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Mekhanik [1.2K]

4 years ago

5

An adjusting entry for accrued expenses involves: (Select all that apply.) debit to an expense credit to an expense credit to a

liability debit to a liability debit to an asset credit to a revenue\

1 answer:

Aloiza [94]4 years ago

8 0

Answer:

Explanation:

The journal entry to record the accrued expense is shown below:

Example:

Wages expenses A/c Dr XXXXX

To wages payable A/c XXXXX

(Being the accrued expenses is recorded)

While recording the wages expenses, we debited the accrued expenses as it increases the expenses account and credited the wages payable account as the liabilities account is also increased

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The HR manager of Carl Investments, a share broking firm, has decided to arrange regular yoga classes for the employees of the f

tigry1 [53]

Answer:

collateral stress program

Explanation:

collateral stress program is program which is being implemented in organization to help employee cope with stress and anxiety.

It has been seen that long working hours, increasing workload and uncertainty in roles and responsibilities accompanies with unbalanced work life balance has been affecting physical and mental well being of employee. This reduces the productivity of employee and organization. An organization is meant to take care of employees. Hence under such circumstances. Collateral stress program is being use dot help employees.

Under this program, employees are made to learn stress management, health promoting program is conducted. Employees are given assistance of psychological expert to discuss their issues. Nowadays Yoga program is also used in organization to ensure overall being of employees.

Hence any activity and event to ensure mental and physical well-being of employee constitute collateral stress program.

Since, in the problem stated above carl investment firm is introducing yoga classes for its employee to help in mitigating their stress. It comes under the purview of collateral stress program

8 0

4 years ago

The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2020. All materi

larisa [96]

Answer:

<u>Welding Department </u>

<u>Production cost report for the month of February</u>

Inputs :

Beginning Work In Process :

Materials $18,100

Conversion costs $14,460

Added During the year :

Materials $218,685

Labor $67,100

Overhead $58,531

Total $376,876

Outputs :

Completed and Transferred Out $328,000

Units still in Process $48,076

Total $376,876

Explanation:

<u>Calculation of Equivalent Units of Production with Respect to Materials and Conversion Costs.</u>

1. Materials

Ending Work In Process (11,900 × 100%) 11,900

Units Completed and Transferred Out (54,800 × 100%) 54,800

Equivalent Units of Production with Respect to Materials 66,700

2. Conversion Costs

Ending Work In Process (11,900 × 1/5) 2,380

Units Completed and Transferred Out (54,800 × 100%) 54,800

Equivalent Units of Production with Respect to Materials 57,180

<u>Calculation of Cost per Equivalent Unit of Production with Respect to Materials and Conversion Costs.</u>

Cost per Equivalent Unit = Total Cost ÷ Total Equivalent Units

1. Materials

Cost per Equivalent Unit = ($18,100 + $218,685) ÷ 66,700

= $3.55

2. Conversion Cost

Cost per Equivalent Unit = ($14,460 + $67,100 + $58,531) ÷ 57,180

= $2.45

3. Total Cost

Total Cost = Materials + Conversion Cost

= $3.55 + $2.45

= $6.00

<u>Calculation of Total Cost of Units Completed and Transferred Out and Total Cost of Units still in Process.</u>

Completed and Transferred Out = Units Completed and Transferred Out × Total Cost

= 54,800 × $6.00

= $328,000

Units still in Process = Material Cost + Conversion Cost

= $3.55 × 11,900 + $2.45 × 2,380

= $48,076

7 0

3 years ago

Dandy's Fun Park is evaluating the purchase of a new game to be located on its Midway. It has budgeted $40,000 for this purcha

arlik [135]

Answer:

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3 years ago

Does venmo fulfill the role of a medium of exchange? Does it matter for your answer that many retail stores won't accept it in p

goldfiish [28.3K]

It should be stated right away that Venmo is not a medium of exchange in and of itself. It is nothing more than a digital payment platform. Money is still the medium of exchange.

Many retail stores don't accept Venmo as a medium of exchange because Outside of Venmo, your bank or card issuer has declined the transaction. The payment has triggered one of Venmo's automated security flags. Technical issues can range from a slow internet connection to bugs in the Venmo app. Networking issues are a common reason why a Venmo payment fails.

If your company has unusually high transaction volumes, your Venmo account may raise a red flag. Sudden bursts of activity may indicate fraudulent transactions, implying that hackers have taken over your account. Venmo may refuse payment processing until you speak with customer service and confirm the activity is legitimate. Besides Venmo there are many other digital payment platforms.

Learn more about digital payment platforms here:

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5 0

2 years ago

5. Which of the following statements is true about credits?

andriy [413]

Answer:

c) A credit to a liability account shows an increase.

7 0

3 years ago