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max2010maxim [7]
2 years ago
9

Abc buys widgets for $5 cash and sells them on account for $8. From a cash flow perspective, the receivable is valued at?.

Business
1 answer:
ycow [4]2 years ago
6 0

The recievable would be valued at $0

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3 years ago
The journal entry to record employer payroll taxes owed affects ______.
weeeeeb [17]

Answer:

a) liabilities only

Explanation:

The journal entry to record the payroll tax expense is shown below:

Payroll tax expense A/c Dr

     To Social security tax payable A/c

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5 0
3 years ago
A plant's fixed overhead costs total $500,000 for a year to produce 400,000 widgets, among other items. If machine‐hours are use
maxonik [38]

Answer:

$0.5

Explanation:

A plant's fixed total overhead cost is $500,000 for a year

400,000 widgets are required to be produced for this period

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The first step is to calculate the fixed overhead application rate

= $500,000/40,000

= $12.5 machine-hour

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