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marin [14]
3 years ago
14

On December 31, the company purchases equipment for $10,000 and pays for the purchase in cash. Complete the necessary journal en

try by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
Business
1 answer:
Vladimir [108]3 years ago
7 0

Answer:

Date            General           Debit      Credit

                                                 $             $

Dec 31        Equipment        10000  

                   Cash                                 10000

Following are detail of the posting of equipment purchased

1) The $10,000 will be posted to the debit side of the Equipment Account.

2) The $10,000 will be posted to the credit side of the Cash Account

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If management and union officials cannot resolve a grievance, a(n) _________ is asked to listen to the arguments of each side an
worty [1.4K]

Answer: Arbitrator

           

Explanation: In simple words, arbitrator refers to an individual who is officially appointed by the court to settle dispute between two parties. Both the parties have to agree to the decision made by the arbitrator and it is legally enforceable in the court as well.  

Arbitration is a mechanism during which a conflict is settled by a neutral arbitrator whose judgment has been decided or declared by the respondents to the conflict will be definitive and binding. Testing and challenges of arbitration judgments are minimal.

Arbitration is regularly used in customer and employ ability issues in some nations such as United States, in which arbitration may be required by employment terms or legal agreements which can include an exemption of the chance to bring an allegation.

3 0
4 years ago
At the beginning of the month, the forming department of martin manufacturing had 10,000 units in inventory, 30% complete as to
bonufazy [111]

Answer:

Equivalent units for materials are  68,400 units

Equivalent units for conversion are  66,800 units

Explanation:

Eighted average costing adds the value of beginning invventory in the period cost to calculate the average cost per unit.

According to this method the equivalent units formula is as follow

Equivalent Units  = Unit completed and transferred to Finished goods + Units in Work in Process x Completion percentage

Material

Equivalent Units  = 62,000 + 8,000 x 80% = 68,400 units

Conversion

Equivalent Units  = 62,000 + 8,000 x 60% = 66,800 units

6 0
3 years ago
What is a market economy regulated by?
miskamm [114]

Answer:

Producers and consumers :)

Explanation:

Market economies are run by buyers and sellers, there is no government involved.

6 0
3 years ago
The _____________ reduce inflationary pressure when expansions are too large and reduce recessionary pressures when contraction
jonny [76]
The answer to the question is "Automatic Stabilizer". This a new policy and programs developed and used by the government in budgeting. The "Automatic Stabilizers" reduce the inflationary pressure when expansions are too large and reduce recessionary pressures when contraction in excessive.
6 0
3 years ago
At an output level of 59,000 units, you calculate that the degree of operating leverage is 3.3. The output rises to 64,000 units
11Alexandr11 [23.1K]

Answer: Percentage change OCF = 27.96%.

Explanation:

Given that,

Output level = 59,000 units

Degree of operating leverage = 3.3

Output rises to 64,000 units,

Degree of Leverage = \frac{Percentage\ change\ in\ Operating\ cash\ Flow}{Percentage\ change\ in\ Quantity}

Percentage change OCF = Degree of Leverage × Percentage change in Quantity

= 3.3 \times \frac{64000-59000}{59000} \times 100

= 27.96%

5 0
3 years ago
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