Prior to adjustment at August 31, Salary Expense has a debit balance of $298,500. Salaries owed but not paid as of the same date total $4,200.Present the entries to record the following:
(1)Accrued salaries as of August 31.
(2)Closing of Salary Expense as of August 31.

Define legal detriment.

Steinkraus Corporation has provided the following data:
Required: Compute the accounts receivable turnover for this year. Show your work!

The number of shares currently held by stockholders

A) Authorized shares
B) Issued shares
C) Outstanding shares
D) Par value
E) Common stock
F) Preferred stock
G) Paid-In Capital in Excess of Par
H) Transfer agent

(Table: Cakes) Use Table: Cakes.Pat is opening a bakery to make and sell special birthday cakes.She is trying to decide how many mixers to purchase.Her estimated fixed and average variable costs if she purchases 1,2,or 3 mixers are shown in the table.Assume that average variable costs do not vary with the quantity of output.If Pat purchases 3 mixers and bakes 400 cakes per day,what is her average total cost?

A) $10.25
B) $12.50
C) $16.50
D) $2,504.00

According to the text's definition,leadership is NOT:

A) the ability to take charge in a group.
B) an influence process.
C) a reciprocal relationship rather than a coercive one.
D) a goal-oriented,generative process.