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3 years ago

The bookkeeper for Sheffield Corp. asks you to prepare the following accrued adjusting entries at December 31.

Business

1 answer:

Scrat [10]3 years ago

4 0

Answer:

(a) Dec 31

Debit Interest Expense $500

Credit Interest Payable$500

(b) Dec 31

Debit Account Receivable $2,000

Credit Service Revenue $2,000

Debit Salaries & wages expense $540

Credit Salaries & wages payable $540

Explanation:

Preparation of the accrued adjusting entries at December 31

(a) Dec 31

Debit Interest Expense $500

Credit Interest Payable$500

(b) Dec 31

Debit Account Receivable $2,000

Credit Service Revenue $2,000

Debit Salaries & wages expense $540

Credit Salaries & wages payable $540

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Increased use of current inputs in the production process is the short-term response of aggregate supply to rising demand (and prices).

A company can't, for the short term, build a new factory or introduce new technology to boost production efficiency because the level of capital is fixed.

What is short run and long run aggregate supply?

The intersection of the economy's aggregate demand and long-run aggregate supply curves determines its equilibrium real GDP and price level in the long run. The short-run aggregate supply curve is an upward-sloping curve that shows the quantity of total output that will be produced at each price level in the short run.

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2 years ago

Alistair Fashions, a clothing manufacturer, uses an assembly-line to manufacture clothes whereby different groups of workers spe

PIT_PIT [208]

Answer: Division of labour

Explanation: Division of labour entails dividing various tasks of making a good amongst the workers in a system. This organizing system is normally used when there is a large work force. The reason why this system is used is because it allows workers to focus on the specific process they are tasked with, allowing them to perform this task more effectively and efficiently, as long as there is mass production of the specific good. This also allows workers to specialize in their specific task, because they have gotten used to executing it.

Because an assembly line apporach is used in Alistair Fashions, the existence of mass production is likely. Each worker, or group of workers, are tasked with specific tasks such as cutting fabric, finishing sleeves, making collars, etc, allowing them to focus on the element they are tasked with and perform their tasks efficiently.

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4 years ago

You just won the lottery, which promises you $990,000 per year for the next 20 years. You receive the first payment today (hint:

Ghella [55]

Answer:

The present value of your winnings is $9,410,263.59

Explanation:

Present value of annuity due=(1+rate)*Annuity[1-(1+interest rate)^-time period]/rate

=1.0975 x 990,000 [1-(1.0975)⁻²⁰]/0.0975

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3 years ago

What term refers to people who are trendy and fashionable in order to impress others and are often impulse buyers?

oee [108]

Answer: Strivers

Explanation:

The term that refers to people who are trendy and fashionable in order to impress others and are often impulse buyers is Strivers.

It should be noted that Strivers are usually consumers that are from low income families but they so much believe in style and fashion and really wants to impress and emulate celebrities or high income earners who use lastest trends or fashion.

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3 years ago

Which of these statements is true?

erma4kov [3.2K]

Answer:

A. Location extensions appear when someone who’s physically near the business searches on relevant terms

Explanation:

According to my research on the answers provided, I can say that based on the information provided within the question the correct statement is "Location extensions appear when someone who's physically near the business searches on relevant terms". The rest of the statements are either completely incorrect or are missing certain key words in order to make them correct

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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3 years ago