Answer:
$659,277
Explanation:
The computation of the manufacturing labor dollars per year over the three year period of performance is shown below:
For 3 year it is
= 3 × 1,800 hours × $31
= $167,400
For 4.5 years, it is
= 4.5 × 1,800 hours × $31 × 1.025
= $257,377.50
Foe 4 years, it is
= 4 × 1,800 hours × $31 × 1.025 × 1.025
= $254,499.50
So, the manufacturing labor dollars per year is
= $167,400 + $257,377.50 + $254,499.50
= $659,277
Answer:
Advertising Expense , Cost of Merchandise Sold , Merchandise Inventory, Sales,Supplies Expense are closed to income summary account. Revenues and expenses are closed to Income Summary.
Explanation:
Closing Entries
a. Accounts Payable: No it is not closed to income summary account.
b. Advertising Expense: Yes it is closed to income summary account.
c. Cost of Merchandise Sold: Yes it is closed to income summary account.
d. Dividends : No these are closed To Retained Earnings Accounts.
e. Merchandise Inventory : Yes it is closed to income summary account
f. Sales Yes it is closed to income summary account
g. Supplies: No prepaid supplies are an asset account and it is included balance sheet.
h. Supplies Expense: Yes it is closed to income summary account
i. Wages Payable: Not closed in the income summary account.
These are liabilities and included in the balance sheet.
Answer:
Option A is correct.
will earn a higher profit than Bright Nails
Explanation:
If sales of both saloons increases by an equal amount then Hard Nails<u> will earn a higher profit than Bright Nails.
</u>
- The strategy of Hard Nails is that it is paying it's manicurists on a salary basis i.e it is a fixed cost. If sales increases Hard Nails will not give any extra amount to it's manicurists.
- On the other hand the strategy of Bright Nails is that it is paying it's manicurists on the basis of no. of customers they serve. So, if sales increases then it have to pay more amount to it's manicurists.
Preventions for miscommunication are given below.
<h3>
What should we do to avoid miscommunication?</h3>
- Simplify your message; limit the number of thoughts in each sentence to be clear and concise.
- Get to the point fast to avoid talking in circles.
- Check your facts - Make certain that your communication is free of errors.
- Nothing is more perplexing than disseminating misleading information.
Strategies for better communication:
- Make your messages clear and succinct.
- Don't dodge difficult subjects.
- Choose your communication medium appropriately.
- Maintain your composure.
- Encourage individuals to come to you if they are unsure.
Yes, I've certainly encountered several similar moments, mostly in the dating arena, which frequently produce a situation in which one is dealing with confusing signals.
Therefore, preventions for miscommunication are given.
Know more about communication here:
brainly.com/question/26152499
#SPJ4
Answer:
$130,608
Explanation:
To calculate the cost of goods sold per the above information, we need to calculate first the portion of the trade discount on the goods purchased.
Trade discount = Goods purchased × 20% trade discount
= $181,400 × 20%
= $36,280
The next step is to calculate Sales and Gross profit
Sales = [$181,400 - $36,280] = $145,120
Gross profit = $145,120 × 10% = $14,512
Therefore,
Cost of goods sold = Sales - Gross profit
Cost of goods sold =$145,120 - $14,512
Cost of goods sold = $130,608
Hence, Oriole Co. would record $130,608 as cost of goods sold.
