1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Semmy [17]
3 years ago
13

As of December 31, Bayer, Inc., agrees to provide a bonus of $50,000 to its employees (to be equally shared by all). The bonus w

ill be paid in January.
Required:
Prepare the December 31 adjusting entry for Bayer.
Business
1 answer:
mafiozo [28]3 years ago
8 0

Answer:

Dec. 31

Dr Bonus expense $50,000

Cr Bonus payable $50,000

Explanation:

Preparation of the December 31 adjusting entry for Bayer.

Based on the information given we were told that they agreed to provide a bonus of the amount of $50,000 to its employees which will be equally shared by all of them in which The bonus will be paid in January which means that the journal entry will be:

Dec. 31

Dr Bonus expense $50,000

Cr Bonus payable $50,000

You might be interested in
Productivity may best be defined as
AleksandrR [38]
<span>The answer is C. Productivity is the ratio of outputs to inputs. This answer is correct because productivity is a measure of efficiency, and is not a measure of quantity, profit (revenue), or quality. Productivity is the measure of effectiveness in converting inputs to outputs.</span>
3 0
3 years ago
Read 2 more answers
Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares. Be
expeople1 [14]

Answer: $15,060

Explanation:

From the question, we are informed that Ben and Jerry were shareholders of Water Ice Inc., an S corp. On Jan. 1, 1998, Ben owned 40 shares and Jerry owned 60 shares.

We are further told that Ben sold his shares to Joe for $10,000 on March 31, 1998 and that the corp. reported a $50,000 loss at the end of 1998. The loss that will be allocated to Joe will be:

= $50,000 × 40% × 9/12

= $50,000 × 0.4 × 0.75

= $15,000

The closest figure we have close to that is $15,060 which is option B

7 0
3 years ago
Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports.
Viefleur [7K]

Answer:

'Government Expenditure' not 'Government' is a component of GD[

Explanation:

GDP is the total value of goods & services produced in an economy during an year.

As per Expenditure method :

  • It is calculated as 'expenditure' done by all sectors of economy as "<em>one person expenditure is other person income</em>". 
  • 4 sectors are : households , firms, government ,rest of the world.
  • Their respective demand expenditures are : Private Final Consumption Expenditure , Government Final Consumption Expenditure, Investment (Gross domestic Capital Formation) , Net Exports.

4 0
3 years ago
Refer to the accompanying balance sheet for the First National Bank. Assume the reserve ratio is 15 percent. If a check for $20,
Arlecino [84]
The answer is b $15,000
7 0
3 years ago
Explain the reasons why more efficient keyboards were not able to replace the QWERTY keyboard and what principle this illustrate
ELEN [110]

Answer:

so that people don type to fast again like the 20th centruy people

Explanation:

3 0
3 years ago
Other questions:
  • Compare the world population index for 1960 to the world population index for 2000. then express the world population in 2000 as
    11·1 answer
  • On march 12, klein company sold merchandise in the amount of $7,800 to babson company, with credit terms of 2/10, n/30. the cost
    5·1 answer
  • All of the following are business-level cooperative strategic alliances EXCEPT: a. competition response strategic alliances. b.
    9·1 answer
  • A clothing manufacturer produces clothing in five locations in the U. S. In a move to vertical integration, the company is plann
    9·1 answer
  • If the primary key of the workshop offerings table contains the primary key for both the workshop table and account table, there
    11·1 answer
  • Identify the component present in a smart card that can process instructions and store data for use in various applications Sele
    13·1 answer
  • A student who works at a record store and plays in a rock band thinks for a minute about his own music-purchasing habits, and th
    6·1 answer
  • Quantitatively, how important is international trade to the United States relative to the importance of trade to other nations?
    6·1 answer
  • Pacific West Utility has made a takeover offer to the shareholders (51% of the shares) of San Diego Edison. The board and manage
    7·1 answer
  • Companies and their customers working together to develop products that meet customer needs is known as​ ________.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!