Answer:
The journal entry to record accrued salaries would include a credit to salaries payable of $364500.
Explanation:
Salaries payable = 500000 - (500000*6%) - (500000*1.5%) - 98000
= $364500
Therefore, The journal entry to record accrued salaries would include a credit to salaries payable of $364500.
Investments, Savings, and Expenses are the three basic strategies, which can help a person take better and efficient financial decisions on a personal level.
<h3>What are better financial decisions?</h3>
- The strategies to choose the investments in different assets and debt classes will enable a person to increase his chances of gaining better financial returns.
- The amount of money, a person decides to save for any future requirements will help him out of the financial crises that may take place in his life.
- The strategy on where to spend and where not to spend will help a person have more disposable income to fulfill the financial needs in the future.
Hence, the strategies for taking better financial decisions are as aforementioned.
Learn more about financial decision here:
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I’m pretty sure that it is A. Cost of Goods Sold!
Answer:
$12,000
Explanation:
Take 20 pieces $20 average price per piece 30 days
= $12,000 expected sales for the month
Answer:
True
Explanation:
When machine is purchased, then the assets increase by the carrying or purchase value of the machine purchased. Here, it is of $1 million.
Further, when it is purchased as against any credit, it creates a liability with the same amount.
Since here also the liability amount = $1 million, it will be recorded with the same.
As there is no involvement of Equity or Retained earnings this do not lay any impact on carrying value of owners equity.
Thus, it is True.
