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Ludmilka [50]
3 years ago
12

Vivian worked as a manager at her company. She was asked to order a few cars that would be used by company employees. Which best

practice should Vivian consider to ensure that her company shows social responsibility?
A. write off the cost of the cars as a business expense

B. ensure that the cars are environmentally friendly

C. choose the lowest bidder when purchasing the cars

D. restrict use of the cars to middle management
Business
1 answer:
Margarita [4]3 years ago
8 0

To ensure that her company is being socially responsible, Vivian should ensure that the cars are environmentally friendly. Being socially responsible means you do what is best for planet, people, and profits. In this case, taking care of the planet means choosing the car that is the most environmentally friendly.

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A firm incurs $35,000,000 of actual OH costs. It has a PDOH rate of $450 per machine hour and 100,000 machine hours were actuall
ella [17]

Answer:

c.  Debit: Overhead Control $10,000,000  

Credit: Cost of Goods Sold $10,000,000

Explanation:

The journal entry to close the overhead account is presented below:

Overhead Control A/c Dr $10,000,000

       To Cost of Goods Sold A/c  $10,000,000

(Being the overhead account is closed)

The computation is shown below:

= Applied overhead - actual overhead

where,

Applied overhead equal to

= $450 × 100,000 machine hours

= $45,000,000

And, the actual overhead is $35,000,000

So, the amount would be

= $45,000,000 - $35,000,000

= $10,000,000

Since the applied overhead is greater than the actual overhead, so we debited the overhead control account and credited the cost of goods sold account

5 0
3 years ago
On January 1, 2022, The Eighties Shop has 100,000 shares of common stock outstanding. The Eighties Shop incurred the following t
Anastasy [175]

Answer:

Date        General Journal                Debit            Credit

March 1   Bank A/c                        $2,650,000

                  (53,000 × $50)

                       Share Capital A/c                            $53,000

                        (53,000 × $1)

                        Share Premium A/c                        $2,597,000

                        [53,000 × $49 ($50 - $1)}  

                (Being additional 53,000 issued shares for $50)

May 10     Treasury Stock A/c            $254,400

                (4,800 × $53)

                        Cash A/c (4,800 × $53)                  $254,400

               (Being purchase of 4,800 treasury stock for $53 )    

June 1       Retained Earning A/c        $207,480  

                 (1,53,000- 4,800) × $1.4

                          Dividend Payable A/c                   $207,480

                           [(153,000 - 4,800) × $1.4]

                 (Being cash dividend declared)

July 1        Dividend Payable A/c       $207,480

                           Cash A/c                                        $207,480

                 (Being cash dividend paid)

October 21  Cash A/c (2,400 × $58)   $139,200

                          Treasury Stock (2,400 × $53)          $127,200

                          Paid in Capital from treasury Stock $12,000

                           (2400 × $5)

                    (Being 2,400 Treasury Stock sold for $58)

8 0
2 years ago
After all of the account balances have been extended to the Balance Sheet columns of the end-of-period spreadsheet, the totals o
SOVA2 [1]

Answer:

This indicates that

d.the company has a net loss of $9,575 for the period.

Explanation:

a) Data and Calculations:

Total debits of the balance sheet (assets) = $28,480

Total credits of the balance sheet (liabilities + equity) = $38,055

Difference (net loss) = $9,575 ($38,055 - $28,480)

b) With the determination of the net loss of $9,575, the two sides (debits and credits) of the balance sheet will equal.  This is because the net loss of $9,575 will reduce the credits from $38,055 to $28,480.

5 0
3 years ago
Which of the following is good for our economy?
Otrada [13]

Answer:

Stable prices

Explanation:

Stable prices created a structured economy without residents having to constantly adapt to deflation, inflation etc.

8 0
3 years ago
Sunland Company began operations in July 2019. At the end of the month, the company prepares monthly financial statements. It ha
DIA [1.3K]

Answer:

July 31, 2019

Dr Salaries and Wages Expense $1,800

Cr Salaries and Wages Payable $1,800

Dr Interest Expense 320

Cr Interested Payable 320

Dr Accounts Receivable $2,600

Cr Service Revenue $2,600

Explanation:

Preparation of the adjusting entries needed at July 31, 2019

July 31, 2019

Dr Salaries and Wages Expense $1,800

Cr Salaries and Wages Payable $1,800

Dr Interest Expense 320

Cr Interested Payable 320

[$32,000*12%-($32,000*12%*11/12)]

Dr Accounts Receivable $2,600

Cr Service Revenue $2,600

5 0
2 years ago
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