Salaries and wages payable $0. there are eight employees. salaries and wages are paid every friday for the current week. five employees receive $700 each per week, and three employees earn $600 each per week. december 31 is a tuesday. employees do not work weekends. all employees worked the last 2 days of december.

Employees of dti, inc. worked 1,600 direct labor hours in january and 1,000 direct labor hours in february. dti expects to use 18,000 direct labor hours during the year, and expects to incur $22,500 of worker’s compensation insurance cost for the year. the cash payment for this cost will be paid in april. how much insurance premium should be allocated to products made in january and february?

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Which investment has the liquidity and can be converted into cash easily?