Answer:
Production= 76,500
Explanation:
Giving the following information:
Motorcycle Manufacturers, Inc. projected sales of 76,000 machines for 2010. The estimated January 1, 2010, inventory is 6,500 units, and the desired December 31, 2010, inventory is 7,000 units.
We need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 76,000 + 7,000 - 6,500
Production= 76,500
Answer:
A) Polonova has a strong sense of personal ambition and independence.
Explanation:
From the question we are informed Rainbow Corp. who hires a new secretary, Polonova, who differs from the vast majority of the company's employees in terms of her ethnicity. The company has a collectivist culture with a culturally diverse workforce and several policies to support the minorities. Yet, after a few weeks, she quits the company. In this case, she quit because Polonova has a strong sense of personal ambition and independence.
Personal Ambition can be regarded as strong desire as well as aspiration to work towards acheiving something or goals which requires alot of dedication and extra work. Personal independent also require the ability of someone to independently carry out some task productivity with freedom of choice in an organization.
Answer:
Correct answer is D. Credit to Salaries Payable for $8,000
Explanation:
Based on the basic underlying guideliness in accounting, specifically matching principle. All income and expenses should be reported during the period it incurred. Thus, all expenses incurred during the period even though it wasn't paid yet shoud be recorded to the book and that's the moment that the year-end adjusting entry is necessary.
On the above given problem, the salaries paid of $24,000 is presumed to have been recorded in the book already. Because it incurred and paid within the calendar period. In addition, the salaries accrued by the year end needs year-end adjustment<em> to recognize the salaries expense applicable for the period</em>. Journal entry of it is to debit salaries expense and credit salaries payable in the amount of $8,000.
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