Total depreciation expense over an asset's useful life will be identical under all methods of

Record the consumption of supplies durning the month is supplies worth $4000 were purchased on January 5 and at the end of the m

Marat540 [252]

Answer: that means you got 3/4 worth of supplies that were purchased.

Explanation:

So the way you did this problem is so weird and is not understandable

4 0

3 years ago

1 - At the Montell Company, functions are divided into areas of specialization such as production, marketing, accounting, and fi

Sedbober [7]

At the Montell Company, since the functions are divided into areas of specialization such as production, marketing, accounting, and finance, it reflects Fayol's principle of <u>division of labor. </u>

Max Weber used the term <u>bureaucrats</u> to describe middle managers. Their job is usually to implement the orders that they get from top management.

It should be noted that division of labor is when the roles that'll be performed in an organization are divided into various departments. This is done in order to make the job easier and faster.

Read related link on:

brainly.com/question/25523750

7 0

2 years ago

Sheffield Corporation exchanged 2750 shares of Pharoah Company common stock, which Sheffield was holding as an investment, for e

AveGali [126]

Answer: Please refer to Explanation

Explanation:

When recording Equipment here the value of the shares at current value should be used and not the cost of the equipment.

DR Equipment $162,250

CR Investment in Pharaoh Company $137,500

CR Gain on Exchange $24,750

(To record Exchange of shares for Equipment)

Workings.

Investment in Pharaoh Company.

= 2,750 shares * $50(purchase price)

= $137,500

Gain on Exchange

= 2,750 shares * (Market Price - Purchase Price)

= 2,750 shares * ( 59 - 50)

= $24,750

Equipment.

= Investment in Pharoah Company + Gain on Exchange

= 137,500 + 24,750

= $162,250

6 0

3 years ago

A graduated payment mortgage allows the buyer to ___.

Tamiku [17]

D. Not have a downpayment.

Due to the nature of the mortgage.

5 0

3 years ago

Read 2 more answers

Philadelphia Company has the following information for March: Sales $486,599 Variable cost of goods sold 205,621 Fixed manufactu

egoroff_w [7]

Answer:

Manufacturing margin is $203,253

Contribution margin is $230,357

Net income $118,547

Explanation:

Manufacturing margin is the sales revenue minus manufacturing costs

Sales revenue $486,599

Cost of goods sold ($205,621)

fixed manufacturing cost ($77,725)

manufacturing margin $203,253

Contribution margin is sales revenue minus variable costs:

Sales revenue $486,599

Cost of goods sold ($205,621)

variable selling & admin ($50,621)

contribution margin $230,357

Income is the sales revenue minus all costs incurred:

Sales revenue $486,599

Cost of goods sold ($205,621)

fixed manufacturing cost ($77,725)

Variable selling & admin ($50,621)

Fixed selling & admin ($34,085)

Net income $118,547

6 0

3 years ago