Answer:
Debit to Factory Overhead
Credit to Factory Wages Payable
Explanation:
The journal entry to record the use of utilities in a factory is shown below:
Factory overhead Dr XXXXX
To Factory utilities payable XXXXX
(Being the usage of the utilities is recorded)
Here the factory overhead is debited as it increased the expenses and credited the factory utilities payable as it also increased the liabilities
With prestige goods and services, a higher price may, but not always, result in a higher sales volume.
<h3>What do economists mean by prestige goods?</h3>
Numerous products and services have prestige value, elevating the standing of their owners or users. Such items are referred to be prestige (or status, or positional) goods. These prestige products include things like jewelry, designer apparel, expensive homes and vehicles, and lavish entertainment.
<h3>Why is the demand curve for prestige items different?</h3>
Prestige goods may actually see an increase in demand as a result of price increases since customers perceive them to be more value. The demand curve slopes upward in certain circumstances.
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Answer:
Explanation:
a. Should he make the exchange?
Brett Produces almonds = 1050 tons
Owner of walnut produces = 774 tons
Market Price almond = $103 per ton
Market Price of walnuts = $114 per ton
Therefore
The market value of the almond crop = (1050 tons) x ($103)
= $108,150
The market value of the walnut crop = (774 tons) x ($ 114)
= $88,236
He should not make the exchange since the price of almond is high than walnuts
b. Does it matter whether he prefers almonds or walnuts?
Why or why not?
No. His preference is irrelevant to the value of the crops.
Is the above statement true or false? True
Before work is done there should be preparations, during workflow analysis, an organization's planners need to analyze what work needs to be done.
<h3>What is workflow?</h3>
Workflows describe how a particular task or job is done. It includes some sequence of tasks from start to finish, how and what exactly should be done at each step.
Therefore, during workflow analysis, an organization's planners need to analyze what work needs to be done.
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Answer:
Property that was sold three years ago by the debtor(A)
Explanation:
Property that was sold three years ago by the debtor : Debtor has no legal claim on the property of the bankrupt.
Community property: This is also knows as marital property. It belongs to both partners in marriage. Community property is part of the bankruptcy estate, even if only one spouse files for bankruptcy.
Property transferred in a transaction voidable by the trustee : these are transactions that trustee can prove to be voidable and recover transferred assets back to the bankrupt provided it can be proven to have been improperly transferred.
Proceeds and profits from the property of the estate : These are income realized from the estate after trustee fee has been paid and other associated expenses.
