The employees of Neat Clothes work Monday through Friday. Every other Friday the company issues payroll checks totaling $32,000 (or $3,200 per weekday). The current pay period ends on Friday, January 3. Neat Clothes is now preparing financial statements for the year ended December 31. What is the adjusting entry to record accrued salaries at the end of the year?
A. Debit Salaries Expense and credit Salaries Payable for $9,600.
B. Debit Salaries Expense and credit Salaries Payable for $6,400.
C. Debit Salaries Payable and credit Salaries Expense for $22,400.
D. Debit Salaries Expense and credit Salaries Payable for $22,400.
Answer: D
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In terms of a foundation and framework for ethical guidelines, homeostasis:
A) involves maximizing pleasure and minimizing pain B) offers a version of philosophy based on the Golden Rule, which means do unto others what you would have them do unto you C) involves balancing a variety of urges throughout a person's life D) offers guidelines regarding right and wrong as well as what is acceptable and what is not acceptable, within a geographic area
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A. $14,700.00 B. $15,725.00 C. $16,326.54 D. $17,800.20
In general, performance measures-financial and nonfinancial-should relate to what managers at different levels control.
Answer the following statement true (T) or false (F)
Salespeople using the ________ approach recognize their territories contain accounts with heterogeneous needs and differing characteristics that require different selling strategies.
A. undifferentiated selling approach B. territorial development C. market diversification D. account segmentation E. market penetration