31: Accrued 3 days of salaries at a total cost of $1‚400. 12/31: Accrued vacation pay amounting to 6% of December’s $36‚000 total wage and salary expense. Instructions a.Prepare journal entries to record the preceding transactions and events. b.Determine accrued interest as of December 31‚ 20XX‚ and prepare the necessary adjusting entry or entries. c.Prepare the current liability section of Visconti’s December 31‚ 20XX balance sheet. 2.Notes payable. Red Bank Enterprises was involved
Premium Salary Liability Wage
AP UNITED STATES GOVERNMENT AND POLITICS FREE-RESPONSE QUESTIONS Directions: You have 100 minutes to answer all four of the following questions. Unless the directions indicate otherwise‚ respond to all parts of all four questions. It is suggested that you take a few minutes to plan and outline each answer. Spend approximately one-fourth of your time (25 minutes) on each question. In your response‚ use substantive examples where appropriate. Make certain to number each of your answers as the question
Premium President of the United States United States Congress Supreme Court of the United States
express demand for a product when you are willing and able to purchase it learn about the factors that cause changes in demand What is demand? - combination of desire‚ ability‚ and willingness to buy a product Main Idea: Demand is a concept specifying the different quantities of an item that will be bought at different prices. the concept of demand is easy to understand because it involves only two variables—the price and quantity of a specific product at a given point in time. Demand Schedule-
Premium Supply and demand
Supply and demand are the starting point of all economic investigation. It is important to be able to level the two. Supply is the different qualities that a producer will make available to the market at different prices. Demand is the various quantities that a consumer is willing to buy at various prices. There are several reasons demand changes such as; income‚ preference‚ taste‚ changes and expectations in future pricing. The factors that affect supply would be prices and profit. Firms are profit
Premium Supply and demand
DETERMINANTS OF DEMAND The determinants of individual demand of a particular good‚ service or commodity refer to all the factors that determine the quantity demanded of an individual or household for the particular commodity. 1) INCOME Income is one of the factors that affect the demand for a given product. Normally‚ we expect that as one’s income rises (falls)‚ the demand for a product will rise (fall). Because we normally expect this to be true‚ a good for which this statement
Premium Consumer theory
Lecture 5: Markets and Demand Money. -Barter requires no special tools. -Buying and selling requires money. -Selling means obtaining money in exchange for goods. -Buying is the opposite. -Commodity money: salt‚ gold. -Fiat money: modern money. Has no value of its own (paper or computer memory)‚ its declared to be money by the government or other institution. Acceptance of money. -Why do people accept paper money? We accept it because we know others will accept it. -Bitcoin: money invented
Premium Supply and demand
SALTASH FORMATION Saltash Formation - Basaltic Pyroclastic-Rock. Igneous Bedrock formed approximately 342 to 400 million years ago in the Carboniferous and Devonian Periods. Local environment previously dominated by explosive eruptions of silica-poor magma. Explosive eruptions of silica-poor magma. These rocks were formed from semi-mobile to mobile and highly gaseous silica-poor magma. It rose to the surface‚ where sudden pressure relief caused explosive volcanic eruptions‚ producing fragmentary
Premium Volcano Sedimentary rock Lava
1. Conceptions 1.1. Demand The demand in economics is the amount of a product that consumers are willing and able to purchase at each specific price in a set of possible prices during some specified period of time (Jackson et al.‚ 2004). In addition‚ it is a relationship between two economic variables which are the price of a particular good and the quantity of the good that consumers are willing to buy at that price (Taylor and Frost‚ 2002). Demand also can be described by a table or a
Premium Supply and demand
differences become clear when exploring an audience ’s response to William Shakespeare’s Macbeth‚ from the Elizabethan era and today. The text was written in 1606 and was set in Scotland. The tragedy construes what egotistical ambition can do to the mind. Key themes of loyalty and betrayal‚ the increase in intelligence of humans‚ the way laws govern society and the balance in power between genders affect an audience ’s response to Macbeth. Specifically speaking; Macbeth ’s corruption‚ the three witches and
Premium Macbeth Three Witches Macbeth of Scotland
DEMAND FORECASTING The Context of Demand Forecasting The Importance of Demand Forecasting Forecasting product demand is crucial to any supplier‚ manufacturer‚ or retailer. Forecasts of future demand will determine the quantities that should be purchased‚ produced‚ and shipped. Demand forecasts are necessary since the basic operations process‚ moving from the suppliers’ raw materials to finished goods in the customers’ hands‚ takes time. Most firms cannot simply wait for demand to emerge and then
Premium Forecasting Logistics