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3 years ago

The following financial resources were among those received by Seco City during year 1:_____

Business

1 answer:

Burka [1]3 years ago

8 0

Answer:

A) $0

Explanation:

Seco City will record $0 as special revenue funds during year 1 with respect to the foregoing resources.

The $6,000,000 for acquisition of major capital facilities would be recorded as capital projects fund.

$2,000,000 to create a non-expendable trust would be recorded as private purpose trust fund.

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Valvano Corporation uses a job-order costing system with a single, plantwide, predetermined overhead rate based on machine-hours

alukav5142 [94]

Answer:

The estimated total manufacturing overhead is closest to $550,000

Explanation:

Total manufacturing overhead = variable + fixed overhead absorbed

Fixed overhead absorbed = Overhead absorption rate × machine hour

Overhead absorption rate = Estimated overhead/Estimated machine hours

= $440,000/50,000 machine hours

= 8.8 per machine hour

Absorbed fixed overhead = $8.8 × 50,000= $440,000

Absorbed variable overhead= $2.20 × 50,000= $110000

Total manufacturing overhead = $440,000+ 110000 =$550,000

The estimated total manufacturing overhead is closest to $550,000

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3 years ago

A student claims that he can correctly identify whether a person is a business major or an agriculture major by the way the pers

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A business major 87% of the time, while 16% of the time mistakenly identifies an agriculture major.

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3 years ago

Rarely, the vintage date on a bottle of wine is not the same as the harvest year, but is the calendar year before the harvest ye

Inga [223]

Ice Wines

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3 years ago

sveticcg [70]

Answer:

Nov 3

Inventory 64,000

Account Payable 64,000

Nov 4

Cash 40,080

Sales Revenue 40,080

COGS 24,580.5

Inventory 24,580.5

Nov 5

Inventory 51,620

Account Payable 51,620

Nov 6

Account Payable 13,600

Inventory 13,600

Nov 8

Account Receivable 14,830

Sales Revenue 14,830

COGS 9,240.13

Inventory 9,240.13

Nov 14

Account Payable 50,400 (64,000-13,600)

Inventory 1,008 (50,400 x 2%)

Cash 49,392(50,400-1,008)

Nov 14

Account Receivable 231,020

Sales Revenue 231,020

COGS 135,490.15

Inventory 135,490.15

nov 23

cash 14,830

account receivable 14,830

Account Payable 51,620

Inventory 1,016 (50,800 x 2%)

Cash 49,784(51,620-1,016)

nov 24

Account Receivable 53,800

Sales Revenue 53,800

COGS 37,340.28

Inventory 37,340.28

nov 28

credit card charge expense 3,690.3

cash 3,690.3

nov 28

sales return and allowance 5,610

cash 5,610

Inventory 2,990

COGS 2,990

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3 years ago

Marlon wants to save money over a long period of time. He does not need to have easy access to the money, and he is worried abou

Ne4ueva [31]

Answer:

Bonds

Explanation:

Bonds fit all of Marlon's needs since:

He can know the interest rate up front, e.g. the coupon rate of the bond, or the market rate if the bond is purchased at a premium or discount.
Some bonds have a very remote maturity date, up to 30 years (e.g. US securities) and that is a long period of time.
Even though Marlon can cash his money before the bond matures (he can sell them), it is something that takes a few days and must be done by a broker.
Bonds are very secure investments, specially US securities which are considered the most secure investment in the world, but even corporate bonds are considered secure. In case the firm goes is liquidated, bondholders receive their money before preferred stockholders and common stockholders.

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2 years ago