All categories

3 years ago

Manning Manufacturing Inc. had the following items that require adjustment at year end.

Business

1 answer:

Ostrovityanka [42]3 years ago

8 0

Answer:

1. a. Debit Salaries $5,320

Credit Accrued Salaries $5,320

Being accrued salaries for December 31

b. Debit Utilities $1,970

Credit Accrued Utilities $1,970

Being accrued Utilities for December 31

c. Debit Interest $925

Credit Accrued Interest $925

Being accrued Interest note payable for December 31

2. Income statement will be overstated by the sum of $8,215

Explanation:

The are the adjusting entries needed at December 31.

1. a. Debit Salaries $5,320

Credit Accrued Salaries $5,320

Being accrued salaries for December 31

b. Debit Utilities $1,970

Credit Accrued Utilities $1,970

Being accrued Utilities for December 31

c. Debit Interest $925

Credit Accrued Interest $925

Being accrued Interest note payable for December 31

2. The effect on the financial statements if these adjusting entries are not made is that the income statement will be overstated by the sum of $8,215 , Below is the computation:

Salaries $5,320

Utilities $1,970

Interest <u> $925 </u>

Total expenses <u> $8,215 </u>

You might be interested in

Investing in, controlling, and managing value-added activities in another country is called:

kozerog [31]

Foreign direct investment

8 0

4 years ago

18) Any consideration of the true costs of sprawl must include ________. A) the restoration of natural areas in inner cities B)

skad [1K]

Answer:

Option D.

Explanation:

Any consideration of the true costs of sprawl must include the increased use of fossil fuels

Fossil fuel is a fuel formed from the decayed plants and animals that have been converted to crude oil, coal or natural gas over hundreds of millions of years by exposure to heat and pressure in the earth's crust.

Option D. is correct.

8 0

4 years ago

A stock had returns of 18.58%, -5.58%, and 20.81% for the past three years. What is the variance of returns?

NemiM [27]

Answer:

Variance = 0.02141851

Explanation:

We first calculate the mean for the stocks

Mean = (0.1858 - 0.0558 + 0.2081) / 3

Mean = 0.3381 / 3

Mean = 0.1127

Variance = [(0.1858 - 0.1127)^2 + (- 0.0558 - 0.1127)^2 + (0.2081 - 0.1127)^2] / 3 -1

Variance = [0.0731^2 + (-0.1685^2) + 0.0954^2] / 2

Variance = 0.00534361 + 0.02839225 + 0.00910116 / 2

Variance = 0.04283702 / 2

Variance = 0.02141851

The variance of returns is 0.02141851

7 0

3 years ago

A ________ structure is an organizational structure that assigns specialists from different functional departments to work on on

Oksi-84 [34.3K]

A matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.

<h3>What is a matrix?</h3>

Teams in a matrix organization report to several leaders inside the business.
The matrix structure promotes open communication between teams and can assist businesses in producing more creative goods and services.

<h3>What is an organizational structure?</h3>

An organizational structure outlines how tasks are assigned, coordinated, and overseen in order to achieve organizational objectives.
The basis upon which standard operating procedures and routines are built is provided by organizational structure.
It decides who gets to take part in what decision-making procedures and how much their opinions influence the organization's activities.
The lens or perspective that people use to perceive their organization and its surroundings is known as the organizational structure.

Therefore, a matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.

Know more about organizational activities here:

brainly.com/question/4269555

#SPJ4

5 0

2 years ago

Loretta is a product manager at a popular printing company. Though none of her small business clients have requested to print on

earnstyle [38]

.... She attempts to influence her clients to switch to printing on the new materials. This is known as a proactive type of approach

This is further explained below.

<h3>What is a proactive type of approach?</h3>

Generally, Proactive actions prepare for the future. Proactivity is a desired attribute in an individual, team, or organization. Reactive methods wait for the future to happen before acting.

In conclusion, "Loretta is a product manager at a popular printing company. Though none of her small business clients have requested to print on recycled paper, Loretta decides to stock some recycled paper products anyway because she sees this as an opportunity to increase her company’s reputation for sustainability. She attempts to influence her clients to switch to printing on the new materials." is a proactive type of approach

Read more about the proactive type of approach

brainly.com/question/18762497

#SPJ1

6 0

2 years ago