Answer:
see below
Explanation:
This transaction is affecting the bank's balance and F brown accounts. It is increasing the bank balance( asset account) by 4000 and increasing accounts payable/F brown ( liabilities account) by 4000.
An increase in assets is debited while an increase in liabilities is credited.
the journal entry will be
Bank A/c Dr. 4000
F brown A/c 4000
Offmind's Explanation:
Within these Chefs ability to cook, the one who is associated to the professional organizations might have a better knowledge on how to use various things and apply them to their food but the one without the professional organizations helping them could still be learning, just not from a specific organization. Still though, the question asks us how it would affect their careers. While one chef has involvement with various professional organizations, they could find themselves with better opportunities in their future while the other one might not get those same opportunities due to their lack of association with such organizations. Both, might have the same skills in the end but, most times the one with the more professional experience will have more open doors.
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Solution:
Numerator (Basic EPS): Net income = $900 million;
Preferred dividends = $27 million (9% x $100 = $9/share x 3 million;
Since the preferred stock is cumulative, the dividend is deducted whether or not paid)
Denominator (Basic EPS): Weighted average # shares of common stock outstanding
1/1 – 12/31 => 540 x (12/12) => 540 x 1.05 = 567
3/1 – 12/31 => (24) x (10/12) = (20) x 1.05 = 21
10/1 – 12/31 => 4 x (3/12) = 1
= 567 - 21 - 1 = 547
Weighted average # shares 190
Basic EPS = ( $900 - $27 ) ÷ $547
= $873 ÷ $547 = 1.59
Answer:
Direct Labour Cost per Equivalent Unit = $0.17
Explanation:
Cost per Equivalent Unit = Total Cost / Total Equivalent Units
Total Direct Labor Cost = $24,000
Total Equivalent Units = 127,500 + 40,000 x 25% = 137,000
Cost per Equivalent Unit = $24,000 / 137,500 = $0.17
Remember:
In the weighted average method, the units in beginning inventory are treated as if they had no work done in them at all. They are included with all the other units completed in the period.