Answer:
Debit Salary Expense $16,890
Credit Salary Payable $16,800
Explanation:
Accrued expenses are recognised at the end of an accounting period in obedience to the accrual method. All revenues and expenses are to be recognised when they are earned or incurred. The salaries that had accrued at the end of June will have to be recognised by debiting Salary Expense.
The next salary of $24,000 will be paid on July 3. The normal period for payment is 7 days. Days till pay is 7+3 days from July= 10days
$24,000 is payable in 10 days
$ x (accrued wages) will be payable in 7 days
Cross-multiply
$ x= 24,000*(7/10)
$ x= $16,800
Answer:
increase in the market value per share
Explanation:
Market value per share is the price that the share of a company can be traded if it is to be sold to a willing investor in a stock market.
The market value per share is determined by the company's financial performance, favorable market information concerning the enterprise, perceived future prospects plus investors or public confidence.
One of the goals of financial management is the maximization of the shareholders wealth, this will find expression in how the business actions or inaction of the management has enriched the shareholders.
Answer:
c. federal funds
Explanation:
As this case is concerned, Bank Of The North pay the interest to Helper Bank for the loan as per the Federal Fund rate.
Federal fund rate is the rate of interest on which one bank gives short term or overnight loan to other banks. The interest rate at which federal funds are being borrowed and lent is known as the federal fund rate. This rate is set based on the principle of demand and supply. For instance, if the demand is higher than the supply, this rate will go up.
Tragic flaw is a literary device that can be defined as a trait in a character leading to his downfall, and the character is often the hero of the literary piece. This trait could be the lack of self-knowledge, lack of judgment, and often it is hubris (pride).
C.the demand curve for butter shifts to the right