Answer:
Correct answer is D. Credit to Salaries Payable for $8,000
Explanation:
Based on the basic underlying guideliness in accounting, specifically matching principle. All income and expenses should be reported during the period it incurred. Thus, all expenses incurred during the period even though it wasn't paid yet shoud be recorded to the book and that's the moment that the year-end adjusting entry is necessary.
On the above given problem, the salaries paid of $24,000 is presumed to have been recorded in the book already. Because it incurred and paid within the calendar period. In addition, the salaries accrued by the year end needs year-end adjustment<em> to recognize the salaries expense applicable for the period</em>. Journal entry of it is to debit salaries expense and credit salaries payable in the amount of $8,000.
Answer:
I dont get what this is asking
Explanation:
This is not a question
The suggestion suitable for Juan’s situation is for Juan to
check out the enterprises zones in the Colorado. Having to check this out will
help him to know where to locate his small business and to have a solution in
terms of limiting his tax liability in his business.
Based on the number of apartments that Sasha can rent at 6 and 7 hours, her marginal benefit in the 7th hour is<u> 3 apartments. </u>
<h3>What is Sasha's marginal benefit?</h3>
This refers to the additional number of benefits that Sasha gets when she works an extra hour.
As a result of working one extra hour from 6 hours to make it 7 hours, the additional benefit Sasha gets is:
= 12 - 9
= 3 apartments.
Find out more on marginal benefits at brainly.com/question/11937697.
Answer:
9.1%
Explanation:
To calculate the annual rate of return on this account you can use the following formula:
r = ( FV / PV )^1/n - 1, where
r= rate of return
FV= future value= 25,000
PV= present value= 450
n= number of periods of time= 46
r=(25,000/450)^(1/46)-1
r=55.56^0.0217-1
r=1.091-1
r=0.091 → 9.1%
According to this, the annual rate of return on this account was 9.1%.