On march 31, the following data were accumulated to assist the accountant in preparing the adjusting entries for potomac realty: • the supplies account balance on march 31 is $5,620, the supplies on hand on march 31 are $1,290. • the unearned rent account balance on march 31 is $5,000 representing the receipt of an advance payment on march 1 of four months’ rent from tenants. • wages accrued but not paid at march 31 are $2,290. • fees accrued but unbilled at march 31 are $16,825. • depreciation of office equipment is $4,600. required: 1. journalize the adjusting entries required at march 31. refer to the chart of accounts for exact wording of account titles. 2. what is the difference between adjusting entries and correcting entries?

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?

Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above

Before setting your prices, it's wise to a. subtract your profit margin from your costs. b. research industry standards. c. memorize the formula for cost plus. d. ignore your competitors' prices.