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DaniilM [7]
3 years ago
7

Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months:

Business
1 answer:
Snezhnost [94]3 years ago
7 0

Answer:

e. $12,520.

Explanation:

January Material purchases $12,040

Payments  50% of $12,040 =6020

December Accounts Payable balance is $6,500

Cash payments for materials in January

$6020+6500=$12,520

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On November 1, Alan Company signed a 120-day, 10% note payable, with a face value of $57,000. Alan made the appropriate year-end
just olya [345]

Answer:

Amount paid to record is $58,900

Explanation:

In this question, we are asked to state the Journal entry as of March 1.

Please check attachment for tabular explanation

Kindly note that 360 is used as the number of days in a year

4 0
3 years ago
In the vertical analysis of a balance sheet, _____________ is assigned 100 percent, with all other items expressed as a percenta
Lapatulllka [165]

In the vertical analysis of a balance sheet, net sales are assigned 100 percent, with all other items expressed as a percentage thereof.

When analyzing the balance sheet vertically, assets are divided by the base amount, total assets. Debt and equity are divided by the sum of debt and equity, which is the base amount.

Vertical analysis is a means of measuring the relationship between any two different financial statement amounts, while horizontal analysis examines the relationship between specific financial statement measures.

The next red flag relates to the balance sheet. Open receivables from customers that are difficult or impossible to identify and correct. Mass sales to companies of unknown identity or ownership.

Learn more about the balance sheet at

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4 0
2 years ago
Complete the explanation of how polygenic inheritance could be the basis of a trait showing continuous phenotypic variation.
DerKrebs [107]

Answer:

Additive; continuous; homozygous; homozygous.

Explanation:

The variation in weight in a population may be explained by the segregation of 10 genes that control weight in a simple <u>additive</u> genetic fashion, the distribution will be<u> continuous</u> from the lowest value <u>homozygous</u> for one allele at all 10 genes to the highest value <u>homozygous</u> for the other allele at all 10 genes.

Continuous phenotypic variation can be caused by many genes affecting a trait and/or environmental variation.

4 0
3 years ago
Finance
ad-work [718]

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged≡⇵∠⊅↓⇆°∞∴∴∵∵∵∴∴∵∵∴∴∵∴

∴∴≈↓∴↔∪∪∩⇄

Explanation:

3 0
3 years ago
Kassia Co.accepted a zero interest bearing note from a customer for total consideration of $300,000 to be paid in 3 years on Jan
natima [27]

Answer:

Check the explanation

Explanation:

The journal entry:

Date                             Particulars               Amount DR      Amount CR

31 Jan 2020                 Notes Acc Dr.        $300000  

                                To Customer                                       $30000

( Being Zero interest Notes

Accepting from customer.)  

31. Dec 2020        Customer A/cc Dr.         $19250

                                 To Interest acc                                    $19250

( Being Interest on notes 300000 at 7% 11 month.)  

                  Interest A/cc DR.                         $19250  

                                To Profit & Loss                                       $19250

( Being Transfer to Profit & loss Account)  

7 0
3 years ago
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