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3 years ago

Journalize the entries to record the following selected transactions.

Business

2 answers:

Inessa05 [86]3 years ago

7 0

Answer:

Please see attached

Explanation:

Please see worked out entries on the attached papers

zlopas [31]3 years ago

5 0

Answer:

Journal Entries

Dr. Cr.

Sale of Merchandise

a. Account Receivable $4,240

Sales $4,000

Sales Tax Payable $240

Cost of Goods Sold $2,360

Merchandise Inventory $2,360

b. Payment of Sales Tax

Sales tax Payable $42,110

Cash $42,110

Explanation:

Sales of Merchandise increase the account receivable and tax liability as well. Inventory has been reduced by the cost of merchandise.

Tax is paid and sales tax liability is reduced along with cash.

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Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. The

andre [41]

Answer:

$409185

Explanation:

Given: Budgeted output units: 28,475 units

Budgeted machine-hours: 17,085 hours

Budgeted variable manufacturing overhead costs for 28,475 units: $358,785

Actual output units produced: 32,475 units

Actual machine-hours used: 15,000 hours

Actual variable manufacturing overhead costs: $384,060.

First, we will find Budgeted machine hour per unit produced.

Budgeted machine hour per unit produced= $\frac{Budgeted\ machine\ hour}{Budgeted\ units}$

⇒ $Budgeted machine hour per unit produced= 17085\div 28475= 0.6$

∴Budgeted machine hour per unit produced= 0.6

Budgeted machine hours allowed for 32475 units= $32475\times 0.6= 19485$

Budgeted variable overhead rate per machine hour= $\textrm {Budgeted variable manufacturing overhead costs}\div Budgeted\ machine\ hours$

Budgeted variable overhead rate per machine hour= $358785\div 17085= \$ 21$

Now, lets find out flexible budget amount.

Flexible budget amount= $\textrm{Budgeted machine hours allowed}\times \textrm{Budgeted variable overhead rate}$

Flexible budget amount= $19485\times \$ 21= \$ 409185$

∴Flexible budget amount for variable manufacturing overhead= $409185

6 0

3 years ago

Roberta, a store manager, uses her coercive power effectively to motivate employees. because of her coercive power, roberta woul

sp2606 [1]

Given that <span>Roberta, a store manager, uses her coercive power effectively to motivate employees. because of her coercive power, Roberta would be able to fire a subordinate.

</span><span>Coercive power is the ability to influence someone's decision making by taking something away as punishment or threatening punishment if the person does not follow instructions. It can be a severe way to get staff members to follow along with a company plan, but it can be necessary in some cases.</span>

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3 years ago

Television programs are nonrivalous because:_______

Scilla [17]

Answer:

(B) more than one person can consume the same unit of the good at the same time.

Explanation:

A service is rival in consumption if the same unit of the good cannot be consumed by more than one person at the same time and nonrival in consumption if more than one person can consume the same unit of the good at the same time.

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3 years ago

The Lead City factory makes car batteries. The factory opened in 2014, and by the end of the year, they had made 30,000 batterie

dmitriy555 [2]

Answer:

2017:

Total variable cost= $600,000

Total fixed cost= $1,900,000

2018:

Total variable cost= $800,000

Total fixed cost= $1,900,000

Explanation:

Giving the following information:

The factory opened in 2014, and by the end of the year, they had made 30,000 batteries for a total cost of $2,500,000. In 2015, they made 40,000 batteries for an additional cost of $200,000.

I will assume that the fixed costs remain constant in both years.

We can calculate the variable cost per unit using the incremental cost.

Variable cost per unit= incremental cost/incremental units

Variable cost per unit= 200,000/10,000= $20

Now, we can calculate the fixed costs:

2017:

Total variable cost= 30,000*20= $600,000

Total fixed cost= 2,500,000 - 600,000= $1,900,000

2018:

Total variable cost= 40,000*20= $800,000

Total fixed cost= $1,900,000

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3 years ago

What would be the best leadership strategy for a giver

Novosadov [1.4K]

Answer:

depends on the situation give me a strategy and ill give you why it would be the best

8 0

2 years ago