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Rufina [12.5K]
3 years ago
10

With regard to the OIP,Multiple Choice

Business
1 answer:
Gekata [30.6K]3 years ago
4 0

Answer:

D:  None of the options

Explanation:

All the three options are not true with regards to OIP

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Answer:

debit cash $250,000; credit notes payable $250,000

Explanation:

July 1, journal entries should be:

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Since cash is an asset account and it increases (the company receives money), it should be debited.

Since notes payable is a liability account and it increases, it should be credited.

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A way to build good credit is
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Answer:

C is the right answer!

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3 years ago
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​Treasurers, Inc., a manufacturer of gift​ articles, uses a single plantwide rate to allocate indirect costs with machine hours
Gekata [30.6K]

Answer:

predetermined overhead allocation rate is $228 per hour

Explanation:

given data

Estimated over head costs = $8,000,000

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to find out

predetermined overhead allocation rate

solution

we know that predetermined overhead allocation rate is express as

predetermined overhead allocation rate = \frac{estimate overhead cost}{estimate machine hour}

put here value

predetermined overhead allocation rate = \frac{8000000}{35000}

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3 years ago
The four key types of ratios that investors monitor are liquidity ratios, leverage ratios, profitability ratios and _______ rati
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