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3 years ago

Select the correct answer.

Business

2 answers:

Drupady [299]3 years ago

5 0

Sara approaches every situation with lessons learned from her experiences.

Answer: E

maksim [4K]3 years ago

5 0

Answer:

i believe the answer is B. Mark loves interacting with all types of people

Explanation:

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As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation f

Shalnov [3]

Answer:

A. Debit Equipment and credit Cash.

You purchase equipment and you pay in cash.

B. Debit Dividends and credit Cash.

You paid cash dividends.

C. Debit Wages Payable and credit Cash.

You paid wages that you owed to your employees. Generally wages are paid at the end of the week and not all months end on a weekend. So you must record wages payable until you actually pay the wages.

D. Debit Equipment and credit Common Stock.

You received equipment in exchange for common stock.

E. Debit Cash and credit Unearned Revenue.

You received cash in advance for some food that you will deliver in the future.

F. Debit Advertising Expense and credit Cash.

You incurred in advertising costs and you paid them in cash.

G. Debit Cash and credit Service Revenue.

You sold meals and your clients paid you in cash.

7 0

4 years ago

The Marketing Manager has requested that a field be added to each account that displays the number of contacts of associated wit

Andrej [43]

The requirement of the Marketing Manager can be achieved by:

- Creating a custom field on the account.

- Using a script to update the field when contacts are added or deleted.

Explanation:

A script helps in executing the changes that are made in the field. The scripts are used to perform custom actions before or after changes to the database/records.

Addition or deletion of data from a database can be performed efficiently with the use of the script.

The marketing manager wishes to create a field to mention the number of contacts related with the account. The requirement of the manager can be fulfilled by creating a custom field on the account.

4 0

3 years ago

Factory Overhead Cost Budget Budget that estimates the cost for each item of factory overhead needed to support budgeted product

Black_prince [1.1K]

Answer:

Factory Overhead Cost Budget

For the month ending August 31, 2016

Variable factory overhead costs:

Manufacturing supplies $14,000

Power and light $48,000

Production supervisor wages $135,000

Production control wages $32,000

Materials management wages $39,000

Total variable factory overhead costs $268,000

Fixed Factory Overhead Costs

Factory insurance $30,000

Factory depreciation $22,000

Total Fixed Factory Overhead Costs $52,000

Total factory overhead costs $320,000

Thus, the total factory overhead cost for the month of August, 2016 is $320,000.

4 0

4 years ago

Brutus Inc is considering the purchase of a new machine for $500,000. It is expected that the equipment will generate annual cas

anygoal [31]

Answer:

8 years

Explanation:

Given: Cost of new machine= $500000.

Annual cash inflow= $100000.

Annual cash outflow= $37500.

First, we will calculate annual payback or cash inflow.

Annual payback= $(cash\ inflow - cash\ outflow)$

∴Annual payback= $(\$ 100000 - \$ 37500)= \$ 62500$

Now computing cash payback period.

Cash payback period= $\frac{initial\ investment}{annual\ payback}$

Cash payback period= $\frac{500000}{62500} = 8\ yrs$

∴ Cash payback period is 8 years.

When payback period is short then investment is more attractive.

6 0

3 years ago

Dave Matthew Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump su

Sedaia [141]

Answer:

$78,199

Explanation:

If the market price of common stock is $165 per stock, then selling 500 common stocks should = $82,500

If the market price of preferred stock is $230 per preferred stock, then selling 100 preferred stocks should = $23,000

If we add both we would get $105,500. If we want to allocate the proceeds proportionally according to their market prices:

common stocks = ($82,500 / $105,500) x $100,000 = $78,199

preferred stocks = ($23,000 / $105,500) x $100,000 = $21,801

the journal entries should be:

Dr Cash account 78,199
Cr Common Stock account 5,000
Cr Capital Paid-in Excess of Par Value (Common Stock) account 73,199

Dr Cash account 21,801
Cr Common Stock account 10,000
Cr Capital Paid-in Excess of Par Value (Preferred Stock) account 11,801

3 0

4 years ago