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3 years ago

EA13.

Business

1 answer:

navik [9.2K]3 years ago

6 0

Answer:

Journal entries for the

Completion of Job 113

Debit Finished Good/Inventory Account $ 5000

Credit WIP JOB 113 Account $ 5000

(In words we will debit finished good account by shifting work in process related to the job 113 in it)

Journal entries for the

Completion and sale of Job 85

Debit Finished Good/Inventory Account $ 3000

Credit WIP JOB 113 Account $ 3000

For sales following two entries will be passed.

Debit Cost of Good Sold Account $ 3000

Credit Finished Good/Inventory Account $ 3000

Debit Cash (or Receivable if credit sale) $ 4500

Credit Sales Account $ 4500

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Beau Corporation sells a unit of its product for $250 per unit, while its variable costs per unit are $75. Fixed cost are bud

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Answer:

Number of units that must be sold to earn the target profit is 3000 units.

The contribution margin ratio is 0.70

Explanation:

We will use the break even analysis modified for target profit to calculate the number of units needed to earn the desired

The break even point in units is calculated by dividing the fixed cost by the contribution margin per unit. To calculate the number of units required to earn the desired profit, we add the desired profit to fixed cost and divide it by the contribution margin per unit.

Contribution margin per unit = 250 - 75 = $175

Number of units required to earn target profit = (325000 + 200000) / 175

Number of units required to earn target profit = 3000 units

The contribution margin ratio is = 175 / 250 = 0.7 or 70%

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3 years ago

1. Zehra is an employee of Claire. It is payday, but Claire does not have the money to pay Zehra right away, so she signs a simp

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Answer:

e. An "I Owe You" - just evidence of a debt owed.

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If, at a good's current price, the quantity demanded is 2,000 units and the quantity

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Answer:

Explanation:

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2 years ago

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Explanation:

The cash flow to the creditors in 2016 will be calculated as:

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