Answer:
b. Salaries and Wages Expense 400 Salaries and Wages Payable 400
Explanation:
The expense shall be recognized in the accounts of Colleen's employer at September 30, in respect of the salary earned by Colleen Mooney for the last week of September.
The following adjusting entry shall be recorded in Colleen's employer accounts:
Debit Credit
Salaries and Wages Expense 400
Salaries and Wages Payable 400
Based on above journal entry, the answer shall be b. Salaries and Wages Expense 400 Salaries and Wages Payable 400
deferral is the answer.
A deferral in accrual accounting is an account on which income or expenses are recorded at a later date. Pensions, surcharges, taxes, income, etc. Accruals and deferrals can be viewed as either assets or liabilities, depending on the type of accrual. See also boundaries.
deferral means money paid or received before the product or service is offered. Here is an example of postponement: Insurance fee. Subscription-based services (newspapers, magazines, TV shows, etc.) Prepaid rental.
deferral is a payment made in one accounting period but not reported until the next accounting period. For example, if you made a payment at the end of the year but did not report until the new year, this will be postponed.
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Answer:
The answer is True.
Explanation:
Because, then new firms will enter in the long run causing market supply to decrease, market price to fall , and profits to decrease.
Jacob is an example of a conformist follower. These kind of
followers are also known as the yes people. The explanation behind this is a conformist contributes
enthusiastically in a relationship with the boss but doesn't use critical
thinking abilities. In other words, a conformist naturally transmits out any
and all orders notwithstanding of the environment of the demand. The conformist
contributes willingly, but without seeing the costs of what he or she is being requested
to do. A conformist is worried only with evading conflict.
Answer:
1. estimate the quantity of raw materials to be purchased.
2. ending raw materials inventory for the last period.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
1. The purpose of preparing a direct materials budget is to estimate the quantity of raw materials to be purchased. This includes the raw materials that would be used for the manufacturing of finished goods.
2. In a direct materials budget, the desired ending raw materials inventory for the year is equal to the ending raw materials inventory for the last period.
