Answer: I)Accrued ReVenue /Service Revenue.
2.-Prepaid Expenses/ Insurance Expenses
3.No Entry
4.Prepaid expenses /depreciation expense
5.Accrued Interest payable/Interest Expenses
6.Accrued expenses/ Interest expenses.
7.Unearned expenses/ Service Revenue
Explanation:The type of adjusting entry/ the related account in the adjusting entry is given below
a)For Accounts Receivable---Accrued ReVenue /Service Revenue.
(b) For Prepaid Insurance---Prepaid Expenses/ Insurance Expenses
(c) Equipment ---- Equipment Exoenses. Equipment is a long-term asset that will not last so the cost of equipment is recorded in the account Equipment. No entry is needed in this account.
(d) For Accumulated Depreciation Equipment-----Prepaid expenses /depreciation expense
e) Notes Payable : Accrued Interest payable/ Interest Expenses
(f) Interest Payable--- Accrued expenses/ Interest expenses
(g) Unearned Service Revenue--Unearned expenses/ Service Revenue
<span>MRP stands for Material Requirements Planning and thus for the planning of the demand for necessary raw materials. If properly planned, the error rate decreases and productivity increases.</span>
Answer:
Planning. Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives. Planning requires that managers be aware of environmental conditions facing their organization and forecast future conditions.
Explanation:
Answer and Explanation:
Work In Process Inventory $96,000
Manufacturing Overhead $9,000
Raw Materials Inventory $105,000
Answer: a) Cyclically unemployed
b)Frictionally Unemployed
c) Structurally Unemployed
Explanation:
First off let us define each.
Frictional Unemployment is the simple movement of people from one job to another or simply people entering the job market for the first time.
Structural Unemployment is as a result of people losing jobs due to a mismatch in skill or preference as well as the rise of technological or Economic Advances.
Cyclical Unemployment occurs when people lose jobs because the Economy is see hard times and cannot give people full employment.
Now that we have a rudiment grasp, let us categorize.
a. Lucia is a real estate agent. House sales in her area have declined because the region has been going through a recession. She has no clients and is currently looking for a new full-time job. CYCLICALLY UNEMPLOYED.
b. Ginny is a physician who has decided to relocate to California to be closer to her family. She is currently interviewing with several prestigious hospitals in the San Francisco Bay Area. FRICTIONALLY UNEMPLOYED.
c. Eric left his job as a plumber when his wife took a position in another region. The quantity of plumbing services demanded is considerably lower in the new region, in part because of high, union-negotiated wages. He would like to work at the high union wage but remains unemployed due to a lack of plumbing jobs. STRUCTURALLY UNEMPLOYED.
If you need any clarification do comment.