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navik [9.2K]
3 years ago
9

Robin Company purchased on account and used 520 pounds of direct materials to produce a product with a 510-pound standard direct

materials requirement. The standard materials price is $2.10 per pound. The actual materials price was $2.00 per pound.
1. Prepare the journal entries to record the purchase of the materials. If an amount box does not require an entry, leave it blank. Materials 520 Direct Materials Price Variance 52 Accounts Payable 468

2. Prepare the journal entries to record the material entering production. If an amount box does not require an entry, leave it blank. Work in Process Direct Materials Quantity Variance
Business
1 answer:
r-ruslan [8.4K]3 years ago
3 0

Answer:

i think 1......but i don't know

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A company has a cost of debt (before tax) of 5.5% and a cost of equity of 12.8%. In addition, the company has a target capital s
alexira [117]

Answer:

10.12%

Explanation:

Wacc = (D / V)rd (1 - t) + (E / V) re

(D/V) = 0.3

Rd = before tax cost of debt = 5.5%

T = tax rate = 30%

(E / V) = 0.7

Re = marginal cost of equity = 12.8%

= (0.3 x 5.5% × 0.7) + (0.7 x 12.8%) = 1.155% + 8.96% = 10.12%

I hope my answer helps you

4 0
3 years ago
Which of the following statements is false? Multiple Choice The short run refers to a period of less than one year. In the long
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Answer:

The short run refers to a period of less than one year.

Explanation:

The statements is false that the short run refers to a period of less than one year.

The short run, long run and very long run are different time periods in economics.

<u>Short run – where one factor of production (e.g. capital) is fixed</u>.

long run – Where all factors of production are variable,

Unlike in accounting where operating period refer to a period of one year, <u> there is no hard and fast definition as to what is classified as "long" or "short" and mostly relies on the economic perspective being taken.</u>

7 0
3 years ago
The aggregate quantity of goods and services demanded changes as the price level rises because
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Answer:

a.

Explanation:

The aggregate quantity of goods and services demanded changes as the price level rises because real wealth falls causing interest rates to rise, and this in term causes the dollar to appreciate since the interest rates are for products and services within the country and not foreign goods or services. Which as the dollar appreciates it means that foreign goods and services will become cheaper or that their relative price will fall.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
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1. A useful characteristic of money is that money
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Answer:

O A. allows us to compare the values of goods and services.

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Money has three primary functions which include a medium of exchange, unit of account,  and store of value.

As a unit of account, money is used to give value to other assets. In other words, money provides a medium through which assets and products are valued.  Money is divisible into smaller units which makes its application in valuation easy.

The value of goods and services is expressed in monetary terms.  Buyers and seller, therefore, can determine how much is needed to transact.

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3 years ago
Charging someone higher interest on a loan because they missed a payment in the past is:
posledela

Answer:D

Explanation:

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