Answer:
Journal Entries are:
January 31:
Debit Salaries Expense $1,500
Credit Salaries Payable $1,500
To accrue salary expense for 2 days.
February 9:
Debit Salaries Expense $5,700
Debit Salaries Payable $1,500
Credit Cash $7,200
To record the payment of salaries expense, including salaries payable.
Explanation:
a) Data and Analysis:
January 31: Salaries Expense $1,500 Salaries Payable $1,500
February 9: Salaries Expense $5,700 Salaries Payable $1,500 Cash $7,200
Answer: Option D is unemployed.
Explanation:
Option A is currently fully occupied with his education.
Option B, Janice is still in college and not fully into the labor market.
Option C, is a high school student, just looking for a part time job, not really unemployed.
Option D, is not really engaged in any job or education, so currently unemployed.
Answer:
Book value per share: 48.88
Explanation:
The book value per share is the minimun value of the company equity.
Book value per share = (Total Equity - Preferd Equity) / Total shares outstanding
Book value per share = 2,200,000 / 45,000
Book value per share = 48.88
In the numerator, we do not deduct anything from equity because there are no preferred shares. In the dividend, the outstanding shares are 45,000, because 50,000 have been issued and 5,000 are held in treasury, despite being authorized to issue 100,000 shares.
Answer:
reduced trade restrictions among Canada, Mexico and the United States.
Explanation:
The North American Free Trade Agreement reduced trade restrictions among Canada, Mexico and the United States.
The goal of The North American Free Trade Agreement was to eliminate barriers to trade and investment between the U.S., Canada and Mexico.
The implementation of NAFTA brought the immediate elimination of tariffs on more than one-half of Mexico's exports to the U.S. and more than one-third of U.S. exports to Mexico
