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4 years ago

5

Luis received his account statement. He needs to make sure the balance in his checkbook register is correct. To reconcile his ch

eckbook, the first thing he should do is _____.

1 answer:

m_a_m_a [10]4 years ago

4 0

Answer:

He needs to add all of the transactions together.

Explanation:

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The RideEm Bicycles factory can produce 160 bicycles in a day at a total cost of $10,600. It can produce 180 bicycles in a day a

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Ummmm I really don’t know but I have to answer a question to ask one

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3 years ago

Which of the following is not a valid FICO credit score?

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<span>C. 275 because the range should be around 300 to 800</span>

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3 years ago

Read 2 more answers

X-Mart uses the perpetual inventory system to account for its merchandise. On May 1, it sold $1,400 of merchandise on credit. Th

Eva8 [605]

Answer:

d. Debit Cost of Goods Sold $500.

c. Credit Merchandise Inventory $500.

Explanation:

The journal entry to record the cost of the sale is shown below:

Cost of Goods Sold $500

To Merchandise inventory $500

(To record the cost of the sale)

Here the cost of goods sold is debited as it increased the expenses and credited the merchandise inventory as it reduced the assets

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3 years ago

During 2020, Nash Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Nash for a lump s

LUCKY_DIMON [66]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The manufacturer sells the chairs to Nash for a lump sum of $161,595.

Purchase:

Lounge chairs 1,080

Armchairs 810

Straight chairs 1,890

Sell:

Lounge chairs: 540 units at $90 =48600

Armchairs: 270 units at $80= 21600

Straight chairs: 324at $50= 16200

We need to determine the cost of sold goods. First, we will ponderate the lump sum cost for each type of chair.

Total units= 3780

Lounge= 1080/3780= 0.29

Armchairs= 810/3780= 0.21

Straight= 1890/3780= 0.5

Total cost= 161,595.

Lounge= 0.29* 161595= $46,862.55= $43.39

Armchairs= 0.21*161595= $33,934.95= $41.89

Straight= 0.5* 161595= $80,797.5= $42.75

Sales= $86400

COGS= (43.39*540) + (41.89*270) + (42.75*324)= 48,591.9

Gross profit= 37,808.1

Inventory= 161595 - 48491.9= %113,103.1

4 0

3 years ago

MC Qu. 157 West Company estimates that overhead costs... West Company estimates that overhead costs for the next year will be $3

Slav-nsk [51]

Answer:

$35,84 per machine hour

Explanation:

Plantwide overhead rate = Budgeted overheads ÷ Budgeted Activity

where,

Budgeted overheads = $3,600,000 + $880,000 = $4,480,000

Budgeted Activity = 125,000 machine hours

therefore,

Plantwide overhead rate = $4,480,000 ÷ 125,000

= $35,84 per machine hour

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3 years ago