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cluponka [151]
3 years ago
11

Problem Page Watson Company's employees earn $290 per day and are paid on Friday for a five-day work week. This year, December 3

1 is a Thursday. If the appropriate adjusting entry is not made at the end of the year, what will be the effect on: (a) Income statement accounts (overstated, understated, or no effect)? (b) Net income (overstated, understated, or no effect)? (c) Balance sheet accounts (overstated, understated, or no effect)?
Business
1 answer:
vredina [299]3 years ago
5 0

Answer:

<u>inocme statment:</u>

wages expense: understate

<u>net income</u> overstate

<u>blanace sheet</u>

wages payable: understate

Retained Earnings: overstate

Explanation:

If the adjusting entry is not made, then the expenses will be lower than it should.

Thereofre the net income will be overstate as there are more expenses but weren't recorded.

the balance sheet will not represent accurate the liabilities as there is wages payable which are not recorded.

also, in the blaance sheet the Retained Earnings account will be overstate as it include the net income which is overstate.

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2 years ago
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​Murphy, Inc. prepaid $ 3 comma 600$3,600 on October​ 1, 2018 for a oneminus−year insurance premium. Coverage begins October 1.
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Answer:

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Explanation:

Prepaid               3600 balance  

October 31         300 3300  

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3 years ago
In jury trials, jeopardy attaches when the
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3 years ago
Ottercut Tech, a software start-up, is putting together a new team to work on the marketing strategies for their expansion proje
ELEN [110]

Answer:

The answer is: A) Jamie is very organized; Stella is very cooperative.

Explanation:

The Big 5 personality traits is a model used by psychologists to try to describe a person´s personality and how it affects their working behavior.

The five traits (or factors) used in this model are:

  1. Openness: is a person curious or cautious
  2. Conscientiousness: is a person organized or careless
  3. Extroversion: is a person outgoing or prefers solitude
  4. Agreeableness: is he friendly or takes little interest on others
  5. Neuroticism: is a person emotionally unstable or secure

If you follow through this model, Jamie and Stella would be the best possible candidates for a software start-up. They show high conscientiousness, extroversion and agreeableness.

No one has all the right possible combinations of good personality traits, but with this model you try to avoid problems and facilitate team work.

7 0
3 years ago
Below are five explanations for differences in compensation: winner-take-all (WTA), human capital (HC), occupational crowding (O
Hoochie [10]

Answer:

See explanation

Explanation:

1. The average base pay for a UPS driver is $27.83 an hour, whereas the average base pay for a FedEx driver is $22.83 per hour. = Efficiency wages (EW)

Efficiency wages refers to the above-market wages that are paid by employers so as to motivate their employees and improve productivity.

2. An attractive waitress earns more tips than do others. = Human capital (HC)

Human capital refers to the stock of knowledge, habits, skills and personality attributes that are embodied in individuals which make them produce economic value

3. An engineer working on an offshore oil- drilling rig earns $100,000. An engineer working at an onshore oil drilling location earns $70,000

= Location and lifestyle

Some jobs involves more risk than other jobs. In this case, an onshore project will be paid less than offshore workers.

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7 0
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