Answer:
vacation wages expense 172,800 debit
vacation wages payable 172,800 credit
--year-end adjusting entry for vacation cost--
Explanation:
The company will declare a liability for the expected amount. As the current year wages generate benefit to his employees for 172,800. These benefit are an obligation to the company to pay holidays in the following months.
To match the expenses with the time they are generate we also need to declare the vacation expense
Answer:
290,750
Explanation:
Weighted Average shares as at September 30,2022 300,000*9/12=225,000
Weighted Average share as at 31 December 2022 (300,000-37,000)*3/12=65,750
Total Weighted Average Shares to be used in basic EPS computation =225,000+65,750=290,750
Answer:
c. Devil's advocate procedure
Explanation:
Based on the scenario being described within the question it can be said that this procedure is an example of the devil's advocacy procedure. This is a technique where an individual within the specific group is allowed to become the critic in the proposed decision. This individual is in charge of pointing out all the weak points and going against the decision itself.
Answer:
Thrifts role have decreased whereas, mortgage and commercial banks roles have increased.
Explanation:
In simple words, Credit unions and cooperative savings banks are examples of thrifts that offer a multitude of deposits and lending services. Thrifts are different from conventional institutions in that organizations may draw money through the Federal Home Loan Bank Network, allowing them to charge greater interest to its members.
The ease of doing business and less documentation with commercial banks promoted their growth.
I think the FIRST answer is North because then it goes to the MidWest.
