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3 years ago

Funds transferred are addressed in article _____ of the ucc; this article was added to the ucc in 1989.

Business

1 answer:

Sauron [17]3 years ago

6 0

Answer:

Article 4

Explanation:

UCC Article 4 covers the liability of a bank for action or non-action with respect to an item handled by it for purposes of presentment, payment, or collection. The law of the place where the bank is located governs.

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The job order cost sheets used by Greene Company revealed the following: Job. No. Bal., May 1 May Production Costs 134 $ 1,700 $

tekilochka [14]

Answer:

A. 3200 ; 900

Explanation:

First, the multiple Choices for the question

A. 3200 ; 900

B. 2900 ; 1200

C. 1200 ; 2900

D. 1700 ; 1200

E. 4100 ; 0

SOLUTION

This is a job order costing question and Job order costing represents a cost accounting method where for each job, the cost is accumulated such that the cost for the job, work order and the project are separately accumulated.

1) The question is to determine the Cost of Goods sold for May

The formula = Cost of Job 134 + Cost of Job 135

= The cost of Job 134 = $1,700

The cost of Job 135 = Balance Ma y 1 + May Production Costs = $1,200 + $300

= $1500

= $1,700 + $1,500 = $3,200 - Cost of Goods sold for May

2) The WIP Inventory cost on 31st May

This is simply asking for the cost of Job 136, this is because Jobs 134 and 135 were completed during the month and Shipped to the Customer that same month

Hence the Work in Progress Inventory Cost on 31st May = $900

6 0

3 years ago

When should a thank-you letter be sent? a. 3 days after the interview b. 1 week after the interview c. 24 hours after the interv

Hitman42 [59]

Sending the thank-you letter should be done 24 hours after the interview. This is to make sure that the interviewer still has that sharp impression about you and this can also be done before the interviewer decides hiring you or not. Answer for this would be option C.

6 0

3 years ago

Read 2 more answers

An agricultural manager requires work

Art [367]

Answer:

C-Being able to obtain legal informational on grant programs

Explanation:

8 0

2 years ago

A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. Wha

forsale [732]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours.

To calculate the depreciation expense for each year, we need to use the following formula:

Annual depreciation= 2*[(book value)/estimated life (years)]

Year1= [(65,000 - 5,000)/4]*2= $30,000

Year2= [(60,000 - 30,000)/4]*2= $15,000

3 0

4 years ago

The following information relates to the Jasmine Company for the upcoming year, based on 428,000 units: Amount Per Unit Sales $

inn [45]

Answer:

Increase operating profit by $772,200

Explanation:

As for the provided information,

Details for special order are as follows:

It will require no additional operating expense whether fixed or variable in nature.

Further there is an idle capacity lying, to meet the order which will not require extra fixed manufacturing cost.

Total fixed cost in cost of goods sold = $2,268,400

Therefore total variable cost in cost of goods sold = $6,848,000 - $2,268,400 = $4,579,600

Average variable cost per unit = $4,579,600/428,000 = $10.70

Therefore, if the special order is accepted, which will cost only $10.70 per unit and be sold at $20.60 per unit.

It will add to operating profits as follows:

= 78,000 $\times$ ($20.60 - $10.70) = $772,200

8 0

3 years ago