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Lera25 [3.4K]
4 years ago
10

Benson Co. purchased land and paid the full purchase price in cash. The journal entry necessary to record this event includes a:

A. debit to Land and a debit to Cash. B. debit to Cash and a credit to Land. C. credit to Land and a credit to Cash. D. debit to Land and a credit to Cash.
Business
1 answer:
Annette [7]4 years ago
5 0

Answer:

A. debit to Land and a debit to Cash.

Explanation:

Land, an asset, is increased with a debit, and cash, another asset is decreased with a credit.

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The Tampa Bay Lightning is preparing an advertising campaign in which it will contrast its products with those of named competit
riadik2000 [5.3K]

Answer:

Comparative Advertising.

Explanation:

The Tampa Bay Lightning will name the competitor's product, and then, will use measurable attributes to make seem inferior to its own product. This is an example of comparative advertising.

Another example would be if Coca Cola launched an add naming Pepsi explicitly, and declaring that Pepsi tastes worse, or makes people fatter, or both.

Comparative advertising must always clearly indentify the competitor's product, according to the Federal Trade Commission.

4 0
3 years ago
roarie brothers farm a seed company specializing in seed corn. at their weekly meeting they tried to calculate the portion of th
alexdok [17]

Answer:

variable cost per bushel = $0.18848

total fixed costs = $6,652

Explanation:

we can use the high-low method of accounting to determine the variable and fixed costs:

  • highest activity cost = $25,500
  • highest activity level = 100,000 bushels

  • lowest activity cost = $7,500 (*doesn't make sense to use $75,000)
  • lowest activity level = 4,500

variable cost per unit = (highest activity cost - lowest activity cost) / (highest activity units - lowest activity units)

variable cost per unit = ($25,500 - $7,500) / (100,000 - 4,500) = $18,000 / 95,500 bushels = $0.18848 per bushel, since the quantities are large, we cannot round up

fixed costs = highest activity cost - (variable cost x highest activity units)

fixed costs = $25,500 - ($0.18848 x 100,000) = $6,652

6 0
3 years ago
Read 2 more answers
What is your intended major? discuss how your interest in the subject developed and describe any experience you have had in the
Mashutka [201]
This question is mostly based on your personal opinion and experience, so I don't think that I'll be able to help you with this question.
3 0
3 years ago
Why is it important to use the right strategies to beat competition?:​
Cloud [144]

Answer:

Therefore, competitive strategy is essential for the survival of the product in the market. Having a new competitive strategy to beat rival companies or their products by renaming or redesigning their products will help the company to be more profitable and create an image new on the market.

3 0
3 years ago
Bike St. Pete currently produces 1,000 tires per month. The following per unit data apply for sales to regular customers: Direct
Tpy6a [65]

Answer:

$78,000

Explanation:

Total cost of producing 2,000 tires:

= [(Direct materials + Direct manufacturing labor + Variable manufacturing overhead) × 2,000 units] + Fixed cost

= [($20 + $3 + $6) × 2,000 units] + ($10 × 2,000 units)

= $58,000 + $20,000

= $78,000

Therefore, the total cost of producing 2,000 tires is $78,000.

8 0
3 years ago
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