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3 years ago

Silence will operate as acceptance in the following circumstances except:

1 answer:

3 0

Silence will operate as acceptance in the following circumstances except when the offeror indicates that silence will operate as acceptance

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Capital State University agreed to pay for Irene to attend their school and play lacrosse for their team. As part of their arran

nika2105 [10]

Based on the information given the form of financial aid that Irene receive is: Scholarship.

Scholarship is a form of financial aid or financial assistance granted to an individual in order to support them.

Example when a person education or tuition fees is fully paid without the person paying a dime, it is called scholarship.

Based on the information given the financial aid that Irene receive is called scholarship because the university fully paid Irene tuition without Irene paying a dime.

Inconclusion the form of financial aid that Irene receive is: Scholarship.

Learn more about scholarship here:

brainly.com/question/9958317

8 0

2 years ago

On May 27, Buzz Off Inc. reacquired 5,500 shares of its common stock at $23 per share. On August 3, Buzz Off sold 3,200 of the r

ElenaW [278]

Answer:

May 27

Dr Treasury Stock $126,500

Cr Cash $126,500

Aug. 3

Dr Cash $83,200

Cr Treasury Stock $73,600

Cr Paid-in Capital from Sale of Treasury Stock $9,600

Nov. 14

Dr Cash $50,600

Dr Paid-in Capital from Sale of Treasury Stock $2,300

Cr Treasury Stock $52,900

Explanation:

Preparation for the Journal entries for Buzz Off Inc

May 27

Dr Treasury Stock $126,500

(5,500 × $23)

Cr Cash $126,500

Aug. 3

Dr Cash $83,200

(3,200 × $26)

Cr Treasury Stock $73,600

(3,200 × $23)

Cr Paid-in Capital from Sale of Treasury Stock $9,600[3,200 × ($26 – $23)]

Nov. 14

Dr Cash $50,600

($5,500-$3,200 × $22)

Dr Paid-in Capital from Sale of Treasury Stock $2,300

[$5,500-$3,200 × ($23 – $22)

Cr Treasury Stock $52,900

(2,300 × $23)

3 0

3 years ago

he manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indica

Fofino [41]

Answer:

To calculate the total cash disbursement for manufacturing overhead, take the total manufacturing overhead cost less depreciation.

Total manufacturing overhead cost

= Variable costs + Fixed costs

= (direct labor hours x rate per direct labor hour) + Fixed costs

= (3000 x $5) + $43140

= $15000 + $43140

= $58140

Cash disbursement cost

= Total manufacturing overhead cost - depreciation

= $58140 - $3620

= $54520

The January cash disbursement for manufacturing overhead is $54520.

Explanation:

A few key points to remember:

Fixed manufacturing overhead cost is all the costs of production which stay constant such rent, depreciation, etc. In other words components in the manufacturing process which stay constant.

Variable cost is based on the number of direct labor hours and the rate allocated per direct labor hour.

When calculating the cash disbursement, depreciation is taken out as a fixed component from the total manufacturing cost as it is not a cash outlay even though it is a fixed cost. Hence cash disbursement is calculated on the total manufacturing overhead less depreciation.

6 0

4 years ago

Read 2 more answers

A company purchased a computer, office furniture, and office supplies by issuing a check for $5,000 and a note payable for $19,5

Morgarella [4.7K]

Answer:

The total recorded value of the items is 24,500

4 0

4 years ago

A furniture company using accrual accounting purchased 20 sofas in November 2011. In December 2011, 8 of the 20 sofas were sold

kvasek [131]

Answer:

November 2011

Explanation:

Based on the information given if the company purchased 20 sofas in the month of November 2011 in which the company paid the amount of $3,000 for an advert that ran in the local newspaper in the same month of November 2011 which simply means that the month in which the advertising costs should be expensed is the month of NOVEMBER 2011 which is the month the company paid the amount of $3,000 for advertising in the local newspaper.

6 0

3 years ago