Journal entry for wages paid to shyam

Byron is a wealthy tycoon who makes his money buying and selling stocks. This is an example of _____ income.

Orlov [11]

A. we know it is not c or d cuz they would not fit but a and b are our options the answer would be B IF he was a worker but in this case he makes his money from a profit and pays the workers (they earned it) so it is A

8 0

3 years ago

Read 2 more answers

Mckerchie Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air cond

sweet [91]

Answer:

The minimum price which the company should not go below is $26.00

Explanation:

The minimum price which the company should not go below is the price which covers all cost of manufacturing and non-manufacturing to meeting the special, one-time-only order.

Thus we need to calculate the per unit cost of the special order.

<u>Unit cost of the special order</u>

Direct materials $ 13.00

Direct labor $ 7.00

Variable manufacturing overhead $ 6.00

Total Cost $26.00

Note

All fixed cost are<em> irrelevant</em> in this calculation as the cost would be incurred whether or not the special order is accepted.

Also the question specifically mentioned that "There would be no variable selling expense on this special order" We need not to include any variable selling expense

8 0

3 years ago

The City of West Hutchison is constructing a new road, which it estimates will cost $7.2 million. The city will finance the road

Mice21 [21]

Answer:

1.

Budgetary fund balance reserved for encumbrances (DR) $7,200,000

Encumbrances-Capital Project (CR) $7,200,000

2.

Cash (DR) $1,200,000

Government Grant (CR) $1,200,000

3.

Cash (DR) $6,000,000

Bonds Payable (CR) $6,000,000

Explanation:

1. The Budgetary entry for encumbrance is given as follows :

Budgetary fund balance reserved for encumbrances (DR) $7,200,000

Encumbrances-Capital Project (CR) $7,200,000

2. The government grant received will be recorded as :

Cash (DR) $1,200,000

Government Grant (CR) $1,200,000

3. The Issuance of Bonds needs to be recorded in the journal ledger as :

Cash (DR) $6,000,000

Bonds Payable (CR) $6,000,000

6 0

4 years ago

…………………….is often used for newly launched

BlackZzzverrR [31]

Answer:

b

Explanation:

b

6 0

3 years ago

Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $

Margarita [4]

Answer:

correct option is B. 1.40

Explanation:

given data

total assets = $689,400

long-term debt = $198,375

total equity = $364.182

net fixed assets = $512,100

sales = $1,021,500

profit margin = 6.2 percent

solution

we get here first current assets that is express as

current assets = Total assets - net fixed assets ...................1

put here value

current assets = $689,400 - $512,100

current assets = $177300

and now we get Current liabilities that is express as

Total liabilities = Total assets - Total equity .............2

Current liabilities + Long term debt = Total assets - Total equity

Current liabilities = Total assets - Total equity - Long term debt ...........3

put here value

Current liabilities = $689400 - $364182 - $198,375

Current liabilities = $126843

so here Current ratio will be

Current ratio = current assets ÷ Current liabilities .............4

Current ratio = $\frac{177300}{126843}$

Current ratio = 1.40

so correct option is B. 1.40

6 0

3 years ago

Journal entry for wages paid to shyam​

Journal entry for wages paid to shyam