Answer:
A)
+15,200 cash (+A) +15,200 common stock (+E)
B)
-550 cash (-A) +550 supplies (+A)
C)
+1,000 equipment (+A) +1,000 common stock (+E)
D)
+210 supplies (+A) + 210 account payable (+L)
E)
+9,100 Land (+A) - 9,100 cash (-A)
Explanation:
Asset represent things and right the company has.
they will icnrease when purchased and decrease when used.
The liabilities represent the debt which is the purchase in account like (D)
Equity will be the investment make by the owners among the resutl generated for the business.
Answer:
correct option is C : $3,971
Explanation:
given data
salvage value = $10,000
time = 12 year
rate = 8 %
to find out
what is the present value of the equipment's salvage value
solution
we get here present value of the equipment salvage value that is express as
present value of the equipment = $10000 × Present value of discounting factor
put here value we get
=
=
= 3971
so correct option is C : $3,971
Answer:
Identification of Features Applying More to Job Order Operations, Process Operations, or Both:
Features
1. Cost object is a process. Process Operations
2. Measures unit costs only at period-end. Process Operations
3. Uses indirect costs. Both
4. Transfers costs between Work in
Process Inventory accounts. Process Operations
5. Uses only one Work in Process account. Job Operations
6. Uses materials, labor, and overhead costs. Both
Explanation:
The main difference between the two operations is the manner costs are accumulated. Job operations accumulate costs for different jobs that are not similar. Process operations accumulate costs to show the process a product passes through. The product of a process operation is not unique like the product of a job operation.
Answer:
B. Cash 150,000 Notes Payable 150,000
Explanation:
Sr Account Dr Cr
Jan 1 Cash $ 120,000
Notes Payable $ 120,000
This entry would be made in the books of Guarantee Company. As the interest has not yet accrued so no entry regarding the interest expense or interest payable would be made.
Choice A is not correct because it accounts for interest expense which has not yet accrued from the cash received.
Choice C is also incorrect because the actual amount of cash received is $ 150,000.
Choice D is also incorrect because Cash is debited with an increase and liabilities increase with a credit and this is reverse.
Best Choice is B
Answer:
7.5 hours
Explanation:
Let m = macro's work rate
Cliffs work rate = m/2 since macro does the work two times faster than cliff.
(M/2) + M = 5 hours
Solving for m , m = 7.5 hours.
Thus, it would take macros 7.5 hours working alone