What expense should be recorded in the income statement

Assignment Help Accounting Basics
Reference no: EM132036291

Question - Dooley's Dining Services operates seven days a week with a daily payroll of $ 1,100. Workers are paid weekly on Sundays. The end of the month, July 31, falls on a Saturday. What expense should be recorded in the income statement for the month ended July 31?

Reference no: EM132036291

Questions Cloud

Compute ending inventory at cost : Net markups were $10,300; net markdowns were $7,500; and sales revenue was $155,700. Compute ending inventory at cost using the conventional retail method
Differences between descartes and hume : Visually demonstrate the differences between Descartes and Hume regarding what can be known for certain, and what can be (and should be) doubted.
What is the effect on the accounting equation : Ike's Lawn Service billed a client on May 1 for a service totaling $ 250. When the client pays said costs, what is the effect on the accounting equation
Advocate of ethical egoism would say that person : The advocate of ethical egoism would say that person A is necessarily doing the right thing in doing x if person A sincerely believes that he is doing
What expense should be recorded in the income statement : The end of the month, July 31, falls on a Saturday. What expense should be recorded in the income statement for the month ended July 31
Aquinas-the existence of god : Why did Aquinas try to prove the existence of God? More to the point, why was this not more greatly emphasized in the millennium before Aquinas
What is the value of being an effective critical thinker : What is the value of being an effective critical thinker? Does it make life challenges easier or more challenging?
Refining phase of the critical thinking process : How can you avoid your ego or bad habits from getting in the way of the refining phase of the critical thinking process?
Is sexuality a social construction : We say we live in a world where we don't talk about sex -- but Foucault disagrees -- we do talk about sex a lot and that has implications for how we see

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd