Answer:
The reversing entries are outlined below
Explanation:
The accountant should reverse the entries made for salaries payable and interest receivable accruals.
December 31, 2021 (To document interest receivable)
DEBIT CREDIT
Interest receivable [$115,000*8%*3/12] 2300
Interest revenue 2300
December 31, 2021 (To document salaries payable)
DEBIT CREDIT
Salaries expense 7550
Salaries payable 7550
January 1, 2022 (To reverse entry from December 31, 2021)
DEBIT CREDIT
Interest revenue 2300
Interest receivable 2300
January 1, 2022 (To reverse entry from December 31, 2021)
DEBIT CREDIT
Salaries payable 7550
Salaries expense 7550
Answer:
The accurate choice is the second option: Supply Chain.
Explanation:
Essentially, the term "Supply Chain" in the business context signifies the entire sequence of processes that a product undergoes from inception to the point of sale to the final customer, who effectively completes the cycle. Furthermore, this concept incorporates the various firms involved in the overall production of the item, thereby encompassing all operations associated with the movement and conversion of the product.
Answer:
The true statements regarding the market are:
1) The cupcakes are priced below their equilibrium level. This is evident as excess demand exists, which wouldn't be the case at the equilibrium price.
3) Customers getting cupcakes are those who value them the most, seen through their willingness to queue before the bakery opens.
4) The bakery does not rely solely on price for distributing cupcakes. Timing plays a role; only those who arrive early get them.
Statements (2) and (4) are incorrect because those conditions only hold true at the equilibrium point.
Answer:
Choice C is the correct selection.
$104.4
Explanation:
Cash sales calculation = revenue plus changes in accounts receivable and deferred revenue
= 95.4 + 121.5 - 123.5 + (45.6 - 34.6)
= $104.40
