Salary expense is $2,600 per day, Monday through Friday, and the business pays employees each Friday. If December 31 falls on a Tuesday, the adjusting entry to record accrued salaries would be to:
A) debit Salaries Payable, $2,600; credit Salaries Expense, $2,600.
B) debit Salaries Expense, $5,200; credit Salaries Payable, $5,200.
C) debit Salaries Expense, $2,600; credit Salaries Payable, $2,600.
D) debit Salaries Payable, $5,200; credit Salaries Expense, $5,200.
B) debit Salaries Expense, $5,200; credit Salaries Payable, $5,200.
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On December 31, Winters Company received a $385 bill for the purchase of supplies in December that it will not pay for until January 15. Winters follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry needed on December 31 to accrue this cost is:
A. Debit Accounts Payable $385; credit Cash $385. B. Debit Accounts Payable $385; credit Supplies $385. C. Debit Supplies Expense $385; credit Cash $385. D. Debit Supplies $385; credit Accounts Payable $385. E. Debit Supplies Expense $385; credit Supplies $385.
Which statement is true about labor markets?
A. An organization's competitors in labor markets only include companies with different products. B. Organizations compete to sell labor in the labor market. C. Competition for labor establishes the minimum an organization must pay to hire an employee for a particular job. D. Changes in the CPI do not affect the labor market. E. Cost-of-living considerations have little impact on labor-market rates.
Non-statistical samples should be based on the same audit considerations as those used for statistical sampling
a. True b. False Indicate whether the statement is true or false
Last semester, Henri bought his textbooks over the Internet and saved a considerable amount of money. Classes start in a few days, and he needs to decide right away how and where to purchase his books. Henri will most likely engage in a(n) ________ process.
A. ritual consumption B. impulse buying C. affective decision D. limited problem-solving E. extended problem-solving