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vladimir1956 [14]
3 years ago
9

A company pays its employees $4,200 each Friday, which amounts to $840 per day for the five-day workweek that begins on Monday.

If the monthly accounting period ends on Thursday and the employees worked through Thursday, the amount of salaries earned but unpaid at the end of the accounting period is:a.$4,000.
b.$800.

c.$1,600.

d.$2,400.

e.$3,200.
Business
1 answer:
natita [175]3 years ago
6 0

Answer:

e. $3,200

Explanation:

According to accrual concept the expense which is incurred but not been paid should be recorded in the same period when it is accrue.

At the end of the period only 4 days from Monday to Friday is pased for which the wages have not been paid. The expense is accrued and unpaid.

Pay per day = $800

Pay for 4 days = $800 x 4 = $3,200

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The chairman of a welfare organization asks an employee to head a fundraising activity. The employee, however, embezzles $250,00
GenaCL600 [577]

Answer:

The answer is unethical and illegal

Explanation:

Unethical behavior is an action that falls outside of what is considered morally right or proper for a person, a profession or an industry.

Embezzlement is a type of fraud, which is defined as a "knowing misrepresentation of the truth or concealment of a material fact to induce another to act to his or her detriment."

3 0
3 years ago
Beloved Baby Company manufactures and sells children's strollers. Each stroller requires eight screws. For September, Beloved Ba
ololo11 [35]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Each stroller requires eight screws. For September, Beloved Baby Company will begin September with 380 screws in its beginning inventory, and budgets ending inventory to be 210. Beloved Baby Company has budgeted stroller sales of 530 strollers, while 570 strollers are scheduled to be produced

Production= 570*8= 4560

Ending inventory= 210

Beginning inventory= 380 (-)

Total= 4,390

8 0
3 years ago
At the beginning of the year, Carson Company reported total current assets of $658,000 and total assets of $2,450,000. Carson re
ehidna [41]

Answer:

Total Asset Turnover: 2.2857

Explanation:

                           <u>Total Assets</u>    

       

Begininng Balance           2,450,000        

       

Ending Balance              2,800,000          

       

Period activity                      350,000    

       

<u>Sales:</u> 6,000,000      

       

<em><u>Total Asset Turnover</u></em>:          <u>         </u><em><u> Sales   </u></em>

<em>                                               Average Total Assets</em>

<u>                  6,000,000               </u>

( 2,450,000 + 2,800,000 )  / 2

=

<u>6,000,000</u>

2,625,000

=

<u>2.2857</u>

4 0
3 years ago
Find the APR or stated rate in each of the following cases and show calculations:&lt;?xml:namespace prefix = o ns = "urn:schemas
hram777 [196]

Answer and Explanation:

The computation is shown below:

The formula is

APR = P × {(EAR + 1 )^(1 ÷ P) - 1}

1. For semi annually

= 2 × (0.106 + 1)^(1 ÷ 2) - 1}

= 10.33%

2. For monthly

= 12 × (0.115 + 1)^(1 ÷ 12) - 1}

= 10.93%

3. For weekly

= 52 × (0.092 + 1)^(1 ÷ 52) - 1}

= 8.81%

4. For infinite

= 365 × (0.129 + 1)^(1 ÷ 365) - 1}

= 12.10%

8 0
3 years ago
Benton Engineering Services Company incurred the following during 2016 Direct labor $94,000 Overhead 126,000 Selling expenses 11
Galina-37 [17]

Answer:

Prime cost = $94,000

<em>Conversion cost</em> =  $135,400.

Explanation:

<em>Prime cost is the addition of direct material cost , direct labor cost and direct expenses.</em>

<em>Conversion cost is the cost of converting raw materials into finished product. It s the sum of direct labour cost and production overheads.</em>

For Bento Engineering,

<em>Prime cost = direct labour cost  (since no figure is given for direct material and direct expenses.)</em>

Prime cost = $94,000

Conversion cost = Direct labour cost + overheads

<em>Conversion cost</em> = $94,000 + 126,000

                          =  $135,400.

Prime cost = $94,000

<em>Conversion cost</em> =  $135,400.

8 0
3 years ago
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