The required double entry to adjust the accounts for salaries accrued at the end of the accounting period is a debit to the Salaries Expenses Account and a credit to the Salaries Payable Account.
- The Salaries Payable account is a current liability because the firm has not yet paid cash for.
- Debiting the Expense account and crediting the Payable account complete the double entry. This is a recognition of the accrual concept and the matching principle of generally accepted accounting principles.
Thus, the accrual concept and the matching principle require that expenses that have not been paid for be accounted for in the period that they are incurred to match with the revenue that they generated.
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We have all many types of etiquette. First, we have to know that etiquette is a custom, something we do in front people we meet every day. It is a manner or courtesy we need to do during social gathering or events.
Business etiquette consists of being transparent to its partners; financially, its history, goal and of course business performance.
Business CEO should also be treating their employees well, like giving them the salary they deserve according to business standing and skill of employees. Employers should also treat their employees like family, as the employees are the core part of the business. As they say, happy employees, are the good business outcome.
We know the stock has a required return of 12 percent, and the dividend and capital gains yield is equal.
<h3>Dividend yield and capital gains yield</h3>
Dividend yield = 1/2(.12)
Dividend yield = .060 = Capital gains yield
Now we know both the dividend yield and capital gains yield. The dividend is simply the stock price times the dividend yield, so:
D1 = .060($65.50)
D1 = $3.93
This is the dividend for next year. The question asks for the dividend this year. Using the relationship between the dividend this year and the dividend next year:
D1 = D0(1 + g)
We can solve for the dividend that was just paid:
$3.93 = D0(1 + .060)
D0 = $3.93 / 1.060
D0 = $3.71
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The business dimensions to be analyzes by the Marketing Manager and Financial controller includes:
- profitability
- liquidity
- solvency
- efficiency
- valuation.
<h3>Who is a Marketing Manager & Financial controller?</h3>
Marketing Manager are those managers that specializes in the development of marketing strategies for their organizations while the Financial controller is a top-hierarchy manager that oversees and controls the firm's day-to-day financial operations.
The main role of the Marketing Manager is to promote the firm's business, product, service etc while the main role of the Financial controller is to records and manages the accounting function.
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Answer:
See below
Explanation:
Net income during the year
$59,000
Adjustments:
Depreciation
$27,000
Changes in current assets and liabilities
Less:
Increase in accounts receivables
($32,000)
Increase in inventories
($12,000)
Decrease in accounts payable
$25,000
Net cash flow from operating activities
$17,000