What is the effect of the failure to accrue sales salaries

Assignment Help Accounting Basics
Reference no: EM133922932

Problem

On December 31, Year 4, Deal, Inc., failed to accrue the December Year 4 sales salaries that were payable on January 6, Year 5. Get the instant assignment help. What is the effect of the failure to accrue sales salaries on working capital and cash flows from operating activities in Deal's Year 4 financial statements?

Reference no: EM133922932

Questions Cloud

How would you define the core value of excellence : What are some examples of teacher excellence that you have seen modeled in your practicum classrooms?
Develop a leadership project proposal : Develop a leadership project proposal with a cross-curricular or global-theme that benefits students. Discuss your ideas for your project focus
Describe the new deal from 1933-1939 : Describe the New Deal from 1933-1939. Why was it necessary for President Roosevelt to take such drastic political steps during this time?
What fundamental aspect is being considered in this analysis : In a school, it is decided to integrate tablets into science classes. What fundamental aspect is being considered in this analysis?
What is the effect of the failure to accrue sales salaries : What is the effect of the failure to accrue sales salaries on working capital and cash flows from operating activities in Deal's Year 4 financial statements?
Create a webpage to implement with students : Create a webpage to implement with students/stakeholders to communicate information, including a Web Quest activity. If you have the website previously created
Prepare its year-end statement of owners equity : Complete this question by entering your answers in the tabs below. Prepare its year-end statement of owner's equity, using net income calculated.
Value of primary sources in terms of historical perspective : DESCRIBE the value of primary sources in terms of historical perspective. Use at least one specific example from The Fog of War.
Which state model provides more equitable access : Which state model provides more equitable access to funds? Why? If neither state does, please explain that. Propose an adjustment to your state funding formula

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