Ordinarily, the automobile insurance includes<u> 4 basic features. </u>
The first one is the body bodily injury coverage - which covers the fee of medical expense, lost wags or pain, etc. which you may have to suffer from when you are injured in accident.
The second one is the property damage coverage. As in some situation, you may cause accident leading to damage of other vehicle or property. This feature of insurance would help you to pay for these expense to compensate.
The third feature is comprehensive coverage. This is optional in your insurance and it would cover the expense on repair in case of fire or natural disaster, theft, etc.
The last one is collision coverage, which support the fee of repair of vehicle due to the crash with other vehicle.
Explanation
I think your question missed of key information for question 2, so I just answer question at my best for helping you.
Debit Credit
11-Oct
Treasury 292400
Cash 292400
<em>Being own shares repurchased
</em>
1-Nov
Cash (1,450 × 49) 71,050
Treasury Stock (1,450 × 43) 62,350
Paid-in Capital from Sale of Treasury Stock 9,700
<em>To record the sale of treasury stock. </em>
November 25
Cash (5350 × 38) 203,300
Paid-in Capital from Sale of Treasury Stock 9,700
Retained Earnings 17,050
Treasury Stock (5350 × 43) 230,050
<em>To record the sale of the remaining treasury shares </em>
Answer:
Predetermined manufacturing overhead rate= $35.65 per machine hour
Explanation:
Giving the following information:
Estimated the machine-hours= 45,900
The estimated variable manufacturing overhead was $7.53 per machine-hour.
The estimated total fixed manufacturing overhead was $1,290,708.
<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (1,290,708/45,900) + 7.53
Predetermined manufacturing overhead rate= $35.65 per machine hour
Answer:
The correct adjusting journal entry for 12/31/09:
D. debit Spice Expense and credit Spice Inventory 240
Explanation:
Roland Richard purchased 200 ounces off of an expensive spice for $400.
Cost per ounce = $400/200 = $2
By December, 12/31/09, there were 80 ounces on hand. Roland Richard used 120 ounces of expensive spice with the amount of expense: $2 x 120 = $240
The adjusting journal entry for 12/31/09:
Debit Spice Expense $240
Credit Spice Inventory $240
Answer:
The correct answer is A. Running total.
Explanation:
The accumulated total can be expressed as a numerical value or a percentage. In Reporter reports, you can calculate a cumulative total for more than one category.
For example, you can create a report that shows the income for each of the last four quarters. The accumulated total will show the total income at the end of each quarter. If you add a cumulative total as a percentage of the total sold, you can see the percentage of year-round sales achieved at the end of the quarter.