When a similar asset exchange has commercial substance, it is accounted for similarly to a fixed asset sale; thus, the entry to journalize the exchange would include a debit to Accumulated Depreciation.
A fixed asset is a term used in accounting for assets and property that cannot be easily converted into cash. It is also known as long-lived assets or property, plant, and equipment. Fixed assets differ from current assets, which are liquid assets such as cash or bank accounts.
Examples of fixed assets include land, machinery, vehicles, furniture, computer equipment, buildings, and other equipment.
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A crawling peg exchange rate policy is one that _______. A crawling peg exchange rate is achieved _______.
A crawling peg exchange rate policy is one that follows a path determined by a decision of the government or the central bank A crawling peg exchange rate is achieved by central bank intervention in the foreign exchange market.
What is a crawling peg exchange rate policy?A crawling peg can be described as the system of exchange rate adjustments which can be used by the country whereby the currency with a fixed exchange rate is allowed to fluctuate within a band of rates hoever the par value of the stated currency as well as the band of rates can undergo some adjusted frequently, mostly in times of high exchange rate volatility.
In conclusion, the country de factopegs its currency and thisd is usually done with fixed rate to another currency or a basket of currencies, and in this case the basket is formed from the currencies of major trading which reflect the geographical distribution of trade, services, or capital flows.
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Nathan deposited $4,500 into a savings account that pays 8% annual interest, compounded quarterly. Which of the following is the best approximation of the interest will he earn in one year if he does not make any further deposits or withdrawals from this account?
360
371
752
1083
1445
Nathan deposited $4,500 into a savings account . The interest he earn in 1 year is 360
Calculating the problem:Compound interest is calculated on the principal amount, as well as on any interest already earned.
P = Principal, r = Interest rate (in %), n = number of times per year, t = number of years.
Simple interest = Principal Amount x Interest Rate x Time
Simple interest = 4500 x 8/100 x 1
Simple interest = 45 x 8
Simple interest = 360
How can I make money with compound interest?
Compound interest is calculated by multiplying the initial principal amount by 1 and adding the annual interest rate minus the number of compounding periods. After that, the total amount of the first loan is subtracted from the resulting value.Compound interest is adding interest to the principal of a loan or deposit, i.e. principal plus interest.
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if no variations in demand or lead time exist, the rop will equal a. the eoq. b. demand during lead time. c. safety stock. d. the service level. e. the eoq plus safety stock.
An employee who is hired by a business by an oral or written agreement is an agent and has been given to act on behalf of the business. a, lingering apparent authority b. valid formation c. express authority d. agency by estoppel
An employee who is hired by a business by an oral or written agreement is an agent and has been given express authority to act on behalf of the business. The Option C is correct.
What is an express authority?In agency law, an express authority means an agent's power to act on behalf of a principal, which is expressly granted by the principal. It could be given in an agency agreement or through clear and express oral instructions.
Most time, the result of an express authority is that the conduct of an agent can legally make representations for the principal or even legally bind the principal in a contract.
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The horizontal axis on the aggregate demand-aggregate supply model measuresa. the level of employment.b. the price level.c. the price of the specific product produced.d. the level of total output.
The horizontal axis on the aggregate demand-aggregate supply model measures the level of total output.
In contrast, the horizontal axis of the combination calls for and combination deliver diagram measures GDP, that is the sum of all of the very last items and offerings produced withinside the financial system, now no longer the amount in a particular market.
A horizontal combination deliver curve method manufacturers will now no longer deliver items at a decrease charge anymore. Any authority's stimulus or increase withinside the financial system will simply growth output. This method the financial system has plenty of efficient potential left unutilized.
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TRUE/FALSE. whether to use a direct or an indirect strategy in delivering bad news to employees depends primarily on the anticipated reaction of the receiver.
When breaking bad news to employees, deciding whether to use a direct or indirect approach largely depends on how the recipient is expected to react. False is the answer.
Directly delivering a message of bad news.
When the audience values conciseness, the message must be brief, the message is complex and may not be easily understood, the message relates to a well-known issue or problem, or you are ending a business relationship, the direct approach is frequently used.
Indirectly communicating bad news.
You might prefer to use the indirect method if the bad news could have a significant impact on the recipient or if you don't know them well.
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The sales philosophy and process that emphasizes a commitment to maintaining customer relationships over the long term and investing in opportunities that are mutually beneficial to all parties is known as ________ selling.
The sales philosophy and process that emphasizes commitment to maintaining the customer relationships over long term and investing in opportunities that are mutually beneficial to all the parties is known as relationship selling.
What is customer relationship?Customer relationship management (CRM) is a process that businesses and other organizations use to manage their interactions with customers. CRM systems gather information from a variety of communication avenues, including a company's website, phone, email, marketing materials, and more recently, social media. They give businesses the opportunity to discover more about their target markets and how to best meet their needs, retaining customers and boosting sales. CRM can be applied to past, present, or prospective clients. CRM refers to the ideas, methods, and regulations that a business adheres to when speaking with its customers.
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on december 31, 2020, sage inc. has a machine with a book value of $958,800. the original cost and related accumulated depreciation at this date are as follows. machine less: accumulated depreciation book value $1,326,000 367,200 $958,800 depreciation is computed at $61,200 per year on a straight-line basis. presented below is a set of independent situations. for each independent situation, indicate the journal entry to be made to record the transaction. make sure that depreciation entries are made to update the book value of the machine prior to its disposal.Afire completely destroys the machine on August 31, 2021. An insurance settlement of $438,600 was received for this casualty. Assume the settlement was received immediately. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit August 31, 2021 (To record current depreciation.) August 31, 2021 (To record loss of the machine.) On April 1, 2021, Bridgeport sold the machine for $1,060,800 to Yoakam Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit April 1, 2021 (To record current depreciation.) April 1, 2021 (To record sale of the machine.) On July 31, 2021, the company donated this machine to the Mountain King City Council. The fair value of the machine at the time of the donatio was estimated to be $1,122,000. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If ne entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit July 31, 2021 (To record current depreciation.) July 31, 2021 (To record donation of the machine.)
A continual, permanent, and steady decline in the book value of fixed assets is referred to as depreciation. This kind of shrinkage is calculated based on the cost of the assets used by the company, not on the asset's market worth.
Date
Account Titles and Explanation
Debit
$40,800
Credit
August 31, 2018 Depreciation Expense ($61,200/12*8)
Accumulated Depreciation - Machine
$40,800
(To record current depreciation)
August 31, 2018
Cash
Accumulated Depreciation - Machine ($367,200+ $40,800)
$438,600
Loss on Disposal of Machinery (Bal. fig)
$408,000
$479,400
Machinery
(To record loss of the machine)
$1,326,000
Date
Account Titles and Explanation
Debit
Credit
April 1, 2018
Depreciation Expense ($61,200*3/12)
Accumulated Depreciation - Machine
$ 15,300
$15,300
(To record current depreciation)
April 1, 2018
Cash
Accumulated Depreciation - Machine ($367,200 + $15,300)
$1,060,800
$382,500
Gain on Disposal of Machine (Bal. fig)
$117,300
Machine
(To record sale of the machine)
$1,326,000
Date
Account Titles and Explanation
Credit
July 31, 2018
Depreciation Expense ($61,200*7/12)
Accumulated Depreciation - Machine
Debit
$35,700
$35,700
(To record current depreciation)
July 31, 2018
Contribution Expense
$1,122,000
Accumulated Depreciation - Machine ($367,200+ $35,700)
$402,900
Gain on Disposal of Machine (Bal. fig)
$198,900
Machine
$1,326,000
(To record donation of the machine)
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a data analyst is evaluating data to determine whether it is good or bad. which qualities characterize good data? select all that apply.
1)Comprehensive. 2) Current 3) Cited are qualities that characterize good data.
What does a data analyst actually do?A data analyst examines data to find significant customer insights and potential uses for the information. They also advise the company's management and other stakeholders of this information.
What is a good data?
Accurate means true, precise, and current. Complete: all necessary information is provided. Data is stored in a format that is appropriate and standardized when it is conformant. Information within or between systems is accurate and consistent; there are no discrepancies.
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when the economy is in a recession, the government can use expansionary fiscal policy to stimulate and encourage economic growth. which of the following scenarios represent expansionary fiscal policies from both a supply perspective and a demand perspective?
Future taxes are decreased by the government while the Federal Reserve tightens the monetary base and boosts interest rates.
What is the fundamental meaning of economy?A community's resource allocation is ultimately determined by a collection of interrelated processes for production and consumption collectively referred to as an economy. The creation and use of services and products in its entirety satisfy the needs of those who reside there and conduct business there.
Which are some instances of economy?The traditional economy, which uses a country's traditions and history to direct the production and sale of goods, is a well-known illustration of an economy. The main pillars of market societies are agriculture, fisheries, & hunting.
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The complete question is-
When the economy is in a recession, expansionary fiscal policy can be used to stimulate and encourage economic growth. Which of the following scenarios represent expansionary fiscal policies from both a supply and demand perspective at the same time?
Select one:
a. The government lowers tax rates.
b. The government lowers tax rates and issues a partial refund of taxes that have already been paid.
c. The government raises tax rates and reduces unemployment insurance payments.
d. The Federal Reserve decreases the money supply and raises the interest rate while the government simultaneously reduces future taxes.
all of the following will increase the value of an american call except: group of answer choices an increase in time to expiration. a decrease in the exercise price. an increase in the volatility of the return on the underlying asset. an increase in the underlying stock price. a decrease in the risk-free rate of return.
All of the following will increase the value of an American call except the decrease in exercise price that is option B is correct.
A call option is referred to as the option that gives any individual or entity to buy a stock. An American call option is the option that allows the individual to buy the stocks in America or American organizations. It allows the individual to gain profits from the stocks as soon as the prices of the stocks go high or they move favorably upwards. If the time to expiration of an American call will be more then there will be more chances of earning from the stock. The American style call option allows the individual to exercise all the powers related to stock before and during the time of expiration date.
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not every decision consumers make will turn out to be perfect because consumers can never have all thethey might need to make the perfect decision.
Because of their financial limitations, consumers must carefully consider their options because they cannot fulfill all of their preferences.
What does the consumer describe?
People who purchase goods with their own purposes and utilize or consume them are known as consumers.. Although a customer cannot sell the good, product, or service, he or shemay utilise it to carry out self-employment and support himself or herself. Describe a consumer. The person who really uses any services or goods is known as the consumer.
What does a consumer look like?
Consumers are any person or entity who uses a goods and services in its entirety. Here are several examples: A customer who pays a hairstylist to cut and style their hair. a business that purchases printers for businesses.
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according to the text, it makes good business sense to go green, and companies that choose to do so are reporting higher gross margins, higher return on sales, higher return on assets, and a stronger cash flow than their less sustainable competitors.
According to the text, it makes good business sense to go green, and companies that choose to do so are reporting higher gross margins, higher return on sales, higher return on assets, and a stronger cash flow than their less sustainable competitors. David L. Lawrence Center in Pittsburgh.
He essence is that this: a few organizations have labored out that they are able to meet their customers' wishes better than their opposition. The result – they perform higher. if they do that continually over a long term duration, they are stated to have a sustainable competitive advantage.
A nstance of a business enterprise with a sustainable aggressive benefit is Walmart. Walmart continues a sustainable aggressive benefit in element due to the fact its strategies are particular to its employer and those strategies are regarded for growing an opening between Walmart's performance and that of its competitors.
Sustainable aggressive advantage takes place when a enterprise continuously outperforms its competitors inside the same industry or field. most often, companies with this kind of benefit create a cost for his or her clients it really is advanced whilst compared to different groups.
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a menu item costs a manager $2.20 to produce. the manager wants to achieve a 40% food cost on the item. what should be the item's selling price?
The selling price of the item is $5.50
What is the selling price?
A buyer's cost to acquire a good or service is known as the selling price. This pricing strategy may differ based on what buyers are willing to pay, what the seller will accept, and how competitive the price is in relation to those of competing companies in the market. It is important to figure out your average selling price because it enables you to keep an eye on market trends and make predictions. It can be a great way to decide on a pricing strategy if you're a start-up manufacturer.
Given:
Cost price = $2.20
Profit margin = 40% = 0.40
So, the selling price is calculated as:
$2.20/0.40 = $5.50
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The objective of aggregate planning is to meet forecast demand while ________ over the planning period.
Typically, the goal of aggregate planning is to satisfy anticipated demand while minimizing inventory levels and promoting employment stability.
What exactly does aggregate planning entail?Aggregate planning is a technique for creating a comprehensive manufacturing plan that guarantees continuous production at a facility. Typically, a 3- to 18-month time frame is used for aggregate production planning.
what is An illustration of aggregate planningThe normal time frame for aggregate planning is twelve months. The use of temporary personnel, forced layoffs for a set length of time, and cross-training are a few instances of aggregate planning. This serves as a useful benchmark to assess how well resources are being used and how well plans are being executed.
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There are four possible global marketing strategies, one of which is a mixed strategy, which involves offering ________.
A) a uniform product and a customized message
B) a customized pricing scheme and a uniform message
C) a uniform product and a uniform message
D) a customized product and a customized message
E) a uniform product and a uniform pricing scheme
There are four possible global marketing strategies, one of which is a mixed strategy, which involves offering a uniform product and a customized message.
The correct option is A.
A company's marketing initiatives in various areas are coordinated as part of a global marketing strategy (GMS), which includes markets from several different regions of the world. While a GMS need not be applicable in every country, it should in at least a few.
Product, service, and pricing are the strategies. The mixed marketing strategy is a group of strategic marketing tools that may be managed and employed by a company to elicit a certain response from its target market. It includes every move a company may make to influence the demand for its products among consumers.
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true or false: alerts provides the monitoring of a company name, the products the company produces, and the company's trademarks, but not of competitors' brands.
The right answer to this true and false question is False.
Alerts where a user can monitor what's being said online about a particular person, topic, or company.
-Users can enter terms they want to monitor (includes: company name, products company produces, company's trademarks, and high-level employees)
-Monitor: competitor's brands, industry news topics, regulations and laws that affect the company, customer's company names
-Prioritize alerts ("company name + fraud" or "company name + scam")
-What users can decide on alert: specify the type of content they want, language, region/geography to monitor, frequency in which alerts are delivered, # of results they want, receive my email or not.
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which of the following is not a recognized source of it best practices according to itil? a. proprietary knowledge b. industry standards c. training d. auditors
Out of the choices provided above, it can be concluded to state that auditors are not a recognized source of IT practices, according to the guidelines of the ITIL. Therefore, the option D holds true.
An auditor can be referred to or considered as a professional who is responsible for checking and assessment of the accounting records and financial statements prepared by an accounting firm. An auditor verifies the correctness of the accounting records. An auditor, however, is not a qualified person to practice IT activities.
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The risk of bankruptcy tends to travel with the risk of foreclosure since both can result from financial distress. Known popularly by its section in the Federal Bankruptcy Code, which of the following types of bankruptcy is a court-supervised workout for a troubled business?
A) Chapter 7 bankruptcy
B) Chapter 13 bankruptcy
C) Chapter 11 bankruptcy
D) Chapter 1 bankruptcy
Option C is correct. The type of bankruptcy is a court-supervised workout for a troubled business is Chapter 11 bankruptcy.
The primary goal of restructuring and bankruptcy attorneys is to keep their clients out of bankruptcy. The technical word "bankruptcy" refers to situations in which financially troubled businesses petition for Chapter 11 restructuring under court supervision when they are unable to do so on their own.
According to Don Bernstein, chair of Davis Polk's restructuring division, the corporation must successfully "restructure its debt to the it together and retain its value" in order to avoid this situation. However, whether through litigation or not, the road to financial sustainability can be difficult. Since there are so many different actors involved and legal expertise is required, bankruptcy and restructuring are rather complex practices.
Lawyers for bankruptcy and reorganization must be skilled in both transactional work and litigation in a variety of fields, including M&A, securities, banking, labor and employment, environment, tax, and intellectual property.
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the u.s. income tax a. will reduce the administrative burden of taxation. b. has no effect on saving. c. encourages saving. d. discourages saving.
The U.S. income tax will reduce the administrative burden of taxation.
Income tax is a type of tax that governments impose on earnings generated by using groups and people within their jurisdiction. earnings tax is used to fund public services, pay government obligations, and offer goods for citizens.
Taxes are the number one supply of revenue for maximum governments. amongst different things, this cash is spent to enhance and hold public infrastructure, consisting of the roads we tour on, and fund public offerings, together with colleges, emergency services, and welfare packages. now not all people is required to record their taxes.
Whether you want to report your taxes relies upon on four factors: your earnings, filing fame, age, and whether or not you fall underneath a unique situation. Even if you aren't required to report taxes, you could need to record for tax credits and different advantages.
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does the ccr report provide relevant information that enables their various constituents to evaluate the overall performance and financial conditions
RBI will have constituted a central Knowledge base on Large Credits (CRILC) to capture, store, as well as publish information across all credit history' credit exposures. Organizations Institutions have always been expected to submit research results to CRILC.
The RBI has required all of its regulated entities to provide financial info to all four CICs individually. CICs provide value-added services such as credit reporting as well as statistics to member credit institutions including borrowers for economic uses, based on their unique availability of credit data.
CCR would be a reporting system that requires credit issuers, including such banks, to submit their customers' credit records. This enables financial organizations to make better lending decisions. Credit companies disclose both positive as well as negative credit data under Integrated Credit Reporting.
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If you are naturally short the position on an asset and you enter into a long forward position for that asset (same dollar amounts), then the payoff diagram for the combined postions would look like __________________. Group of answer choices
a option payoff.
a put option payoff.
a call option payoff.
a flat line since the losses in the natural postion and the forward would offset making the payoff the same in all possible prices.
a line with a 45 degree slope since the losses in the natural postion and the forward would offset .
If you are naturally short position on asset and you enter into long forward position for that asset, then payoff diagram for combined positions would look like put option payoff.
What is a put option?Various underlying assets, such as equities, currencies, bonds, commodities, futures, and indices, are used as the basis for put options trading. The difference between a call option and a put option is that a call option grants the holder the right to purchase the underlying security at a stated price on or before the option contract's expiration date. As the price of the underlying stock or investment declines, a put option gains in worth. As the price of the underlying stock rises, a put option, on the other hand, becomes less valuable. As a result, they are frequently applied for hedging purposes or to make predictions about downward market behavior. As the price of the underlying stock or investment declines, a put option gains in worth.
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The major understandings and assumptions for an organization, which are often neither stated nor documented as goals or formal policies, are known as _____.
Organizational culture refers to the core beliefs and presumptions of a company that are frequently neither explicitly stated nor formalized as objectives or rules.
What is formal policies?A formal language-based description of particular actions or security policies that makes it possible to formally prove their correctness. Formal strategies are those used by government bodies in the form of laws, court rulings, and actions by regulatory agencies. Theodore J. Lowi, an American political scientist, proposed four different types of policies in his articles "Four Systems of Policy, Politics and Choice" and "American Business, Public Policy, Case Studies and Political Theory," namely distributive, redistributive, regulatory, and constituent.
Why is it important to have a formal policy?Organizations benefit from policies because they give their operations direction, consistency, responsibility, efficiency, and clarity. This provides standards and guiding concepts for co-operative members to abide by. Policies outline an organization's aims and offer instructions on how to accomplish goals.
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The sum of ordering and holding costs per period for the economic order quantity becomes a ________ percentage of the purchasing cost as the demand rate __________.
A) Smaller; Increases
B) Fixed; Decreases
C) Fixed; Increases
D) Larger, Increases
As demand increases, the economic order quantity's share of the purchase price decreases.
What is the calculated economic order quantity?The economic order quantity, or EOQ, is a computation used to determine the best order amount for firms in order to reduce transportation expenses, warehouse space costs, stockouts, and overstock prices. It is also known as "optimum lot size." EOQ = square root of [2(setup costs)(demand rate)] / holding costs is the formula.
Why do we calculate economic order quantity?Why is the Economic Order Quantity formula necessary? These instances of misstocking can be prevented with the aid of the Economic Order Quantity (EOQ) calculation. It determines the best number of units you should order such that both the cost and quantity are reasonable.
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suppose that the level of gdp increased by $300 billion in a private closed economy where the marginal propensity to consume is 0.90. aggregate expenditures must have increased by
The level of GDP increased by $300 billion in a private closed economy where the marginal propensity to consume is 0.90. aggregate expenditures must have increased by $30 billion.
The market worth of all the final goods and services produced and sold (not resold) in a certain time period by countries is measured in dollars using the term "gross domestic product" (GDP). This measure is frequently amended before being regarded as a trustworthy indication due to its subjective and complex character. To compare living standards between countries, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful, whereas nominal GDP is more useful for comparing national economies on the global market. GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries. The contribution of each industry or sector to the overall GDP can also be quantified. Numerous national and international economic groups maintain GDP definitions. GDP is described as "an aggregate measure of production equal to the sum of the gross values added of all resident and institutional units engaged in production and services (plus any taxes, and minus any subsidies on products not included in the value of their outputs)" by the Organization for Economic Co-operation and Development (OECD). GDP "measures the monetary worth of final products and services that are acquired by the final user produced in a country in a certain period of time," according to a release from the IMF (say a quarter or a year). The per capita GDP of a region is calculated as the GDP divided by the total population (also called the Mean Standard of Living).
Multiplier is given by :
[tex]K=\frac{1}{1-MPC} \\[/tex]
Given, MPC = 0.90
Therefore,
[tex]K=\frac{1}{1-MPC}=\frac{1}{1-0.90}=\frac{1}{0.1}=10[/tex]
Also, the multiplier can be written as:
K=ΔY/ΔE
Given, change in income = $300 billion
Therefore the change in expenditure can be found as below:
K=ΔY/ΔE*ΔE=ΔY/K*ΔE=300/10ΔE=30
There is an increase in aggregate expenditure by $30 billion.
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calculate the adjusting entry to record bad debts expense assuming uncollectibles are estimated using the aging of accounts receivable method based on the percentages below. g
The percentages may be estimates primarily based on an employer's previous records of the collection.
The expected probabilities are then extended by using the whole amount of receivables in that date variety and delivered collectively to determine the quantity of horrific debt expense.
Multiply the overall for whatever period by way of a given percent deemed to be uncollectible, and sum the totals. Assuming that the Allowance for dubious debts has a credit score stability, subtract the amount of the credit balance from the amount envisioned to be uncool- flexible to get the quantity of the adjusting entry.
Increase the terrible debt price account with a debit and reduce the money owed receivable account with a credit.
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suppose that the effective interest rate per interest period is 3.9%. describe what the annuity symbol a 18 means.
In the world of insurance, the number 18 refers to an annuity with a payout of one unit every year for 18 years.
What does "effective interest rate" mean?The percentage of interest on a loan or financial product if compound interest builds up over the course of a year with no payments made is known as the effective Annual Equivalent Rate (AER), Effective Annual Interest Rate (EIR), or just effective rate
What is the monthly effective interest rate?The effective interest rate is the one that takes into account the compounding times throughout a payment schedule. It is employed to compare the yearly interest on loans with various compounding periods, such as a week, month, or year. Generally speaking, the stated or nominal interest rate is lower than the real one.
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what should you use instead of a verbal filler during a presentation if you are struggling with what your next word should be?
you should use instead of a verbal filler during a presentation if you are struggling with what your next word should be Pause.
An audience is informed by a speaker through a presentation. A presentation's typical objectives are to inform, convince, inspire, motivate, promote goodwill, or suggest a cutting-edge idea or service. Presentations include speeches, opening statements, lectures, and exhibits. For presentations, preparation, planning, organization, writing, the use of visual aids, managing tension, and responding to inquiries are frequently required. The "fundamental aspects of a presentation" are the "presenter, audience, message, response, and means to offer speech for organisational achievement in an effective manner." Presentations are widely used in tertiary professional settings by accountants to deliver in-depth financial analyses of businesses or by entrepreneurs to pitch their venture ideas to investors. The expression can also refer to a formal or ceremonial greeting or gift.
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redmont company's gross salaries and wages are $26,000, and it withholds $3,900 for income taxes and $1,989 for fica taxes, the journal entry to record the employees' pay should include a:
According to the condition, the journal entry to record the employees' pay should include a credit to Salaries and Wages Payable for $20,111. Thus, the correct option is (D).
A journal entry is the act of maintaining or producing records of any economic or non-economic transaction.
A company's debit and credit balances are displayed together with a listing of transactions in an accounting journal. The journal entry can be made up of many records, each of which is either a debit or a credit.
A journal entry is often recorded in the main ledger; however, it may also be entered in a subsidiary ledger before being summarised and rolled forward into the general ledger.
Here,
Gross salaries and wages = $26000
Withhold amount = $3900
Income taxes = $1989
Calculate the total withhold amount as follows:
Total withhold amount = $3900 + $1989
= $5889
Calculate the salaries and wages payable amount as follows:
Amount of salaries and wages payable = $26000 - $5889
= $20111
Therefore, the correct option is (D).
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This is an incomplete question, the complete question is:
Redmont company's gross salaries and wages are $26,000, and it withholds $3,900 for income taxes and $1,989 for fica taxes, the journal entry to record the employees' pay should include a?
Multiple Choice
A. debit to Salaries and Wages Expenses for $20,111
B. debit to Salaries and Wages Payable for $20,111.
C. credit to Salaries and Wages Payable for $26000
D. credit to Salaries and Wages Payable for $20,111.
bolt's product manager continues to perform well in the market. however, a competing product is coming on strong and is looking to take over as the market share leader in the segment. without sacrificing contribution margin, what can the bolt product manager do in order to improve upon the buying criteria, and thus potentially increase demand?
Increase the promotion budget to gain greater awareness, A promotional budget is a certain sum of money set aside to advertise a company's or organization's goods or viewpoints.
The meaning of promotionA variety of acts intended to raise public awareness or advance a product are included under the umbrella term "promotion." When discussing career advancement, it refers to elevating a worker's position or rank within a hierarchical system.
The most important role of a promotion is to set a business apart from its competitors. No business would ever need to run promotions if there was no competition. You must always be one step ahead of your competitors if you want your customers to keep doing business with you.
That promotion—what kind is that?Frequently used cost-cutting strategies include handing out coupons or vouchers, temporarily reducing prices through discounts, sampling, offering giveaways, holding flash sales or buy one get one free deals, and many more.
To learn more about Promotion visit:
https://brainly.com/question/20472836
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