Answer:
Nexium & Associates Journal entries
March 1
Dr Accounts Receivable800
Cr Service Revenue 800
March 9
Dr Office Furniture1,060
Cr Office Supplies 160
Cr Accounts Payable1,220
March 15
Dr Accounts Payable1,220
Cr Cash1,220
March 23
Dr Electricity Expense430
Cr Accounts Payable430
March 31
Dr Salaries Expense850
Cr Cash850
Explanation:
The details given about Nexium & Associates are straight forward and required no further
adjustment.
Answer:
c $4,450 U
Explanation:
The computation of the Variable overhead spending variance is shown below:
= (Standard variable overhead Rate × Actual Hour) - (Actual Rate × Actual Hour)
= ($12 × 400 units × 5.6 hours) - ($31,330)
= $26,880 - $31,330
= $4,450 Unfavorable
The (Actual Rate × Actual Hour) is also called as Actual variable overhead.
All other information which is given is not relevant. Hence, ignored it
Answer:
In the question, we are not given information with respect to sales costs, so we can only find total gross sales:
Sales Budget fist 2 quarters of the year
Product Sales Price Sales Q1 Sales Q2 Total gross sales
XQ-103 $14 22,590 27,710 $704,200
XQ-104 $27 14,880 16,200 $839,160
$1,53,360
Answer:
Semler's early leadership Style was the coercive one. He expected a lot from his employees believe in micromanaging his team. He always do overtime and expects the same from his employees/team as well.
Explanation:
Semler's early leadership Style showed that he wanted immediate success and be bossy in terms of selecting and firing the employees.
Answer:
Cedrick's potential maximum liability = $50
Explanation:
Given:
$250 = a Blueminusray player
$600 = new set of tires
$200 = Cash withdrawal
$40 = interest charges
Find:
Cedrick's potential maximum liability
Computation:
Cedrick's potential maximum liability = Blueminusray player - Cash withdrawal
Cedrick's potential maximum liability = $250 - $200
Cedrick's potential maximum liability = $50
