Training to learn a new hobby
Answer:
First, stop, and secondly try being more careful.
Explanation:
Answer:
$36,000 and $30,000
Explanation:
Corrugated company deals in the production of cardboard boxes
The expected production for each month is 40,000 units
The direct material cost is $0.30 per unit
The manufacturing fixed overhead costs are $24,000 for each month
Therefore, the flexible budget for the production of 40,000 units and 20,000 units can be calculated as follows
Flexible budget for 40,000 units
= 0.30×40,000+24,000
= 12,000+24,000
= $36,000
Flexible budget for 20,000 units
= 0.30×20,000+24,000
= 6,000+24,000
= $30,000
Hence the flexible budget for 40,000 units and 20,000 units are $36,000 and $30,000 respectively
Answer:
Debit Cash $20,000
Credit M. Alice capital $20,000
Explanation:
We recognize the admission of new partner by debiting the cash that the partnership received in the amount of $20,000 and then record the interest of the new partner by crediting her capital, M. Alice, capital $20,000. Basically, the old partners will agree as to what amount of interest that the new partner will be credited to the partnership. But in this scenario, the problem is silent as to the agreement of interest that M. Alice will be credited, in effect, the books will recognize M. Alice' interest equal to the cash she invested to the partnership.
Options: A. Preferred B. Cumulative preferred C. Registered D. Common.
Answer:D. Common
Explanation: Common stocks are stocks which are sold either through the Stock markets or through public offerings which gives the owner a partial right to the ownership of the firm.
Common stocks owners have certain rights in Organisations which include the RIGHT TO VOTE, THE RIGHT TO ENJOY DIVIDEND etc.
Common stock is the type of stock which the majority of the investors in a corporation own.
