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
The right answer for the question that is being asked and shown above is that: "This is dissociation." <span>Clu, Dolf, and Elton do business as Fertile Valley Farm. Clu s relationship to the firm ends, but it continues to do business</span>
Answer:
Break-even point in units= 346,087
Explanation:
<u>First, we need to calculate the unitary selling price and unitary variable cost:</u>
<u />
Selling price= 2,412,000 / 360,000= $6.7
Unitary variable cost= (1,170,000 + 414,000) / 360,000= $4.4
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= (714,000 + 82,000) / (6.7 - 4.4)
Break-even point in units= 346,087
Answer:
the steps are
1.
2.
3.
4.
Explanation:
these are the steps because in order to get the analysis you need to go through these steps
Answer:
The Sharpe ratios for the market portfolio and portfolio A is 0.1677 and 0.2 respectively
Explanation:
The computation of the Sharpe ratio is shown below:
= (Expected Rate of Return - Risk-free rate of return) ÷ (Standard Deviation)
For Market portfolio, it would be
= (12.2% - 7%) ÷ (31%)
= 5.2% ÷ 31%
= 0.1677
For portfolio A, it would be
= (11% - 7%) ÷ (20%)
= 4% ÷ 20%
= 0.20
Simply we apply the Sharpe ratio formula in which the risk-free rate of return is deducted from the expected return and the same is divided by the Standard Deviation