Answer:
$1,440
Explanation:
A company pays it's employees $1800 each Friday
This amounts to $360 per day
Therefore the amount of a salaries earned but unpaid is
= 360×4
= $1,440
Answer:
The answer is Accrual-basis accounting.
Explanation:
in cash basis accounting, transactions are recorded exactly at the moment when the cash is received or paid. so there won't be any issue with receivables and payable and there won't be any clash between the accounting time period and the transactions.
But in accrual based accounting, there can be instances where the time period and the time of transaction collide. for an example, if the year ends at on Dec-31st and the payments for sales are due by then, it becomes a receivable and accounted for like that.
because of this, there could be mismatches or mistakes in the accounting process when it's done under the accrual basis.
The simple interest given the principal, time and interest rate is $1012.50.
The maturity value is $21,012.50.
<h3>What is the simple interest?</h3>
An amount earns simple interest only if the principal increases in value when interest is paid and not both the principal and the interest already accrued.
Simple interest = principal x time x interest rate
$20,000 x 9/12 x 0.0675 = $1012.50
Maturity value = $1012.50 + $20,000 = $21,012.50
To learn more about interest, please check: brainly.com/question/26164549
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