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Dafna11 [192]
2 years ago
5

Which of the following statements is not correct? Multiple Choice After the reversing entry is posted for the adjustment made to

recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance. Reversing entries are made to reverse the effect of certain adjustments. Reversing entries provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period. A reversing entry is the exact opposite (the reverse) of the adjustment.
Business
1 answer:
Oksana_A [137]2 years ago
5 0

Answer:

A)After the reversing entry is posted for the adjustment made to recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance

Explanation:

Reversing entry can be regarded as

a journal entry which is been made during an accounting period, it

reverses selected entries that is been made during immediately preceding period. reversing entry typically take placeat the beginning of particular accounting period.

It should be noted thatReversing entries are;

1) made to reverse the effect of certain adjustments.

2) provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period.

3)is the exact opposite (the reverse) of the adjustment.

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What is the price of a European put on a non-dividend-paying stock when the stock price is $79, the strike price is $77, the con
Orlov [11]

Answer:

The price of an European Put Option = $4.03

Explanation:

Hi, you have to use a formula for the evaluation of an European put option on an underlying, which does not pay dividends. This equation follows the Black & Scholes-Merton model.

This is the model for a put option

p(s,t)=-SN(-d1)+Ke^{-rt}N(-d2)

N(-d1) is the cumulative normal distribution function, calculated as follows.

d1 =\frac{Ln(S/K)+(r+\frac{sigma^{2}}{2})t  }{sigma\sqrt{t} }

for N(-d2) yoou have to make the following calculation

d2=d1-sigma\sqrt{t}

where:

K = Opcion strike price

N = Standard normal cumulative distribution function

r = Risk Free interest rate

σ = Volatility of the underlying

S = Price of the underlying

t = Time to option´s expiry

Here are the result of all the above calculations

S= $79.00    

K= $77.00    

r = 6% annual  

sigma =25% annnual  

t = 0.67  years (That is 8/12 to turn months into years )

d1 = 0.42  

d2 = 0.22  

N(-d1) = 0.335913098

N(-d2) = 0.41312295

e^(-rt) = 0.960789439

 

p(s,t)= - 79(0.3359...) + 77(0.9607...)(0.413122...) = $4.03

Notice the excel spreadsheet attached.

best of luck .

Download xlsx
5 0
3 years ago
Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year a
ser-zykov [4K]

Answer and Explanation:

As per the data given in the question,

Calculation for direct material and equivalent conversion is presented below:

Particulars                           Materials                                Conversion cost

      Units (a)        % of completion (b)  Equivalent units (a ×b)     % of completion (d)   Equivalent units  (a × d)

Beginning WIP    6,000 units    0%                    0                          50%

3,000 units

Completed units  76,200 units  100%                76,200                100%

76,200 units

Ending WIP            4,600 units    100%                4,600 units         65%

2,990 units  

Total                      86,800 units                           80,800 units

82,190 units

Working notes

1. The 50% is considered as 50% is beginning work in process so the remaining would be considered

2. The 76,200 units is come from

= 82,200 units - 6,000 units

= 76,200 units

3.  And at last we total beginning WIP + completed units and ending WIP

8 0
3 years ago
Which of the following deals with cost-benefit analysis?
lana66690 [7]
It is B. and now i have to type more to get this answer posted
8 0
3 years ago
Read 2 more answers
Assume you’ve got terrific credit: What would be your likely APR for purchases or balance transfers?
Zielflug [23.3K]

Answer:

The APR stands for the annual percentage rate, and you can hope for a credit card with the least APR since you have good credit. It is the interest rate that is charged annually over the credit you spend. And the average credit card APR is 15.09, as mentioned in the February report. And on account that assesses interest, on average the APR is 16.91. And hence an APR below the 17.57, can be considered as a good one. And hence, this can be your APR for purchases or the balance transfers since you have a terrific credit.

Explanation:

Please check the answer section.

4 0
3 years ago
Loger's, a high-end apparel company in Bruslon, an Asian country, cuts back on production as consumers start turning to basic pr
eimsori [14]

Answer:

d. economic contraction

Explanation:

Contraction is in economics means it is business cycle phase where the overall economu should be fall. Also the contraction should arise when the cycle of the business is in peak but it should be prior to became as a trough

So at the time of economic contraction, the company normally took the measures of the cost cutting

So as per the given situation, the option d is correct

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3 years ago
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