Salaries Are $6,500 Per Week for Five Working Days and Are

question 2

Multiple Choice

Salaries are $6,500 per week for five working days and are paid weekly at the end of the day Fridays.The end of the month falls on a Thursday.The accountant for Dayton,Inc.made the appropriate accrual adjustment and posted it to the ledger.The balance of Salaries Payable,as shown on the adjusted trial balance,will be a ________.(Assume that there was no beginning balance in the Salaries Payable account. )

• A)credit balance of $5,200
• B)debit balance of $1,300
• C)debit balance of $5,200
• D)credit balance of $1,300

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Definitions:

Total Excess

The amount by which the total returns on an investment exceed the benchmark or guaranteed returns.

Bogey Portfolio

A benchmark or target portfolio with which the performance of an investment portfolio is compared.

Managed Portfolio

A collection of investments overseen by a financial professional who makes buy and sell decisions.

Modigliani M2

A measure of the risk-adjusted return of a financial portfolio, modified by Franco Modigliani for different levels of risk.