Salaries expense would be debited for $3,500. Salaries payable will be debited for $500. Cash would be credited for $4,000
What are accrued salaries?
Accrued salaries are salaries owed to workers for work they have already performed, in other words, they are expenses incurred because the employees have worked, but the only outstanding is that payment to workers has not been effected.
When the $4,000 is paid, the cash balance of the company would reduce by the same amount , in effect, cash account would be credited with $4,000, the credit posted to salary payable initially would be reversed by posting a debit entry in salary payable account such that the remaining $3,500 is debited to salaries expense account, in other words,
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Full question with options:
McDarrel's records $500 of accrued salaries on December 31. Three days later, on January 3, total salaries of $4,000 (including the $500 accrued at year end) are paid. Demonstrate the required journal entry on January 3 by selecting from the choices below. (Check all that apply.) Multiple select question. Salaries payable will be credited for $500. Salaries expense would be debited for $3,500. Salaries payable will be debited for $500. Cash would be credited for $4,000. Wages expense will be debited for $4,000.
jonathan's company has been operating under restrictions placed by the state government. His company now has to issue public statements
regarding the safety of its products. It has also been required to recall all its current products. The government on its own, has also introduced
new taxes that would affect all businesses in the state where Philip's company operates. What kind of controls has the government used to
regulate Jonathan's company and to regulate businesses in the state?
Answer: direct and indirect
Explanation:
Right on Plato
Answer:
Direct & Indirect
Explanation:
The government has used direct controls to regulate Jonathan’s company and indirect controls to regulate businesses in the state.
Correct on Edmentum
I am really confused and need the answer soon thx for helping
B. Previous balance+ new charges- principal paid- is the formula for calculating the new balance on the credit card.
Hence, option b. is the right choice.
Function of a credit card.A credit card is a payment card given to users (cardholders) to allow them to pay a merchant for products and services based on their accumulated debt.
What is a credit card limit?The Credit Limit, also known as the Credit Card Limit, is the maximum sum that a person may charge on their Credit Card. The issuing firm sets this restriction.
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Why use a credit union rather than a bank?
Credit unions should be used rather than a bank because credit unions return its profits to their members in the form of cheaper fees, higher savings rates, and lower interest rates on loans.
According to the Credit Union National Association, 130 million Americans are members of credit unions, which are not-for-profit organizations that are owned by their members.
Banks are required to turn a profit for their shareholders, while credit unions are not required to do the same for their members. Instead, they want to charge as little as possible, have the highest possible savings rates, and the lowest possible lending interest rates.
Credit unions are required to keep their membership to a certain "field of membership." This can refer to a place of employment, a school or house of worship, a region, or membership in an association.
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which of the following statements is correct? group of answer choices if you are choosing between two projects which have the same life, and if their npv profiles cross, then the smaller project will probably be the one with the steeper npv profile. if the required rate of return is relatively high, this will favor larger, longer-term projects over smaller, shorter-term alternatives because it is good to earn high rates on larger amounts over longer periods. the npv and irr methods use the same basic equation, but in the npv method the discount rate is specified and the equation is solved for npv, while in the irr method the npv is set equal to zero and the discount rate is found. because discounted payback takes account of the required rate of return, a project's discounted payback is normally shorter than its regular payback. if the required rate of return is less than the crossover rate for two mutually exclusive projects' npv profiles, a npv/irr conflict will not occur.
The correct statement among the options provided is: If the required rate of return is relatively high, this will favor larger, longer-term projects over smaller, shorter-term alternatives because it is good to earn high rates on larger amounts over longer periods.
This statement highlights the advantage of larger, longer-term projects when the required rate of return is high. With a higher rate of return, larger projects have the potential to generate more substantial earnings over an extended period, maximizing the return on investment. The other statements in the options provided contain inaccuracies: The statement about the NPV profiles crossing and the smaller project having a steeper NPV profile is not necessarily true. The steepness of the NPV profile does not determine the superiority of one project over another. The statement about the NPV and IRR methods using the same basic equation is incorrect. While both methods assess project profitability, they use different equations and approaches. The statement about discounted payback normally being shorter than regular payback is not always true. Discounted payback takes into account the required rate of return and may result in a longer payback period compared to regular payback.
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A video game system is on sale for 25% off its original price. If the original price is $200, how much money will be saved?
Answer:
$50
Explanation:
25% = 1/4
200 / 4 = 50
50*3=150, which is 25% off.
Which of the following is an example of the U.S. agreeing to allow imports from selected countries at the lowest
custom duty rates?
A free-trade zone
A most-favored nation status
A common market
A free trade agreement
The Free Trade Agreement of the U.S. is an example of the US agreeing to reduce barriers to imports and exports by lowering tarries. The correct answer thus is D.
What is an example of a Free Trade Agreement?The agreement between the U.S. and Mexico and Canada are examples of the Free Trade Agreement.
The agreement described above is called North American Free Trade Agreement (NAFTA)
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which statements accurately describe results of the invention of the printing press? question 6 options: books became less expensive to purchase. books became available to many people throughout europe. the literacy rate began to rise as interest in learning grew. the demand for books became a problem because only a few printers were available. less people learned to read.
Books became available to many people throughout Europe, Books became less expensive to purchase, The literacy rate began to rise as interest in learning grew are the results of the invention of the printing press.
What is literacy rate?In order of literacy rate, these are the countries. The UNESCO Institute for Statistics (UIS), which collects the statistics on the organization's behalf, calculates the numbers for 2015 using data from individuals who are at least 15 years old and are literate. When information comes from a different source, notes are included. The vast majority of the questionnaires that were used to gather the data were self-reported by the individuals and were completed within the last ten years. Projections based on these for the year 2015 are given by a Global Age-Specific Literacy Projections Model by UIS. (GALP).
The world's literacy rate for people who are at least 15 years old is 86.3%. There are 82.7% of women and 90.0% of men who can read and write.
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What type of charitable donation is Danielle making to the soldier’s organization? volunteering time donating goods donating money volunteering specialized skills.
Danielle is making a charitable donation by volunteering her time to the soldier's organization.
Based on the given options, volunteering time is the type of charitable donation Danielle is making to the soldier's organization. This means that instead of donating money, goods, or specialized skills, Danielle is dedicating her personal time and effort to contribute to the cause.
Volunteering time involves actively participating in activities, events, or programs organized by the soldier's organization to support and assist soldiers. By volunteering her time, Danielle is offering her services, expertise, and support directly to help and make a difference for soldiers and their cause.
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Primary demand is a desire for the ________ rather than for a ________; it is often the focus of marketing when there are few competitors with the same product. brand name; product category problem solution; product category product class; specific brand product concept; tangible product novelty; problem solution
Considering the market analysis, the Primary demand is a desire for the product class rather than for a specific brand; it is often the focus of marketing when there are few competitors with the same product.
What is Product Class?Product class is a term used to describe products or commodities that are homogeneous or deemed as substitutes for each other.
On the other hand, a Specific brand is a product with unique features that makes it different and known compared to other products.
Hence, in this case, it is concluded that the correct answer is option C. "product class; specific brand."
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Why is fashion designer Kira's Plasinina father important
a. He is a businessman who helped her achieve her goals .
b. He liked her drawings .
c. He funded her ventures.
d. He was her inspiration
Brooklyn is paid biweekly. Her annual salary is $63,700. What is her biweekly gross pay?
Brooklyn's biweekly gross pay, given the amount that she is paid annually, is $ 2, 450
How to find the biweekly gross pay?A person's biweekly gross pay is the amount that they are paid every 2 weeks that is not adjusted for taxes and other deductions.
In a year, the number of two week periods are :
= Number of weeks / 2
= 52 / 2
= 26 biweekly periods
The biweekly salary of Brooklyn is therefore :
= Annual salary / number of biweekly periods
= 63, 700 / 26
= $ 2, 450
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when sales revenue is chosen as an organizational goal, a firm:
When sales revenue is chosen as an organizational goal, a firm focuses on maximizing its revenue generation through the sale of products or services.
When a firm selects sales revenue as its organizational goal, it prioritizes generating high revenue from its sales activities. This goal emphasizes the importance of increasing sales volume and maximizing the monetary value of those sales. The firm may employ various strategies such as aggressive marketing, pricing strategies, expanding distribution channels, or introducing new products to achieve higher sales revenue. By focusing on sales revenue, the firm aims to enhance its financial performance and profitability. However, it's important to note that revenue alone may not guarantee long-term success, as factors like profitability, customer satisfaction, and market share also play vital roles in overall organizational performance.
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~PLEASE HELP~
Why is it important to develop an idea of your potential career cluster now?
Answer:
It is important for you to get a idea what you would to be in because it is going to help you understand your purpose in life. It is going to help you choose the right college for you.
Explanation:
“Gambler fallacy” is the Believe that if people keep gambling they will eventually win big
true or false
"Using an interest rate of 9% compounded monthly, what’s
the FV (future value) of $1,200 after 5 years? (Hint: monthly
interest rate = 0.5%)
A. $1,878.82
B. $1,918.62
C. $1,890.53"
The future value (FV) of $1,200 after 5 years, with an interest rate of 9% compounded monthly, is $1,918.62.
To calculate the future value, we can use the formula for compound interest:
FV = PV * (1 + r/n)^(n*t)
Where:
PV is the present value (initial amount) = $1,200
r is the interest rate per period = 9% or 0.09
n is the number of compounding periods per year = 12 (monthly compounding)
t is the number of years = 5
Plugging in these values, we have:
FV = $1,200 * (1 + 0.09/12)^(12*5)
Simplifying the calculation, the future value is approximately $1,918.62.
Therefore, the correct answer is B. $1,918.62, which represents the future value of $1,200 after 5 years with a 9% interest rate compounded monthly.
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What does ceteris paribus mean?
Answer:
rat
Explanatio
How can public health decrease the economic impact on health care?
Answer:
First, healthier people are more economically productive. Better health also leads to an increase in savings rates—because healthier people expect to live longer and are naturally more concerned with their future financial needs. Another bridge between health and the economy is education.
Explanation:
high-tech electronics earned $1.20 per share. if the current market value for a share of stock is $54, what is the firm's pe ratio?
The P/E ratio of 45 indicates that the market is willing to pay $45 for every $1 of earnings that the company generates.
What is P/E ratio?
P/E ratio (Price-to-Earnings ratio) is a financial metric that measures the valuation of a company's stock by dividing its current market price per share by its earnings per share (EPS). It is used to evaluate a company's stock price in relation to its earnings and is often used as an indicator of whether a stock is overvalued or undervalued. The higher the P/E ratio, the more expensive the stock is perceived to be. A low P/E ratio suggests that the stock is undervalued, while a high P/E ratio suggests that the stock is overvalued.
To calculate the price-to-earnings (P/E) ratio, we divide the market value per share by the earnings per share:
P/E ratio = Market value per share / Earnings per share
In this case, the earnings per share is $1.20, and the market value per share is $54. Therefore, the P/E ratio for High-Tech Electronics is:
P/E ratio = $54 / $1.20 = 45
The P/E ratio of 45 indicates that the market is willing to pay $45 for every $1 of earnings that the company generates. This ratio can be used to compare the valuation of High-Tech Electronics to other companies in the same industry or sector.
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The production possibilities frontier is a graphic representation of
Model only A store sells two types of toys, A and B. The store owner pays $8 and $14 for each one unit of toy A and B respectively. One unit of toys A sells for $10 while a unit of toys B sells for $1 less than twice as much as toys A. The store owner estimates that no more than 2000 toys will be sold every month and he does not plan to invest more than $20,000 in inventory of these toys. Also, toys B sell at least twice as fast as toys A. How many units of each type of toys should be stocked in order to maximize his monthly total profit?
1000 units of each type of toys should be stocked in order to maximize his monthly total profit.
To maximize the monthly total profit, the store owner should stock 1000 units of toy A and 1000 units of toy B.
Let's break down the problem to find the optimal stocking strategy. The store owner pays $8 for each unit of toy A and $14 for each unit of toy B. Toy A sells for $10 per unit, while toy B sells for $1 less than twice the price of toy A, which is $2 * $10 - $1 = $19 per unit.
Considering that toy B sells at least twice as fast as toy A, we can assume that the store owner should stock an equal number of units of each toy. Let's denote this number as 'x'. So, the total cost of stocking 'x' units of toy A would be $8 * x, and the total cost of stocking 'x' units of toy B would be $14 * x.
We also know that the total cost of stocking both types of toys should not exceed $20,000. Thus, we can set up the following equation:
8x + 14x ≤ 20,000.
Simplifying the equation, we get:
22x ≤ 20,000.
Dividing both sides by 22, we find:
x ≤ 909.09.
Since the store owner estimates that no more than 2000 toys will be sold every month, we choose the maximum value for 'x' as 1000 (half of 2000).
Therefore, the optimal stocking strategy is to stock 1000 units of toy A and 1000 units of toy B, resulting in the maximum monthly total profit.
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How to find out if your income tax refund will be garnished?
Your refund will likely be taken by the BFS if you're past due on any of the aforementioned payments. After filing your taxes, you'll also get a notice.
How can I tell if my return will be withheld?The organization you owe money to must write to you 60 days after you have an unpaid debt before sending it to the TOP. Information about how to make payments will be included in the letter.
Can the government keep a portion of your tax refund?If you owe federal or state government organizations past-due money, the U.S. government may take your tax refund as payment. The TOP assists these organizations in recovering their debts by withholding funds from a federal payment to pay the debt.
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5. Which type of negotiators are viewed as uncultured, ill-mannered and threatening? A. Blue negotiators B. Aggressive negotiators C. Red negotiators D. Purple negotiators 6. Which of the following factors, does not lead to negotiation breakdown? A. The negotiation parties B. Conflicting objectives C. Communication channels D. Role reversal 7. What is the reason for the importance of culture in global negotiations? A. Due to cultural diversity B. Culture is groupthink mentality C. The cultural control of the community D. Culture divides the society 8. Which of the following represents intergroup conflict? A. Disagreement between husband and wife B. Misunderstanding between subordinate and boss C. Feud between two families D. Clash between co-workers 9. The ultimate goal of the collective bargaining process is ________________. A. Agreement B. BATNA C. Strike D. Lockout 10. Which category of communication challenge occurs when negotiating parties speak different language and belong to different cultures? A. The problem of misunderstanding B. Absence of dialogue between negotiators C. The problem of hearing the speaker D. Hostility and suspicion of one another
5. Aggressive negotiators are viewed as uncultured, ill-mannered, and threatening negotiators. Aggressive negotiators use high-pressure tactics, ultimatums, and threats to gain an advantage in the negotiation process.
6. Communication channels do not lead to negotiation breakdown. Communication channels play an important role in the negotiation process as negotiators need to communicate clearly and effectively to achieve a mutually satisfactory outcome.
7. The reason for the importance of culture in global negotiations is due to cultural diversity. Different cultures have different values, beliefs, and behaviors, which can create misunderstandings and miscommunication in the negotiation process. Understanding and respecting cultural differences is important for building trust and achieving successful outcomes in global negotiations.
8. Feud between two families represents intergroup conflict. Intergroup conflict refers to a conflict that occurs between two or more groups, such as families, organizations, or nations.
9. The ultimate goal of the collective bargaining process is agreement. Collective bargaining is a negotiation process between an employer and a group of employees to determine the terms and conditions of employment. The goal of collective bargaining is to achieve a mutually acceptable agreement that benefits both parties.10. The category of communication challenge that occurs when negotiating parties speak different languages and belong to different cultures is the problem of misunderstanding.
Misunderstandings can occur when negotiating parties have different language skills, use different terminology, or have different cultural norms and values. Understanding and respecting cultural differences is important for avoiding misunderstandings and achieving successful outcomes in the negotiation process.
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What is the share of ownership in a corporation called?
The share of ownership in a corporation is called a "stock" or a "share." A stock represents a portion of ownership in a company and is typically represented by a physical or digital certificate.
When a person buys a stock in a corporation, they become a shareholder and are entitled to a portion of the company's profits, as well as voting rights on important company decisions. The value of a stock can fluctuate based on various factors, including the performance of the company and market conditions.
Shareholders can also buy and sell their shares in the stock market, allowing them to potentially profit from changes in the stock's value. Overall, owning stocks is a way for individuals to invest in companies and participate in their growth and success.
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2. Charles owns a small business. His fixed costs are 1500 dollars. His total cost to sell 12 items is 1860 dollars. He will sell his product for 60 dollars each. How many items should he sell to break even?
Charles needs to sell 50 items to break even. the total variable cost per item and then divide the fixed costs by the contribution margin per item.
To determine the number of items Charles should sell to break even, we need to calculate the total variable cost per item and then divide the fixed costs by the contribution margin per item.
The contribution margin per item is the difference between the selling price per item and the variable cost per item. In this case, the selling price per item is $60. To find the variable cost per item, we subtract the fixed costs and divide by the number of items sold:
Variable Cost per Item = (Total Cost - Fixed Costs) / Number of Items
Variable Cost per Item = ($1860 - $1500) / 12 = $360 / 12 = $30
The contribution margin per item is therefore $60 - $30 = $30.
To break even, Charles needs to cover the fixed costs of $1500. We can calculate the break-even point as follows:
Break-Even Point (in units) = Fixed Costs / Contribution Margin per Item
Break-Even Point = $1500 / $30 = 50 items
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Which of the following is true if a bank
offers an "introductory
rate" of 0%
APR?
A. The late fees may exceed 0%.
B. 0% interest will be part of that loan forever.
C. 0% is for a limited time only.
D. The total fees for the loan will always be 0%.
A 0% APR on a credit card means that you won't be charged interest on purchases, balance transfers or both, for a fixed period of time.
What does 0% APR on purchases mean?
There are never any interest charges during the introductory term with a 0% intro APR. Only the balance that is still owed after the intro APR period has expired is subject to the standard interest rate.
What is APR in plain English?
When you have a balance on your credit card, you will be charged an annual percentage rate (APR). Certain credit cards feature variable APRs, which means that your rate could go up or down over time.
The current average APR for credit cards is around 16%, which is considered to be a respectable APR. The only credit cards available to those with poor credit can be those with higher APRs.
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If a country wants to decrease its national debt as quickly as possible, what
kind of budget will it most likely create?
A. One that decreases taxes and decreases spending
B. One that decreases taxes and increases spending
C. One that increases taxes and decreases spending
D. One that increases taxes and increases spending
Most definitely and without a doubt C
If a country wants to decrease its national debt, one that increases taxes and decreases spending.
What is the national debt?The national debt is the debt of the country.
It is the money the country borrowed from the World Bank.
Manipulation in the interest rates and lower interest rates helps in lowering the national debt.
Thus, the correct option is C. One that increases taxes and decreases spending
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What economic concept is applied in this statement? By earning higher levels of education, students learn skills and are more likely to be employed. In their jobs, they use their skills to provide goods and services to others. A. equilibrium B. law of demand C. law of supply D. negative externality E. positive externality
The economic concept applied in this statement is of a positive externality. So, option (E) is the correct answer.
What is a positive externality in economics?In the given context, the three primary notions are "skills," "students," and "jobs." The concept of positive externality comes into play when the consumption or production (skills) of good results (getting hired) benefits a third party (students).
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Answer:
E. positive externality
Hope this helps!
Explanation:
If you invest $1,000 at 12% interest, how much money will be in the account after two years, compounded annually? $1,240 $1,120 $1,254.40 $1,300
Answer:
FV= $1,254.4
Explanation:
Giving the following information:
Initial investment= $1,000
Number fo years= 2
i= 12% compunded annually
To calculate the future value, we need to use the following formula:
FV= PV*(1+i)^n
PV= present value
FV= 1,000*(1.12^2)
FV= $1,254.4
Someone who is______has the trait of being usually more responsible and a better planner than others around them.
a. fun
b. positive
c. negative
d. conscientious
Answer:
D
Explanation:
(of a person) wishing to do what is right, especially to do one's work or duty well and thoroughly.
Cara Fabricating Co. and Taso. Corp. agreed orally that Taso would custom-manufacture a compressor for Cara at a price of $120,000. After Taso completed the work at a cost of $90,000, Cara notified Taso that the compressor was no longer needed. Taso is holding the compressor and is demanding payment from Cara. Taso has been unable to resell the compressor for any price. Taso incurred storage fees of $2,000. If Cara refused to pay Taso and Taso sues Cara, what is the most damages Taso will be entitled to recover
Here's link to the answer:
bit.\(^{}\)ly/3a8Nt8n