The answer is, "<span>to minimize venting of refrigerants".
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A refrigerant refers to a substance or blend, more often than not a liquid, utilized as a part of a heat pump and refrigeration cycle. In many cycles it experiences stage advances from a fluid to a gas and back once more. Many working liquids have been utilized for such purposes.
Answer:
Newton Corporation
Net income for the year = $120
Explanation:
a) Data and Calculations:
Direct materials cost = $400
Direct labor cost = 800
Manufacturing overhead 400
Total manufacturing cost $1,600
Cost per unit = $8
Ending Inventory of finished goods = 150 units * $8 = $1,200
Cost of goods sold = 50 * $8 = $400
Sales revenue = 50 * $12 = $600
Newton Corporation
Income Statement
For the year ended December 31:
Sales Revenue $600
Cost of goods sold 400
Gross income $200
Selling & Admin.
expense 80
Net Income $120
b) Newton Corporation's net income is the difference between the Sales Revenue, cost of goods sold and selling and administrative expenses.
Answer:
Explanation:
Journal Entry : The Journal entry shows the recording of the transactions which records debit and credit side of the transaction.
The debit side records all expenses and losses of the company whereas credit side records all income and gains of the company.
Since the office supplies purchased at $8,000 but at the end of the year the $3200 is still on hand. So, the remaining balance is $4,800 is should be recorded at the end of the period.
So, the Journal entry for adjusting office supplies account is :
Office supplies expense A/c Dr $4,800
To Office Supplies $4,800
(Being office supplies account adjusted)
Since the office supplies is purchased which become an expense for a company that's why it is debited with regard to office supplies account.
Answer:
$3,750
Explanation:
The truck was only used for 3 months of the year. Therefore, the 3 months of depreciation equals:
$3,750 = ($30,000 x 2/4 x 3/12)
