Below are the three different ways decision makers might select projects while considering both<span> financial and non-financial factors:
1. Financial analysis can be the main strategy for choosing ventures.
2. Financial analysis can be a screening gadget to qualify potential undertakings for thought utilizing a scoring model to settle on determination choices.
3. Financial analysis can be one factor in a multi-factor scoring model used to choose ventures</span>
Answer:
Direct material used= $123,600
Explanation:
Giving the following information:
January 1 December 31
Inventories
Raw materials inventory $8,900 $11,300
Materials purchased $126,000
<u>To calculate the direct material used, we need to use the following formula:</u>
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 8.900 + 126,000 - 11,300
Direct material used= $123,600
Answer:
North Star
Adjusting Journal Entries:
December 31:
Rent Expense $1,280
Prepaid Rent $1,280
To accrue rent for the period.
Depreciation Expense $1,080
Accumulated Depreciation $1,080
To accrue Depreciation charge for the year.
Utilities Expense $9,800
Utilities Payable $9,800
To accrue unpaid utilities.
Income Tax Expense $470
Income Tax Payable $470
To accrue income tax liability.
Explanation:
Adjusting entries are journal entries that are made at the end of an accounting period to ensure that all expenses and incomes pertaining to the period are recognized in accordance with the accrual concept and the matching principle. These accounting concepts require that all expenses incurred whether paid for or not and income whether received or not, which relate to the period, are matched respectively.
Answer: D. Common stock
Explanation:
Common stock refers to the security which represents ownership in a corporation.
The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organizing a corporation includes a credit to the common stock.
Answer:
The correct answer is Increase in accounts payable and unearned fees.
Explanation:
An account payable consists of a debt incurred by the company directly related to the economic activity of the company. An account payable is a debtor account in a company and indicates that it has to pay its suppliers (or other creditors).
The amounts that are accounted for as accounts payable come from the purchase of goods or services in terms of credit. So, accounts payable are similar to credits with the difference that banks are not involved.
