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Employees earn vacation pay at a rate of one day per month.The company estimated and must expense $1,500 of accrued vacation benefits for the year.Which of the following is the necessary year-end adjusting entry to record accrued vacation benefits?

A) Debit Vacation Benefits Expense $1,500; credit Prepaid Vacation $1,500.
B) Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500.
C) Debit Payroll Tax Expense $1,500; credit Payroll Taxes Payable $1,500.
D) Debit Prepaid Vacation Benefits $1,500; credit Vacation Benefits Payable $1,500.
E) Debit Prepaid Benefits Payable $1,500; credit Vacation Benefits Expense $1,500.

On Jul 13, 2024


B
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In repeated games,players may be willing to accept lower payoffs in the short run in exchange for greater net payoffs over the long run.

On Jul 12, 2024


True
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Which population group is most likely to spread incorrect information?

A) Public affairs
B) Trolls
C) The misguided
D) Unhappy customers
E) Ragers

On Jun 13, 2024


C
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To continuously monitor the amounts and locations of their stocks,perpetual inventory systems typically use computers.

On Jun 12, 2024


True
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Identify the factors that influence new product opportunities.

On May 14, 2024


Factors that influence new product opportunities include economic change, sociological and demographic change, technological change, political change, and other changes brought about through market practice, professional standards, suppliers, and distributors.
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If a woman whose average tax rate were 25 percent had a taxable income of $40,000,how much tax would she pay?

On May 13, 2024


$40,000  .25 = $10,000