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ladessa [460]
3 years ago
11

Sherriane Baby Products’ salaries expense was $15.1 million. Required: What is the amount of cash Sherriane paid to employees du

ring the reporting period if its salaries payable increased by $5.7 million? Prepare a summary entry that represents the net effect of salaries expense incurred and paid during the reporting period.
Business
1 answer:
beks73 [17]3 years ago
6 0

Answer:

Summary entry is shown below

Explanation:

The preparation of the summary entry is shown below

Salary expense $15.1 million

     To Cash $9.4 million

     To Salary payable $5.7 million

(Being the salary expense is recorded)

Simply we debited the salary expense by $15.1 million as the expenses account is debited while on the other hand, the cash is paid for $9.4 million and the salary payable is credited for $5.7 million

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Answer:

b. plus any subsequent processing cost.

Explanation:

In the case of the acceptable costing method for by-products the inventory cost that are depend upon the joint cost should be distribution to the by-product plus if there is any processing cost

that means

Inventory cost of the bu-product = joint cost + processing cost

Therefore the same should be considered

5 0
2 years ago
Which of the following statements is CORRECT? Question 9 options: The AFN equation for forecasting funds requirements requires o
EastWind [94]

AFN has negative and positive sides. The correct statement is A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed.

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When the AFN value is negative, it means the action or project that is underwork will bring about extra income for the company, which can be invested in another place.

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3 0
2 years ago
Rosalie’s sales numbers have declined. The Marketing Director, Product Development Lead, and Sales Manager proceed to engage in
kykrilka [37]

Answer: environmental scanning

                     

Explanation: In simple words, environmental scanning refers to the process in which an organisation tries to gather maximum information by an event  and interpret its relationship with the external and internal environment of the entity.

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7 0
3 years ago
Heightened Homes is a real estate firm based in Texas. The company ensures that employees' pay is dependent on what they are cap
Oxana [17]

Answer: skill-based pay systems

Explanation:

3 0
3 years ago
Zhang Industries is preparing a cash budget for June. The company has $25,000 cash at the beginning of June and anticipates $95,
zepelin [54]

Answer:

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Explanation:

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Hence, the first option is correct

6 0
3 years ago
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