Answer:
Dr Salaries expense $7,552
Cr Accrued salaries $7,552
Being entries to record salaries payable as at year end
Explanation:
When an expense is incurred but yet to be paid by an organization, the entries required are
Dr Expense (p/l)
Cr Accrued expense (B/s)
when payment is made
Dr Accrued expense (B/s)
Cr Cash account
Given that Zoey Bella Company has a payroll of $9,440 for a five-day workweek and the year ends on a Thursday. As such, the company as at 31 December has incurred salaries for 4 days. This has to be accrued for but first to calculate the amount
= 4/5 * $9,440
= $7,552
Hence adjusting entry required on December 31, assuming the year ends on a Thursday
Dr Salaries expense $7,552
Cr Accrued salaries $7,552
Being entries to record salaries payable as at year end
Answer:174 SE Naranja Ave, Port Saint Lucie, FL ; 38 Maple St, Fitchburg, MA ; 461 SE Thornhill Dr, Port Saint Lucie, FL
Explanation:
Answer:
Materials quantity variance = $2,350 F
Explanation:
Given:
Standard quantity = 3.7 kilos per unit
Standard price = $5 per kilo
Unit produced = 6,300
Total material = 23,780
Computation:
Materials quantity variance = (Actual quantity × Standard price) - (Standard quantity × Standard price)
Materials quantity variance = (23,780 × $) - (6,300 × 3.7 × $5)
Materials quantity variance = $118,900 - $116,550
Materials quantity variance = $2,350 F
According to my observation, The shareholder meeting was scheduled to discuss the issue of increasing the limit of minimum wage per hour for the employees. It is different from other shareholders' meetings has it was only conducted to improve the strong market value of the shares.
Explanation:
The employees of the Wal-Mart organization pinpointed their issue to the higher level hierarchy level management. They addressed the issue of about demanding the larger ceiling for the minimum wage up to $15 per hour. It was fixed as $10 per hour for the employees.
The management also realized the need to ensure economic support for the common employees. So they conveyed the decision of increasing the minimum support wages up to $15 per day in shareholders' meetings held recently. So it was considered as the different one from other held meetings.
Apart from searching for the solution of issues from the shareholders' perspective, The meetings were mainly conducted to finalize the decision of increasing the minimum wage support.
Closing price coupon rate, face value, maturity date ... Tags related to this set ... Identify the feature of stocks and bonds ... Match each cost with the investment type to which it relates. ... A-rated bond, blue-ship stock
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