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Y_Kistochka [10]
2 years ago
11

Sarah exchanges a building and land (used in her business) for Tyler's land and building and some equipment (used in his busines

s). The assets have the following characteristics:
Business
1 answer:
kaheart [24]2 years ago
7 0

Sarah exchanges a building and land (used in her business) for Tyler's land and building and some equipment (used in his business).

<h3>What is land?</h3>

The solid surface of Earth that is not permanently submerged in water is referred to as land, dry land, or ground. Most, but not all, land is located above sea level and is composed primarily of crustal components such as rock, sand, soil, and occasionally ice.

A land is a solid Earth surface that is not permanently covered by water. Land accounts for approximately 29.2% of the total surface area of the Earth, while water, including ice, accounts for 70.8%. The land area is 148,939,063 square kilometers. Complete Answer: The Earth's surface is either land or water.

To know more about land follow the link:

brainly.com/question/751987

#SPJ4

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At the beginning of the year, Smith Company budgeted overhead of $129,600 as well as 13,500 direct labor hours. During the year,
polet [3.4K]

Answer:

1. 9.60 per hour

2. $11,129

3. Dr Manufacturing overhead 172500

Cr Lease payable 6800

Cr Accumulated depreciation-Building 19340

Cr Wages payable 90400

Cr Utilities payable 14560

Cr Account payable 41400

4. Over applied overhead= $1,260

5. $634,340

Explanation:

1) Calculation for the overhead rate for the year

Using this formula

Overhead rate = Estimated overhead/Estimated hour

Let plug in the formula

Overhead rate = 129600/13500

Overhead rate = 9.60 per hour

2) Calculation for the total cost of Job K456

Total cost of Job K456

Direct material 2750

Direct labor 5355

Overhead 3024

(5355/17*9.60)

Total cost of Job $11129

3) Preparation of the journal entries to record actual overhead and to apply overhead to production for the year.

Dr Manufacturing overhead 172500

(6800+19340+90400+14560+41400)

Cr Lease payable 6800

Cr Accumulated depreciation-Building 19340

Cr Wages payable 90400

Cr Utilities payable 14560

Cr Account payable 41400

(Being To record actual overhead)

Work in process (18100*9.6) 173760

Manufacturing overhead 173760

(To record applied overhead)

4) Calculation for whether overhead is overapplied or underapplied

Over applied overhead = 173760-172500

Over applied overhead= $1260

5) Calculation for the adjusted cost of goods sold

Adjusted cost of goods sold = 635600-1260

Adjusted cost of goods sold= $634340

8 0
3 years ago
__________ represents a proactive approach to satisfying customer needs that is based on gathering data about our customers to l
Georgia [21]
Customer driven quality
4 0
3 years ago
Which of the following will cause the demand curve to​ shift? A. a change in the cost of raw materials B. more firms in the mark
salantis [7]

Answer:

D. a change in consumer income

Explanation:

There are two main reason for shift in demand curve left or right in addition to price:

  1. Change in consumer income.
  2. Change in preference.

Consumer income or earning affect the demand curve as according income of consumer, thier preference and priority changes. Example: Daily wages labor may have very less demand for Domino´s Pizza or starbucks coffee, however, manager of any MNC may have higher demand for Domino´s Pizza or starbuck coffee.

7 0
3 years ago
Consider a chemical factory that is situated next to a farm. Airborne emissions from the chemical factory damage crops on the fa
Harman [31]

Answer:

Marginal Benefits of Emissions

Total net benefit to the farmer and factory at the economically and socially efficient quantity of emissions is $30,000 when the quantity of emission is 200 tons.

Explanation:

a) Data and Calculations:

Quantity of         Marginal       Marginal    Total Net Benefit

emissions (Q)     Benefits        Cost           or Cost

100                        320               110               21,000

200                        280               130               30,000

300                        240               150               27,000

400                        200               170               12,000

500                        160               190               -15,000

600                        120               210               -54,000

700                         80               230              -105,000

800                         40               250             -168,000

900                          0                270             -243,000      

8 0
2 years ago
A public franchise A. is a corporation that is owned by stockholders. B. is an unregulated monopoly necessary for the public goo
OlgaM077 [116]

Answer:

The correct answer is D. is a government designation that a private firm is the only legal producer of a good or service.

Explanation:

The Franchise is a type of contract in which one company (the franchisor) grants to another (the franchisee) the right to market certain products or services within a given geographical area and under certain conditions, in exchange for financial compensation.

Therefore we have two main figures:

  1. The franchisor: provides marketing rights so that the franchisor can use its brand, the commercial name and the design of the franchisee's establishment. In most cases, these elements cannot be modified to maintain the same levels of quality and form of the franchisor. In addition, the know-how, business experience and technical and commercial assistance during the term of the agreement are also provided.
  2. The franchisee: the owner of the business and who makes the necessary investments for its implementation, in addition to paying a fee to the franchisor to use your brand. This fee is like a "right of entry" into the business, in addition periodic amounts may also be established in the contract according to the volume of sales and / or technical and commercial assistance. In addition, the franchisee exclusively has the franchise regime with respect to a specific geographical area and a type of products.
5 0
3 years ago
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