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9966 [12]
3 years ago
5

The salaries of employees who spend all their time working in one department are:

Business
1 answer:
Paraphin [41]3 years ago
3 0
Their salaries are DIRECT EXPENSES. Direct expenses refers to expenses incurred which vary directly with changes in the quantity of cost objects. Cost objects are items for which expenses are measured such as costs of materials used to manufacture a product.
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Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement
DedPeter [7]

Answer:

<em>Detailed Question lifted from google: </em>

<em>Use the information presented below for Chambersburg Corp for 2017 and </em>

<em>2016 to answer the questions that follow. Chambersburg uses the straight-line depreciation method. 2017 2016 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for</em>

<em>Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement is most likely true concerning transactions that must have occurred during the period? </em>

<em>a. Chambersburg also purchased additional equipment during the year. </em>

<em> b. The selling price of the equipment sold was reported with net sales. </em>

<em> c. The equipment that was sold had a book value of $12,500. </em>

<em> d. The equipment sold had not been reported with Chambersburg's property, plant and equipment.</em>

<em />

The only applicable answer based on the question is A, <em>Chambersburg also purchased additional equipment during the year. </em>

Explanation:

A. Between 2016 and 2017 <em>Property, plant, and equipment increased by $60,000 (which is $250,000 minus $190,000)</em>

<em />

B. Between 2016 and 2017 Depreciation expense on <em>Property, plant, and equipment increased by $15,000 (which is $62,500 minus $47,500)</em>

<em />

<em>Meaning attributable depreciation to the new addition to PPE of $60,000 is actually $15,000.</em>

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3 0
3 years ago
In a town's general fund operating budget for the year, the amount of its estimated revenues exceeded the amount of its appropri
kaheart [24]

This excess should be credited to Budgetary Fund Balance Unassigned.

<h3>What is Fund Balance?</h3>

Any specific fund's fund balance is basically what is left over after the fund's assets are used to pay its liabilities. Both the reserved and unreserved portions of the fund balance must be disclosed.

<h3>What is Unassigned Fund Balance?</h3>

The term "unassigned fund balance" refers to the balance that remains after non-spendable, restricted, committed, and assigned funds have been deducted from the total amount. It contains all spendable monies that are not included in the other classes. That's not a very simple explanation.

Therefore, perhaps the simplest approach to considering the unassigned fund balance is the amount of money available to stop a cash flow problem.

Therefore, in a town's general fund operating budget for the year, the number of its estimated revenues exceeded the number of its appropriations. This excess should be credited to Budgetary Fund Balance Unassigned.

For more information on Budgetary Funds, refer to the link:

brainly.com/question/16033301

#SPJ4

5 0
2 years ago
These too. Again I will post more
Varvara68 [4.7K]

The answer is D




hope it helps :P


7 0
3 years ago
g In translating the financial statements of a foreign subsidiary into the parent’s reporting currency under the current rate me
Usimov [2.4K]

Answer:

The translation adjustment is a function of the foreign subsidiary's net assets.

3 0
3 years ago
Gary's Pets hired a managerial accountant to help forecast the company's expenses and income for its first year in business. Thi
zimovet [89]

Answer:  The Annual report is the financial plan of Garys's Pets of moving strategy from Point A to Point B over for the year.

Explanation:

Every company furnishes and publishes its Annual Report for the public review per year. It can be considered as the Report which is formulated with the help of four subreports produced in each quarterly period. Point A is the stage of implementation of project of many plans. Then when the company achieves its target and then it can release a strong financial statement of the Annual Report.

The Annual Report not only administers the actual scenario of business development, but it also exhibits the good reputation of the company to attract more customers by adopting powerful business strategies.

7 0
3 years ago
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