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zvonat [6]
3 years ago
10

Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $9

75. Fragmental collected the entire $7800 cash on October 1. The entry on October 1 is: ______________________.
Business
1 answer:
Leviafan [203]3 years ago
3 0

Answer:

Debit cash $7800

Credit unearned revenue $7800

Explanation:

The amount of $7800 was received in cash on October 1. Therefore, the cash account will be debited with the $7800 received.

The corresponding credit entry of $7800 will be to the unearned revenue account since the revenue has not been earned. Revenue will be earned at the end of each month of the lease. This account will subsequently debited each time the revenue is earned i.e at the end of each lease month.

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Total expected units produced 6,000 3,000 Total expected material moves 500 100 Expected direct labor-hours per unit 6 9 The tot
andrezito [222]

The total materials handling cost allocated to the wall mirrors is closest to: $5,103.

<h3>Total materials handling cost: </h3>

First step is to calculate the total expected material moves:

Total expected material moves= 500+100

Total expected material moves= 600

Second step is to calculate  the total material handling cost allocated to  wall mirrors:

Total material handling cost allocated to  wall mirrors=$6,123.60× (500 /600)

Total material handling cost allocated to  wall mirrors=$5,103

Inconclusion the total materials handling cost allocated to the wall mirrors is closest to: $5,103.

Learn more about total materials handling cost here:brainly.com/question/25790358

4 0
3 years ago
Arisk-neutral consumer is deciding whether to purchase a homogeneousproduct from one of two firms. One firm produces an unreliab
MatroZZZ [7]

Answer:

Uncertainty over Reliable and Unreliable Product

a. Given this uncertainty, the most this consumer will pay to purchase one unit of this product is $25

b. The amount that this consumer will be willing to pay for the product if the firm offering the reliable product includes a warranty that will protect the consumer is $50.

c. This is because the stated maximum amount that the consumer is willing to pay for the reliable product is $50.  She is not prepared to spend more than this amount on the reliable product.

Explanation:

a) Data and Calculations:

                                                                    Unreliable     Reliable

Maximum amount the consumer will pay      $0              $50

Probability of reliability                                    0.5              0.5

Expected amount to pay for either product  $0              $25 ($50 * 0.5)

a. Given this uncertainty, the most this consumer will pay to purchase one unit of this product is $25 ($0 + $25)

5 0
2 years ago
Kathy, Sue, and Christina own a bakery. Each day all three women spend hours baking cakes, decorating cakes, and packaging cakes
Andreyy89
I believe the correct answer is C. specialization.
If they divide their work between themselves, it will be easier for them to get the job done more quickly. If Kathy specializes in baking, Sue in decorating, and Christina in packing, instead of doing all of these together, they won't spend as much time working.
6 0
3 years ago
The Internal Revenue Code and Treasury regulations are two major sources of federal tax law. Differentiate between the Code and
inysia [295]

Answer:

The Internal Revenue Code is federal statutory law while treasury regulations can not stand as laws on their own.

Explanation:

The Internal Revenue Code is federal statutory law passed into law by Congress and automatically becomes a law after the President has assented to it. This implies that the two arms of the government must be involved in it before before it becomes a law, otherwise it is null and void.

Treasury regulation is only meant to give interpretations and explanations to the Internal Revenue Code, law or statue, and it is not really a law by itself. The Treasury usually receives authority from the Congress to write regulations that will serve as the official interpretation of statutory law.

However, this does not mean that the regulations does not have appreciably authoritative weight, but it is just that the weight of authority of the regulation is less than the weight of the Internal Revenue Code.

6 0
3 years ago
A professional who searches for mispriced securities in specific areas such as merger-target stocks, rather than one who seeks s
Luden [163]

Answer:

Risk arbitrage.

Explanation:

This strategy in business dealings is seen to be forced up when a form of security is been sold from a firm to another. This is done with its value been raised very high; not minding the risk been involved. It can also be described as a form of exploitation of the market especially when seen to be imbalanced. Especially in the trade of stocks; here, these stocks are been bought during these imbalance period and been given out for sale at high and outrageous prices.

7 0
3 years ago
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