The supply schedule shows the relationship between

Arbot Co. manufactures appliances at three manufacturing facilities in the United States. Each location has a plant manager who

yanalaym [24]

The correct answer to this open question is the following.

Arbot Co. manufactures appliances at three manufacturing facilities in the United States. Each location has a plant manager who oversees the manufacturing process for that location. Segmented income statements are prepared for each plant and each product manufactured in the plant. The salary of each plant manager is a traceable fixed cost to the plant and a common fixed cost for the individual product lines made in the plant.

The traceable fixed cost for a corporation means that this cost has a relationship between cost and effect related to a particular area or region of the country, or related to a process just operated in a specific location. This traceable fixed cost is part of the equation because there is a peculiar business that includes it. Or there is a necessity to be covered.

7 0

3 years ago

On November 1 of the current year, Rob Elliot invested $30,000 of his cash to form a corporation, GGE Enterprises Inc., in excha

andrew-mc [135]

Answer:

1. What is the amount reported for total liabilities and stockholders' equity on December 31?

$56,150 (same as total assets)

2. What is the retained earnings amount reported on December 31?

= total equity - common stock = $37,785 - $30,000 = $7,785

3. How much does GGE Enterprises Inc. owe to its creditors?

accounts payable = $56,150 - $37,785 = $18,365

4. How much cash is being held by GGE Enterprises Inc.?

cash = $56,150 - $8,350 - $15,500 = $32,300

5. By what amount did retained earnings increase or decrease during the period?

$7,785 - $5,000.00 from Nov. = $2,785

6. What is the amount of profit or loss during December?

profit = increase in retained earnings + dividends = $2,785 + $5,750 = $8,535

7. What were the total expenses for December?

total expenses = fees earned - December's profit = $27,250 - $8,535 = $18,715

8. How much was paid for utilities?

$18,715 - $6,450 - $4,625 - $1,220 - $400 = $205

Explanation:

the numbers are all mixed, so I looked for a similar question:

Cash ? = $56,150 - $8,350 - $15,500 = $32,300

Accounts Receivable $8,350.00

Land $15,500.00

Accounts Payable ? = $56,150 - $37,785 = $18,365

Common Stock ? $30,000

Retained Earnings = $37,785 - $30,000 = $7,785 ($5,000.00 from Nov. + $2,785 from Dec.)

Dividends $5,750.00

Fees Earned $27,250.00

Supplies Expense $6,450.00

Utilities Expense ?

Wages Expense $4,625.00

Rent Expense $1,220.00

Miscellaneous Expense $400.00

5 0

4 years ago

Key differences exist when an integrated Enterprise Resource Planning system (ERP) replaces an existing AIS or legacy system. Fo

Aleks [24]

Answer:

a. Inventory records

Explanation:

Inventory records -

It refer to the record or information of all the transactions, in a manual or computer based record, is referred to as an inventory records.

It is also known as stock record.

These records have complete information and data of all the transactions in each of the inventory item.

A very accurate and timely record is maintained which may be helpful for any future references.

Hence, from the given question,

The correct answer is inventory records.

5 0

4 years ago

Maxim manufactures a hamster food product called Green Health. Maxim currently has 11,500 bags of Green Health on hand. The vari

gogolik [260]

Answer:

$126,600

Explanation:

Calculation to determine what the revenue from the two products would be:

Venue if processed further:

Premium Green (11,500 bags * $9 per bag) $ 103,500

Green Deluxe (3,300 bags * $7 per bag) $23,100

Total revenue if processed further $ 126,600

($103,500+$23,100)

Therefore Assuming Maxim further processes Green Health further into Premium Green and Green Deluxe, revenue from the two products would be:$126,600

4 0

3 years ago

What types of information does a W-2 form contain? Check all that apply

vovangra [49]

Answer:

Normally "check all that apply" is followed by answers to check...

Explanation:

A W-2 is a Tax statement

8 0

4 years ago