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Masja [62]
3 years ago
14

O’Connor Company ordered a machine on January 1 at a purchase price of $100,000.

Business
1 answer:
Arte-miy333 [17]3 years ago
7 0

Answer and Explanation:

The effect of each transaction is shown below:-

                                    Accounting equation

               Assets =                       Liabilities (+)                      Equity

1 Jan        No effect                        No effect                       No effect

2 Jan      Cash       -$25,000     Notes payable  $75,000

              Machine  +$100,000

3 Jan      Cash        -$1,000

              Machine   +$1,000

5 Jan      Cash        -$6,000

              Machine   +$6,000

Here, + sign indicates the increase in amount and - sign indicated the decrease in amount.

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Which of the following should be accounted for in an enterprise fund?Light poles to be paid for in installments by affected prop
Gennadij [26K]

Answer:

correct option is C. $1,250,000

Explanation:

given data

Light poles = $350,000

cost reimbursement = $65,000

electric power to residents = 1,250,000

to find out

which statement accounted for in an enterprise fund

solution

statement accounted for in an enterprise fund is here

    particular                                                amount

Equipment used for supplying                  $1250000

electric power to residents

enterprise fund                                          $1250000

so correct option is C. $1,250,000

8 0
3 years ago
In a periodic inventory system, which of the following accounts may be closed by debiting Cost of Goods Sold? a) Sales, Inventor
Svetradugi [14.3K]

Answer:

c) Inventory (beginning) and Purchases.

Explanation:

When you use perpetual inventory system, you must record cost of goods sold every time you make a sale. But when you use a periodic inventory system, you close cost of goods sold with merchandise inventory account at the end of the period.

beginning inventory + purchases - ending inventory = cost of goods sold

6 0
3 years ago
State Road Fabricators Inc. is considering eliminating Model A02777 because of losses over the past quarter. The past three mont
ICE Princess25 [194]

Answer:

Option (C) is correct.

Explanation:

Manufacturing costs:

= Direct Materials + Direct Labor + Variable overhead

= $160,000 + $80,000 + (150,000 × 75%)

= $160,000 + $80,000 + $112,500

= $352,500

Operating income:

= Sales​ (1,100 units) - Manufacturing costs

= $370,000 - $352,500

= $17,500

Therefore, if Model A02777 is dropped from the product​ line, operating income will​ decrease by​ $17,500.

6 0
4 years ago
If a firm decided to reevaluate and reorganize the way it did business, in hopes of creating competitive advantage, by changing
Vsevolod [243]

Answer:

C. Business process improvement.

Explanation:

Product reevaluation and Life cycle costing are product dependent and aims to improve products on the individual level and the business on the whole.

Business Intelligence is when businesses use different types of data to compile an analysis for informed decision making.

A value chain refers to all the activities that a business undertakes from procurement of raw materials to adding value. This can be a part of improvement process but it is not directly related.

Business process improvement is when management identifies all the business processes and analyses if there is a need for improvement and identifying areas that need change - then improving upon these findings.

This is the right answer.

Hope that helps.

6 0
3 years ago
An organization accused of illegal discrimination may be able to successfully defend its employment practices by showing that th
alexgriva [62]

Answer:

a bona fide occupational qualification

Explanation:

Bona Fide Occupational Qualification is a term used to describe a type of discrimination that is not illegal, even if it seems. It is a positive discrimination used by companies to hire new employees, when necessary, based on factors that are considered discriminatory such as gender, religion, nationality, among others.

An example of this can be seen when the film recording industry needs to hire an Asian actor to play a character of Asian origin. This industry uses nationality as a discriminatory factor to hire someone, but in this scenario, this does not discriminate.

8 0
3 years ago
Read 2 more answers
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