Answer and Explanation:
The computation of the asset turnover for all three companies is as follows:
<u>Particulars YRC UNP CH
</u>
Sales 4697500 19941000 13144413
Divided by
Average
total assets 1824700 55159000 3436058
Assets turnover 2.6 0.4 3.8
<span>80,000 people who traveled to the West in search of riches</span>
Answer:
Credit to cash for 250
Explanation:
As in the question it is given that the customer is paid for $250 for purchase made in the first week of January.
And, in the bank statement it is shown that it was a NSF check.
Now the adjusting the company cash balance for reconciling the item would include a credit for cash for $250 so that the balance should be equaled
Answer:
d) $38,000 Debit balance.
Explanation:
Predetermined overhead rate = Estimated Total Overhead Costs / Estimated Direct Labor Costs
= $472000 / $2,360,000
= 0.2
= 20% of direct labor costs.
Applied overheads = (20%*Actual direct labor costs)
Applied overheads = 20% * $1,980,000
Applied overheads = $396,000
So, Overhead under-applied = $434,000 - $396,000 = $38,000 (Debit)
