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3 years ago

EB11.

Business

1 answer:

Natasha2012 [34]3 years ago

3 0

Answer:

The journal entry to record the factory wages of $25,000 incurred in the processing department is given below.

Debit Processing Department (WIP Asset) $ 25,000

Credit Factory Wage (Liability) $ 25,000

The journal entry to record the factory wages of $15,000 incurred in the production department.

Debit Production Department (WIP Asset) $ 15,000

Credit Factory Wage (Liability) $ 15,000

Please note that these work in process are asset accounts and the cost of inventory is expenses as goods are sold.

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Market anomaly refers to _______.A. an exogenous shock to the market that is sharp but not persistentB. a price or volume event

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Answer:

the correct answer is C. A trading or pricing structure that interferes with efficient buying and selling of securities.

Explanation:

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3 years ago

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2 years ago

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Answer:

How long will it take them to cover the cost of refinancing = 29months

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3 years ago

Joe, Patrick, and Adam are friends. They have the same preference over consumption and leisure. Joe has two jobs. He auditions f

Roman55 [17]

Answer:

2. For Joe income effect dominates while for Adam substitution effect dominates

Explanation:

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3 years ago

Accord Company purchased land for $100,000 by making a cash payment of $30,000 and promising to pay the remaining amount in a

Volgvan

Answer:

Assets and liabilities both will increase by $70,000.

Explanation:

Given data provided

Purchase land = $100,000

Cash payment = $30,000

The computation of net effect is shown below:-

= Purchase land - Cash payment

= $100,000 - $30,000

= $70,000

Therefore, for computing the net effect we simply deduct cash payment from purchase land. So, Assets and liabilities both will increase by $70,000.

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3 years ago