He employees of Neat Clothes work Monday through Friday. Every other Friday the company issues payroll checks totaling $24,000. The current pay period ends on Friday, July 3. Neat Clothes is now preparing quarterly financial statements for the three months ended June 30. What is the adjusting entry to record accrued salaries at the end of June

Debit Salary Expense $16,890

Credit Salary Payable $16,800

Explanation:

Accrued expenses are recognised at the end of an accounting period in obedience to the accrual method. All revenues and expenses are to be recognised when they are earned or incurred. The salaries that had accrued at the end of June will have to be recognised by debiting Salary Expense.

The next salary of $24,000 will be paid on July 3. The normal period for payment is 7 days. Days till pay is 7+3 days from July= 10days

$24,000 is payable in 10 days

$ x (accrued wages) will be payable in 7 days

Cross-multiply

$ x= 24,000*(7/10)

$ x= $16,800

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

answer; /// egg production using the factory technique falls less than with the free range technique;