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2 years ago

Property taxes on a manufacturing facility are classified as:

1 answer:

4 0

Property taxes on manufacturing facility are classified as manufacturing costs. Manufacturing cost is being defined as the overall cost from the consumed resources in which are used when making a product that is to be laid out and to be serve to the consumers.

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The editing technique of joining together two shots is called

Artist 52 [7]

The answer is a montage. It is a system in film altering in which a progression of short shots are altered into a grouping to gather space, time, and data. It was acquainted with film fundamentally by Sergei Eisenstein, and early Soviet executives utilized it as an equivalent word for innovative altering.

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3 years ago

Assume Baldwin is producing 2,498 units of Bill next year. What would Bill's plant utilization be?

Digiron [165]

Answer: Option A

<u>Explanation:</u>

The production utilization is the use of the productive capacity of the firm. It shows the extent to which the production capacity of the firm can be used to produce the goods in the firm.

It shows the relationship between the output that has been produced with the equipment that has been installed in the enterprise. If the capacity of the firm is totally utilised, it is very efficient and can be used to produce the maximum amount of goods of that enterprise.

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2 years ago

The expense recognition (matching) principle requires that expenses (expenses/assets/liabilities) be recorded in the same accoun

Tju [1.3M]

Answer:

Expenses ; revenues ; adjusting

Explanation:

According to the expense recognition or matching principle, the expenses that are incurred in a particular period should be matched with the revenues that are earned in that particular period.

This principle major part is of the adjustments so that the adjustment entries are passed so that the financial statements represents the true and fair view to the users of the accounting information

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2 years ago

Peerless Corporation (a U.S. company) made a sale to a foreign customer on September 15, for 119,000 crowns. It received payment

Natalka [10]

Answer:

Exchange rate on September 15: 1 Crown = $0.61; 119,000 Crown = (119,000*$0.61) = $72,590.

September 30 = (119,000*0.65) = $77,350.

October 15 = (119,000*$0.60) = $71,400.

JOURNAL ENTRY

Date Account Debit Credit

15-Sep Account receivable $72,590

Sales $72,590

(Sale to a foreign customer for 119,000 crown Exchange rate = $0.61)

30-Sep Account receivable $4,760

Foreign currency exchange gain $4,760

($77,350-$72,590)

15-Oct Foreign currency exchange loss $5,950

Account receivable $5,950

($71,400-$77,350)

Cash $77,350

Accounts Receivable $77,350

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3 years ago

Prepare journal entries for each transaction listed. (If no entry is required for a transaction/event, select "No Journal Entry

AysviL [449]

Answer:

The journal entries are shown below:

Explanation:

According to the scenario, the journal entries for the given data are as follows:

(1). Jun.30 Bad Debt expense A/c Dr $12,800

To Allowance for Doubtful A/c $12,800

(Being the bad debt expense is recorded)

(2). July Allowance for Doubtful A/c Dr $6,400

To Accounts Receivable A/c $6,400

(Being the customer balance written off is recorded)

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3 years ago