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Answer:
D. credit Wages Payable for $2,880.
Explanation:
-First we calculate the cost per employee per day
$15 per hour * 8 hours/day = $120 per day per employee
-Then we calculate the daily cost in wages
8 employees x $120 = $960 per day
-Then we <em>accrue</em> wages until the end of the month (Monday, Tuesday and Wednesday)
Daily cost $960
Days worked till the month ends 3
Accrued expense $2,880
<em><u>Journal entry:
</u></em>
Debit Credit
Wages expense $2,880
Wages Payable $2,880
Answer:
If a firm has a debt ratio of 54%, then the firm's debt to equity ratio is 117%
Explanation:
The Debt Ratio is obtained dividing Liabilities / Assets. Then, a result of 54% means that 54% of the asset is composed by liabilities.
<u>Liabilities</u><u> 54 </u>
Assets 100
Debt Ratio= 54%
By the general accounting formula we know that
Assets= Liabilities+Equity. Then,
Assets(100)=Liabilities(54)+Equity(46)
If the Debt to equity ratio is calculated by the division of liabilities/Equity- Then:
<u>Liabilities 54</u>
Equity 46
Debt to Equity Ratio = 117%
This means that for 1 dollar on the Equity the company has 1 dollar plus 17% or 17 cents on the Liabilities.
Answer:
D) will be cancelled if not immediately executed at the stated price or better.
Explanation:
A Fill-Or-Kill order can be regarded as
an order that is been made in order
to buy/sell a stock and it must be executed in entirety and immediately. If not executed immediately the order might be cancelled since partial Execution is not part of the process of Fill-Or-Kill order. It should be noted that A fillorkill order will be cancelled if not immediately executed at the stated price or better.
Answer:
a. Informally
Explanation:
Most routine writing tasks, such as composing e-mail messages or informational reports, require information that you can collect informally. Informal information can be collected with the help of your observation, experience and exposure with different situations and circumstances. This information can be collected from informal platforms which can be different blogs, letters, social media posts, social media videos, Vlogs and podcasts etc.
The correct answer is D) environmental forces.
The sales department of a consumer products organization realized that its rivals were adopting new customer relationship management software to keep better track of their prospects. The director of the sales department decided it would also purchase the CRM software to keep up with its rivals. This is an example of environmental forces affecting business buying behavior.
The environmental factors within an organization are technological, cultural, social, economic, demographic, operational, legal or political factors. They could be internal or external. These factors affect buying decisions of the company and that is why the director of the sales department wants to buy the CRM software to compete with its rivals and maintain good customer relationships.
The other options of the question were A) consumer forces, B) individual forces, and D) organizational forces.
