Answer:
Debit Credit
Wages expenses $17,500
Wages receivable $7,500
Wages payable $25,000
Explanation: The end of the current month falls on the second Tuesday of the pay period means, on the 7th day, the end of the month was Tuesday instead of the expected 10th workday and a Friday. In this instance, it means the employees of Lucid Laboratories had only worked for 7 days, then a wages expense of 7/10 days x $25,000 ($17,500) would be recorded with the balance being a wage receivable (since the employees are expected to work for the remaining work days in the next month). The total amount would then be recorded as a payable.
Next month, when it is a first Friday and is time to make payment, the company will record the following entries:
Debit Credit
Wages payable $25,000
Cash $25,000
Wages expense $7,500
Wages receivable $7,500
Answer: See explanation
Explanation:
Based on the information that were provided in the question, in a situation whereby the court rules in favor of the property owner, the most likely reason for this will be because the payment of the professor are as consistent just exactly as if they had a landlord-tenant relationship between them even though it was just an oral contract that they both had.
In this case, since the professor met his term of the agreement, then he should be given the property.
Answer:
$27,000 per year
Explanation:
The opportunity cost of an investment is the profit or cash flows that the investor must surrender in order to carry out the investment.
In this case, Jarrett is considering investing $300,000 in a land purchase which he will lease for $36,000 per year.
If he decides to make that investment, he will be losing alternative investments that can yield a 9% return. That 9% return that Jarrett is losing by going ahead and purchasing the land, is Jarrett's opportunity cost = $300,000 x 9% = $27,000 per year.
Answer:
Correct answer is option A
$0
Explanation:
In case of non-statutory stock option, income which is fair market value less any cost incurred for stock options, is included when the stock options are exercised.