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MAXImum [283]
3 years ago
9

65 employees have earned two weeks of vacation time to be taken the following year. If the average weekly salary for these emplo

yees is $900, what is the required journal entry to accrue compensated absences
Business
1 answer:
Komok [63]3 years ago
4 0

Answer: Debit Salaries and Wages Expense $117000

Credit Salaries and Wages Payable $117000

Explanation:

Based on the information given in the question, the required journal entry to accrue compensated absences will be as follows:

First, we need to know the amount of the compensated absence which will be:

= 65 employees × $900 × 2 Weeks vacation

= $117000

Therefore, the journal entry is:

Debit Salaries and Wages Expense $117000

Credit Salaries and Wages Payable $117000

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Fidelity investments is one of the largest mutual fund and brokerage services providers worldwide. it has various offices in cit
bogdanovich [222]

These visible cues are an attempt to deal with the problem of trust common to service organizations. Hence, the purpose of these cues is to generate much trust from the customers.

<h3>Common Customer Service Problems </h3>

The following are the common customer service problems encountered by the customers:

  1. Long time in response
  2. Impatience on the part of the Customer representative to Listen to the Needs of the customer
  3. Customer Transfer from one department to another
  4. Rudeness on the part of Customer Service agent towards the Clients
  5. Inability to offer a solution to the Customer
  6. Inability of the Customer Service agent to fulfil Promises.

Therefore, these cues are in place to earn trust from the customers.

learn more about Customer Service Problems: brainly.com/question/4110146

8 0
2 years ago
The Baldwin Company currently has the following balances on their balance sheet: Total Liabilities $68,188 Common Stock $10,959
Sliva [168]

Answer:

Total assets next year are $186670

Explanation:

The basic accounting equation states that Total assets are always equal to the sum of Total liabilities and total equity. Thus, the total assets of the company this year are,

Total assets - this year = 68188 + (10959 + 86023)

Total assets - this year = $165170

The net income generated by a company is used for two purposes. The company can either pay out dividends from it or retain it in the business or do both. The retained net income will increase the amount of retained earnings and thus the total equity.

Retained earnings for next year = 36500 - 15000  = $21500

Thus, total assets for next year are,

Total assets next year = Total assets this year + change in retained earnings

Total assets next year = 165170 + 21500     = $186670

6 0
4 years ago
Read 2 more answers
Which of the following functions are provided by a PMO (project management office)?
mars1129 [50]

Answer:

Explanation:

Governance process for managing projects and setting priorities 

Standards of performance including consequences of non-performance

The main purpose of a Project Management Office (PMO) is to make sure that projects and programs are run in a repeatable, standardized way.

What Are The Functions of a Project Management Office (PMO)?

PMO is the backbone of a successful project management system at an organization. It provides decision support information, although it doesn’t make any decisions itself.

Governance

Transparency

Reusability

Delivery support

Traceability

5 0
3 years ago
Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh
viva [34]

Answer:

1. not a competitive market

2. not a competitive market

3. competitive market

4. not a perfectly competitive market

Explanation:

To answer this question, i will first start by explaining what a competitive market is and the assumption of a perfectly competitive market as well

A competitive market is a market that has many producers and buyers of a particular product. The producers are usually in a competition to meet up with the needs of the buyers.

some assumptions of the market:

  • large sellers/producers
  • identical or homogenous goods
  • free entry
  • no discrimination
  • perfect knowledge

a. in this question this is not a competitive market. the reason is simple. It says that there are only two providers of internet. So there are no enough producers or sellers

b. The government has limited entry into this market by giving patent to only one pharmaceutical company.

c. yes this market is competitive since there are many producers of the product and the consumers regard the products as identical or homogenous. this meets with all of the assumptions of a perfectly competitive market.

d. the product here is not homogenous or identical as this is not a perfectly competitive market since buyers would prefer to buy the coffee that tastes better and leave that of the competitors

thank!

8 0
3 years ago
Hamiter Framing's cost formula for its supplies cost is $1,640 per month plus $9 per frame. For the month of August, the company
yuradex [85]

Answer:

$6,788

Explanation:

The computation of the supplies cost in the planning budget is shown below:

= Supplies cost per month + number of frames in planned activity × per frame cost

= $1,640 + 572 frames × $9

= $1,640 + $5,148

= $6,788

We simply added the supplies cost and the planned frame cost so that the supplies cost for the planning budget could come

6 0
3 years ago
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