Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 07, 2024

A business pays weekly salaries of P240,000 on Friday for a six-day working period. If the fiscal period ends on Wednesday, what will be the

A business pays weekly salaries of P240,000 on Friday for a six-day working period. If the fiscal period ends on Wednesday, what will be the accrued salaries to be reported on the balance sheet? show your solution

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Costing

Authors: Terry Lucey

5th Edition

1858051657, 9781858051659

More Books

Students also viewed these Accounting questions

Question

★★★★★

In Exercises 19-22, determine the value(s) of h such that the matrix is the augmented matrix of a consistent linear system. 1. 2. 0 3 lh-5 2 -8 6 5

Answered: 1 week ago

Question

★★★★★

Given an information technology (IT) project situation, show how recommended approaches for controlling scope can improve the potential for project success

Answered: 1 week ago

Question

★★★★★

What is the sampling distribution of???????? ????????se(????????)when (a) the normality assumption is valid? (b) ???? is large?

Answered: 1 week ago

Question

★★★★★

Raleigh Department Store converted from the conventional retail method to the LIFO retail method on January 1, 2009, and is now considering converting to the dollar-value LIFO retail inventory...

Answered: 1 week ago

Question

★★★★★

On April 2, Granger Sales decides to establish a $380 petty cash fund to relieve the burden on Accounting. Required: (a) Joumaize the establishment of the fund." (b) on April 10, the petty cash rund...

Answered: 1 week ago

Question

★★★★★

Real accounts are more commonly referenced as account Real accounts are more commonly referenced as account:

Answered: 1 week ago

Question

★★★★★

In late 2018, Mike was approached by a representative of a company called Cycle Tech Inc. (CTI) and asked if he would be interested in incorporating its proprietary technology, CycleScape, into PHL's...

Answered: 1 week ago

Question

★★★★★

NAPSTER'S REVOLUTION Eighteen - year old Shawn "NAPSTER" Fanning, then a freshman at Northeastern University, dropped out of school and founded Napster Inc. (website was at w.w.w.napster.com) in San...

Answered: 1 week ago

Question

★★★★★

The following statements were printed in journal articles in the field of psychology. Explain to a person who is unfamiliar with the concept of confidence intervals what each statement means. "The...

Answered: 1 week ago

Question

★★★★★

ntent/7227252/fullscreen/54164648/View ignment A major automotive manufacturer has announced that it will close a manufacturing plant in Ohio. The manufacturer has seen declines in automobile sales...

Answered: 1 week ago

Question

★★★★★

Imagine it is currently the first day of 2019. The corporate tax rate is 40% and the WACC is estimated to be 13% pa. Suppose also that there is no surplus cash in any year and that Terminal Value...

Answered: 1 week ago

Question

★★★★★

Explain Purcells statement that trends in corporate strategy have the potential to render the ideals of HRM unobtainable.

Answered: 1 week ago

Question

★★★★★

What is meant by strategy? Explain the meaning of first-order and second-order strategies.

Answered: 1 week ago

Question

★★★★★

Which HR strategy would be the most effective in helping Kamali with the challenges he will face in pursuing a sustainable approach to wine production? Why?

Answered: 1 week ago

Previous Question Next Question