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Aleks04 [339]
3 years ago
12

At the end of the accounting period on December 31, 2022, Rose Industries records wages payable of $42,500. For the same account

ing period, Romero Industries does not need to record wages payable. Why?
Business
1 answer:
prohojiy [21]3 years ago
8 0

Answer:

Accrual basis of accounting requires all income (earned and unearned), expenses (incurred and not incurred) be recorded.

If for Rose Industrie's payday comes before the end of the accounting period, it is required that the accrued wages from the payday till end of accounting period be presented. So for example if the payday is 7 days before December 31, 2022, the accrued wages from those 7 days will be recorded in the Wages Payable account.

In the case of Romero industries, if the payday falls on December 31, 2022, they will not be expected to report Wages Payable as the company has not accrued any wages as at that date

Explanation:

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Suppose that in the fictional country of Albireo the work-eligible population is 180 million, there are 110 million workers in t
maksim [4K]

Answer:

6.36 %

Explanation:

Unemployment means the state of being jobless but actively searching for work.  Unemployed people are part of the labor force.

In the case of Albireo, the work-eligible population is 180 million.

There are 110 million workers in the labor force, and employment level is 103 million. It means that those in the labor force and are not employed are 110 million - 103 million.

The number of unemployed people  = 7 million

The formula for calculating the rate of unemployment

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The recency effect happens when robust points are made on the quit of a message and are considered the most persuasive.

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3 years ago
Assume the following information:
omeli [17]

Answer:

Total product cost= $181,000

Explanation:

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3 years ago
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