The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is
a. debit Vacation Pay Expense; credit Vacation Pay Payable
b. debit Vacation Pay Payable; credit Vacation Pay Expense
c. debit Salary Expense; credit Cash
d. debit Salary Expense; credit Salaries Payable
a
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To estimate the monthly maintenance cost for the maintenance department in a hospital, the following monthly costs are available:
Monthly Expense Costs Supervisor Salary Expense $3,000 Depreciation Expense—Maintenance Equipment $5,000 Repairs Expense—Maintenance Equipment $5,000 Supplies Expense $7,000 Wages Expense—Maintenance Workers $10,000 The Supervisor Salary Expense and the Depreciation Expense are fixed costs. The remaining expenses are variable costs. There are 1,000 patient days in a month, which is the cost driver for maintenance costs. Estimate the cost function where Y is the monthly maintenance cost and X is the variable cost per patient day. A) Y = $8 + $22X B) Y = $8,000 + $22,000X C) Y = $8,000 + $22X D) Y = $30,000 + $22,000X
The finance committee submitted ______ annual update to the CEO and all stockholders
A) ?it's B) ?its' C) its