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3 years ago

The information needed to make the journal entries to record the wages and salaries expense comes from

1 answer:

s2008m [1.1K]3 years ago

4 0

The information needed to make the journal entries to record the wages and salaries expenses comes from THE PAYROLL REGISTER.
Each bussiness set up has a payroll register. The payroll register is used to keep the record of pay periods, the information contained in the register include: dates, employee names, hours worked, gross pay, net pay, deductions, etc.

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The basic price that equates the demand for and supply of loanable funds in the financial markets is the __________:

Helen [10]

Answer: a

Explanation:

The interest rate is the amount a lender charges for the use of assets expressed as a percentage of the principal. The interest rate is a rate of return that lenders demand for the ability to borrow their money. A loan that is considered high risk will have a higher interest rate. Interest rates are prices for loanable funds prices of funds invested, lent out or borrowed for various periods of time.

The supplier or lender of funds normally wants to earn an income and the user or borrower will generally be prepared to pay for the right to use the accumulated funds.

Interest rates apply to most lending or borrowing transactions. Individuals borrow money to purchase homes, fund projects, launch or fund businesses, or pay for college tuition.

3 0

3 years ago

Issuance of common stock for cash affects which basic element of financial statements? Revenues Equity Losses Liabilities

weeeeeb [17]

Answer:

Equity

Explanation:

8 0

3 years ago

Jill just made a purchase online. The store that she bought from gave her the option to pay with a check, money order, or credit

Readme [11.4K]

Answer:

The credit card is the most effective method of payment.

Explanation:

The store will not ship the item until the payment is accredited to their account. Because of this, Jill needs to pick the payment method that have the fastest clear time.

The Check: usually takes about two business days for a deposited check to clear.

Money Order: It depends on the bank. Some banks allow for money orders to be cleared and deposited almost immediately, and some require at least one business day for it to clear.

Credit Card: almost all the time payments can take place immediately.

The obvious choice is Credit Card payment for the instant clear of the funds in the store account.

6 0

3 years ago

Assume the following information pertaining to Moonbeam Company:

Nana76 [90]

Answer:

<u>d. Material Purchases = $ 169,000</u>

Explanation:

Cost Of Goods Statement.

Beginning Direct Materials = $117,000

Add Material Purchases = $ 169,000

Less Ending Direct Materials = <u>$130,000 </u>

Direct Materials Used = $156,000 ( given)

Direct Labor= $ 697,000

Factory Overhead = $199,000

Total Manufacturing Costs = $896,000

Beginning WIP Inventory = $85,000

Ending WIP Inventory = $104,000

Cost of Goods Manufactured= $ 1033,000

Beginning Finished Goods Inventory = $130,000

Ending Finished Goods Inventory = $124,000

Cost Of Goods Statement = $ 1039,000

4 0

4 years ago

Bank A quotes a bid rate of $0.300 and an ask rate of $0.305 for the Malaysian ringgit (MYR). Bank B quotes a bid rate of $0.306

Artemon [7]

Answer: $1639.3

Explanation:

From the question, we are informed that Bank A quotes a bid rate of $0.300 and an ask rate of $0.305 for the Malaysian ringgit (MYR) and that bank B quotes a bid rate of $0.306 and an ask rate of $0.310 for the ringgit.

The profit for an investor that has $500,000 available to conduct locational arbitrage goes thus:

Purchasing Malaysian ringgit (MYR) from bank A at the ask rate will be:

= $500,000/$0.305

= 1,639,344.3

Selling the Malaysian ringgit (MYR) at bank B based on the ask rate will be:

= 1,639,344.3 × 0.306

= $501,639.3

The profit for an investor that has $500,000 available to conduct locational arbitrage will be:

= $501,639.3 - $500,000

= $1639.3

5 0

4 years ago