Answer:
Debit Credit
Wages expenses $17,500
Wages receivable $7,500
Wages payable $25,000
Explanation: The end of the current month falls on the second Tuesday of the pay period means, on the 7th day, the end of the month was Tuesday instead of the expected 10th workday and a Friday. In this instance, it means the employees of Lucid Laboratories had only worked for 7 days, then a wages expense of 7/10 days x $25,000 ($17,500) would be recorded with the balance being a wage receivable (since the employees are expected to work for the remaining work days in the next month). The total amount would then be recorded as a payable.
Next month, when it is a first Friday and is time to make payment, the company will record the following entries:
Debit Credit
Wages payable $25,000
Cash $25,000
Wages expense $7,500
Wages receivable $7,500
Answer:
Each item on a common-size balance sheet is expressed as a percentage of sales.
Explanation:
In a Common-size balance sheet, the items of the financial statements are presented i.e assets, liabilities and the stockholder equity are reflected in a percentage of the total assets and the total liabilities & owners equity as the case may be.
Like on numerator side the asset item is there and on the denominator side the total assets are there
Answer:
b. both the beekeeper and the orchard owner
Explanation:
Options <em>"a. only the owner of the orchard b. both the beekeeper and the orchard owner c. the beekeeper, but it creates a negative externality because the bees are a hazard to the orchard. d.only the beekeeper"</em>
<em />
Externality is when the cost or benefit of any activity falls upon the bystander and it can either be positive or negative. The Positive externality is when the benefits is enjoyed by the third party or the bystander. The Negative externality is when the costs fall upon the bystander.
Honey bees are very good pollinating agents, the rearing of honey bee not only benefits the beekeeper by producing honey but also the plants by helping them pollinate and increase the flora of the area, that is, it is also helping the orchard owner by increasing his tree count and hence fruit yield.
Answer:
Explanation:
Micropolitical risk events are typically events that takes place which have effects on companies that are within a country and doesn't have effect on companies which are in foreign countries
An example was when Iraq was invaded by the United States. This resulted in a halt in international business within the countries.
There was a huge rise in gas price which affected individuals and firms as economic agents weren't prepared for the crisis. Other possible effects include:
• It can lead to dishonesty by the government officials.
• Barriers to economic development
• Forced sales of equity by companies.
15% of 2,300 is = 345
345 is the profit you gained
2,300 is the selling price of the stock
2300(selling price) - 345(profit) = 1955
the paid for the stock is 1955
