Overtime pay earned in the 2-week period ended 12/26/14 was $20,000. Remaining work days in 2014 were December 29, 30, 31, on which days there was no overtime. The recurring biweekly salaries total $360,000. Assuming a five-day workweek, Colaw should record a liability at December 31, 2014 for accrued salaries of _______.
Business
1 answer:
viva [34]3 years ago
8 0

Answer: the correct answer is $128,000

Explanation:

$20,000 (overtime pay)  + ($ 360,000 / 10*3).  Biweekly salaries are

$360,000 and the week has 5 days that's why we have to consider a biweekly salary for 10 days and multiple that by 3 days.

$20,000 + $108,000 = $128,000

You might be interested in
Lusk Corporation produces and sells 10,000 units of Product X each month. The selling price of Product X is $40 per unit, and va
Sunny_sXe [5.5K]

Answer:

<u>Part 1</u>  There will be a disadvantage for 30,000 as there are allocated cost into product X

<u>Part 2 </u>TRUE

As performing the order will not renounce to selling in the local market. When the order comiptes with the normal capacity(there is no idlbe capacity to use) it will have as opportunity cost the contribution if sold in the local market.

Explanation:

\left[\begin{array}{cccc} &$Current&$Discontinued&$Differential\\$Revenues&400,000&&-400,000\\$variables&-320,000&&320,000\\$Contribution&80,000&&-80,000\\$avoidable fixed cost&-50,000&&50,000\\$allocate fixed&-70,000&-70,000&\\$Result&-40,000&-70,000&-30,000\\\end{array}\right]

Revenue 10,000 x 40 = 400,000

Variable Cost: 100,000 x 32 = 320,000

Avoidable: 120,000 - 70,000 = 50,000

4 0
4 years ago
What is the value of a firm with initial dividend Div 1​, growing for n years​ (i.e., until year n plus 1​) at rate g 1 and afte
finlep [7]

Answer:

stock price = (Div 1 / r - g1) x {1 - [(1 + g1) / (1 + r)]ⁿ}    +    (Div 1 / r - g2) x [(1 + g1) / (1 + r)]ⁿ⁻¹

Explanation:

since the company will first grow at g1 for n years, and then at g2 forever, we need to first determine the present value of the dividends growing at g1 for n years:

present value of the dividends during n = (Div 1 / r - g1) x {1 - [(1 + g1) / (1 + r)]ⁿ}

e.g. div = $2, n = 5 years, g1 = 8%, r = 12%

(2 / 12% - 8%) x {1 - [(1 + 8%) / (1 + 12%)]⁵} = 50 x 0.166263 = $8.31

now we find the formula to calculate the present value for the growing perpetuity g2 at n - 1 years:

= (Div 1 / r - g2) x [(1 + g1) / (1 + r)]ⁿ⁻¹

following the same example but changing g1 for g2, and g2 = 5%

= (2 / 12% - 5%) x [(1 + 5%) / (1 + 12%)]⁵⁻¹ = 28.5714 x 0.772476 = $22.07

we now add both parts to finish our example = $8.31 + $22.07 = $30.38

8 0
3 years ago
How often should you typically monitor your checking account?
Rasek [7]
Every month or so but I typically check every two weeks.
4 0
3 years ago
Read the following paragraph and its possible revisions. Then choose the revision that has the best paragraph coherence and that
kirill [66]

Answer:

1. 3. The duties of the crisis team should be divided according to each member’s area of expertise. Since communicating accurate information is critical, you will need to assign specific members to interface with your own employees and public-safety agencies. Communication with the public and employees should be overseen by the director of PR. If your company does not have a public relations executive, this job should be handled by the head of marketing or human resources. Nevertheless, all members of your crisis team should receive training in crisis communication.

- The first sentence here needs to stand alone unlike in option 2. Option 1 is just a repeat of the original paragraph so is not a revision and does not count.

2. Effective business messages are well organized and context appropriate; <u>therefore</u>, your first step in crafting effective messages is appropriate planning.

You should begin planning by conducting a situational analysis. <u>Following this</u>, you should gather all appropriate and relevant data or information. The amount of research you conduct will be determined by the purpose and scope of the message.

<u>After completing these two steps</u>, you should develop an outline for your message. Finally , you are ready to begin writing. You may have to write several drafts before you finish your message. Don’t be afraid to rewrite multiple times.

<u>Since the most effective (successful) messages are well crafted</u>, spending a little extra time on the planning and drafting process is always wise.

3. C) Break large topics into smaller segments.

By breaking large topics into small segments, each segment can then be explained in its own paragraph which will limit the length of paragraphs unlike if you had to talk about one larger topic in one paragraph.

7 0
4 years ago
Discretionary costs have two important features. The first feature arises from periodic decisions regarding the maximum amount t
zhenek [66]

Answer:

d. resources used

Explanation:

Discretionary cost is simply a cost derived from discretionary expenses. It is the cost with which a business or household can do withoit. Discretionary expenses are usually nonessential spending in nature as it is usually wants rather than needs. , Discretionary are simply non-essential expenses. They are expenses for things we don't need e.g eating out, gifts and others.

4 0
3 years ago
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