Answer:
b. The chart of accounts is a list of accounts that includes numbers and descriptions.
c. The general ledger is a list of accounts that includes numbers, descriptions, and changes in those accounts.
d. The general ledger is known as the core of any accounting system.
Explanation:
The chart of account refers to the various types of accounts i.e revenue, expenditure, asset, liabilities and so on which depicts the number of accounts, the descriptions of account, nature of the account, and the categories in which they are lying.
Whereas the general ledger is the recording of the transactions held by the business which also includes account number, their descriptions, and the changes held in those accounts. Plus, it is also known as the core of any accounting system
The best logical induction that can be made is d. People do and do not like oranges.
<h3>What is logical induction?</h3>
This refers to making a generalization about a population based on individual pieces of information about the population's members.
Betsy and Benjamin like oranges but Jose does not. This means that people can either like or dislike oranges.
Find out more on logical induction at brainly.com/question/2547001
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Answer:
If the company decides to purchase the parts, its total costs will increase by $3,400, so it should continue to manufacture the part.
Explanation:
current production costs:
direct materials $15,800
Direct labor $6,900
Variable overhead $16,800
Fixed overhead $12,000
total costs = $51,500
if the company can purchase the 100 units form an outside vendor for $47,100 and avoid $4,100, its total costs would be:
purchase price $47,000
fixed overhead = $12,000 - $4,100 = $7,900
total costs = $54,900
If the company decides to purchase the parts, its total costs will increase by $3,400, so it should continue to manufacture the part.
Answer:
$4,000
Explanation:
Preparation of the journal entry.
Based on the information given we were told that The indirect materials totaled the amount of $4,000 which means that the appropriate journal entry to record this requisition would include a DEBIT TO MANUFACTURING OVERHEAD of the amount of $4,000.
(To record requisition)
6 % of 5,200 = 312 (Annually)
312 × 9 = <span>2808</span>
