The inflationary spiral explains the causes and effects of high inflation.

Preparing a Schedule of Cash Collections on Accounts Receivable Kailua and Company is a legal services firm. All sales of legal

VMariaS [17]

Answer: $81,060 in August and $80,850 in September

Explanation: Please find attached a table.

August 86,800 17,360 38,500 25,200 81,060

September 91,000 18,200 43,400 19,250 80,850

8 0

3 years ago

In early July, Damon Rutton purchased a $70 ticket to the December 15 game of the Sarasota Shippers. Parking for the game was ex

Bingel [31]

Answer:

Sunk cost will be = $70

Explanation:

Sunk Cost refers to the cost for which the amount has been already spent, and cannot be recovered. These are generally incurred and then not regarded for decision making as irrespective of decision being viable or not this cost cannot be avoided.

In the given instance, Damon Rutton Purchased the ticket of $70

This is the only cost which has already been incurred, else other costs of parking and food will only be incurred if he visits the game of Sarasota Shippers.

When he spend some time with his wife sunk cost will be = $70

8 0

3 years ago

What is the prime minister of united state of america

MrMuchimi

Answer:

Donald Trump

Explanation:

OKi

7 0

3 years ago

Farrugia Corporation produces two intermediate products, A and B, from a common input. Intermediate product A can be further pro

algol13

Answer:

Farrugia Corporation

a. The amount made from processing one batch of the common input into the end products X and Y:

$2 ($95 - $93)

Explanation:

a) Data and Calculations:

Intermediate products = A and B

Intermediate product A processed into end product X

Intermediate product B processed into end product Y.

Cost of purchase of common input = $36

Cost of processing a batch to produce intermediate products A and B = $15

Further processing of product A into X will cost = $14

Further processing of product B into Y will cost $28

Sales price of X = $32

Sales price of Y = $64

Total price for X and Y = $95

Total cost for X and Y:

Purchase of a batch = $36

Cost of batch processing = 15

Cost of further processing A: 14

Cost of further processing B: 28

Total cost = $93

The company makes $2 ($95 - $93) from processing one batch of the common input into the end products X and Y.

8 0

3 years ago

Jellyfish Machine Shop is a manufacturer of motorized carts for vacation resorts. Patrick Cullin, the plant manager of Jellyfish

Iteru [2.4K]

Answer:

1.The normal spoilage rate is 15%

2.a The journal entry to record the normal spoilage, assuming The spoilage is related to a specific job is the following:

Material Control A/c Dr. $ 1,410

To Work in progress control (Job # 10) A/c Cr. $ 1,410

b. The journal entry to record the normal spoilage, assuming The spoilage is common to all jobs is the following:

Material Control A/c Dr. $ 1,410

Manufacturing overhead control A/c Dr. $ 5,190

To Work in progress control (Job # 10) A/c Cr. $ 6,600

c. The journal entry to record the normal spoilage, assuming The spoilage is considered to be abnormal spoilage is the following:

Material Control A/c Dr. $ 1410

Loss from Abnormal spoilage A/c Dr. $ 5190

To Work in progress control (Job # 10) A/c Cr. $ 6600

Explanation:

1.In ordert to calculate the normal spoilage rate we would have to use the following formula:

normal spoilage rate= (6 spoiled units / 40 good units)

= 0.15

= 15%

The normal spoilage rate is 15%

2.a Material Control A/c= 6 spoiled units * 235 per unit=$ 1,410, Therefore, the journal entry to record the normal spoilage, assuming The spoilage is related to a specific job is the following:

Material Control A/c Dr. $ 1,410

To Work in progress control (Job # 10) A/c Cr. $ 1,410

b. Material Control A/c= 6 spoiled units * 235 per unit=$ 1,410

Manufacturing overhead control A/c= [6 spoiled units * ($1,100 - $235) per unit]=$ 5,190, Therefore, the journal entry to record the normal spoilage, assuming The spoilage is common to all jobs is the following:

Material Control A/c Dr. $ 1,410

Manufacturing overhead control A/c Dr. $ 5,190

To Work in progress control (Job # 10) A/c Cr. $ 6,600

c. Material Control A/c= 6 spoiled units * 235 per unit=$ 1,410

Loss from Abnormal spoilage A/c=[6 spoiled units * ($1,100 - $235) per unit]=$ 5,190, Therefore, the journal entry to record the normal spoilage, assuming The spoilage is considered to be abnormal spoilage is the following:

Material Control A/c Dr. $ 1410

Loss from Abnormal spoilage A/c Dr. $ 5190

To Work in progress control (Job # 10) A/c Cr. $ 6600

5 0

3 years ago