Answer:
Dr Account Receivable $482
Cr Supplies $482
Dr Supplies $115
Cr Account Receivable $155
Explanation:
Preparation of the journal entries to Record the entry to reverse the error first.
Dr Account Receivable $482
Cr Supplies $482
Dr Supplies $115
Cr Account Receivable $155
(To Record the entry to reverse the error first)
Answer:
c. the agency is irrevocable without the consent of the agent.
Explanation:
An agency is a fiduciary relationship in which an individual is appointed as the agent to act for a specific purpose or reason on behalf of another, who is the principal. Basically, in agency the agent is typically acting under the influence or control of his or her principal and as such can be a notable representative of the principal in any capacity deemed fit legally.
Also, the principal could be a corporation, an organization or a limited liability company (LLC) and not necessarily a single individual.
An agency coupled with an interest means the agency is irrevocable without the consent of the agent because the relationship that exists between them is a contractual one.
Hence, the agency is irrevocable before its expiration or without the consent of the agent.
Additionally, death, bankruptcy, and mismanagement by the principal cannot end or terminate an agency coupled with an interest until the agent is able to realize his or her legal interest.
False. Companies actually pay 5 million for a 30 second ad on the Super Bowl.
<span>La cultura de los Estados Unidos Coalesced es principalmente occidental, pero está influenciada por las culturas africanas, nativas americanas, asiáticas, polinesias y latinoamericanas. También tiene sus propias características de convivencia y culturales, como el dialecto, la música, las artes, los hábitos de convivencia, la cocina y el folclore. Los Estados Unidos de América son países étnicamente y racialmente diversos como resultado de una migración astronómicamente inmensa desde muchos países a lo largo de su historia. Muchos elementos culturales estadounidenses, especialmente de la cultura popular, se han extendido por todo el mundo a través de los medios de comunicación modernos.</span>
Answer:
Direct material price variance= $5,580 unfavorable
Explanation:
Giving the following information:
The standard price of $6.50 per gram.
During the month the company purchased 27,900 grams of the direct material at $6.70 per gram.
<u>To calculate the direct material price variance, we need to use the following formula:</u>
<u></u>
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (6.5 - 6.7)*27,900
Direct material price variance= $5,580 unfavorable