In order to protect data, businesses need to

Practice Do It! Review 01 During the current month, Sheridan Company incurs the following manufacturing costs. (a) Purchased raw

MArishka [77]

Answer:

Item a

Debit :

Credit :

Item b

Debit :

Credit :

Item c

Debit :

Credit :

Item d

Debit :

Credit :

Item e

Debit :

Credit :

Item f

Debit :

Credit :

Explanation:

If there is no immediate payment of cash, raise a liability - accounts payable

5 0

3 years ago

If the united states placed an embargo on swedish products, what would happen in the u.s. market for swedish furniture

olga nikolaevna [1]

An embargo (from the Spanish embargo, meaning hindrance, obstruction, etc. in a general sense, a trading ban in trade terminology and literally "distraint" in juridic parlance) is the partial or complete prohibition of commerce and trade with a particular country or a group of countries. Embargoes are considered strong diplomatic measures imposed in an effort, by the imposing country, to elicit a given national-interest result from the country on which it is imposed. Embargoes are similar to economic sanctions and are generally considered legal barriers to trade, not to be confused with blockades, which are often considered to be acts of war.

in the u.s. market for swedish furniture, The supply curve would shift to the left.

8 0

3 years ago

Nick’s Burritos purchases its inventory, on account, daily. At December 31, 2016, the company had taken receipt of $160,000 of i

Mkey [24]

Answer:

The $160,000 will be reported on the December 31, 2016, balance sheet as accounts payable

Explanation:

Account payable: The account payable is the amount in which the purchase of an item on a credit basis is recorded and the payment is to be made at the later date. It has come under the current liabilities on the balance sheet side.

In the given question, the purchase of inventory is made for $160,000 on a credit basis. Along with it, the receipt is also taken from the supplier. So, the same amount i.e $160,000 will be recorded in accounts payable

4 0

3 years ago

The following data relate to labor cost for production of 22,000 cellular telephones:

Anuta_ua [19.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Production= 22,000 units

Actual: 4,220 hrs. at $44.50

Standard: 4,160 hrs. at $46.00

To calculate the direct labor time and rate variance, we need to use the following formula:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (4,160 - 4,220)*46

Direct labor time (efficiency) variance= $2,760 unfavorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (46 - 44.5)*4,220

Direct labor rate variance= $6,330 favorable

Total variance= 6,330 - 2,760

Total variance= $3,570 favorable

5 0

3 years ago

On December 29, 2019, Patel Products, Inc., sells a delivery van that cost $20,000. The equipment had accumulated depreciation o

pashok25 [27]

Answer:

journal entry are given below

carrying value = $4000 and cash received is $2000

Explanation:

given data

delivery van cost = $20,000

accumulated depreciation = $16,000

Annual depreciation = $2,000

solution

journal entry are

date title debit credit

December 29, 2019 Cash $2000

Accumulated depreciation $16000

Delivery van $20000

note that

here carrying value is = $20000 - $16000

carrying value = $4000

and cash received is $2000

7 0

3 years ago