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3 years ago

15

Assuming that you’re recording the transactions on the first page of the journal, the page entry at the top right side of the jo

urnal should be
A. One.
B. J.
C. J1.
D. 2.

1 answer:

OverLord2011 [107]3 years ago

7 0

The page entry at the top right side of the journal should be <span>J1.

Hope this helps!!</span>

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(Related to Checkpoint 5.2) (Future value) (Simple and compound interest) If you deposit $1 comma 000 today into an accoun

Anna35 [415]

Part A

Answer and its explanation:

Interest earned in the third year can be found from following two steps

Step 1 Use compounding formula for first two years, which is as under:

Future value = Present Value * (1+r)^n

Here n is the number of years the amount would be deposited for, which is 2 years duration. And r is the rate of return which is 8% here. So the future value in the year 2 will be:

Future value = $1000 * (1 + 0.08)^2 = $1166.4

Now the interest earned in the third year is:

Interest earned in the third year = $1166.4 * 8% = $93.312

Part B

Answer and its explanation:

The simple interest is the interest arising from the principal investment made in the year zero to date and this can be calculated as under:

Simple interest = Principal investment * rate of interest * number of years

Simple Interest = $1000 * 8% * 3years = $240

And the interest arising from the compounding of interest can be found by the difference of the Future value of the investment for three years and simple interest.

So,

Interest arising through compounding of interest = FV of investment in three years time - (Simple Interest + Principal investment)

Interest arising through compounding of interest = $1000*(1+0.08)^3 -$1240

= $19.712

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3 years ago

For financial accounting purposes, what is the total amount of product costs incurred to make 24,500 units

Anna71 [15]

Answer:

The product cost for 24,500 units is $497,350.

Explanation:

The reason is that the the product cost always includes all the variable production cost and specific fixed production cost. In this scenario, direct material cost, direct labor cost, variable manufacturing overhead cost are variable production cost whereas the fixed manufacturing cost is specific fixed production cost which will form part of product cost. The remainder of the cost left is period cost.

Direct materials (24,500 * $7.7 per unit) $188,650

Direct labor (24,500 * $4.7 per unit) $115,150

Variable manufacturing overhead (24,500 * $2.2 per unit) $53,900

Fixed manufacturing overhead (24,500 * $5.7 per unit) <u>$139,650 </u>

Total product costs $497,350

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3 years ago

Jason is an author who works for a variety of publishing companies. One of them recently informed him that they will no longer b

IrinaVladis [17]

Answer:

Problem focused

Explanation:

A stressor is factor the causes strain or tension for the individual that is experiencing it.

There are different strategies that is used to solve stressful situations: avoidance, emotion-focused, problem-focused, withdrawal.

The problem focused strategy involves efforts aimed at removing or reducing the cause of a stressor.

In the given scenario Jason has financial hardship that results from less need from his services.

He focused on the solving the cause of the problem by contacting the other publishers and accepting additional projects to compensate for the lost income.

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3 years ago

The trading principle formulated by adam smith maintained that:

erma4kov [3.2K]

The correct answer is D. Absolute cost differences regulate the immediate basis for trade
Absolute gain is the ability of a country, separate, company or region to make a good or service at a lower cost per unit than the cost at which any other individual produces that same good or service.

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3 years ago

Innove Tech is a technological firm that wants to build a global service delivery system. It has consulted a larger firm, Ziff C

GarryVolchara [31]

Answer:

Acquisition cost.

Explanation:

When Innove Tech is obtaining the technology from Ziff Corp.they are incurring acquisition cost.

Acquisition cost is the cost incurred for obtaining a property or asset including shipping, installation, taxes, customer fees, and testing.

The total cost of acquisition is what will be recorded as the book value.

For example if a software is purchased for $200,000. Installation and training cost is $30,000, the book value recorded for the software will be $230,000.

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3 years ago

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