Answer:
use cash
Explanation:
its less confusing.
how much (in dollars) is needed in an account that earns 9.6% compounded monthly to withdraw $1,000 at the end of each month for 25 years? (round your answer to two decimal places.)
Monthly rate Number of months, Monthly withdrawals 0.80%, 300, 1000.
What is Monthly rate?
Monthly Rate refers to the rate of interest established as well as certified to the Trustee by the Re - marketing Agent no afterward than 12:00 noon (New York City time) on and as of this same Determination Date as that of the minimum interest rate per year which, in the Remarketing Agent's opinion, would be required for each Calculation Period throughout a Monthly Rate Period (with a copy to a Authority, the Registrar as well as Paying Agent, and the Company).
Amount needed in the account
$113,551.45
Monthly rate Number of months
9.6%/12
-25 12 1000
Monthly withdrawals
Amount needed in the account =PV(C2,C3,-C4)
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Visual InspectionGordon Company's accounting records provided the following changes in account balances and other information for 2019:Net Changes for 2019Debit CreditCash $1,000 Accounts Receivable $1,100Inventory 2,000 Buildings and Equipment 8,800 Accumulated Depreciation 2,900Accounts Payable 900 Common Stock, no par 5,500Retained Earnings 3,200$12,700 $12,700Additional information: Net income totaled $5,800. Dividends were declared and paid. Equipment was purchased for $8,800. No buildings and equipment were sold during the year. One hundred shares of common stock were sold for $55 per share. The ending cash balance was $4,200.Required:Using visual inspection, prepare a 2019 statement of cash flows for Gordon. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.GORDON COMPANYStatement of Cash FlowsFor Year Ended December 31, 2019Operating Activities: Net income Adjustment for noncash income items: Add: Depreciation expense Adjustments for cash flow effectsfrom working capital items: Decrease in accounts receivable Increase in inventory Decrease in accounts payable Net cash provided by operating activities Investing Activities: Payment for purchase of equipment Net cash used for investing activities Financing Activities: Proceeds from issuance of common stock Payment of dividends Net cash provided by financing activities Net increase in cash Cash, January 1, 2019 Cash, December 31, 2019
The beginning cash balance of $1,000 and net increase of $4,400 result in an ending cash balance of $4,200. The statement of cash flows for Gordon Company for the year ended December 31, 2019, is as follows:
The 2019 statement of cash flows for Gordon can be prepared by analyzing the net changes in account balances and other information provided. The net income of $5,800 needs to be adjusted for noncash income items such as depreciation expense, which is added back. The Accumulated Depreciation account provides information about the depreciation expense, which is $2,900.
Next, the cash flow effects from working capital items such as Accounts Receivable, Inventory, and Accounts Payable need to be adjusted. An increase in Accounts Receivable results in a decrease in cash, so the $1,100 balance is subtracted. An increase in Inventory results in a decrease in cash, so the $2,000 balance is subtracted. A decrease in Accounts Payable results in an increase in cash, so the $900 balance is added.
The net cash provided by operating activities is calculated by adding the adjusted net income, depreciation expense, and changes in working capital. The investing activities section shows that equipment was purchased for $8,800, resulting in a cash outflow. The financing activities section shows that common stock was issued for $5,500 and dividends were paid, resulting in a cash outflow. The net increase in cash is calculated by adding the net cash provided by operating, investing, and financing activities, which is $4,400.
GORDON COMPANY
Statement of Cash Flows
For Year Ended December 31, 2019
Operating Activities:
Net income $5,800
Adjustment for noncash income items:
Add: Depreciation expense $2,900
Adjustments for cash flow effects
from working capital items:
Decrease in accounts receivable $(1,100)
Increase in inventory $(2,000)
Decrease in accounts payable $900
Net cash provided by operating activities $6,500
Investing Activities:
Payment for purchase of equipment $(8,800)
Net cash used for investing activities $(8,800)
Financing Activities:
Proceeds from issuance of common stock $5,500
Payment of dividends $(3,200)
Net cash provided by financing activities $2,300
Net increase in cash $4,400
Cash, January 1, 2019 $1,000
Cash, December 31, 2019 $4,200
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which of the following combines some of the operating characteristics of an open-end fund with some of the trading characteristics of a closed-end fund?
A type of pooled investment security that combines some of the operating characteristics with the trading characteristics is called as Exchange Traded Fund. Exchange Traded Fund combines an open-end fund with a closed-end fund.
An exchange-traded fund generally can be defined as a type of exchange-traded product and also investment fund , i.e. they are traded on stock exchanges. An exchange-traded fund or known as ETF also can be defined as a type of pooled investment security that operates much like a mutual fund. The example of exchange-traded fund is The SPDR S&P 500 (SPY).
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the level of savings in an economy: multiple choice can be an important determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital. all of these are true.
the level of savings in an economy:
determinant of future productivity. can be an important determinant of capital investment. can be a source of funding for physical capital.Thus, all of these are true and correct.
What is saving?Savings are unspent income or deferred consumption. One way to save is to spend money. Set aside in a savings account, retirement account, mutual fund, or cash. Savings also means reducing expenses, such as recurring expenses.Savings are the portion of your income that is not spent on current expenses. In other words, it is money that is reserved for future use and not immediately spent.Saving is a way out of life's uncertainties and offers opportunities for quality living. Many hurdles and obstacles in life can be overcome by systematically investing large sums of money.
Thus, saving means a determinant of future productivity which can be an important determinant of capital investment and it can be a source of funding for physical capital.
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An investigator proposes to study a market approved product sold to treat high blood pressure in individuals over age 12. This study will look at using a liquid formulation for children under age 12. The drug sponsor hopes that the information from the research can be used to change the labeling for use of the drug in children. Which of the following is the investigator’s most appropriate course of action?
A) Submit the research protocol to OHRP for their review
B) Submit the research protocol to the IRB, but do not submit an IND application to the FDA since the drug is already approved and marketed for this indication.
C) Submit the research protocol to the IRB for review and submit an IND application to the FDA before conducting research.
D) Submit an Investigational Device Exemption (IDE) application to the FDA.
Answer: Submit the research protocol to the IRB for review and submit an IND application to the FDA before conducting the research
Explanation:
From the question, we are informed that an investigator proposes to study a market approved product sold to treat high blood pressure in individuals over age 12 and that this study will look at using a liquid formulation for children under age 12.
We are further told that the drug sponsor hopes that the information from the research can be used to change the labeling for use of the drug in children.
The investigator’s most appropriate course of action will be to submit the research protocol to the IRB for review and submit an IND application to the FDA before conducting research.
What is the purpose of a w-4 form, and when do you receive it?.
Answer: to let your employer know how much money to withhold from your paycheck for federal taxes.
Explanation: Your employer should provide a W-4 form when you are hired.
What are the types of incentives I might use to influence
employee behavior? How can i use compensation and other rewards to
motivate people? (05 Marks) (Min words 200)
There are various types of incentives that can be used to influence employee behavior and motivate people, including monetary and non-monetary rewards. Compensation, such as salary, bonuses, and commission, is a common form of incentive that directly links performance to financial rewards. Other rewards can include recognition, promotions, flexible work arrangements, training opportunities, and meaningful work assignments. By strategically designing compensation and reward systems, organizations can align employee interests with organizational goals, enhance job satisfaction, improve productivity, and foster a positive work environment.
Compensation plays a crucial role in motivating employees. It can be structured in different ways, such as offering performance-based bonuses or commissions tied to achieving specific targets or milestones. These monetary incentives provide a direct link between employee effort and financial rewards, driving individuals to perform at their best. Additionally, non-monetary rewards and recognition can be equally powerful motivators. Recognizing and appreciating employees' accomplishments through awards, public acknowledgments, or even simple expressions of gratitude can boost morale and create a sense of pride and job satisfaction.
In addition to compensation and recognition, other incentives can be used to motivate employees. Promotions provide employees with advancement opportunities, recognizing their growth and competence. Offering flexible work arrangements, such as remote work options or flexible schedules, can improve work-life balance and increase job satisfaction. Providing training and development opportunities allows employees to enhance their skills and knowledge, contributing to their professional growth and sense of achievement. Lastly, assigning meaningful and challenging work can inspire employees by offering them a sense of purpose and autonomy in their roles.
By combining various types of incentives, organizations can create a comprehensive rewards system that caters to different employee needs and motivations. This holistic approach ensures that employees are engaged, motivated, and more likely to contribute positively to the organization's success.
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Tim is 16 years old,a high school student, and lives with hi parents.He earned $5,200 and his part-time job. Select the best possible answer.(Only 1 answer)
Answer:
the second one
Explanation:
prettyu sure,
only can claim is tim parents and he has no other choice but to return the file tax return
Current tax laws allow Tim's parents to claim Tim as a dependent; Tim has the option to file a tax return
According to the IRS, Tim can be claimed as a dependent by his parents because:
He is their son He is a student who is younger than 23 He lives with his parentsHe also has the option but not the obligation to file a tax return because his gross income is less than $12,200 as a dependent.
In conclusion, Tim can be claimed as a dependent by his parents but he does not have to file a tax return.
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If a single constant force acts on an object that moves on a straight line, the object's velocity is a linear function of time. The equation gives its velocity v as a function of time, where a is its constant acceleration. What if velocity is instead a linear function of position?
Answer:
F = -kmv
Explanation:
The computation is shown below:
As we know that
a = acceleration
v = velocity
Given that
v = v_i - kx
Based on the above information
\(\frac{dv}{dt} = \frac{dv_i}{dt} = k \frac{dx}{dt} = 0 - kv = -kv\)
a = -kv ..................(i)
Now multiply both sides of an equation
BY mass of the object
ma = -kmv
F = -kmv
So if there is no other external forces so the force is on object i.e.
F = -kmv
For the question below, write an explanation of the short-run effect (including the determinant of AD or AS that is causing the shift, the line that shifts (AD or AS), the direction of the shift (left or right), and the impact on output and price level (increase or decrease) and submit a properly drawn and labeled aggregate demand and aggregate supply graph for the scenario. Make sure your name and assignment number are written on each page of graphs you submit. All text must be written in the text box provided.
Congress passes a sweeping health care reform bill that provides free medical insurance for all Americans. Once the President signs it into law, the government will provide every American with a policy that will pay up to 80% of every medical bill a patient incurs. This change does not impact consumer income.
Explanation:
The passage of the health care reform bill would shift the aggregate demand (AD) curve to the right in the short run. This is because with the new policy, people would be able to afford more health care services, leading to an increase in the quantity of goods and services demanded at every price level. This would result in an increase in both output and the price level in the short run.
On the other hand, the aggregate supply (AS) curve would remain unchanged since the bill does not affect the costs of production or the available inputs.
Overall, the short-run impact of the health care reform bill would be an increase in output and a higher price level.
Now that Amazon does collect sales tax in most states, what other loopholes has Amazon found to evade other taxes?
(In depth response)
Another area in which Amazon has found another tax loophole in order to evade taxes is:
They make use of foreign based companies to receive payments from customers in another country.What is a Tax Loophole?This refers to the legal clauses which the rich people and corporations exploit in order to evade paying tax or paying as much as other people.
One tax loophole which is being used by Amazon to evade tax is the use of foreign based companies to receive payments from customers in another country and bypass HMRC.
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Jessica has brought in $10,000 of her personal funds to expand her business. How will it affect the accounting equation?
A. Assets ↑ (10,000) = Liabilities + Owners’ Equity ↑ (10,000)
B. Assets = Liabilities ↑ (10,000) + Owners’ Equity ↓ (10,000)
C. Assets ↑ (10,000) = Liabilities + Owners’ Equity ↓ (10,000)
D. Assets = Liabilities ↑ (10,000) + Owners’ Equity ↑ (10,000)
E. Assets↑ (10,000) = Liabilities ↑ (10,000) + Owners’ Equity
Answer:
A. Assets ↑ (10,000) = Liabilities + Owners’ Equity ↑ (10,000)
Explanation:
The funds brought in will increase the cash held by the business. Cash is an asset, meaning assets will increase by $10,000.
The $10,000 will be an additional capital contribution from Jessica. The business's capital will go up by $10,000. It means equity will increase by $10,000.
A flower shop uses software to execute transactions that is ten-years old. It is often slow and ineffective. What type of influence is affecting this business?
external
economic
governmental
internal
Answer:
Internal
Explanation:
The problem is the flower shop’s software. The flower shop needs to update or buy a different up-to-date software like ASAP.
profit is the only
Organizational objectives of the business.Do you agree
Explanation:
I agree because without profit what's the use of the business
Revenues $32,000 Cost of goods sold ($6,000+ $2.10/unit) 22,800 Gross profit $ 9,200 Operating expenses: Selling ($1,200+ $0.10/unit) 2,000 5,600 Administration ($4,000+ $0.20/unit) Operating income $
The operating income is $1,600, if revenues are $32,000.
The selling expenses consist of a fixed component of $1,200 and a variable component of $0.10 per unit.
The operating income is calculated by subtracting the total operating expenses from the gross profit.
Revenues: $32,000
Cost of goods sold: $6,000 (fixed cost) + $2.10/unit (variable cost) = $22,800
Gross profit: Revenues - Cost of goods sold = $32,000 - $22,800 = $9,200
Operating expenses:
Selling expenses: $1,200 (fixed cost) + $0.10/unit (variable cost) = $2,000
Administration expenses: $4,000 (fixed cost) + $0.20/unit (variable cost)
Total operating expenses: $2,000 + $5,600 = $7,600
Operating income: Gross profit - Total operating expenses = $9,200 - $7,600 = $1,600
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List all the source documents in accounting
Answer:
Canceled checks.
Invoices.
Cash register receipts.
Computer-generated receipts.
Credit memo for a customer refund.
Employee time cards.
Deposit slips.
Purchase orders
Explanation:
That is all i think
A manufacturer produces a commodity where the length of the commodity has approximately normal distribution with a mean of 7.3 inches and standard deviation of 1.2 inches. If a sample of 34 items are chosen at random, what is the probability the sample's mean length is greater than 6.9 inches? Round answer to four decimal places. to find answer
The probability that the sample's mean length is greater than 6.9 inches can be calculated using the normal distribution with the given mean and standard deviation.
Since the sample size is relatively large (n = 34), we can use the Central Limit Theorem approximate the sample mean's distribution as normal. The mean of the sample mean will be equal to the population mean (7.3 inches), and the standard deviation of the sample mean will be equal to the population standard deviation divided by the square root of the sample size (1.2 inches / sqrt(34)).
To calculate the probability that the sample's mean length is greater than 6.9 inches, we need to find the area under the normal curve to the right of 6.9 inches. This can be done by standardizing the value using the z-score formula: z = (x - μ) / (σ / sqrt(n)). Plugging in the values, we have z = (6.9 - 7.3) / (1.2 / sqrt(34)).
Once we have the z-score, we can use a standard normal distribution table or a statistical calculator to find the corresponding probability. The probability should be rounded to four decimal places for accuracy.
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¿Cómo podría Wal-Mart mejorar su estrategia de marketing para atraer a los grandes consumidores potenciales de este sector en los mercados internacionales?
Answer:
Para poder atraer grandes consumidores potenciales del sector de retail en los mercados internacionales, Walmart tendría que focalizarse en 3 tareas específicas:
1- Por un lado, invertir en publicidad en los lugares en los que desee aumentar su rendimiento comercial, para poder dar a conocer su marca y atraer a nuevos clientes, ingresando así a mercados en los que hasta ahora no tiene presencia.
2- Además, debe lógicamente invertir en relocalizar muchos de sus centros de distribución a esos nuevos mercados, para así poder facilitar la distribución de los productos que comercializa en los nuevos territorios.
3- Por otra parte, debe garantizar un acceso al comercio electrónico, para poder así proveer a los consumidores los mismos bienes que ofrece en los Estados Unidos, pero en sus territorios de origen.
Which is considered part of a person’s income for the year?
Answer:
Gross income is everything that an individual earns during one year, both as a worker and as an investor. Earned income includes only wages, commissions, bonuses, and business income, minus expenses, if the person is self-employed.
Explanation:
Based on the profit-loss statement, name two ways Janet and Omar can improve their cash flow
Please list two methods Janet and Omar might increase their cash flow based on the profit-loss statement. Reduce your expenses, the particularly your payroll costs. their sales should rise.
The first line item of the cash flow statement, net profit or net burn, connects the cash flow statement to the income statement. The cash flow from operations is then determined using the profit or loss on the income statement. The indirect method is what is meant by this. The fundamental distinction between the accounting statement of cash flows and the financial cash flows is how interest expense is the handled.
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Which examples demonstrate workplaces common to Management workers? Check all that apply. Lamont has a separate office with a door so he can discuss confidential information with employees. India works from home all the time at a small desk in her kitchen and does not interact with others very often. Zoe frequently travels to the different locations of her large company to meet with the workers she supervises. Mickey sits at a desk out in the open in a busy office environment and is responsible for greeting new visitors.
Answer:
a and c
Explanation:
.
Lamont has a separate office with a door, so he can discuss confidential information with employees and Zoe frequently travels to the different locations of her large company to meet with the workers she supervises are the examples demonstrate workplaces common to Management workers. Hence, options A and C are correct.
What is Management workers?A general manager, business manager, administrator, director, or other person who has operational or managerial control over, or who directly or indirectly manages, the day-to-day operations of a facility, organization, or agency is referred to as a managing employee.
Top-level managers, middle managers, first-line managers, and team leaders are the four most typical categories of managers. These positions differ not only in terms of their daily duties but also in terms of their overall role within the company and the types of personnel they supervise.
To accomplish particular objectives, managers plan, organize, direct, and control resources. The best strategy to accomplish their goals is determined throughout the planning process. In order to execute the company's strategy, resources must be allocated.
Thus, options A and C are correct.
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3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
Answer:
3629.9
Explanation:
I just did the test and thats what it told me the correct answer was.
Imagine you are a patient who wants to regulate your health care expenses on your own; what type of insurance plan would you use?
A consumer driven health plan is the type of insurance plan to be adopted when a patient who wants to regulate their health care expenses on their own.
What is a consumer driven health plan?This is a branch of health insurance plan that allows an employees/individual to utilize their pretax money to help pay for medical expenses not covered by their health plan.
The common types of consumer-driven health plans are:
health savings accountsflexible spending accountshealth reimbursement arrangements medical savings accountsRead more about health plan
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In class, Marcus is skilled at picking up main ideas and important details from his teachers' lectures. What is this called?
Answer:
This would observation, which is something most readers should be able to do
Explanation:
gap clothing stores sell primarily what type of products? a. convenience b. shopping c. unsought d. nondurable e. specialty
The correct response is b. shopping. Gap clothing stores primarily sell shopping products. The clothing at GAP is of high quality. Their jeans have been a part of my wardrobe for seven years, and during that period, I've worn them frequently and washed them at least twice a month. They have
Don's inability to find a pair of jeans that fit him well served as the company's motivation. According to Gap, Inc., the term "Gap" refers to the "generation gap" between what was available in the retail sector at the time and what younger customers actually desired from a clothes store. In order to make it simpler to locate a pair of jeans that fit, Gap was established in 1969 with a dedication to doing more. Since then, the company has expanded into seven brands, and our initial resolve to do more has developed into a global aspiration to promote sustainability, inclusion, and equality. Gap's CEO Sonia Syngal revealed a three-year rehabilitation strategy for the company in 2020. Syngal expects Gap to have a reduced share of Gap Inc's entire business by 2023, but remain profitable.
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Which of the following is NOT a public good provided by the government?
Electricity is not given away for free. People are charged for the goods or units of power they use. Ths it is not provided by the government as a public good.
What are public goods?
A good or service that can be consumed by one person without excluding others (national defense, flood control, street lights, open-sources software).
A good that the government offers that is both non-excludable and non-rivalrous is known as a public good.
Public goods include things like security, law enforcement, streetlights, and lighthouses. When there is a market failure, governments frequently try to supply public goods.
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in the traditional systems development life cycle, end users: group of answer choices contribute only during testing. contribute heavily throughout development. are limited to providing information requirements and reviewing the technical staff's work. have no input. are important only during the conversion phase.
In the traditional systems development life cycle, end users contribute heavily throughout development.
In the traditional systems development life cycle (SDLC), end users play a significant role and contribute throughout the development process. They are not limited to just testing or specific phases but actively participate in different stages of the SDLC.
End users are involved from the early stages of gathering requirements, where they provide valuable insights and information about their needs and expectations from the system. They collaborate with the development team to ensure that the system aligns with their requirements and addresses their business processes effectively.
Throughout the development phase, end users continue to provide input by reviewing and evaluating the prototypes, design specifications, and functional requirements. Their feedback and involvement help in refining the system design and functionality.
During testing, end users play a crucial role by conducting user acceptance testing (UAT) to validate the system against their expectations and requirements. They provide feedback, identify issues, and ensure that the system meets their needs before its implementation.
In summary, end users in the traditional SDLC contribute heavily throughout the development process, from requirement gathering to design, development, and testing phases. Their active involvement ensures that the system is aligned with their needs and achieves the desired outcomes.
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2. Davidson describes two fundamentally different economic philosophies that both impact the debt crisis that the US faces. What are these philosophies? Do you agree with one more than the other?
Answer:
Davidson describes two philosophies that are represented each by the Republican Party and by the Democratic Party.
Republicans believe, according to Davidson, that the economy works best when the state keeps its hands off it. Republicans view a free market economy without government intervention as essentially a perfect machine that can coordinate the interests of vastly different goups of people (this is the concept of the invisible hand, developed by Adam Smith).
The Democrats, on the other hand, while seeing Capitalism as the most efficient economic system, believe that the capitalist economy needs to be regulated by the state, because otherwise, a free market generates undesirable effects like externalities and economic inequality.
According to Davidson, the republicans and the democrats as philosophies are two fundamentally different economic philosophies that impact the debt crisis facing the US. I agree more with the republican side of things, life can't always come with an aim of everything being "equal" and "fair".
Which statement is true?
A. a savings savings plan and a budget don’t really have anything to do with each other.
B.it doesn’t do much good to have a savings plan if you don’t know how to budget your money.
Answer:
B. I'm pretty sure pls tell me if I'm wrong
Woolworth's Co. offers a bonus to its employees based on the company's annual profit. The amount of the bonus for this year is estimated at $32,500 to be paid in January of the following year. The journal entry required on December 31 to record the bond is:
Select one:
a. Debit Unearned Bonuses $32,500; Credit Bonus Payable $32,500
b. Debit Employee Bonus Expense $32,500; Prepaid Employee Bonus credit $32,500
c. Debit Estimated Bonus Payable $32,500; Cash credit $32,500
d. Debit Employee Bonus Expense $32,500; Credit Bonus Payable $32,500
e. You do not have to make an entry in December because the bonus will be paid in January of the next year
The correct journal entry required on December 31 to record the bonus is: d. Debit Employee Bonus Expense $32,500; Credit Bonus Payable $32,500
The entry records the expense related to the estimated bonus for the year and establishes a liability in the form of a bonus payable to the employees. The debit to Employee Bonus Expense recognizes the expense incurred by the company, and the credit to Bonus Payable establishes the liability for the amount owed to the employees. This entry is made in December to reflect the expense and liability in the appropriate accounting period, even though the payment will be made in January of the following year.
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