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vazorg [7]
3 years ago
15

A company pays each of its two office employees each Friday at the rate of $100 per day for a five-day week that begins on Monda

y. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is: Multiple Choice Debit Unpaid Salaries $600 and credit Salaries Payable $600. Debit Salaries Expense $600 and credit Salaries Payable $600. Debit Salaries Expense $400 and credit Cash $400. Debit Salaries Payable $400 and credit Salaries Expense $400. Debit Salaries Expense $400 and credit Salaries Payable $400.
Business
1 answer:
sesenic [268]3 years ago
7 0

Answer:

Debit Salaries Expense $400 and Credit Salaries payable $400.

Explanation:

Consider, we are told the company pays each of its <em>two</em> office employees, meaning, the 2 employees combine will earn $200 a day .

Furthermore, we are told that even though the monthly accounting period ends on Tuesday the two employees work on Monday and Tuesday, meaning, the adjusting entry to record at the month-end will be a summation of the amount earned by the two employees on the two days.  That is, = $200 × 2 days <u>  = $400  </u>(which is a salary expense).

Therefore, going by the rule of double-entry, we are obliged to debit salaries expense account and credit salaries payable account.

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Alexa and David are managers of different sales teams. Together, they decide to have a competition between teams to see who can
Alexandra [31]

Answer:

D. Vigilant interaction theory

Explanation:

It is correct to say that Alexa and David are employing the theory of vigilant interaction to increase productivity.

This theory is related to the team's decision-making process, that is, its objective is the integration and collaboration of the entire group with innovative and creative contributions that help in solving problems, helping in a more effective decision-making that contributes for the positive end result of the team.

Therefore, when using the strategy of increasing the sense of competition in the teams, managers seek the theory of vigilant interaction so that the final result and the goals of the teams are achieved.

3 0
3 years ago
Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead
saw5 [17]

Answer: $66, 600

Explanation:

Predetermined overhead rate = Estimated total manufacturing overhead cost ÷ Estimated total amount of the allocation base = $373,040 ÷ 60,800 direct labor-hours = $6.3 per direct labor-hour Overhead over or underapplied Actual MOH = $432,000 Applied MOH = $6.3 x 58000 = $365,400 Underapplied MOH = 432,000-365,400 = $66,60

8 0
3 years ago
A hurricane in Florida destroys half of the orange crop. Illustrate the effect this has on the market for oranges. Demand Supply
myrzilka [38]

Answer:

As a result of half the orange crop being destroyed, there will be a shortage in the supply of oranges. This will shift the supply curve for oranges to the left as shown in the graphic.

Notice that the equilibrium price becomes higher. As a result of this, the Consumer surplus will <u>decrease</u> because they are now paying more than they would like to pay.

The situation will largely be the same in the market for orange juice because orange is the main component for orange juice. Orange juice supply will decrease and the supply curve will shift left.

Prices will rise and Consumer surplus will <u>decrease.</u>

<em>Note: Second graph x-axis is Quantity of orange juice. </em>

8 0
3 years ago
According to figure 7.1, in which market structure do firms have the greatest control over price?
Elden [556K]
That would be a Monopoly.  They have the greatest control over prices, since they are the only one in business.
8 0
3 years ago
If the world price of cotton is less than the price that would occur domestically without trade, then a country will:_________.
irina1246 [14]

Answer: b) import cotton.

Explanation:

If the international price is cotton is less than the price that a country produces it at, it is best that the country imports the cotton than produce it because they do not have a competitive advantage in producing the cotton.

Should they then import, the resources that were being used to produce the cotton can be used on other things that they do have competitive advantage in.

5 0
3 years ago
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