Answer:
c. A debit to Salaries Payable and a credit to Cash.
Explanation:
As on December 31, entry to record the expense of Salaries which is accrued and not paid is
Salary A/c Dr.
To Salaries Payable
Now on the closing date, of previous year there is a liability outstanding of Salary Payable.
In the next year on 5th January the salary outstanding in opening balance sheet is paid.
For this, the payment will be made and accordingly, cash will be reduced.
Accordingly liability will be reduced for this, liability will be debited.
Therefore, correct option is
c. A debit to Salaries Payable and a credit to Cash.
Answer:
d. the supply of financial capital comes from savings, and the demand goes to making loans.
Explanation:
Capital markets refer to the areas where deposits and investment are transferred between the capital providers and others in need of capital. Capital markets consist of the main market, where new shares are released and exchanged, and the secondary market, where already issued securities are exchanged by investors.
Answer:
The correct answer is The covenant of warranty.
Explanation:
It is said that in this type of pact a public and peaceful possession must be written, which can be exercised so that it can be known by society. The possession of the property must be declared as continuous (that is, there can be no claim by the owner or the property is lost), and must be exercised as the legitimate owner before third parties.
Answer:
option (D) $1,000
Explanation:
Data provided in the question:
Sales when 10 prefabricated garages per week are sold = $10,000 each
Sales when 9 prefabricated garages per week are sold = $11,000 each
Now,
Marginal revenue is given as Change in revenue with 1 unit change in production
Thus,
Marginal revenue = ( $10,000 × 10 ) - ( $11,000 × 9 )
= $100,000 - $99,000
= $1,000
Hence,
The answer is option (D) $1,000
