Answer:
X=140.524.4≅140,524 Packages
Correct option is C (140,524)
Explanation:
Given Data:
Up-Town Express processed =89,233 packages this month
Less than last month=36.5%=0.365
Required:
Packages did they process last month=?
Solution:
Let say X is the number of Packages they process last month.
Equation from above data:
89233+0.365X=X
89233=X-0.365X
0.635X=89233
X=89233/0.635
X=140.524.4≅140,524 Packages
Correct option is C (140,524)
Answer:
$11,026 Favorable
Explanation:
The computation of the spending variance for plane operating costs in November is shown below:
= Budgeted cost - Actual cost
= [(84 × $3,160) + (252 × $18) + $593,00] - $318,250
= $329,276 - $318,250
= $11,026 Favorable
Answer:
D. Accounts receivable is debited $6,820; the dental revenues account is credited $6,820.
Explanation:
The two accounts that are affected here are accounts receivables ( Assets) and the revenue account ( affects capital). The accounts receivable will increase as payment is expected at the end month. Since receivable are assets, an increase in receives is recorded as a debit of the account receivable account. $ 6,820 will be debited on the accounts receivables.
The services rendered increases the revenue to Dr. Peabody. Revenue is considered a capital account because it increases the owner's equity. An increase in a capital account is credited. Dr. Peabody will credit the dental revenue account with $6,820.
Answer:
Jerry's gain on the sale= $28,500
Explanation:
When Jerry sells his interest in JJM to Lucia his basis ($54,250) is what he owes and will be taken out of the proceeds he will get for selling his interest in the company.
Therefore
Jerry's gain on the sale= Amount of sale- Jerry's basis
Jerry's gain on the sale= 82,750- 54,250
Jerry's gain on the sale= $28,500
Answer:
After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800
Explanation:
For calculation, following things need to be considered which is shown below:
1. Product A process costing = Pounds × Per pound price
= 34,000 × $8
= $272,000
2. Product A costing after selling = Pounds × sale price per pound
= 34,000 × $14
= $476,000
3. Difference of costing :
= Product A costing after selling - Product A process costing
= $476,000 - $272,000
= $204,000
4. Invested amount = $227,800
5. Actual Difference = Invested amount - costing difference
= $227,800 - $204,000
= $23,800
After calculating, we get to know that the Product A should be sell now because, it show a difference of $23,800 through which company can earn more in the future. As the company will be better off by $23,800
