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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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Olessa, single and age 60, sells her home for $540,000 after living there for 20 years. Her adjusted basis in that home was $220
Karo-lina-s [1.5K]

Answer:

Net gain = $60,000

Explanation:

Given:

Sale value of house = $540,000

Adjusted value = $220,000

Selling expenses = $10,000

Computation of gross profit on the house:

Gross profit on sale = Sale value of house - Adjusted value - Selling expenses

Gross profit on sale = $540,000 - $220,000 - $10,000

Gross profit on sale = $310,000

Maximum limit on gain from sale of house = $250,000(Form number 1040, Schedule D)

Computation of net gain:

Net gain = $310,000 - $250,000

Net gain = $60,000

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3 years ago
What is cooperative skill​
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A co-operative skill is the understanding of how to work effectively with other people on an equal basis towards commonly held aims and objectives
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3 years ago
William ibbs, a professor at the university of california at berkeley, found that high project management maturity results in __
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William Ibbs, a professor at the university of California at Berkeley, found that high project management maturity results in lower direct costs of project management.

Project management is the process of directing the work of a team to achieve all project goals within given constraints. This information is typically documented in the project documentation created at the beginning of the development process. The main constraints are scope, time and budget.

Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives within agreed parameters and according to project acceptance criteria. Project management has the end result of being constrained by tight time frames and budgets.

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8 0
1 year ago
Write in detail about the programmes of the institute of agriculture and animal science​
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Answer:

The mission of the institute is to promote agricultural science and to train manpower for agricultural development focusing on teaching, research and extension.

Explanation:

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1 year ago
What are some actions people may take when preparing for a career fair
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I would say to think about what you may or may not be interested in. If you know there are any jobs in particular that you are already interested in, or are put off by, keep that in mind so that you have some idea of where you want to flock to during the fair. 

Another thing to keep in mind is that even though a particular subject may seen very off putting to you, do not just put it aside and never look further into jobs around that area. Just because you hate math doesn't mean that there are no mathematical jobs you may find interest in. Keep an open mind to all fields of study. 
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