The adjusting journal entry for accrued salaries at year-end:
To record the accrued salaries at year-end, Salaries Expense account is debited and Salaries Payable account is credited with the amount of accrued salaries. The adjusting journal entry for accrued salaries at year-end that amounted to $1,000 shall be as follows:
Salaries Expense Debit $1,000
Salaries Payable Credit $1,000
Answer:
the future of our games are based on the
Explanation:
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Answer:
D. All of the above.
Explanation:
Since, Joe Tau, CEO of Tau Pharma places a major emphasis on his creative passion and spirit of innovation. He is interested in creating a culture where entrepreneurial drive is contagious and motivates employees to take up a new idea, use it, and do it as quickly as possible.
Hence, in order to stimulate creativity and motivate passionate engagements, Tau should establish a structural framework and motivators that include opportunities for achievement, recognition and reward.
This simply means, when Tau develops a structural framework comprising of setting up potential goals or milestone (achievement) for employees, ensure their achievements are recognized and as well as rewarding them for their achievements; the employees would certainly become motivated to pick up new ideas and use the ideas as quickly as possible. Thus, creating a positively contagious culture among them.
Answer:
Using the gross profit method, the cost of goods sold would be:
$42,500
Explanation:
Gross margin ratio of the company is 15%. Refer the formula:
Gross margin = Gross profit/Revenue (or net sales)
= (Net sales- Cost of good sold)/Net sales
Using the gross profit method and from the formula,
Cost of good sold = Net sales - Net sales x Gross margin
= Net sales x (1 - Gross margin)
= $50,000 x (1-0.15) = $50,000 x 0.85 = $42,500
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Each unit of output requires 0.52 direct labor-hours. The direct labor rate is $9.00 per direct labor-hour. The production budget calls for producing 1,700 units in April and 1,600 units in May. The company is committed to paying its direct labor workforce for at least 960 hours a month.
We need to calculate the total number of hours required each month.
April:
Direct labor hours= 1,700 units* 0.52= 884 hours
Total cost= 960 hours*$9= $8,640
May:
Direct labor hours= 1,600 units* 0.52= 832 hours
Total cost= 960 hours*$9= $8,640
