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2 years ago

8

Adidea Corp. bought 100 units at $15 each. The company then sold 30 units at $25 each, and 50 percent of the purchase was paid i

n cash. What amount will Adidea credit to the inventory account? A. $1,500 B. $750 C. $375 D. $45

1 answer:

gulaghasi [49]2 years ago

8 0

Answer: Merchandise Inventory 7,500

Cash in bank 3,750

Accounts Payable

Explanation:

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QS 9-8 (Algo) Recording employer payroll taxes LO P3 Merger Co. has 10 employees, each of whom earns $1,700 per month and has be

oksian1 [2.3K]

Answer:

Dr Payroll Tax Expense: $2,321

Cr FICA- Social security taxes payable $1,054

Cr FICA- Medicare taxes payable $247

Cr SUTA-State unemployment taxes payable $918

Cr FUTA- Federal unemployment taxes payable $102

Explanation:

Preparation of the March 31 journal entry to record the March payroll taxes expense

March 31

Dr Payroll Tax Expense: $2,321

($1,054+$247+$918+$102)

Cr FICA- Social security taxes payable $1,054

[($1,700*10)*6.2%]

Cr FICA- Medicare taxes payable $247

[($1,700*10)*1.45%]

Cr SUTA-State unemployment taxes payable $918

[($1,700*10)*5.4%]

Cr FUTA- Federal unemployment taxes payable $102

[($1,700*10)*0.6%]

(To record payroll taxes expense)

5 0

2 years ago

Low Carb Diet Supplement Inc. has two divisions. Division A has a profit of $134,000 on sales of $2,310,000. Division B is able

Genrish500 [490]

Answer:

a. Division A = 5.80 %, Division B = 8.95 %

b. Division B is superior. Because, it generates a greater profit margin per each sale made.

Explanation:

<u> a. Compute the profit margins</u>

Profit margin = Profit / Sales × 100

Division A = $134,000 / $2,310,000 × 100

= 5.80 % (2 decimal places.)

Division B = $33,400 / $373,000 × 100

= 8.95 % (2 decimal places.)

<u> b. Based on the profit margins</u>

Division B is superior as it generates a greater profit margin per each sale made.

8 0

2 years ago

If the standard quantity (SQ), actual quantity (AQ), standard price (SP), and actual price (AP) are 350 units, 400 units, $12, a

masya89 [10]

Then the total budget variance is $1000

The entire budget variance formulation: overall budget variance = (general amount x general rate) - (actual amount x actual fee). = (350 x $12) - (four hundred x $thirteen) = $4200 - $5200 = $one thousand adverse.

A budget variance is an accounting time period that describes times wherein actual prices are both better or lower than the usual or projected expenses. A destructive, or terrible, financial variance is indicative of a financial shortfall, which may additionally arise due to the fact sales pass over or expenses are available higher than expected.

A price range variance is a difference between the budgeted or baseline quantity of fee or sales and the real amount. The budget variance is favorable while the real sales are higher than the finances or while the actual expense is less than the finances.

Sensible budget variance analysis can assist finance teams to spot tendencies, capacity issues, opportunities, and threats in deliberate budgets so that you can make the modifications important to gain their objectives. A finances variance evaluation can also assist spot deviations among the centered vs. real budgets.

Learn more about budget variance here: brainly.com/question/25790358

#SPJ4

8 0

1 year ago

Pix Company has the following production data for March: no beginning work in process, units started and completed 30,500, and e

MrMuchimi

Answer:

Summary of costs to be accounted for

Costs to be accounted for: Materials Conversion Total

Beginning WIP 0 0 0

Costs incurred in the period <u>$142,800 $390,960 $533,760</u>

Total costs to be accounted for $142,800 $390,960 $533,760

Calculation of cost per equivalent unit

Materials Conversion Total

Total costs to be accounted for $142,800 $390,960 $533,760

Total equivalent units <u> 35,700 32,580 </u>

Cost per equivalent unit $4 $12 $16

Cost allocation

Materials Conversion Total

Units finished and transferred $122,000 $366,000 $488,000

Ending WIP <u> $20,800 $24,960 $45,760 </u>

Total costs to be accounted for $142,800 $390,960 $533,760

Explanation:

beginning WIP 0 units

units started and completed 30,500

ending WIP 5,200

100% complete for materials

40% complete for conversion costs (2,080 EU)

total EU:

materials 35,700

conversion 32,580

total costs:

materials 35,700 x $4 = $142,800

conversion 32,580 x $12 = $390,960

total = $533,760

4 0

3 years ago

you are a manager of a large business enterprise .explain how you would address issues of equality respect and dignity in your b

azamat

When it comes to equality, its a must that you will not show then that you have your favorite staff. You must treat them all the same and well. For the respect and dignity, no matter who they are you must respect each one of them despite the differences.

3 0

3 years ago