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zmey [24]
3 years ago
11

By the end of the accounting period, employees have earned salaries of $650, but they will not be paid until the following pay p

eriod. Demonstrate the required adjusting entry by completing the following sentence. The required adjusting entry would be to debit the Salaries (expense/payable) account and (debit/credit) the Salaries (expense/payable/unearned) account.
Business
1 answer:
spin [16.1K]3 years ago
5 0

Answer:

                              Adjusting entry

Date  Account Name and Explanation    Debit    Credit

         Salaries Expense                              $650

                Salaries payable                                      $650

         (To record salary expense)

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Answer:

The anwer for your question is decision alternatives

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Which of the following describes the financing activities section of the statement of cash flows?A) It reports on activities tha
olga_2 [115]

Answer:

C) It includes cash inflows and outflows related to long-term liabilities and equity.

Explanation:

Basically there are three types of activities:

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2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

In the above option, option C is a match with the meaning of the financing activities.  

Hence, all other options are incorrect.

5 0
4 years ago
Which of the following is an investigator’s commitment to the sponsor?
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Explanation:

sponsors are responsible for selecting qualified investigators providing them with the information they need to conduct an investigation properly ensuring proper monitoring of the investigations ensuring that the Investigations is conducted in accordance with the general investigational plan and protocols

8 0
2 years ago
Method A assumes simple interest over final fractional periods, while Method B assumes simple discount over final fractional per
Marina86 [1]

Answer:

The answer is "1.1"

Explanation:

In the case of a single Interest, the principal value is determined as follows:

\ I = Prt \\\ A = P + I\\A = P(1+rt) \\\\A = amount \\P= principle\\r = rate\\t= time

In case of discount:

D = Mrt \\P = M - D \\P = M(1-rt)\\\\Where,  D= discount \\M =\  Maturity  \ value \\

Let income amount = 100, time = 1.5 years, and rate =20 %.

Formula:

A = P(1+rt)  

A =P+I

by putting vale in the above formula we get the value that is = 76.92, thus method A will give 76.92  value.

If we calculate discount then the formula is:

P = M(1-rt)

M = 100  rate and time is same as above.

P = 100(1-0.2 \times 1.5) \\P = 100 \times \frac{70}{100} \\P = 70

Thus Method B will give the value that is 70  

calculating ratio value:

ratio = \frac{\ method\  A \ value} {\ method \ B \ value}\\\\\Rightarrow ratio = \frac{76.92}{70}\\\\\Rightarrow ratio = \frac{7692}{7000}\\\\\Rightarrow ratio = 1.098 \ \ \ \  or \ \ \ \  1.

4 0
3 years ago
Total cost is the a. amount a firm receives for the sale of its output. b. fixed cost less variable cost. c. market value of the
kkurt [141]

Answer:

C. Market value of the inputs a firm uses in production.

Explanation:

Total cost is the summation of all cost incurred by a firm as a result of production. It is also market value of the inputs a firm uses in production.

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6 0
3 years ago
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