Answer:
The correct answer is D
Explanation:
The journal entry to be recorded for the salary is as:
Salary expense A/c...........................Dr $12,000
Salary Payable A/c...........................Cr $12,000
Being the salary which is paid weekly, become accrued
Working Note:
Single day amount = Weekly payment / Number of days
= $30,000 / 5
= $6,000 per day
So, computing for 2 days (Monday and Tuesday) salary as:
Amount = Per day salary × Number of days
= $6,000 × 2
= $12,000
Answer:
personal care service workers because they know what they are doing and are good
The amount of total equity $92,000
<h3>What is equity?</h3>
Equity is the value left in a company's position, after deducting total liabilities from its total assets.
Equity is computed as :
= Assets - Liabilities
Assets = $23,000 + $57,000 + $36,000
Assets = $116,000
Liabilities = $24,000
Equity = $116,000 - $24,000
Equity = $92,000
Therefore, the amount of total equity is $92,000
Read more here about total equity : brainly.com/question/14032844
Answer:
C$24,650
Explanation:
initial cost C$828,000
net cash flows for years 1, 2 and 3 C$355,000
discount rate 12%
the net present value in C$ = C$355,000/1.12 + C$355,000/1.12² + C$355,000/1.12³ - C$828,000 = C$316,964 + C$283,004 + C$252,682 - C$828,000 = C$24,650
Since we are asked to determine the NPV in Canadian dollars, all we need to do is carry out the same calculations as if they were any other currency. We do not need to make any adjustments due to the exchange rate between US dollars and Canadian dollars.
Answer:
The correct option is C
Explanation:
Closed end fund is the fund which is of pooled assets and increases or raise the fixed amount of capital by the procedure of IPO (stands for Initial Public Offering) and then the shares are listed for the purpose of trade on the stock exchange.
When the investors wish to liquidate (means cash), the holdings in fund which is closed end, might sell the shares on the secondary market or open market.