What is the name of the economic system where the government regulates the prices and the supply of the goods?

PB13.

irga5000 [103]

Answer:

Journal entry for each transaction is given below.

Materials were purchased on account for $5,429.

Debit Material Account $5,429

Credit Payable $5,429

Materials were requisitioned to begin work on Job C15 in the amount of $2,500.

Debit WIP JOB C15 Account $2,500

Credit Material Account $2,500

Direct labor expense for Job C15 was $4,250.

Debit WIP JOB C15 Account $4,250

Credit Payroll Account $4,250

Actual overhead was incurred on account for $5,385.

Debit Factory Overhead Control Account $5,385

Credit Expense payable/cash $5,385

Factory overhead was charged to Job C15 at the rate of 200% direct labor.

Debit WIP JOB C15 Account $8,500

Credit Applied Factory overhead Account $8,500

Job C15 was transferred to finished goods at $15,250.

Debit Finished Good Account $15,250

Credit WIP JOB C15 Account $15,250

Job C15 was sold on account for $28,000

(2 entries will be passed at this stage)

Debit Cost of Good Sold $15,250

Credit Finished Good Account $15,250

Debit Receivable/Cash Account $28,000

Credit Sales $28,000

4 0

3 years ago

Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b

Kazeer [188]

Answer:

Adjusted cash balance : $25850

Explanation:

The goal of a reconciliation statement is to ascertain the differences between the banks records and the depositor’s records and make accounting changes as deemed appropriate. There is a general flow that is used to make the correcting entries:

1. The process flow starts with the bank’s ending cash balance

2. Add any deposits made by the company to the bank that are in transit

3. Deduct any cheques that are uncleared by the bank

4. Add or deduct any other differences available as necessary

5. In the company bank records, once again start with the ending balance

6. Add interests earned

7. Deduct any bank service fees, penalties and NSF (Non-Sufficient Funds) cheques.

8. Add or deduct any other differences available as necessary

At the end of this process, it is likely that both accounts would be equal and tally.

Please refer attached table for details on the calculation.

6 0

3 years ago

NOVA Chemicals is a plastics and chemical company whose products are used in a wide variety of applications, including food and

telo118 [61]

Answer:

a) targeting.

Explanation:

Targeting -

It refers to the marketing strategy , where some selected or specific type of people are targeted to market the goods and service produced , is referred to as targeting .

In the process of targeting , the people are distributed according to some specific characteristics .

Hence , from the given scenario of the question,

The correct option is a) targeting .

3 0

3 years ago

A photocopier cost 96000 when new and has accumulated depreciation of 95000. if the business discards this plant asset, the resu

Semenov [28]

A photocopier cost 96000 when new and has accumulated depreciation of 95000. if the business discards this plant asset, the result is $1,000.

Cost of photocopier $ 96,000.

Less: Accumulated depreciation $ (95,000).

Loss on discard $ 1,000.

A photocopier (also known as a copier or copier, formerly Xerox machine, a generic trademark) is a machine that copies documents and other visual images onto paper or plastic film quickly and inexpensively.

The photocopier (also known as copier or copier, formerly Xerox machine, generic brand) is a machine that copies documents and other visual images onto paper or plastic film quickly and inexpensively. Most modern copiers use a technology called xerography. It is a dry process that uses the electrostatic charge of a photosensitive photoreceptor to first attract toner particles (powder) and then transfer them to paper in the form of an image.

Learn more about photocopier here: brainly.com/question/25307534

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3 0

1 year ago

The existence of a ________ means that the interest rate on a two-year bond will exceed the average interest rate on two success

krok68 [10]

The answer is risk-premium

7 0

3 years ago