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2 years ago

Does receiving $10 increase the Owner's Equity?

Business

1 answer:

adell [148]2 years ago

6 0

When we recieve $10 in the course of doing business, it will increase the Owner's Equity.

<h3>How does owner's equity increase?</h3>

Owner's equity will increase when the owners of the business invest more money into it.

Equity will also increase when revenue increases. As the $10 which was received will be treated as revenue, the owner's equity will increase.

Find out more on the effect of revenue on owner's equity at brainly.com/question/14657952.

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Novak Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $

Temka [501]

Answer: $2,940,000

Explanation: Weighted Average Accumulated Expenditure is the product of the amount incurred multiplied by the no of months its being capitalised.

on March 1st $ 2,520,000 was incurred = 10/12*2,520,000=2,100,000

on 1st June $1,680,000 was incurred = 6/12*1,680,000= 840,000

on 31st December $4,200,000 was incurred = 0/12*4,200,000=0

Total Weighted Average Accumulated Expenditures = 2,100,000+840,000

= $2,940,000

6 0

4 years ago

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Sackett Corporation had a beginning inventory of 10,000 units, which were purchased in the prior year as follows: Units Unit Pri

Strike441 [17]

Answer:

Sackett’s ending inventory is $16000

Explanation:

given data

Units Unit Price

September 4,000 $2.00

October 4,000 $2.10

December 2,000 $2.30

to find out

FIFO method what is Sackett’s ending inventory

solution

we know here that unit sold = 16000 units

available for sale = 22000

so ending inventory = 22000 - 16000

ending inventory = $6000

unit included 6000 is latest purchase are

so November purchase 5000 @ 2.7 is = $13500

and June purchase 1000 @ 2.5 is = $2500

so total will be = $13500 + $2500

total = $16000

7 0

4 years ago

Last week pauline worked 35 hours and made $280 how much money did pauline make per hour

erastovalidia [21]

Answer:

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Explanation:

Shrek caca

8 0

3 years ago

Read 2 more answers

Services are defined as

AleksandrR [38]

Answer:

services are defined as:

C) the intangible activities or benefits that an organization provides to satisfy consumers' needs in exchange for money or something else of value.

Explanation:

A service is a intangible activity that is provided to persons in order to satisfy a need. It is the contrary to a product because a product is tangible and is manufactured. However, services are not manufactured but they are provided to each specific client.

Examples or services are: medical services, education, lawyers advisory, internet connection, counselling, telemarketing.

8 0

4 years ago

School Days Furniture, Inc., manufactures a variety of desks, chairs, tables, and shelf units which are sold to public school sy

Blababa [14]

Answer:

Production Budget ( July August September) 5200, 6300, 9000

Sales Budget ( July August September) $ 300,000 $ 360,000 $ 450,000

Direct Materials Budget ( July August September) $ 31860 $ 39,420 $ 48,600

Direct Materials Units Budget ( July August September) 53,100 65,700 81,000

Direct Labor Budget ( July August September) $ 163,800 $ 198450 $ 283,500

Direct Labor Hours Budget ( July August September)7800 9450 13500

Explanation:

The formula used are

1) Production Budget = Sales + Desired Ending Inventory Less Opening Inventory

2) Sales Budget= Sales * Price Per unit

3) Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory

Raw Materials Costs= Raw Materials Budget * Costs

4) Direct Labor Hours Budget = Production * Direct Labor Hours

Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour

School Days Furniture, Inc.

Production Budget

July August September

Sales 5000 6000 7500

+ Desired

Ending Inventory 1200 1500 ------(assuming zero inv)

Less Opening

Inventory 1000 1200 1500

Production Budget 5200 6300 9000 

Production Budget = Sales + Desired Ending Inventory Less Opening Inventory

School Days Furniture, Inc.

Sales Budget

July August September

Sales 5000 6000 7500

Price Per unit $ 60 $60 $ 60

Sales Budget $ 300,000 $ 360,000 $ 450,000 

Sales Budget= Sales * Price Per unit

School Days Furniture, Inc.

Raw Materials Budget

July August September

Production Budget 5200 6300 9000

+ Desired

Ending Inventory 630 900 ------(assuming zero inv)

Less Opening

Inventory 520 630 900

Materials Requiremnt 5310 6570 8100 

Board (feet) 10 10 10

Direct Materials 53,100 65,700 81,000

Plank Costs 0.60 0.60 0.60

Direct Materials $ 31860 $ 39,420 $ 48,600 

Raw Materials Budget = Production + Desired Ending Inventory Less Opening Inventory

Raw Materials Costs= Raw Materials Budget * Costs

School Days Furniture, Inc.

Direct Labor Budget

July August September

Production Budget 5200 6300 9000

Direct Labor hours 1.5 1.5 1.5

Direct Labor Hours 7800 9450 13500

Wages Per hour $ 21 $ 21 $21

Direct Labor Budget $ 163,800 $ 198450 $ 283,500

Direct Labor Hours Budget = Production * Direct Labor Hours

Direct Labor Budget = Direct Labor Hours Budget* Wages Per Hour

4 0

3 years ago