Answer:
C) debit Salary Expense, $16,440; credit Salaries Payable, $16,440
Explanation:
The adjusting entry is as follows
Salaries expense Dr $16,440
To Salaries payable $16,440
(Being the salary expense is recorded)
The computation is shown below:
= $41,100 × 2 days ÷ 5 days
= $16,440
While recording this we debited the salaries expense and credited the salary payable as it increased the expenses and liabilities account
Answer: 2.0 and 16%
Explanation:
The degree of operating leverage and the expected percent change in income, will be calculated thus:
Operating leverage will be:
= Contribution margin / Net operating income
= 49200 / 24600
= 2
Then, percentage change in income will be:
= %change in sale × operating leverage
= 8% × 2
= 16%
Answer: Government
Explanation:
Classical theory of economics states that the economy is self regulated and operates at full employment. It states that the economy is fully capable of achieving real GDP output when employment is full. It assumes that there is neither government nor international trade involved with the economy.
Answer:
a) true
Explanation:
This is true because, increasing the price of the product sold by an organisation directly lead to the reduction of the operating cost of the said organization, all other things being equal. <em>For example, a glass manufacturing company increasing the selling price per unit glass from $40 to $90 will definitely lead to operating cost reduction.</em>
<u>Full question:</u>
The producers of a new movie decide that they want three Jeep Cherokees for the main characters (Huey, Dewey, and Louie) to drive. After negotiating with Jeep, they decide that Jeep will donate the three vehicles to the movie producers in exchange for the ability to use Huey, Dewey, and Louie in their next commercial. This approach to product placement is known as:
A. Sponsorship
B. Reciprocal
C. Personal Selling
D. Barter
<u>Answer:</u>
This approach to product placement is known as:Reciprocal
<u>Explanation:</u>
Reciprocal marketing defines a condition in which two businesses support each other to obtain a bilateral benefit. Reciprocal marketing transpires when companies accept to barter each others' goods or services or when a firm does something "free" for clients and a portion of these consumers reciprocate by purchasing from that company.
An essential and frequently employed reciprocal marketing method that is marketing to the client preferably than business to business are free propositions. The means this acts is that your business contributes to a "freebie" to inherent buyers.
