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grin007 [14]
3 years ago
12

White Company's wages payable account had a beginning balance of $3,757 and an ending balance of $2,070. During the year, wages

expense was $15,188. How much did White pay in cash during the year for wages
Business
1 answer:
borishaifa [10]3 years ago
7 0

Answer:

the amount paid during the year is $16,875

Explanation:

The computation of the amount paid during the year is shown below:

Opening Balance $3,757

Add: Wages expense $15,188

Less: Closing Balance -$2,070

Amount Paid $16,875

Hence, the amount paid during the year is $16,875

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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According to your text, in the broadest terms, the "marketplace" refers to:_________
OLga [1]

Answer:

A. The World of trade

Explanation:

The marketplace is an economic system where companies compete with each other in order to sell their products. It is a place where trade occurs. In the broadest terms, a marketplace is the world of trade where buying of goods and services takes place.

8 0
4 years ago
If the number of employed persons in a country equals 24 million, the number of unemployed persons equals 8 million, and the num
goldenfox [79]

Answer:

Unemployment rate is 25%

Explanation:

The percentage of people eligible for job and not currently involved in paid work or self employed and available for work as well is called rate of unemployment. It is the percentage of people who is not currently woking seeking the job.

Labor Force = Employed persons + Unemployed persons

Labor Force = 24 million + 8 million

Labor Force = 32 million

Unemployment rate = ( Unemployed persons / Labor force ) x 100

Unemployment rate = ( 8 million / 32 million ) x 100 = 25%

3 0
3 years ago
Use the following information to answer this question. Windswept, Inc. 2017 Income Statement ($ in millions) Net sales $ 9,500 C
romanna [79]

Answer:

The return on equity for 2017 is 21.46 %

Explanation:

Return on equity measures the return earned on the owners investment in the company.

<em>Return on equity = Net Income for the year / Total Shareholders Funds × 100</em>

                            = $822 / ( $2,980 + $850) × 100

                            = 21.4621 or 21.46 %

Note : That Retained earning is part of Owners Investment.

Conclusion :

The return on equity for 2017 is 21.46 %

6 0
3 years ago
How do corporations raise money and resources to expand? Select THREE answers.
Vladimir [108]

Correct answer choices are :

A) They request a bank loan.

D) They agree to sell stocks.

E)  They issue bonds.

Explanation:

Also, interest paid on bonds is a tax-deductible business investment for the organization. The problem is that interest payments generally are made on bonds even when no profits are earned. For this reason, a smaller corporation can sometimes raise much capital by issuing bonds.

4 0
3 years ago
Read 2 more answers
Azure Inc. assigns $4,000,000 of its accounts receivables as collateral for a $3 million loan with a bank. The bank assesses a 3
Vlad1618 [11]

Answer with its Explanation:

Step 1:

First of all record a loan of $3 million loan:

Dr Bank $3,000,000

Cr Loan      $3,000,000

Step 2:

Finance charge will be 3% on this loan amount:

Dr Finance Charge $3million *3% = $90,000

Cr                   Bank                                       $90,000

Step 3:

The interest on the note is 7% which is $70,000. So the journal entry would be:

Dr Interest Expense $70,000

Cr Interest payable                  $70,0000

8 0
3 years ago
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