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
igomit [66]
3 years ago
15

Parton Company provides its employees with varying amounts of vacation per year, depending on the length of employment. The esti

mated amount of the current year's vacation cost is $196,800. The journal entry to record the adjusting entry required on December 31 to record the current month's accrued vacation pay will include a
a. credit to Vacation Pay Expense for $196,800.
b. debit to Vacation Pay Expense for $16,400.
c. credit to Vacation Pay Expense for $16,400.
d. debit to Vacation Pay Payable for $196,800.
Business
1 answer:
Jet001 [13]3 years ago
7 0

Answer:

b. debit to Vacation Pay Expense for $16,400.

Explanation:

current month's accrued = total current's vacaction cost/12

                                         = $196,800/12

                                          = $16,900

Adjusting journal entry will be:

                                                     Dr               Cr

vacation pay expenses              $19,600              

 to vacation payable                                      $16,900

Therefore, The  journal entry to record the adjusting entry required on December 31 to record the current month's accrued vacation pay will include a debit to Vacation Pay Expense for $16,400.

You might be interested in
How do political factors affect businesses
allsm [11]

Answer:

Change in the political factors can affect business strategy because of the following reasons: The stability of a political system can affect the appeal of a particular local market. Governments view business organizations as a critical vehicle for social reform. ... Government actions influence the economic environment.

Explanation:

4 0
3 years ago
Beasley Company currently sells its products for​ $30 per unit. Management is contemplating a​ 10% increase in the selling price
Ray Of Light [21]

Answer:

Explanation:

Selling price per unit (next year) = 30 + 10 % of 30 = $33

Variable cost per unit (next year) = 30 * 40 % = $12

Contribution per unit (next year) = Selling price per unit (next year) - Variable cost per unit (next year) = 33 - 12  = $21

Fixed expenses = $68,250

Break even point (in units) = Fixed expenses / Contribution per unit.

Break even point (in units) = 68,250 / 21 = $3,250

7 0
3 years ago
Your local bakery gives you information on consumer purchasing habits for muffins and cupcakes. It tells you that, when the pric
raketka [301]

Answer:

c. 0.25

Explanation:

Cross-price elasticity = [(Q2-Q1/)((Q1-Q2)/2) * 100] / [(P2-P1/)((P1-P2)/2) * 100]

Cross-price elasticity = [(65-55)/((65+55)/2)*100] / [(2-1)/((1+2)/2)*100]

Cross-price elasticity = 16.6667/66.6667

Cross-price elasticity = 0.25000037

Cross-price elasticity = 0.25

8 0
3 years ago
Someone who provides you with recommendations related to your money and investments would be called a...
IgorC [24]
Investor is the answer. Hope this helps!
3 0
4 years ago
Jared, the operations head at Cerise Confectionery, showed gratitude to his employees by hosting an employee appreciation day. I
Art [367]

Answer:

Leading is the correct answer.

Explanation:

Leading is a process of influencing, directing and guiding a people of an organization to show them a direction.

Leading is the function that is carried out in the management process to motivate the employees to reach the organizational objectives.

Thus leading create a positive attitude among the people working in the organization.

4 0
3 years ago
Other questions:
  • True or false the texas legislature is classified as highly professional, the highest level of institutionalization.
    15·1 answer
  • Larkspur Co. had cost of goods sold of $3,100. If beginning inventory was $3,200 and ending inventory was $1.050. Larkspur's pur
    7·1 answer
  • The first item appearing on the statement of retained earnings is what?
    5·1 answer
  • Jim (49) and Linda (50) are married and will file a joint return. They have two children, Todd (20) and Traci (15), who both liv
    9·1 answer
  • ____________one of Reich's four key components, is making a reasoned analysis of an opportunity, envisioning potential solutions
    10·1 answer
  • Suppose that when Sue’s disposable income is $10,000, she spends $8,000, and when her disposable income is $20,000, she spends $
    9·1 answer
  • The interest rate charged on overnight loans of reserves between banks is A) federal funds rate. B) prime rate. C) Treasury bill
    11·1 answer
  • A monopoly finds that, at its present level of output and sales, marginal revenue equals $5 and marginal cost is $4.10 which of
    10·1 answer
  • Betsy Strand’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a
    14·1 answer
  • When your company pays for a promotional message, that is a form of what?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!