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3 years ago

Choose all that apply.

Business

2 answers:

docker41 [41]3 years ago

6 0

B) wages from your job

Zarrin [17]3 years ago

6 0

A and B because a savings account will earn you money in the long run

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Assume the weekly payroll of the Abbott Company is $5,000. December 31, the end of the year, falls on a Wednesday and Abbott wil

Crank

Answer:

Salary Expense A/c Dr. $3,000

To Salary Payable A/c $3,000

Since salary will be paid on Friday therefore, liability is recorded as salary payable.

Explanation:

As for the provided details,

The working week consists of 5 working days.

Thus, salary expense will be allocated to these 5 working days only. As the salary expense for a week = $5,000

That means salary expense for a day = $5,000/5 = $1,000 for each day.

Now, the financial year ends on December 31 which is Wednesday.

That means three days, of the working week, fall in the financial year.

Therefore, salary expense for the year will be = $1,000 $\times$ 3 = $3,000

Thus, entry for this will be:

Salary Expense A/c Dr. $3,000

To Salary Payable A/c $3,000

Since salary will be paid on Friday therefore, liability is recorded as salary payable.

3 0

3 years ago

Question Mode Multiple Select Question Select all that apply Select the items that characterize organizations. (Select all that

Andrew [12]

The items that characterize organizations include;

<em>Develops goods, services or ideas.</em>
<em>Develops goods, services or ideas.create value for its customers</em>
<em>Develops goods, services or ideas.create value for its customersConsists of people who share a common mission</em>

<h3>What is an organization?</h3>

The general characterization of an organisation is a group of people who share a common mission, strives to create value in the form of goods, services and ideas in some cases.

A major categorization of an organisation could be as to whether the organization is;

A profit oriented organisation OR
A non-profit oriented organisation.

Read more on organisations;

brainly.com/question/14595106

7 0

2 years ago

A disaster recovery site is a(n) __________ location so that you can keep from having the business close while the long-term sol

Zielflug [23.3K]

Answer:

Explanation:

Stopgap

A disaster recovery site, which is also known as a temporal backup site, is a place that a company can temporarily relocate to following a security breach or natural disaster. That is why it is known as a stopgap location because it is a temporary measure or short-term solution used until something better can be done about the situation; it serves as the best emergency plan for the typical situation.

6 0

3 years ago

Why do some auto insurance customers want medical coverage for their

velikii [3]

9514 1404 393

Answer:

C. To avoid having to pay for hospital bills resulting from an accident they cause

Explanation:

The purpose of any sort of insurance is to limit or eliminate the policy-holder's liability. Medical insurance in an auto policy pays for medical bills the policy-holder might otherwise be liable for as a consequence of an auto accident.

4 0

3 years ago

Parkway Void Co. issued 15-year bonds two years ago at a coupon rate of 9.4 percent. The bonds make semiannual payments. If thes

Marina86 [1]

Answer:

4.42% semiannually OR 8.84% annually

Explanation:

The actual return that an investor earn on a bond until its maturity is called the Yield to maturity. It is a long term return which is expressed in annual rate.

According to given data

Assuming the Face value of the Bond is $1,000

Coupon Payment = C = $1,000 x 9.4% = $94 annually = $47 semiannually

Price of the Bond = P = $1,000 x 105% = $1,050

Numbers of period = n = 15 years x 2 = 30 periods

Use Following Formula to calculate YTM

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $47 + ( $1,000 - $1,050 ) / 30 ] / [ ($1,000 + $1,050 ) / 2 ]

Yield to maturity = $45.33 / $1,025 = 0.0442

Yield to maturity = 4.42% semiannually OR 8.84% annually

8 0

4 years ago