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sukhopar [10]
3 years ago
12

Example 1: Your manager enters your office with receipts from a restaurant and bar and asks for reimbursement. The manager claim

s the expenses were incurred while entertaining a client. Later that day, your manager’s wife comes to the office to drop off his lunch and mentions to you the expensive restaurant her husband took her to the night before and tells you exactly what she ordered. While processing the receipt for reimbursement, you could not help but notice the itemized receipt included the exact items the manager’s wife mentioned she had for dinner. What do you do?
Business
1 answer:
mrs_skeptik [129]3 years ago
7 0

Immedietly stop processing and tell the manager

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During the year, Cheng Company paid salaries of $24,000. In addition, $8,000 in salaries has accrued by the end of the year but
Burka [1]

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.

6 0
3 years ago
Lin is making a presentation about road safety and wants to add images of road signs.
Studentka2010 [4]

Answer:

I dont get what this is asking

Explanation:

This is not a question

3 0
3 years ago
Juan recently completed 20 years of service in the army. during this time, he managed to save a little money and is entitled to
malfutka [58]

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.

4 0
3 years ago
If Sasha works for 6 hours she can rent
zloy xaker [14]

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.

5 0
2 years ago
When your father was born 46 years ago, his grandparents deposited $450 in an account for him. Today, that account is worth $25,
Agata [3.3K]

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%.

5 0
3 years ago
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