Charitable contribution

Cushenberry Corporation had the following transactions.1. Sold land (cost $11,360) for $14,200.2. Issued common stock at par for

miss Akunina [59]

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $14,200

To Gain on land A/c $2,840

To Land $11,360

(Being the land is sold)

2. Cash A/c Dr $18,900

To Common stock A/c $18,900

(Being the common stock is issued for cash)

3. Depreciation Expense A/c Dr $15,730

To Accumulated Depreciation - Buildings A/c $15,730

(Being depreciation expense is recorded)

4. Salaries expense A/c Dr $8,080

To Cash A/c $8,080

(Being the salaries expense is paid for cash)

5. Equipment A/c Dr $8,420

To Common stock A/c $1,170

To Additional paid-in capital in excess of par value A/c $7,250

(Being the equipment is purchased)

6. Cash A/c Dr $1,236

Accumulated depreciation - Equipment A/c Dr $7,210

Loss on sale of equipment A/c Dr $1,854

To Equipment A/c $10,300

(Being the equipment is sold)

7 0

3 years ago

Cane Company manufactures two products called Alpha and Beta that sell for $195 and $150, respectively. Each product uses only o

Savatey [412]

Answer and explanation:

a.

the table below shows the impact of dropping beta product

Loss of Contribution Margin if Beta is Dropped (75,000*64) -$4,800,000

Traceable Fixed Manufacturing Overhead (123,000*33) $4,059,000

Incremental Contribution Margin from Additional Alpha Sales (15,000*72)

$1,080,000

Increase in Net Operating Income if Beta is Dropped $339,000

Notes:

Contribution Margin Per Unit (Beta) = 150 (Selling Price) - 15 (Direct Material) - 28 (Direct Labor) - 20 (Variable Manufacturing Overhead) - 23 (Variable Selling Expenses) = $64 per unit

Contribution Margin Per Unit (Alpha) = 195 (Selling Price) - 40 (Direct Material) - 34 (Direct Labor) - 22 (Variable Manufacturing Overhead) - 27 (Variable Selling Expenses) = $72 per unit

check the attached files for additional details

where 9=b, 10=c, etc

6 0

3 years ago

You want to make sure your account reflects the spending you’ve actually done, so you pull receipts out of your clothes pockets

erica [24]

Based on the information given, the items that can be reflected in the account activity but that the person cannot account for include bank charges and transactions involving the use of ATMs.

From the complete information, it should be noted that there are bank charges that are charged by the banks. In this case, the account may not reflect the spending that has actually been done.

Also, there are taxes that are charged on the goods that the person bought. Therefore, this will be reflected on the account activity and will give rise to a higher value than the amount that the person actually spends.

Read related link on:

brainly.com/question/25675366

3 0

3 years ago

Edwards Company manufactures low-cost wooden chairs and uses activity-based costing. The following information is for the month

Airida [17]

Answer:

$37.80

Explanation:

Particulars Amount Calculations

Direct materials $7.00

Handling $2.80 ($3,500/5,000*4 parts)

Assembling $9.60 ($12,000/5,000*4 parts)

Packaging <u>$18.40 </u> ($5,750/1,250*4 parts)

Total manufacturing cost per chair <u>$37.80</u>

3 0

3 years ago

assume peru had an adult population of about 25 million, a labor-force participation rate of 60 percent and an unemployment rate

nikdorinn [45]

Answer: 15 million people were employed.

Explanation:

Hi, to answer this question we have to multiply the adult population (25,000,000) by the labor-force participation percentage in decimal form (divided by 100).

Mathematically speaking:

25,000,000 x (60/100) = 25,000,000 x 0.6 = 15,000,000 people

15 million people were employed.

Feel free to ask for more if needed or if you did not understand something.

6 0

3 years ago