On December 31, 2010, Salaries Owed to Employees Total $4,150

question 142

Multiple Choice

On December 31, 2010, salaries owed to employees total $4,150. These will be paid on January 4, 2011. The adjusting entry prepared on December 31, 2010, includes a:

• A)debit to Salary Expense for $4,150.
• B)debit to Salary Payable for $4,150.
• C)credit to Cash for $4,150.
• D)credit to Salary Expense for $4,150.

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Definitions:

Maximizing Sales

Strategies and efforts aimed at increasing the volume of products sold, thereby boosting revenue.

Market Segments

Groups of potential customers with similar needs, desires, and characteristics that a company targets with specific products or marketing campaigns.

Segmenting

The process of dividing a larger market into smaller groups or segments with similar needs, characteristics, or behavior, to target marketing efforts more effectively.

Repositioning

The process of changing the market's perception of a product or brand over time to target a new segment or market.