Anthony delivery service has a weekly payroll $35,000. december 31 falls on tuesday and anthony will pay its employees the following monday (january 6) for the previous full week. assume that anthony has a five - day workweek and has an unadjusted balance in salaries expense of $855,000 at december 31. what is the december 31 balance of salaries expense after adjusting entries are recorded and posted?

You work as the sales manager for a company that sells office supplies to businesses of all sizes. because the profit margins are razor-thin, you need to ensure that you are getting the very best prices on paper, pencils, pens, post-it notes, and other office supplies from the manufacturers. when reviewing the quarterly profit statement, you realize that your costs are higher than they should be, and you trace the higher costs back to an employee who has been lax about getting competitive bids to ensure the lowest prices. when you conduct your research to determine the reason for the higher costs, and take action to bring those costs back down, in which of the key management processes are you taking part?