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Zarrin [17]
3 years ago
13

The bookkeeper for Wildhorse Co. asks you to record the following accrual adjustments at December 31 in the tabular summary that

follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
(a) Interest on notes payable of $350 is accrued.
(b) Services performed but unbilled totals $1,850.
(c) Salaries of $700 earned by employees have not been recorded.
Assets Liabilities Stockholders' Equity Accounts_ Interest Payable +Payable Sal./Wages ^ Com Stock Adjustment Receivable + Rev. Exp Div

Business
1 answer:
dsp733 years ago
6 0

Answer:

The attached file has the answer required.

Interest on notes payable will be a liability as it is accrued. It will still be accounted from the expenses however.

Services is a revenue stream that was not recorded so it will go to Accounts Receivable and Revenue.

Salaries unpaid will become a liability and an expense in the income statement.  

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What identifies the flow of critical business data
GrogVix [38]

Based on an information management system, Business Continuity Planning identifies the flow of critical business data.

This is because Business continuity planning is a method or strategy that allows the business manager to identify their critical processes.

Business continuity planning establishes operation duration for different activities relating to business continuity, such as outages, contact data, and partners involved in the risk of supporting vital continuity services.

Hence, in this case, it is concluded that the correct answer is "Business Continuity Planning."

Learn more here: brainly.com/question/12068803

3 0
2 years ago
Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 20,000, Selling price per unit $30
Firdavs [7]

Answer and Explanation:

                     1.  Income Statement as on (-----)

<u>Particular                                  Amount</u>

Sales(20000 x $30)                $600,000

Less: COGS                              $160,000

inventory = $24,000

Less :End inventory = $44,000

<u>Add :purchases $180,000                                    </u>

Gross Profit                               $440,000

Less: Fixed expenses              $70,000

<u>($40,000+$30,000)                                   </u>

                                                 $370,000

Less variable Expenses           $120,000

(20,000 x $4) = $80,000

<u>(20,000 x $2) = $40,000                             </u>

<u>Net Profit                                   $250,000</u>

<u></u>

           2. Contribution Format Income Statement

<u>Particular                                              Amount</u>

Sales(20000 x $30)                            $600,000

Less : Variable Expenses

COGS(24000+180000-44000)           $160,000

Selling Expenses(20000x$4)              $80,000

<u>Administrative exp (20000x$2)          $40,000</u>

Contribution                                         $320,000

Less: Fixed Expenses

Selling exp                                            $40,000

<u>Administrative exp                               $30000</u>

<u>Net Profit                                            $250,000</u>

8 0
3 years ago
In a particular country in 1998, the average worker needed to work 25 hours to produce 40 units of output. In that same country
Bingel [31]

Answer:

In that country, the productivity of the average worker

  • C) increased by 6.25 percent between 1998 and 2008.

Which of the following statements best describes the scenario?

  • A) This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons.

Explanation:

worker productivity in 1998 = 40 units / 25 hours = 1.6 units per hour

worker productivity in 2008 = 68 units / 40 hours = 1.7 units per hour

therefore, worker productivity increased by (1.7 - 1.6) / 1.6 = 0.0625 or 6.25%

Regarding the second question, this happens all the time. Politicians live in an alternate reality world, they choose to believe that their ideas are facts and that everyone else doesn't know better about any topic in the world. And this doesn't only happen to Trump, it happens everywhere and in every single country.

6 0
3 years ago
A string or rope will break apart if it is placed under too much tensile stress. Thicker ropes can withstand more tension withou
kifflom [539]

Answer:

a. radius = 0.0006m = 0.6mm and length =0.393m = 393mm

b. frequency =377.86Hz

Explanation:

Given:

mass of steel= 4g = 0.004kg

density of steel = 7890kg/m3

tensile stress of steel 7.0x10⁸

tension load =900N

from the density, we will calculate for the Volume of the steel string

density = mass/volume

volume = mass/density = 0.004/7890 = 5.07 x 10⁻⁷ m³

from the tensile stress will can get the maximum base Area of the string ,

tensile stress = load/area =

7x10⁸ = 900/A

A = 900/7x10⁸ = 1.29x10⁻⁶ m²

Area = πr²

area/pi = 4.105x10-7

radius = 0.0006m = 0.6mm

volume = Area x length

length = vol/area =(5.07 x 10⁻⁷ m³)/1.29x10⁻⁶ m² = 0.393m

b. the highest possible frequency is given by:

F = \frac{\sqrt{\frac{T}{m/L} }}{2L}

where T= tension, m=mass, L=length

F = \frac{\sqrt{\frac{900}{0.004kg/0.393m} }}{2*0.393m}

= 297.04/0.786

frequency =377.86Hz

4 0
3 years ago
If the factory overhead is underapplied, then the adjusting journal entry to close the factory overhead account includes a: (Che
Ymorist [56]

Answer:

Debit to cost of goods sold and credit to factory overhead

Explanation:

Here we are interested in knowing the appropriate journal entry when the factory overhead is under applied.

What happens to the factory overhead journal in this case is that the we should have an adjusting journal entry.

The adjusting journal entry here is that we debit cost of goods sold and credit factory overhead

5 0
3 years ago
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