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
Eddi Din [679]
2 years ago
8

A company's weekly payroll amounts to $50,000 and payday for the week is every friday. employees work five days per week, monday

through friday. the appropriate journal entry was recorded at the end of the accounting period, monday, march 31, 2016. what amount is wages expense for april for the payday, friday, april, 4, 2016?
Business
1 answer:
salantis [7]2 years ago
7 0

The total payroll amount is $50,000 per week.

Since there are only 5 work days per week (Monday to Friday), therefore the employees wage per day is:

Employees wage per day = $50,000 / 5 = $10,000

For the payday on April 4, the wages expense covered for this would be from April 1 to April 4 since the accounting period ended on March 31. Therefore wages expense in the journal entry would be calculated using 4 days.

Wages expense for April for the payday April 4 = Employees wage per day * Number of days

Wages expense for April for the payday April 4 = $10,000 * 4

<span>Wages expense for April for the payday April 4 = $40,000</span>

You might be interested in
Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:
Phantasy [73]
4000*.05=200  so 200 is ur interest       4000+200=$4200
3 0
3 years ago
1. What is the Law of Demand?
Ivanshal [37]

ok ok poko kdwkdwExplanation:

3 0
3 years ago
Nicole owns a small organic spice company called RaisaSpice and was looking for a new product to add to her company's line. A fr
DENIUS [597]

Answer:

Market Testing Stage

Explanation:

This was a new venture for Nicole. She wanted to try something new for the first time as compared to the normal business routine she had. So, she took the advice of her friend and combined spices after which, she distributed a first batch to grocery stores in Portland Seattle. She did this to test her product, to see how well customers would take this innovation. The feedback gained from the grocery stores she supplied to will be a determinant if she should continue mass production or not. That point is what we call Market testing stage.

6 0
3 years ago
When profit-maximizing firms in competitive markets are earning profits, market demand must exceed market supply at the market e
ella [17]
The correct answer is " new firms will enter the market"
4 0
3 years ago
A warewashing machine and/or the compartments of sinks/basins must be cleaned:
Stolb23 [73]
On a day to day bases, as well with non harmful cleanser
5 0
3 years ago
Other questions:
  • Suppose you deposit $125 into an account at the end of every month. If the account earns 6% interest, compounded monthly, how lo
    10·1 answer
  • What are two advantages of highly marketable items? a) They wear out quickly and need to be replaced often b) They always have a
    6·1 answer
  • What is the key assumption for the single-server queue model?
    11·1 answer
  • What is the basic difference between additive manufacturing and rapid prototyping?
    14·1 answer
  • The strategic performance evaluation does not monitor the activities of external sources of marketing assistance.
    15·1 answer
  • A company purchased a tract of land for its natural resources at a cost of $1,000,000.
    6·1 answer
  • Transactions Falcon's Related Account 1. Falcon purchases common stock of Wildcat. Investment2. Falcon borrows from Wildcat by s
    10·1 answer
  • Self-management is about (1) knowing who you are and what you want to accomplish in your life, and (2) making these things happe
    13·1 answer
  • Arrow Printers paid $2,000 interest on short-term notes payable, $10,000 interest on long-term bonds, and $6,000 in dividends on
    13·1 answer
  • 32. Peter must decide if he should add one more dog to his dog-walking business. What is this decision an
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!