1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergij07 [2.7K]
3 years ago
7

By the end of the accounting period, employees have earned salaries of $650, but they will not be paid until the following pay p

eriod. Demonstrate the required adjusting entry by completing the following sentence. The required adjusting entry would be to debit the Salarie
Business
1 answer:
pav-90 [236]3 years ago
5 0

Answer:

The required adjusting entry would be to debit the Salaries expense account $650 and credit the accrued salaries account $650.

Explanation:

When an expense is incurred but yet to be settled in accrual accounting, the expense has to be recognized in the period in which it is incurred by debiting the expense account and crediting the accrued expense ( a liability) account with the amount incurred.

You might be interested in
What are companies doing to respond effectively to increasing segmentation of the marketplace? Following a traditional sales mod
N76 [4]

Answer: The answer is C. Using more narrowly targeted marketing messages.

Explanation: Market Segmentation is basically the act of dividing a large market into smaller groups, which can now easily be targeted and serviced.

In an increasingly segmented marketplace, the best option for companies it so make sure that they tailor their marketing messages to the segmented market chunk.

Basically, in order for companies to retain the loyalty of their market segment, or to get new customers, they have to make sure that their marketing messages are more narrowed and specific, in order to hold the attention of their target audience.

Using more narrowly targeted marketing messages will guarantee that the target market gets the message clearly and prompt them to patronize the company.

7 0
3 years ago
An income statement reports the revenues earned minus expenses incurred by a business over a period of time.
Alex

Answer:

True

Explanation:

This is an income statement. Ex: Rent expenses, salaries expense, total revenues, etc.

7 0
3 years ago
Read 2 more answers
Suppose that demand for a product is Q = 1200 − 4P and supply is Q = −240 + 2P. Furthermore, suppose that the marginal external
eimsori [14]

Answer: 16 units more than social optimum.

DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96

Explanation:

Q=1200 - 4P and Q=-240 + 2P

In a free market quantity demand =quantity supplied

1200 -4P = -240 +2P

P =240

Sub P

Q* = 240

Socially optimal quantity is

Marginal social benefit (MSC)= marginal social cost(MSC), including external damage =MEC

MPC= marginal private cost =inverse of supply function

MPC = (1/2)*Q + 120

MEC=12

MSC =(MPC +MEC) = (1/2)Q +120 +12

MSC= MPB where MPB is marginal private benefit = inverse of demand functn

MPB = 300 -(1/4)Q

(1/2)Q + 132 =300 - (1/4)Q

Q° = 224

Difference btw Q* & Q° = 16 units more than social optimum.

DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96

4 0
3 years ago
What does O + A + C = K stand for and mean in the legal "Formula" for contracts?<br> please helpppp
Drupady [299]

Answer:

O Stands for offer , A stands for acceptance , C stands for consideration , K stands for contract . An offer requirement, a contract and acceptance have it’s own thing.

Explanation:

7 0
2 years ago
Determine the ending inventory under the conventional retail method for the furniture department of Mayron Department Stores fro
Alisiya [41]

Answer:

$199,541.51

Explanation:

5 0
3 years ago
Other questions:
  • Bobby consumes only chocolate and vanilla ice cream and he is spending all of his income. For the last scoop of chocolate and va
    9·1 answer
  • Two products, QI and VH, emerge from a joint process. Product QI has been allocated $19,300 of the total joint costs of $40,000.
    14·2 answers
  • Billy’s Exterminators, Inc., has sales of $592,000, costs of $284,000, depreciation expense of $36,000, interest expense of $28,
    8·1 answer
  • Net income for the year for Tanizaki, Inc. was $750,000, but the statement of cash flows reports that net cash provided by opera
    9·1 answer
  • "A ________ is a characteristic providing a legitimate reason why an employer can exclude persons on otherwise illegal bases of
    6·1 answer
  • Laser World's income statement reported total revenues of $860,000 and total expenses (including $40,500 depreciation) of $740,0
    11·1 answer
  • At August 31, Kingbird, Inc. has a cash balance per books of $8,320 and the following additional data from the bank statement: c
    14·1 answer
  • Informal groups: Group of answer choices exist primarily for the benefit of their members. perform routine organizational goals.
    11·1 answer
  • Babuca Corporation has provided the following production and total cost data for two levels of monthly production volume. The co
    13·1 answer
  • The Willie Company has provided the following information: Operating expenses were $345,000; Income from operations was $415,000
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!