Answer:
A)After the reversing entry is posted for the adjustment made to recognize the salaries expense at the end of the accounting period, the Salaries Expense account will have a zero balance and the Salaries Payable account will have a credit balance
Explanation:
Reversing entry can be regarded as
a journal entry which is been made during an accounting period, it
reverses selected entries that is been made during immediately preceding period. reversing entry typically take placeat the beginning of particular accounting period.
It should be noted thatReversing entries are;
1) made to reverse the effect of certain adjustments.
2) provide a way to guard against oversights, eliminate the review of accounting records, and simplify the entry made in the new period.
3)is the exact opposite (the reverse) of the adjustment.
Answer:
$764,400
Explanation:
Given that,
Net income under variable costing = $772,200
Beginning inventories = 7,800 units
Ending inventories = 5,200 units
Fixed overhead per unit = $3
Net income under absorption costing:
= Net income under variable costing - [(Beginning inventories - Ending inventories) × Fixed overhead per unit]
= $772,200 - [(7,800 - 5,200) × $3]
= $772,200 - $7,800
= $764,400
Partly this statement is true however this does not implies to all.
In a big company, it;s really the top managers who do all the planning and decision making for the good of the company and then cascade it to the lower level for implementations
Answer:
Ke 0.08690 = 8.69%
Explanation:
<u>The capital assets price model formula(CAPM) is as follows:</u>
risk free = 4% = 4/100 = 0.04
market rate = 11% = 11/100 = 0. 11
premium market: (market rate - risk free) = (0.11-0.04) = 0.07
Beta(non diversifiable risk) 0.67
Ke 0.08690
