If the price level increased from 200 to 250, then what was the inflation rate?

Robin Company purchased on account and used 520 pounds of direct materials to produce a product with a 510-pound standard direct

r-ruslan [8.4K]

Answer:

i think 1......but i don't know

3 0

3 years ago

Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense,

romanna [79]

Answer:

Cortina Company

Indication of the type of adjustment and the status of the accounts before the adjustment:

Type of adjustment (prepaid Status of the accounts before the

expense, accrued revenue, etc.) adjustment:

a. Usage adjustment Supplies Overstated by $1,200

b. Accrued Revenue Service Revenue understated by $700

c. Accrued Expense Interest Expense understated by $300

d. Earned Revenue Rent Revenue understated by $1,100

and Deferred Revenue overstated by

the same amount.

Explanation:

Cortina Company must recognize all revenue and expenses, whether cash has exchanged hands or not, provided they have been earned or incurred within the stated accounting period. This is in accordance with the accrual concept and the matching principle of generally accepted accounting principles.

5 0

3 years ago

Suppose that a worker in Radioland can produce either 4 radios or 1 television per year, and a worker in Teeveeland can produce

shutvik [7]

Answer:

(B) 300 televisions and 100 radios in Teeveeland and 300 radios and 100 televisions in Radioland

Explanation:

Radioland

Each worker can produce either 4 radios or 1 television

The country has a total of 100 workers

By specializing in the goods it has a comparative advantage, Radioland will only produce radios.

Therefore, the total number of radios it will produce per year

= 4 radios per worker * 100 workers

= 400 radios.

If Radioland trades 100 radios to Teeveeland in exchange for 100 televisions each year, Radioland will end up with

= 400 radios - 100 radios (to Teeveeland) + 100 televisions (from Teeveeland)

= 300 radios + 100 televisions in Radioland.

Teeveeland

Each worker can produce either 2 radios or 4 televisions

The country has a total of 100 workers

By specializing in the goods it has a comparative advantage, Teeveeland will only produce televisions.

Therefore, the total number of televisions it will produce per year

= 4 televisions per worker * 100 workers

= 400 televisions.

If Teeveeland trades 100 televisions to Radioland in exchange for 100 radios each year, Teeveeland will end up with

= 400 televisions - 100 televisions (to Radioland) + 100 radios (from Radioland)

= 300 televisions + 100 radios in Teeveeland.

7 0

3 years ago

Looking to increase the profits of his lemonade stand, Johann doubled the price of a cup of lemonade from 25 cents to 50 cents.

hjlf

Answer:

1. Johann is looking to double the profits of his lemonade stand

Explanation:

Note that Johann was still making money from lemonade stand but was not content with the profits he was making that was his argument or reason for increasing the price of a cup of lemonade from 25 cents to 50 cents.

Without having forsight Johann's decision eventually resulted in him selling fewer cups at the new price and therefore making less money than before.

7 0

3 years ago

on january 1, 2024, howell enterprises purchases a building for $151,000, paying $41,000 down and borrowing the remaining $110,0

sashaice [31]

The transactions would debit the mortgage payment of $635.52, credit the cash account with $1,277.19, and credit the interest charge of $641.67.

<h3>A mortgage is what?</h3>

Although some lenders provide 20-year periods and others even let borrowers choose their own length, most fixed-rate mortgages have a 30-year or 15-year term. Before committing to a mortgage, homebuyers should take all available home loan options into account.

Payable Dr. Mortgage: $635.52

Dr interest expenditure $641.67 Cr cash $1,277.19

The initial payment made on the mortgage is $1,277.19, which may be divided into the principal repayment of $110,000 and the interest on the mortgage.

interest for the first month equals $110,000 * 7% * 1/12 = $641.67

Usually, the payment made consists of $635.52 ($1,277.19-$641.67) for the principal payments and $641.67 for the interest.

The entries would credit cash with $1,277.19, debit mortgage payment with $635.52, and debit interest charge with $641.67.

To learn more about mortgage payment refer to

brainly.com/question/28146849

#SPJ4

7 0

1 year ago