The employees of Dew Drop Inn get paid every Friday for a 5-day work week (Monday through Friday). The total payroll is $5,000 per day of work
If the accounting period ends on Wednesday of a given week, and the proper adjustment is made on Wednesday, what will be the effect of the adjustment on the company's financial statements?
A) The balance sheet will report Salaries payable of $25,000.
B) The income statement will report additional salaries expense of $25,000.
C) The balance sheet will report Salaries payable of $15,000.
D) The income statement will report Salaries payable of $15,000.
C
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Many of the national markets of Eastern Europe, Latin America, Africa, and Asia may still be underdeveloped, but they are potentially enormous. Which of the following is a risk to businesses moving into these regions?
a) it is likely that communist dictatorship will return to these regions b) there is no guarantee that democracy will thrive in many of the world's newer democratic states c) these regions are likely to have consistent domestic economic growth and not be open to foreign investment d) businesses in emerging markets are frequently taken over by the states
A culture in which inequalities are minimized and employees are empowered and encouraged to make decisions would be described as _____
a. an affiliation culture b. an independent culture c. a low power-distance culture d. a high power-distance