Answer:
$593,000
Explanation:
Given data for Schneider Inc.
Salaries payable at the beginning of 2018 (end of 2017) = $61,600
Salary expense during the year (2018) = $621,400
Salary payable at end of year (2018) = $90,000
Salaries paid = ?
Let the salaries paid = S
Using the formula
Salaries payable at the beginning of 2018 + Salary expense during the year - Salaries paid = Salary payable at end of year
$61,600 + $621,400 - S = $90,000
S = $61,600 + $621,400 - $90,000
S = $593,000
Cash outflows for salaries in 2018 were $593,000.
Answer:
From the bank statement of $23000 the needs are:
- cell phone plan = $45
- rent = $400
- car insurance = $60
- Electric bill = $60
- car payment = $250
Explanation:
A need is something needed for an individual to live a fulfilling life without adverse effect. if a need is not fulfilled it can cause an adverse effect like sickness,death or it might cause a fine or penalty.
cell phone plan is an need because without a cell phone plan a cell phone user might be unable to communicate properly with his business associates and family who might not always be with him and he might be unable to pass along proper and timely information as well
Rent is necessary because housing is one of the most important needs of a man without rent plan there would be no proper housing
car insurance: insurance helps to reduce the burden of accidents on the car owner. if he fails to pay his insurance when due. if the car is caught up with eventualities of accident, the insurance company might not respond to him
Electric bill : this is a very important need as well in America. failure to pay the electric bill results to shortage of electricity and electricity is vital to everyday living.
car payment: the regular payment of car loans helps to escape the penalty of late payment hence this is a need.
Answer:
The accrued interest at December 31, 2022 amounts to $3,540
Explanation:
Accrued Interest = Amount borrowed × rate × Number of months/ 12
where
amount borrowed is $88,500
rate is 12%
= $88,500 × 12% × 4/12
= $3,540
The accrued interest for one year note is $3,540
Note: Number of months from September to December will be 4 months that is September, October, November and December.
Answer:
Letter a is correct.<u> Private-label brand.</u>
Explanation:
Private label brand occurs when a company manufactures and supplies a product to another company that only labels it with its brand.
This strategy is used by companies for a number of added benefits, such as increasing revenue streams and increasing the degree to which consumers perceive their brand. In addition to being a cheap strategy for the company, it pays the supplier for the product and not for the value of a brand added to a product. There is also greater control over the possibility of changing price, product and other variables that help gain competitive and economic advantages.
