FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Company has 20 employees. They work Monday Friday. Each employee gets 200 per day, but salaries are paid on weekly basis, always on Fridays. August

Company has 20 employees. They work Monday Friday. Each employee gets 200 per day, but salaries are paid on weekly basis, always on Fridays. August 31 is a Wednesday, how much should the company record as salary expense on August 31?

A. 0

B. 2000

C. 4000

D. 12000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Digging For Disclosure Tactics For Protecting Your Firms Assets From Swindlers, Scammers, And Imposters

Digging For Disclosure Tactics For Protecting Your Firms Assets From Swindlers, Scammers, And Imposters

Authors: Kenneth S. Springer, Joelle Scott

1st Edition

0131385569, 9780131385566

More Books

Students also viewed these Accounting questions

Question

★★★★★
If the glass in a glass thermometer had the same coefficient of volume expansion as mercury, the thermometer would not be very useful. Explain.

Answered: 1 week ago

Question

★★★★★
According to the TCP / IP model, HTTP functions at which layer? Network Access Host to Host Application Internet

Answered: 1 week ago

Question

★★★★★
The ash concentration (as a percentage) in a certain type of coal is a continuous random variable with probability density function Find the mean percentage concentration of ash for this type of...

Answered: 1 week ago

Question

★★★★★
Suppose the annual employer 401(k) cost per participant is normally distributed with a standard deviation of $625, but the mean is unknown. a. If 73.89% of such costs are greater than $1,700, what is...

Answered: 1 week ago

Question

★★★★★
You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 10.6 percent, compounded annually. End of year 1....

Answered: 1 week ago

Question

★★★★★
Find the PV of your expected bonus on the contract you just closed! The bonus you would receive in 20 months is $13,112. The opportunity cost is 11%. If your colleague offered to pay you now for the...

Answered: 1 week ago

Question

★★★★★
The answers should identify the capabilities,understandings and knowledge you have gained during the course and how your learning has affected your abilities in a group. 3. discuss the pros and cons...

Answered: 1 week ago

Question

★★★★★
On November 14, US department store chain Macy's alerted customers of a security breach discovered in October on its website that led to the compromise of payment card details and customer...

Answered: 1 week ago

Question

★★★★★
Recommend one strategy at each level - Corporate Level, Business Level and Functional Level for Airbnb arise from pandemic

Answered: 1 week ago

Question

★★★★★
What is the purpose of code of conduct will it impact at the goal decisions how will it be used by the organization and it\'s associates

Answered: 1 week ago

Question

★★★★★
Is there a common thread in the two situations of personal gain? What is different about the Gates scenario and those of the Birmingham officials?

Answered: 1 week ago

Question

★★★★★
highlight how to collect and record interview and diary based data;

Answered: 1 week ago

Question

★★★★★
clarify the relationship between research, theory and practice;

Answered: 1 week ago

Question

★★★★★
evaluate the quality of your data;

Answered: 1 week ago

Previous Question Next Question