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maw [93]
3 years ago
7

FTYZ Transport Inc. was supposed to pay wages amounting to $1,500 in March, which was the last month of its accounting period. H

owever, Leeds Inc. failed to make the payment before the accounting period. What will be the adjusting journal entry passed by the accountant?
Business
1 answer:
leva [86]3 years ago
7 0

Answer: Wages account debit

Wages payable account credit

Explanation:

Sdjusting entries are simply referred to as the journal entries that are made when the accounting period ends such that there is allocation of the income and the expenditure incurred by the economic agent to the period in which the income and the expenditure occurred.

In this case, the adjusting journal entry passed by the accountant will be to debit the wages account by $1500 and then credit the wages payable account by $1500.

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Why are only final goods and services included in the calculation of GDP?
zavuch27 [327]

Answer:

Only final goods and services are included in the calculation of GDP to avoid counting things multiple times.

Explanation:

In the calculation of the GDP only final goods and services are included because the prices of the these already have the costs of all the things that were used to produce them. If we count the intermediate products and services that were used for the final output, we will be double counting which will give a result that is not a correct estimation.

5 0
3 years ago
________ refers to the impaired decision making that occurs in a team when making the right decision is less important than main
aleksandrvk [35]

Answer:

competition

Explanation:

team members be competing against each other

5 0
2 years ago
Suppose Cook Plus manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 24. Cook Plus projects sales
ioda

Answer:

Production= 750 units

Explanation:

Giving the following information:

Cook Plus projects sales of 675 ​10-inch skillets per month.

Cook Plus has 60 ​10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 20​% of the next​ month's sales.

TO calculate the production required, we need to use the following formula.

Production= sales + desired ending inventory - beginning inventory

Production= 675 + (0.2*675) - 60

Production= 750 units

4 0
3 years ago
oneycutt Co. is comparing two different capital structures. Plan I would result in 39,000 shares of stock and $108,000 in debt.
Mila [183]

Answer:

All equity plan:

EPS = $160,000 / 42,000 = $3.81

Plan I:

EPS = [$160,000 - ($108,000 x 7%)] / 39,000 = $152,440 / 39,000 = $3.91

Plan II:

EPS = [$160,000 - ($324,000 x 7%)] / 33,000 = $137,320 / 33,000 = $4.16

Plan II is better since the resulting EPS is higher than the other alternatives.

8 0
3 years ago
1. Eric is a draftsman who designs house plans for a large construction company. The pathway in the architecture and constructio
Otrada [13]

Answer: A. Design/ pre construction.

Explanation:

Architecture is the profession in charge of the design, projection, and construction of structures, such as houses or buildings, focusing on aesthetics and harmony of constructions. This career is very similar to civil engineering but differs in the fact that architecture focuses on design and engineering on construction.

In this case, Erick works on design or preconstruction, that is, drawing the plans of the houses that the structure for which he works is going to build. This is the first step in the construction process.

<em>I hope this information can help you.</em>

8 0
3 years ago
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