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xxTIMURxx [149]
2 years ago
12

How should factory overhead variances be treated in a journal entry to apply factory overhead?

Business
1 answer:
AURORKA [14]2 years ago
5 0

Factory overhead variances should be broken out into their individual components and reported separately as either debits or credits to their individual variance accounts should factory overhead variances be treated in a journal entry to apply factory overhead

Credit is generally defined as an agreement between a lender and a borrower. Credit also refers to the creditworthiness or credit history of an individual or entity. In accounting, loans can reduce assets or increase liabilities, and can reduce expenses or increase income.

One credit is equivalent to a 30-second voice message. A voice message can be recorded for up to 120 seconds. The longer the voice message, the more credit you will get for shipping per phone number. 1-30 seconds = 1 credit per phone number.

An example of credit is a celebration for graduating from medical school while working two jobs. Examples of loans are amounts that are available in a bank account or credited to a checking account. An example of credits is the number of English courses required for a degree.

Learn more about credits  here

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What is a Job market​
Scrat [10]

Answer: The job market is the market where employers search for new employees and employees are searching for jobs.

Explanation:

8 0
3 years ago
Mary Walker, president of Rusco Company, considers $23,000 to be the minimum cash balance for operating purposes. As can be seen
scoundrel [369]

Answer:

Cash Basis adjustments -12,000

Explanation:

Adjustments to convert company's income statement to cash basis:

Depreciation Expense $20,000

Gain on sale of long term Investment - $ 10,000

Loss on sale of equipment $2,000

Increase in Account receivable -$40,000

Decrease in Prepaid Expense $4,000

Increase in Inventory -$50,000

Increase in Accounts Payable $63,000

Decrease in Accrued Liability -$9,000

Increase in Deferred Tax Payable $8,000

6 0
3 years ago
Countess Corp. is expected to pay an annual dividend of $4.63 on its common stock in one year. The current stock price is $74.11
Mamont248 [21]

Answer:

r = 0.099974 or 9.9974% rounded off to 10.00%

Explanation:

Using the constant growth model of DDM we calculate the price of a stock today which is expected to pay a dividend which increases at a constant rate through out. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price under this model is,

P0 = D1 / r - g

Where,

  • r is the required rate of return or cost of equity
  • g is the constant growth rate in dividends

Plugging in the available values in the formula, we calculate r to be,

74.11 = 4.63 / (r - 0.0375)

74.11 * (r - 0.0375) = 4.63

74.11r - 2.779125 = 4.63

74.11r = 4.63 + 2.779125

r = 7.409125 / 74.11

r = 0.099974 or 9.9974% rounded off to 10.00%

7 0
3 years ago
On December 31, Rivera Company receives a utility bill in the mail for $440. Rivera Company intends to pay the bill in early Jan
olga55 [171]

Answer:

(a)overstated

(b)overstated

(c)no effect

Explanation:

(a) As there is an expense account (utilities expense) which, is not included in the income statement, result for the year will be higher than if was.

(b)The revenues account will be oaky. But, the total expenses will be lower, as there are cost of the period which are not included.

So the Net incoem will be higher than a correct income as their expenses do not include this utilities expense

(c) The balance sheet  will have no effect in the total Asset or Total Liaiblities+SE but, it is a change in the composition.

The income (reained earnings) should be lower as the income will be lower and a liability will be create (utilities payable) to fill this so:

with the mistake:

liab 0  equity (+400)

ammending the mistake

liab 400 equity 0

the net effect is zero.

It will decrease equity and increase liability, but the su of both will be the same

7 0
3 years ago
In the RST partnership, Ron's capital is $80,000, Stella's is $75,000, and Tiffany's is $50,000. They share income in a 3:2:1 ra
Aleks04 [339]

Answer:

A. $74,000

Explanation:

Since in this question, Tiffany is retired so we have to find the new ratio which is shown below:

As Tiffany take the shares of both the partners in 3: 2

So, the new ratio would be

Ron share = (3 ÷ 5) × (1 ÷ 6) = 3 ÷ 30

Stella share = (2 ÷ 5) × (1 ÷ 6) = 2 ÷ 30

So the ratio would be 3: 2

The 1 ÷ 6 is the Tiffany ratio

Now the balance after Tiffany withdraws from the partnership equals to

= Paid amount by Tiffany - Tiffany capital  

= $60,000 - $50,000

= $10,000

Ron's given amount = ($10,000 × 3 ÷ 5) = $6,000

So, Ron's capital balance equals to

= Ron's capital - Ron's given amount

= $80,000 - $6,000

= $74,000

6 0
3 years ago
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