The additional expenses required in order to avoid keeping currency during periods of inflation are known as shoe leather costs.
<h3>What do you know about holding cash?</h3>
The reasons for keeping cash are pretty straightforward. Cash inflows and outflows may balance each other out, or the outflows occasionally exceed the inflows. Hence, to cover up these eventualities, organizations hold cash to meet certain unpredictable situations.
The term "transaction motive" refers to the need for cash that a business has for ongoing operations. In general, the business needs cash to pay employees' salaries, rent, pay for labor, acquire items, and other expenses. On the receiving side, the business receives money from customers, debtors, and other sources. The inflows and outflows do not always coincide. As a result, the company keeps some cash on hand to fill this shortfall.
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While making adjustment of the journal entries for the accrued salaries of $600 and current salaries of $1500, the salaries expense amount should be debited for an amount of $900.
<h3>What are journal entry adjustments?</h3>
Journal entries adjustments are the amount that are adjusted at the end of the accounting period to avoid errors while preparing journal entries for the financial transactions.
The adjusted journal entries for the above transactions are attached with an image for reference.
Hence, option B; the salaries expense account will be debited for $900 in the journal entries adjustments.
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General education is the "very first part of the degree before you get into the main classes." General education is dealing with college and it's the first part of college before you get your main classes and such. General education also makes up a great amount of a degree.
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Answer:
is a ethical frame work and suggest that an individual has
Answer:
total perceived value of attending college is more than $58000
Explanation:
we have given that earning an after-tax salary of $23,000 per year
and cost of college to you = $35,000
as we know that here Opportunity cost is benefit foregone by choose one alternative over the another
so by economic decision making like choosing a job or going to college
we need to consider both explicit cost and Opportunity cost by job foregone
so i think attend the college
total value for attend college = $23,000 + $35,000 = $58000
because total perceived value of attending college is more than $58000