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V125BC [204]
3 years ago
10

Kinsi Corporation manufactures five different products. All five of these products must pass through a stamping machine in its f

abrication department. This machine is Kinsi's constrained resource. Kinsi would make the most profit if it produces the product that:
Business
1 answer:
marissa [1.9K]3 years ago
8 0

Answer:

Also please mark brainslet and sorry if wrong. Have a blessed day!:)

Explanation:

All five of these products must pass through a stamping machine ... ... All Five Of These Products Must Pass Through A Stamping Machine In Its Fabrication Department. This Machine Is Kinsi's Constrained Resource. Kinsi Would Make The Most Profit If It Produces The Product That: A)

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Jasper makes a $25,000, 90-day, 7% cash loan to clayborn co. jasper's entry to record the collection of the note and interest at
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Answer:

The journal entry is as follows:

Cash A/c Dr. $ 25,437.50

      To Notes Receivable A/c   $25,000

      To Interest revenue A/c     $437.50

(To record the collection of the note and interest at maturity)

Working notes:

Interest for 90 Days:

= Note value × Interest rate × Time period

= $25,000 × 0.07 × (90/360) days

= $437.50

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Sunland Company is a merchandising firm. Last year the company reported sales of $676000 and cost of goods sold of $404600. The
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Answer:

$54,020

Explanation:

Total fixed costs = Fixed selling and administrative expenses

Total fixed costs = $54,020

Thus, the total fixed costs for the firm is $54,020

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A person's debt ratio shows the relationship between debt and net worth. the lower the ratio the
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3 years ago
Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1
yaroslaw [1]

Answer:

Mijka Company

a. Journal Entries

Debit Cash $30,400

Credit Service Revenue $30,400

To record the proceeds for services provided.

Debit Expenses $13,800

Credit Cash $13,800

To record the payment of cash for services.

Debit Dividend $2,100

Credit Cash $2,100

To record the payment of cash dividend.

b. Income Statement for the year ended December 31, 2018:

Service Revenue     $30,400

Expenses                   13,800

Net Income             $16,600

Dividends                   (2,100)

Retained earnings $14,500

Statement of Changes in Stockholders' Equity as of December 31, 2018:

Retained Earnings    $14,500

Balance Sheet as of December 31, 2018:

Assets:

Cash                       $14,500

Equity:

Retained Earnings $14,500

Explanation:

a) Data and Calculations:

Cash revenue $30,400

Cash expense  (13,800)

Cash dividend    (2,100)

Cash balance  $14,500

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