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Ipatiy [6.2K]
3 years ago
15

On December 31, 2018, employees who earn $500 per day have worked eight days and will be paid on January 6, 2019. The adjusting

entry on December 31, 2018, includes a debit to Salaries Expense for $4,000.a. Trueb. False
Business
1 answer:
mezya [45]3 years ago
3 0

Answer:

True

Explanation:

Salaries for these eight days represent an accrued expense and a related liability to the firm.

Expense Salaries and Wages Expense is increased = $4,000

Liability account Salaries and Wages Payable is increased = $4,000.

The adjusting entries are as follows:

Debits increase expenses and at the same time Credits increase liabilities:

Salaries Expense A/c  Dr. $4,000

                  To Salaries Payable      $4,000

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a consumer faces a tradeoff between labor (????) and leisure (????). she consumes a composite good (????). when the consumer wor
disa [49]

Trade-off

A trade-off is a situational decision in which one quality, quantity, or feature of a set or design is reduced or lost in exchange for gains in other areas. A tradeoff occurs when one thing increases while another must decline.

What is consumer's real wage?

Real earnings are salaries that have been factoring in inflation, or wages in perspective of the amount of services and goods that may be purchased.

Main Content

$606

Given the answers to the question, the complete or implicit income of the consumer would be determined as follows:

When the customer works, she earns an hourly wage of $17.00, therefore when she works for 24 hours, she will earn:

=$17\times24

=$408

Also, when the customer  sells all the 17 units of the composite good, she will earn:

=$11\times18

=$198

Therefore, the customer's full income would be:

=$408+$198

=$606

To learn more about Trade-off

brainly.com/question/7072776

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6 0
2 years ago
g "The cost of salaries paid to employees who work in a factory maintaining the heating system is considered:"
Doss [256]

Answer:

Factory overhead

Explanation:

FACTORY OVERHEAD can be defined as the costs which are often incurred during the manufacturing process and they don't include the costs of direct labor and the costs of direct materials which is why FACTORY OVERHEAD are often aggregated into the cost pools as well as been allocated to units produced during the manufacturing period.

In order word FACTORY OVERHEAD can be seen as the total cost which is been involved in operating all of the production facilities of a manufacturing business in which they cannot be traceable directly to a product and it also include the cost of salaries which is been paid to employees who work in a factory .

6 0
3 years ago
A pay policy lineA. shows the mathematical relationship between the minimum pay and the maximum pay in an organization.B. can be
schepotkina [342]

Answer: (E)

A pay policy line "reflects the pay structure in the market, which always matches rates in the organization."

Explanation:

A company will usually consider the the general pay structure of its market while setting its own pay level. This helps prevent the company from overpaying or underpaying its employees.

This pay level the company sets its pay at, is called a pay policy line.

4 0
3 years ago
Resorts Corp. common stock is selling for $36.75 a share and has a dividend yield of 2.3 percent. What is the dividend amount?
7nadin3 [17]

Answer:

Annual Dividend Amount is approximately $0.85

Explanation:

Dividend yield = Annual Dividend Amount / Current selling price

∴ Dividend yield * Current selling price = Annual Dividend Amount

Annual Dividend Amount = $36.75 * 2.3%

                                          =$36.75 * 0.023

                                          =$0.84525‬

Annual Dividend Amount = $0.85 (approximately)

8 0
3 years ago
Read 2 more answers
Loan x has a principal of $10,000x and a yearly simple interest rate of 4%. Loan y has a principal of $10,000y and a yearly simp
Ganezh [65]

Answer:

X = 32

Y = 96

Explanation:

Z = 5%

Z = (0.04X + 0.08Y) / (X + Y)

we can substitute Z:

0.05 = (0.04X + 0.08Y) / (X + Y)

0.05 (X + Y) = 0.04X + 0.08Y

0.05X + 0.05Y = 0.04X + 0.08Y

0.01X = 0.03Y

X = 0.03Y / 0.01 = 3Y

This means that we must choose one value for Y that divided by 3 equals another option:

the only possibility that fits the equation is:

  • X = 32
  • Y = 96
4 0
4 years ago
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