1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
prisoha [69]
4 years ago
12

Salary expense is​ $1,175 per​ day, Monday through​ Friday, and the business pays employees each Friday. If December 31 falls on

a​ Wednesday, the amount of the adjusting entry to record accrued salaries would​ be:
Business
1 answer:
OverLord2011 [107]4 years ago
5 0

Answer:

$3525

Explanation:

Given: Salary expense is $1175 per day.

                Number of days salary is paid= 5 days (Monday through​ Friday)

 As given,  December 31 falls on a​ Wednesday.

∴ From Monday to wednesday, it is 3 working days.

Now, calculating amount of adjusting entry to record accrued salaries.

⇒ Accrued salary= \$ 1175\times 3= \$ 3525.

∴ Amount of the adjusting entry to record accrued salaries would be $3525.  

Accrued salary: It is the amount of liability remaining or salary left to be paid to employee at the end of period.

Journal entry is: Salaries A/C---  Dr

                              To Accrued Salaries A/C--- Cr.

       

You might be interested in
Which statement is FALSE regarding OSHA inspections?
jeka94

Did you ever figure out the answer, I'm stuck on this rn /:

4 0
4 years ago
Read 2 more answers
Sales is one occupation where _________ is not determined by wage or salary limits set by an employer
julsineya [31]

Sales is one occupation where profit is not determined by wage or salary limits set by an employer.

<h3>What is sales?</h3>

Sales include the step by step procedure that is used in spelling a goods or services.

The activity involves in sakes aims at selling the product to make profit.

Therefore, sales is one occupation where profit is not determined by wage or salary limits set by an employer.

Learn more on sales here,

brainly.com/question/24840811

#SPJ1

3 0
2 years ago
Two firms sell 100% orange juice in 10 ounce bottles. The juice is only good for one week. The two firms have contracts for all
Feliz [49]

Answer:

D. Cournot model.

Explanation:

This is explained to be a model pattern wherever 2 companies in most cases that are in duopoly are seen to provide a sort of product at the same time meeting a needed amount and most importantly severally as a kind of competition. As seen above, that was the case of the two firns in the above question. Founding economist fathers has explained that if a game contains a continuous strategy set then it's not forever simple to depict the strategic kind and outcome matrix is an in depth kind as a tree. so as to gift Cournot game, new notation are going to be helpful if a game contains a continuous strategy.

7 0
3 years ago
20. WACC and NPV [LO3, 5] Sommer, Inc., is considering a project that will result
g100num [7]
Mark Brainliest please

Sommer Inc is considering the new project, and yet we have to calculate under what circumstances the company have to take on the project. In order to assess the project, we need to compute the break-even cost such as the present value of future cash flows and calculate the WACC weighted cost of capital. It measures the weighted cost of equity and the after tax cost of debt. The following information are given: Debt to equity ratio = 0.90 Cost of equity = 13% After-tax cost of debt = 4.8% After-tax cost of savings = $2.7 million Debt to equity ratio = Debt / Equity = 0.90 Therefore, Value of firm = value of debt + value of equity Value of firm = 0.90E + E Value of firm

See the calculation of WACC as attachment
8 0
3 years ago
Which one of the following businesses would be the most difficult to get funding for
Gennadij [26K]
You have not suggested a list considering your question asks "..following businesses..."
8 0
3 years ago
Other questions:
  • Ruth gives Seth a computer as a gift. Using the computer, Seth develops a new game, for which he obtains intellectual property p
    8·1 answer
  • If i'm a freshman in 2017 when will i graduate
    15·1 answer
  • Country X can cut, prepare, and export lumber using fewer worker hours than Country Y. Country Y can produce lumber but produces
    14·1 answer
  • Have you ever used USAMS cable? How about it?
    7·1 answer
  • As a software development project manager, Chang is extremely busy working on new products as well as improving old ones and fix
    12·1 answer
  • A store has been selling skateboards at the price of $40 per board, and at this price, skaters have been buying 50 boards a mont
    14·1 answer
  • The following items are components of a traditional Balance Sheet. How much are the total assets of the firm?
    13·1 answer
  • Explain why the bank has asked to see your business financial records?​
    7·1 answer
  • One of your associates continues to make the same mistake when stocking shelves you have provided him with this feedback multipl
    12·1 answer
  • Like personal selling, direct marketing makes use of blank______ communication, allowing the seller to adapt messages according
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!