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kogti [31]
3 years ago
11

Total weekly salaries expense for all employees is $10,000. This amount is paid at the end of the day on Friday of each five-day

workweek. April 30 falls on a Tuesday, which means that the employees had worked two days since the last payday. The next payday is May 3. Prepare the required adjusting entry, if any.
Business
1 answer:
larisa86 [58]3 years ago
3 0

Answer:Please see answer in explanation column

Explanation:

A) Journal to record accrued salaries on April 30, which is a pay day

Date             Accounts                       Debit                      Credit

April 30    Salaries expense             $4000  

                Salaries Payable                                               $4,000

Calculation:

salaries expense = Principal amount x period  (which fell on tuesday)

= 10,000 x 2/5 = $4,000

b) Journal to record accrued salaries on April 30 and current salaries on May 3

Date             Accounts                       Debit                      Credit

May 3    Salaries      Payable        $4000  

                Salaries expense           $6,000

                   Cash                                                               $10,000

Calculation:

salaries expense = Principal amount x period(remaining 3 day work period)

= 10,000 x 3/5 = $6,000

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Answer:

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First we do the annuity:

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C  24.25  (1,000 face value x 4.85 bond rate / 2 )

time  24.00 (12 year 2 payment a year)

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24.25 \times \frac{1-(1+0.0485)^{-24} }{0.0485} = PV\\

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Then present value of the maturity

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rate   0.04850

\frac{1000}{(1 + 0.0485)^{24} } = PV  

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Finally we add them together:

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rounding to nearest dollar

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How do I know if I have enough money to buy a Kate spade bag?
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Rick is considering the following alternatives for investing in D Industries, which is now selling for $44 per share:
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Answer:

Check the explanation

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To calculate or compute the annual percentage growth rate over a particular year period, minus the opening value from the ending value, after which you’ll divide by the opening value. Then multiply the result you got by 100 to get your growth rate that is demonstrated as a percentage.

The step by step calculation can be seen below:

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Economic principles are generalizations relating to __________ tendencies in economic behavior or to the economy itself_______
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Answer: Average

Explanation:

<em>Economic principles are generalizations relating to </em><em><u>average</u></em><em> tendencies in economic behavior or to the economy itself.</em>

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