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Leya [2.2K]
3 years ago
10

A journal entry includes a debit to Salaries and Wages Expense of $5,000; a debit to Salaries and Wages Payable of $3,000; and a

credit to Cash for $8,000. Which explains this entry?
Business
1 answer:
riadik2000 [5.3K]3 years ago
4 0

Answer: The entry is a reflection cash payment of $8000 which is a reduction of liabilites of $3000 on salaries payable and an expense of $5000 incurred on salaries.

Explanation: The transaction coud be a typical scenario of a payment for salaries previously due provided for while also paying for the presently incurred salaries expense.

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hram777 [196]

Answer:

A. Consumers will be more likely to buy luxury goods in foreign markets.

4 0
2 years ago
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A random experiment with three outcomes has been repeated 50 times, and it was learned that E1 occurred 20 times, E2 occurred 13
enot [183]

Answer:

P(E1)=\frac{20}{50}=0.4

P(E2)=\frac{13}{50}=0.26

P(E3)=\frac{13}{50}=0.34

I used the relative frequency method

Explanation:

To solve this question we can use the relative frequency to find out each probability. The relative frequency is the ratio of the occurrence of each event and the total number of outcomes.

Here the experiment has been repeated 50 times, so that is the total number of outcomes and the denominator. There are 3 possible events E1, E2, and E3, so we can calculate the ratios to get the probabilities

Event E1 occurred 20 times of the 50: P(E1)=\frac{20}{50}

Event E2 occurred 13 times of the 50: P(E2)=\frac{13}{50}

Event E3 occurred 17 times of the 50: P(E3)=\frac{17}{50}

8 0
3 years ago
Assume University Athletic Pharoah Club sells T-shirts for $30 and anticipates selling 6,700 shirts during football season. The
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The preparation of the University Athletic Pharaoh Club's Income Statement in the contribution margin format is as follows:

University Athletic Pharaoh Club

<h3>Income Statement</h3>

For the football season

Sales Revenue                $201,000

Variable cost of sales        155,574

Contribution margin       $45,426

Fixed Costs:

Selling and administrative 33,526

Net Income                       $11,900

<h3>Data and Calculations:</h3>

Sales revenue = $201,000 ($30 x 6,700)

Cost of sales = $155,574 ($23.22 x 6,700)

Fixed Costs = $35,000

Sales commission = $1,474 ($0.22 x 6,700)

Remaining fixed costs = $33,526

Thus, the income statement of University Athletic Pharaoh Club for the football season shows a net income of $11,900.

Learn more about Contribution-Margin Income Statement at brainly.com/question/24962994

#SPJ1

3 0
2 years ago
The following are all disadvantages of SWOT analyses, EXCEPT: a. Critics of SWOT analysis argue that it is too simplistic and do
serious [3.7K]

Answer: Option (C)

Explanation:

SWOT analysis is defined as or referred to as a strategic planning process that is used in order to help an individual or a company identify the strengths,  opportunities, weaknesses, and threats that are related to their business competition or the project they are planning. It is mostly intended in order to  specify objectives of a business project or venture and thus identify external and internal factors which are unfavorable and favorable in order to achieve these objectives.

8 0
3 years ago
Thomas's writing a report for his advertising class to analyze corporate campaigns and ad slogans. To compile his report, he nee
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Answer:

b)

Explanation:

Based on the scenario being described within the question it can be said that the most efficient fix for this error would be to use Find and Replace. This is a feature that allows you to type the error that you made, and the console will find every instance of that error throughout the entire document and change each iteration to whatever you want.

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