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
Aleks04 [339]
4 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]4 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:

You might be interested in
Which of the following is NOT a
GalinKa [24]

Explanation:

Win-win approach to reward

allocations

5 0
3 years ago
Assume a $1,000 face value bond has a coupon rate of 8.5 percent, pays interest semi-annually, and has an eight-year life. If in
fomenos

Answer:

Explanation:

In order to calculate he present value or worth of this bond we woulñd have to make the following calculations:

Face value (FV) $  1,000.00

Coupon rate 8.50%

Number of compounding periods per year 2

Interest per period (PMT) $ 42.50

Number of years to maturity 8

Number of compounding periods till maturity (NPER) 16

Market rate of return/Required rate of return per period (RATE) 5.00%

Therefore, Bond price= PV(RATE,NPER,PMT,FV)*-1

Bond present worth=$918.72

The present value or worth of this bond is $918.72

5 0
3 years ago
Dysfunctional conflict is ______ for the organization.
Ksju [112]

Answer:

Explanation:

bad

4 0
1 year ago
Robert Company is considering buying an input to its main product from an outside supplier, rather than producing the input itse
Inessa05 [86]

When considering this decision, Robert Co. managers should: Include the $22,000 as cost of making the input.

<h3>Buying or producing an input</h3>

Based on the given scenario the company should include the amount of $22,000 the as cost of making the input.

Including the $22,000 as both the cost price of producing or making the input as well as the benefit the company will derived assuming the company purchase the input from an outsider supplier is the best decision that Robert Co. managers should do.

Inconclusion when considering this decision, Robert Co. managers should: Include the $22,000 as cost of making the input.

Learn more about buying or producing an input here:brainly.com/question/3964664

8 0
2 years ago
A partial listing of costs incurred during december at rooks corporation appears below: factory supplies $7,000 administrative w
Eva8 [605]

To solve add up all of the product costs which include, factory supplies, administrative wages and salaries, direct materials and sales staff salaries.

$7,000 + $92,000 + $176,000 + $32,000 = $307,000

6 0
3 years ago
Other questions:
  • _____ refers to management of the network of facilities and people that obtain materials from the outside, transform them into p
    7·1 answer
  • What is 4 5/6 minus 5/6 minus 1 1/2 minus 2/3
    8·1 answer
  • Present valuelong dash—Mixed streams   Consider the mixed streams of cash flows shown in the following​ table,
    13·1 answer
  • When the holder (owner) of an index option exercises the contract, the account of the holder will be A) debited the out-of-the m
    10·1 answer
  • Identify a true statement about team norms.
    9·1 answer
  • Identify which control activity is violated in each of the following situations, and explain how the situation creates an opport
    5·1 answer
  • Channing Corporation makes two products (A1 and B2) that require direct materials, direct labor, and overhead. The following dat
    13·1 answer
  • Assume the sales mix consists of three units of Product A and one unit of Product B. If the sales mix shifts to four units of Pr
    12·1 answer
  • 1. Jupiter Explorers has $9,000 in sales. The profit margin is 5 percent. There are 6,300 shares of stock outstanding, with a pr
    6·1 answer
  • Please help me. I really need it by today <br> and dont get me a link
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!