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Stella [2.4K]
3 years ago
5

Which of the following pairs of accounts could not appear in the same adjusting entry? a. Interest Income and Interest Expense b

. Rent Expense and Prepaid Rent c. Fees Earned and Unearned Fees d. Salaries Payable and Salaries Expense
Business
1 answer:
lana [24]3 years ago
3 0

Answer:

the correct answer is

A. Interest Income and Interest Expense

GOOD LUCK

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I need help please !!!!!
olasank [31]

Answer:

94 86

Explanation:

6 0
3 years ago
Condelezza Co. manufactures two products, A and B, in two production departments, Assembly and Finishing. Condelezza Co. expects
Naddika [18.5K]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Condelezza Co. expects to produce 10,000 units of Product A and 20,000 units of Product B in the coming year.

Budgeted factory overhead costs for the coming year are:

Assembly $310,000

Finishing 240,000

Total $550,000

The machine hours expected to be used in the coming year are as follows:

Assembly Dept.

Product A 15,100

Product B 4,900

Total 20,000

Finishing Dept.

Product A 9,000

Product B 11,000

Total 20,000

A) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 550,000/40,000= $13.75 per machine hour

B) Departamental rates:

Assembly= 310,000/20,000= $15.5 per machine hour.

Finishing= 240,000/20,000= $12 per machine hour.

5 0
3 years ago
Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed
Firlakuza [10]

Answer:

Option (d) is correct.

Explanation:

Total Segment Margin = Net Operating Income + common fixed expenses

                                       = $ 25,000 + $ 37,000

                                       = $ 62,000

Total Segment Margin = Segment Margin of Q + Segment Margin of P

$ 62,000 = $ 21,000 + Segment Margin of P

or Segment Margin of P = $ 62,000 - $ 21,000

                                         = $ 41,000

4 0
3 years ago
Refer to the information for Alfombra Inc. below.
Ann [662]

Answer:

<u>cost to be accounted for:</u>

beginning cost: 180,000

added cost        756,000

total cost         <em>   936,000</em>

<u>cost accounted for:</u>

ending WIP 30,000 x 5.2           =  156,000

trasnsferred-out: 150,000 x 5.2 =  780,000

total cost accounted for           <em>      936,000</em>

Explanation:

150,000 completed

 50,000 at 60%

weighted average equivalent unit:

complete + percetage of completion ending WIP

150,000 + 50,000 x 60% = 180,000

Cost per unit:

936,000 / 180,000 = 5.2 dollar per unit

we should match the total cost pool with the ending WIP and trasnferred out units

4 0
3 years ago
When a financial friction is added to the short-run model it: Group of answer choices shifts the MP curve up. shifts the IS curv
Alexeev081 [22]

Answer:

When a financial friction is added to the short-run model it: shifts the MP curve up.

Explanation:

The short-run model, IS/MP model, describes the Investment-Savings/Monetary Policy model used by the US Federal Reserve to decrease the real interest rate through the Federal Funds rate, i.

The Federal Funds rate is the interest rate that commercial banks with excess reserves lend to others in deficit.  The resulting shift occasions a decrease in the real interest rate which triggers an increase in the inflation rate, and vice versa.  With such short-run changes in the interest rate, inflation and output is influenced in desirable directions by the Federal Reserve as a foundation to achieve long-term shifts in the AD-AS model.

The AD-AS model is a long-term model that describes Aggregate Demand and Aggregate Supply which impact long-term inflation, interest rates, and output.

7 0
3 years ago
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