The amount of cash paid for salaries during the year was $275,000.
To determine the amount of cash paid for salaries, we need to calculate the change in salaries payable during the year.
Beginning Salaries Payable = $41,000
Ending Salaries Payable = $10,000
Change in Salaries Payable = Ending Salaries Payable - Beginning Salaries Payable
Change in Salaries Payable = $10,000 - $41,000 = -$31,000
Since the change in salaries payable is negative, it means that the company paid more in salaries than it accrued during the year.
To calculate the cash paid for salaries, we need to adjust the reported salaries expense by the change in salaries payable:
Cash Paid for Salaries = Reported Salaries Expense + Decrease in Salaries Payable
Cash Paid for Salaries = $244,000 - (-$31,000) = $275,000
Therefore, the amount of cash paid for salaries during the year was $275,000.
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Answer:
While your hands are on home row, your left hand rests lightly on A S D F AND The Space Bar
Explanation:
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it will rest lightly on the pinky finger on the right hand
Answer:
decrease
Explanation:
Secondary markets decrease the interest rates that organizations have to pay on issued bonds. With the presence of secondary markets, companies that issue bond can then pay lower rates of interest and still sell the entire bonds needed. What the secondary market does is that it bids up the bonds price above their face values. This therefore makes interest that will be paid a lower percentage, and thus leads to lower ROI and yield.
B. the marked is cleared
C. there is the excess quantity demanded.
D. there is excess quantity supplied
When quantity supplied equals quantity demanded, the market is said to be in equilibrium, and the market is cleared. At this point, there is no excess quantity demanded or excess quantity supplied in the market. Thus, the correct option is B.
In an equilibrium situation, the price of the good or service is determined by the intersection of the supply and demand curves. At this price, the quantity supplied by producers is equal to the quantity demanded by consumers. Therefore, there is no surplus or shortage in the market, and all the goods produced are sold.
When the market is not in equilibrium, either a surplus or a shortage will occur. In the case of a surplus, there is an excess quantity supplied in the market, meaning that producers are supplying more goods than consumers are willing to buy at the prevailing price. This leads to downward pressure on prices until the market is cleared.
In the case of a shortage, there is an excess quantity demanded in the market, meaning that consumers are willing to buy more goods than producers are supplying at the prevailing price. This leads to an upward pressure on prices until the market is cleared.
In summary, when quantity supplied equals quantity demanded, the market is in equilibrium, and the market is cleared. This means that there is no excess quantity demanded or excess quantity supplied in the market, and the price of the good or service is determined by the intersection of the supply and demand curves. Thus, the correct option is B.
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