All categories

3 years ago

If the individual subsidiary ledger accounts contained the following data:__________.

Business

1 answer:

NNADVOKAT [17]3 years ago

7 0

Answer:

A/R, $875; A/P, $575

Explanation:

The accounts receivable account is the account that records the amount from clients/customers. It is an asset account. The account payable is a liability account used to record amounts payable to vendors.

As such,

Accounts receivable (A/R) control account balance = $750 + $125 = $875

Accounts payable (A/P) control account balance = $200 + $375 = $575

You might be interested in

The following information relates to the pension plan for the employees of Turner Co.: 1/1/20 12/31/20 12/31/21 Projected benefi

Reptile [31]

Answer:

The amount of AOCI (net gain) amortized in 2021 is $26,250

Explanation:

In order to calculate the calculate the amount of AOCI (net gain) amortized in 2021 we would have to use the following formula:

amount of AOCI (net gain) amortized in 2021=(AOCI net gain 12/31/20-Corridor amount for 2021)/Average remaining service life

AOCI net gain 12/31/20=$1,512,000

Corridor amount for 2021=$1,092,000=10,920,000*10%

Average remaining service life=16

Therefore, AOCI (net gain) amortized in 2021=($1,512,000-$1,092,000)/16

AOCI (net gain) amortized in 2021=$26,250

5 0

3 years ago

To take advantage of an arbitrage opportunity, an investor would 1) construct a zero-investment portfolio that will yield a sure

Alex_Xolod [135]

Answer:

Both statements I and III are correct.

Explanation:

1.Construct a zero investment portfolio that will yield a sure profit

3.Make simultaneous trades in two markets without any net investments

7 0

4 years ago

snowpeak ski resort offers a price for a lift ticket that is barely over its marginal cost, but the high equipment rental fee ke

nadya68 [22]

Based on the fact that Snowpeak Ski Resort offers prices for lifts that are barely over their marginal cost but still make profits from high equipment rental, the pricing strategy in use is Cross-subsidization.

<h3>What is Cross-subsidization?</h3>

This is a pricing strategy that allows a company to charge one group of customers a higher amount for goods sold or services rendered while charging another group of customers a lower amount for other goods and services.

The logic is that the profits from the higher priced goods will take care of the marginal profits from the smaller cost goods and services.

Companies do this because they know that there are services that they can offer that will be easier to sell to people at a higher cost than a lower one. This is what Snowpeak Ski Resort is doing by using the rental fee of equipment to make profits.

Find out more on Cross-subsidization at brainly.com/question/6886629

#SPJ1

8 0

2 years ago

Aquatic Corp.'s standard material requirement to produce one Model 2000 is 15 pounds of material at $110 per pound. Last month,

dem82 [27]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Aquatic Corp.'s standard material required to produce one Model 2000 is 15 pounds of material at $110 per pound.

Last month, Aquatic purchased 170,000 pounds of material at a total cost of $17,850,000. It used 162,000 pounds to produce 10,000 units of Model 2000.

First, we need to calculate the direct material price variance:

Direct material price variance= (standard price - actual price)*actual quantity

Actual price= 17,850,000/170,000= $105 per pound

Direct material price variance= (110 - 105)*170,000= $850,000 favorable

It is favorable because the actual price per pound was lower than expected.

Finally, we need to calculate the direct material quantity variance using the following formula:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 15*10,000= 150,000 pounds

Direct material quantity variance= (150,000 - 162,000)*110= $1,320,000 unfavorable

It is unfavorable because it used more pounds per unit than estimated.

8 0

4 years ago

A market researcher randomly selects 1 00 drivers under 45 years of age and 2 00 drivers over 45 years of age. Identify the type

Ganezh [65]

Answer:

(c). Random Stratified

Explanation:

Sampling refers to selection of a number of observations for analysis as a representative of the entire population of observations wherein the results would be interpreted the same as if the whole population was subject to analysis.

In a stratified random sampling, the observations are divided into small groups known as strata which relate to a sample interval, from which an item is chosen at random.

In stratified sampling, the selection of an item is taken from the observations belonging to a strata belonging to a particular sample interval.

In the given case, stratified random sampling has been used.

5 0

3 years ago