Ask question

Ask question

All categories

3 years ago

10

company pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 26, 2010, and emp

loyees are paid $5,600. The next two-week pay period ends on January 9, 2011, and employees will be paid $5,600. Record the adjusting entry on December 31, 2010.

1 answer:

solong [7]3 years ago

8 0

Answer:

Debit Credit

Salaries expense $2,000

($400*5)

Salaries payable $2,000

Explanation:

The adjusting entry that shall be booked by the company in respect of salaries expense to be recorded in its accounts on December 31, 2010 is given below:

Debit Credit

Salaries expense $2,000

($400*5)

Salaries payable $2,000

Where the "5" represent the number of days from the December 27,2010 to the December 31,2010.

You might be interested in

The approach to decision making that involves soliciting input from a network of people outside of the organization is called

katrin2010 [14]

The approach to decision making that involves soliciting input from a network of people outside of the organization is called crowdsourcing

<h3>What is crowdsourcing?</h3>

Crowdsourcing involves the use of input from a large group of people. It is a method through which companies and businesses get information.

The internet is the major source that is used for crowdsourcing.

Read more on crowdsourcing:

brainly.com/question/6983872

3 0

2 years ago

Bob inspires his employees to follow a vision, facilitates change, and creates a strongly positive climate, all while stressing

Lady bird [3.3K]

Bob inspires his employees to follow a vision, facilitates change, and creates a strongly positive climate, all while stressing performance. Bob has helped to create a(n) caring/civilized culture.

Explanation:

Bob inspires his employees to follow a vision, facilitates change, and creates a strongly positive climate, all while stressing performance. Bob has helped to create a(n) caring/civilized culture.

Developing a caring culture

Be optimistic and upfront to your goals.

Focus on strengths, not weaknesses

It’s the result of deliberate executive that promotes a civilized cultural environment.
Developing a caring culture starts with a few initial steps that aims at building the priorities of members to establish a dream team.

4 0

3 years ago

A company's decision to move its operations out of the country will affect its employees, owners, suppliers, distributors, and e

kykrilka [37]

Answer:

The above statement is true .

Explanation:

It is true , when a company take decision to move its operations out of the country it will affect its employees , owners , suppliers , distributors , even its customers .

It is because, when company move out , the employees working in it loss their jobs . They become jobless. The suppliers loss their customer. The distributor also loss their customer. The customer may like the product of the company and if the company moves out then they do not get their product which they like. The owner may also suffer loss,as its possible that the product do not gain popularity anywhere else . The company may loss its share. It also effect the economy , as a good earning company always serves to a country .

6 0

3 years ago

Suppose an apartment complex converts to a condominium, so that the former renters are now owners of their housing units. Suppos

Lorico [155]

Answer:

GDP is likely to remain same as a result of this conversion.

Explanation:

GDP is the total value of goods & services, produced by an economy, during a given year.

It can be calculated by 2 methods

By Expenditure method : GDP = Private Final Capital Expenditure + Govt. Final Consumption Expenditure + Gross Domestic Capital Formation + Net Exports
By Income method : NDP = Compensation of Employees + Operating Surplus (Rent + Profit + Income) + Mixed Income

Given case - Converting a rented apartment into a resident owned condominium , with value of housing services = rent formerly paid :

This brings no change in the GDP, as : The apartment 'rent' previously paid was included in 'operating surplus' of national income, by Income method. And, the equal condominium value is now included in investment addition i.e 'Gross domestic capital formation' , by Income method.

6 0

3 years ago

Exxon has the following capital structure: the firm issued 6 million shares of common stock with the stock price in c), the firm

lesantik [10]

Answer: some data is missing but I was able to find it online and that helped me resolve the problem .

answer : WACC = 15.76%

Explanation:

Given that the common stock price = $9 ( as seen in option C not attached above )

value of common stock = $9 * 6 * 10^6 = $54,000,000

cost of common equity = 10.93%

current preferred stock price = $6

value of preferred stock = $6 * 1,500,000 = $9,000,000

hence the cost of the preferred equity = $4.5 / $6 = 0.75 = 75%

interest rate of debts = 6.5%

value of debit = $25,000,000

Corporate tax rate = 25%

∴ The cost of the debit after tax = 6.5% * ( 1 - 25)% = 4.88%

The Total value = value of common stock + value of preferred stock + value of debit

= 54,000,000 + 9,000,000 + 25,000,00 = $88,000,000

<u>Finally the weighted average cost of capital ( WACC )</u>

[weight of debt * cost of debt after tax ] + [ weight of common equity * cost of common equity ] + [weight of preferred * cost of preferred ]

= [ (25/88) * 4.875 ] + [(54/88) * 10.933] + [ (9/88) * 75 ]

= 15.76%

3 0

2 years ago