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Natalija [7]
2 years ago
15

Taylor Company had a salaries payable balance of $18,000 on December 31, 2014. During 2015, it paid $50,000 in cash as salaries,

and recorded a salary expense of $50,000. What is its December 31, 2015, salaries payable balance?a. $50,000 b. $18,000 c. $100,000 d. Cannot be determined from the information provided
Business
1 answer:
Flura [38]2 years ago
8 0

Answer:

$18,000

Explanation:

Given data  for Taylor Company;

Salaries payable at the beginning of 2015 (end of 2014) = $18,000

Salary expense during the year (2015) = $50,000

Salaries paid during the year = $50,000

Salary payable at end of year (2015) = ?

Let the salary payable at end of year= S

Using the formula

Salaries payable at the beginning of the year + Salary expense during the year - Salaries paid = Salary payable at end of year

$18,000 + $50,000  - $50,000  =S

S = $18,000

Salaries payable as at December 31, 2015 is $18,000.

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Your generous grandmother has just announced that she’s opened a savings account for you with a deposit of $10,000. Moreover, sh
daser333 [38]

Answer:

$156,454.87

Explanation:

Future Value of an annuity due: FV = Pmt x ((1+r)n -1))/r) x (1+r)

When Payment per period (PMT) = $10,000, Discount Rate per period= 8%,Number of periods (n) = 10

Future Value = $10,000 * ((1+0.08)^10 -1))/0.08) * 1.08

Future Value = $10,000 * [(1.08)^10 - 1 ]/ 0.08 * 1.08

Future Value = $10,000 * 2.15892499727-1/0.08 * 1.08

Future Value = $10,000 * 1.15892499727/0.08 * 1.08

Future Value = $10,000 * 14.486562465875 * 1.08

Future Value = 156454.87463145

Future Value = $156,454.87

3 0
2 years ago
Is an integral part of business continuity planning, but bcp is much broader?
TEA [102]
<span>Is an integral part of business continuity planning, but BCP is much broader? Disaster recovery. Business continuity planning is the process a business takes when creating systems to prevent and recover if threats should happen to a company. Disaster recovery is a subgroup of BCP and one aspect of the business continuity planning that should be in place. </span>
5 0
3 years ago
A university cafeteria line in the student union hall is a self-serve facility in which students select
Setler [38]

Answer:

The answer to this question is a= µ=60/12=5 students/min

Explanation:

Solution

Given that:

λ=4 students / min

The Waiting time in Queue= λ /µ(µ- λ )==4/(5*(5-4))=0.8 min

The Number of students in the line L(q)= λ *W(q)= 4*.8= 3.2 students

TheNumber of students in the system L(q)= λ /(µ- λ )=4/(5-40=4 students

Then,

The Probability of system to be empty= P0= 1-P= 1-0.8= 0.2

Now,

If the management decides to add one more cashier with the same efficiency then  we have

µ= 6 sec/student= 10 students/min.

so,

P= λ /µ =4/10=0.4

Now,

The probability that cafeteria is empty= P0= 1-0.4= 0.6

If we look at the above  system traits, it is clear that the line is not  empty and the students have to standby for 0.8  in the queue waiting to place their order and have it, also on an average there are 3.2 students in the queue and in the entry cafeteria there are 4 students who are waiting to be served.

If the management decides to hire one more cashier with the same work rate or ability, then  the probability of the cafeteria being free moves higher from 0.2 to 0.6 so it suggests that the management must hire one additional cashier.

7 0
3 years ago
Which part of your uniform must be worn at all times (select all that
Elina [12.6K]

Explanation:

closed-toed footwear.

6 0
2 years ago
Managers must be able to determine whether their workers are doing an effective and efficient job, with a minimum of errors and
Katarina [22]

Answer:

a. True

Explanation:

This system of performance review is a 360-degree review or feedback process where a given employee receives inputs on her performance (or other criteria such as behaviors, competencies and results achieved) from different employees with varying working relationships and at different levels.  The idea is to ensure that the employee's performance is not partial or biased.  Using this system, the employee who may be a manager will have her performance reviewed by employees below, above, and on the same level with her.

6 0
3 years ago
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