In a case whereby George corporation recognized $1,000 of accrued property taxes on its manufacturing facility. the journal entry to record this debits as Manufacturing overhead $1,000 and credits Property taxes payable $1,000.
<h3>What is
journal entry?</h3>
A journal entry can be described as an act of keeping which involves the making records of any transactions .
It should be noted that Transactions are listed in an accounting journal so that the company's debit as well as the credit balances of the company can be shown.
In the case, above , we will record this debits as Manufacturing overhead $1,000 and credits Property taxes payable $1,000, hence journal entry can encompass several recordings, in a debit or a credit.
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Answer: Edmond's budget line equation is 6V - 24G = 48
Explanation: A Budget Line is also called as Budget Constraint. It shows all the combinations of two commodities that a consumer can afford at given market prices and within the particular income level.
Let Punk video cassette = V
Garbage = G
Therefore, Edmond's budget line equation will be a combination of the punk video cassette less the garbage he is paid for equal to his allowances
6V - 24G = 48
Answer: Option (D)
Explanation:
Lean manufacturing also referred to as lean production is known as the systematic method or technique originally originated in Japanese manufacturing industry, mainly for the purpose of minimization of waste especially in manufacturing system, done without sacrificing any productivity, which can further cause problems.
C , calling a potential customer to inform them about a new program
Answer:
a. U.S Treasury bills.
b. Commercial paper.
c. Money market mutual funds.
Explanation:
A Treasury Bill can be regarded as short-term debt obligation of U.S. government, This is is usually fully supported by Treasury Department, it's maturity is within one year or one year. T- billls is usually offer for sold at
$1,000, and can reach as high as $5 million.
Commercial paper can be regarded as
money-market security which is usually issued by large corporations so that funds can be obtained to cater for
short-term debt obligations that arises.
money market fund can be regarded as open-ended mutual fund which is been invested on short-term debt securities. This debt securities could be
US Treasury bills as well as commercial paper.