Answer:
The correct entry is to reverse the entry on December 3rd
Dr Salaries and Wages expenses of $27,000
Cr Salaries and Wages payable of $27,000
Explanation:
During the time of the accrued entry, which is on December 31st
the company registered
Dr Salaries and Wages PAYABLE of $27,000
Cr Salaries and Wages EXPENSES of $27,000
It was just an accrued entry to be able to identify the expenses to the balance sheet, but currently on the original expenses on January 3rd, the entry is reverse, then the real or main expenses is recorded in the balance sheet.
Dr Cash of $47,000
Cr Salaries and Wages EXPENSES of $47,000
Answer: A, B, and C. ALL OF THE ABOVE!
Explanation:
They're all the correct answer.
C. $1,000
$1 and average total costs of $3 when it produces 500 units of output. the firm's total fixed costs equal 1,000 dollars.
Need more info to the question
Answer:
B) Cost centers do not directly generate revenue from customers, but they may have an impact on revenue through customer satisfaction and overall quality.
Explanation:
Cost Centers are functions where costs are accumulated.
Cost centers do not generate revenue, but they do have impact on revenue since price determination lies on the cost if the company is to make profit.
Costs also determine the quality of the final product to customer and the satisfaction there-off - which are vital for driving revenue.
