Answer:
Requirement: <em>Prepare journal entries to: (a) Accrue the salaries payable on December 31, b) Close the Salaries Expense account on December 31 (the account has a year-end balance of $250,000 after adjustments), (c) Record the salary payment on January 7</em>
Date Accounts title and Explanation Debit Credit
31-Dec Salaries expense $1,880
Salaries Payable $1,880
(To record accrued salaries )
31-Dec Retained Earnings $250,000
Salaries Expense $250000
(To close salaries expense account)
07-Jan Salaries Payable $1,880
Salaries expense $2,920
Cash $4,800
(To record payment of salary)
Answer:
D) $9200 principal plus $4600 interest
Explanation:
the December 1st, 2019 payment on the note will be:
the installment on the principal and the accrued interest for the period.
<em>interest due for the period:</em>
92,000 x 5% = 4,600
<em>amortization on principal</em>
92,000 x 10% = 9,200
Total 13,800
The journal entry will be as follows:
interest expense 4,600 debit
note payable 9,200 debit
cash 13,800 credit
This information makes option D) the only correct answer.
Answer:
B. Ahrens will respond aggressively because of the high market commonality between Hilliard and Ahrens
Explanation:
Base on the scenario been described in the question the question, the one that is true is that Ahrens will respond aggressively because of the high market commonality between Hilliard and Ahrens. And because Hilliard, the number two firm in the industry, has undertaken a major strategic attack upon Ahrens, the market leader, by introducing a new nutrition supplement product which makes Ahrens to react that way.
Answer:
using conventional costing system:
- unit cost mercon = $21.40
- unit cost wurcon = $90.80
total production costs using conventional costing system:
- 4,000 units of mercon = 4,000 x $21.40 = $85,600
- 8,000 units of wurcon = 8,000 x $90.80 = $726,400
Explanation:
Mercon Wurcon
Direct materials cost per unit $9.00 $7.00
Direct labor cost per unit $6.00 $7.00
Direct labor-hours per unit 0.20 2.40
overhead rate applied $6.40 $76.80
Number of units produced 4,000 8,000
overhead rate = total overhead / total direct labor hours = $640,000 / [(4,000 x 0.20) + (8,000 x 2.40)] = $640,000 / 20,000 = $32 per direct labor hour
unit cost mercon = $9 + $6 + $6.40 = $21.40
unit cost wurcon = $7 + $7 + $76.80 = $90.80
Answer:
En términos generales, reducir la jornada laboral del trabajador reduce su sueldo o remuneración, ya que las empresas pagan a los trabajadores un salario acorde no sólo a su nivel de productividad, sino que también a la cantidad de tiempo que laboran.
Aunque es posible que en ciertas formas contractuales dicha reducción horaria no repercuta en el sueldo, o también puede suceder que el trabajador realmente sea más productivo trabajando menos, lo cual hasta podría hacer que su salario aumente, dependiendo del contexto.
