Answer:
$162,600
Explanation:
Given that,
Overtime pay earned in the 2-week period ended 12/26/20 = $24,000
Recurring biweekly salaries = $462,000
Liability for accrued salaries:
= Overtime pay earned in the 2-week period + [(Total recurring biweekly salaries ÷ 10) × 3]
= $24,000 + [($462,000 ÷ 10) × 3]
= $24,000 + $138,600
= $162,600
Answer:
c. a long-term liability.
Explanation:
Short term liabilities are those liabilities which need to be paid within one year time and Long term liabilities are those liabilities which need to be paid after one year time.
In this question on December 31, Howard Corporation need to pay the principal in 19 years from now, as it it a long period, so amount of principal will be classified as a long-term liability.
Answer:
The correct answer is letter "C": Financial capital markets; suppliers; demanders.
Explanation:
Financial capital markets channel savings and investments from capital providers -such as retail investors and institutional investors-to capital consumers such as companies, governments, and individuals. They do so by the sale of financial assets, such as equity and debt securities.
Answer:
Mexico
Explanation:
The history of the churro is the subject of much debate. Three countries claim ownership of the snack: Spain, China, and Portugal.
Answer:
The private savings as a share of the GDP must have declined.
Explanation:
according to the twin deficit hypothesis:
budget deficit = savings + trade deficit - investments
the government deficit as a share of GDP declined and investment as a share of GDP remained constant that means that the savings should decline.