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diamong [38]
4 years ago
9

The company employs a single employee who works all five weekdays and is paid on the following Monday. The employee works the en

tire week ending on Friday, December 30. The employee earns $800 per day.\ Complete the necessary adjusting entry by selecting the account names and dollar amounts from the drop-down menus.
Business
1 answer:
Misha Larkins [42]4 years ago
4 0

Answer:

Explanation:

The question says to complete the necessary adjusting entry

What is an adjusting entry:

An adjusting entry represent an accounting entry passed usually at the end of the accounting year to ensure that accounts following the matching principle. An adjusting entry can further be passed to calculate and bring in respective account balances at the end of the period.

Therefore, the required adjusting entry is as follows:

Date                     Particulars                          Debit                 Credit

Dec 30                   Salaries expense            $4,000

                                     Salaries payable a/c                       $4,000

being the record of salaries accrued at the end of the year

Note: Since a day is $800 and there are 5 days, the accrual is $800 x 5 = $4,000

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MrRissso [65]

Answer:

the Annual inventory cost is $800.

Explanation:

The computation of the total annual inventory cost is given below:

Demand, D = 4000

Order cost, S = $ 20

Holding cost, H = $ 4

So,

EOQ = sqrt(2 ×D × S ÷ H)

= sqrt(2 × 4000 × 20 ÷  4)

= 200

Now

Annual inventory cost = Annual setup cost + Annual holding cost  

= (D ÷ Q × S) + (Q ÷ 2 × H)

= (4000 ÷ 200 × 20) + (200 ÷ 2 × 4)

= 400 + 400

= $800

hence, the Annual inventory cost is $800.

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3 years ago
When working with text boxes and shapes, which tab contains settings for applying shadows and 3-D rotation to objects?
maxonik [38]

Answer:

B) Effects

Explanation:

In Microsoft Presentation the shadows and 3-D rotation option are available inside the Home tab. This option is used to provide special effects on the slides. and other options are not correct that can be described as:

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3 years ago
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nirvana33 [79]

Answer:

False

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If Jake decides to increase total sales volume by decreasing the price of its engines, the decrease in price is too large compared to the increase in quantity demanded. The number of engines sold will increase from 5 to 6 (1 more unit) while the price of each engine will decrease from $75,000 to $50,000.

In this scenario, engines are price inelastic:

PED = % change in quantity demanded / % change in price = [(6 - 5) / 5] / [($50,000 - $75,000) / $75,000] = (1 / 5) / ($25,000 / $75,000) = 0.2 / 0.33 = 0.6

when PED is less than 1, the demand is inelastic. This means that a decrease in price will result in a smaller proportional increase in quantity demanded.

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Scrat [10]

Answer:

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