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White raven [17]
3 years ago
13

Buster Industries pays weekly salaries of $30,000 on Friday for a five-day week ending on that day. The adjusting entry necessar

y at the end of the fiscal period ending on Tuesday is a. debit Salaries Payable, $12,000; credit Cash, $12,000 b. debit Salary Expense, $12,000; credit Dividends, $12,000 C. debit Dividends, $12,000; credit Cash, $12,000 d. debit Salary Expense, $12,000; credit Salaries Payable, $12,000
Business
1 answer:
Schach [20]3 years ago
4 0

Answer:

The correct answer is D

Explanation:

The journal entry to be recorded for the salary is as:

Salary expense A/c...........................Dr   $12,000

     Salary Payable A/c...........................Cr   $12,000

Being the salary which is paid weekly, become accrued

Working Note:

Single day amount = Weekly payment / Number of days

= $30,000 / 5

= $6,000 per day

So, computing for 2 days (Monday and Tuesday) salary as:

Amount = Per day salary × Number of days

= $6,000 × 2

= $12,000

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The idea of insurance a. is to share risk. b. would not appeal to a risk-averse person. c. is, other things the same, to reduce
Alex

Answer:

is to share risk.

Explanation:

Insurance is a means by which individuals and businesses avoid the risk of a loss. It is a risk management strategy that is used to hedge against the risk of uncertain loss.

So risk is shared with other parties usually the insurance company in the event of a loss.

The insurance company collects a payment called premium to maintain this agreement. The premium acts as a financial cushion for the insurance firm, and also provides means of settling loss claims.

For example a company can buy insurance against fore loss and pay premiums. In the event of a fire the insurance company is liable to reimburse the company for losses incurred.

3 0
3 years ago
اقرأ الفقرة التالية واجب عن الأسئلة التي تليها .33
kicyunya [14]

Answer:

الدينار البحريني، (بالإنجليزية: Bahraini dinar)‏، هو عملة البحرين.[1][2][3] يقسم الدينار إلى 1000 فلس. وهو مرتبط بالدولار الأمريكي.





البلد البحرينتاريخ الإصدار1965رمز العملةد.برمز الأيزو 4217BHDالمصرف المركزيمصرف البحرين المركزيموقع المصرف المركزيمصرف البحرين المركزيسعر الصرف2 دولار أمريكي (22 نوفمبر 2016)

2.65957446809 دولار أمريكي

10 روبية خليجية  العملات المعدنية1⁄2, 5, 10, 25, 50, 100 (500 فلس)العملات الورقية1⁄2, 1, 5, 10, 20 د.ب.الموقع الرسميwww.cbb.gov.bhتعديل مصدري - تعديل 

يبلغ سعر صرف الدينار البحريني 2.6526 الدولار الأمريكي، أو 1 دولار يعادل 377 فلس.

7 0
3 years ago
The current FUTA tax rate is 0.8%, and the SUTA tax rate is 5.4%. Both taxes are applied to the first $7,500 of an employee's pa
ExtremeBDS [4]

Answer:

d. $465.00

Explanation:

Calculation for the amount of total unemployment taxes

FUTA tax rate $60.00

(0.8%×$7,500)

SUTA tax rate $405.00

(5.4%×$7,500)

Total unemployment taxes $465.00

Therefore the amount of total unemployment taxes the employer must pay on this employee's wages will be $465.00

7 0
4 years ago
urphy Inc., which produces a single product, has provided the following data for its most recent month of operation:Number of un
LUCKY_DIMON [66]

Answer:

Results are below.

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. <u>The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead. </u>

The v<u>ariable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).</u>

<u>Unit cost under absorption costing:</u>

Unitary product cost= 137 + 75 + 4 + (846,800/14,600)

Unitary product cost= $274

<u>Unit cost under variable costing:</u>

Unitary variable product cost= 137 + 75 + 4

Unitary variable product cost= $216

3 0
3 years ago
For use in a linear regression model, categorize which of the following variables should be represented as dummy variables and w
Novay_Z [31]

Answer:

DUMMY VARIABLES:

The items include;

Shoe color,

Number on an athlete's jersey,

Gender,

Ice cream flavor

QUANTITATIVE VARIABLES: Items include;

Time to run marathon,

Height,

Size of flat-screen television,

Hours spent studying core,

Calories in desserts.

Explanation:

Time to run a marathon, height, size of flat–screen television, hours spent studying core, and calories in desserts are quantitative variables.

Shoe color, number on an athlete’s jersey, gender, and ice cream flavor are categorical/qualitative variables and need to be transformed into dummy variables. Note that although athlete’s jerseys have numbers, those values cannot be interpreted as real numbers.

4 0
3 years ago
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