Answer:
Profit Motive
Explanation:
Profit is the monetary gain or commercial reward for engaging in business. Profits increase the wealth of the entrepreneur.
The primary reason why Businesses are established is to generate profits for the owners. Entrepreneurs commit their resources, time, and efforts to avail goods and services to society expecting to make profits. The desire to increase wealth through profits is what drives people to start a business.
Answer and Explanation:
The adjusting entry is as follows
Interest Expense ($455,000 × 6% × 6 months ÷ 12 months) $13,650
To Interest payable
(Being interest expense is recorded)
here the interest expense is debited as it increased the expenses and credited the interest payable as it also increased the liabilities
The six months is calculated from Jan 1 to June 30
Answer: i lkke mend
Explanation: for real the one i like i cant be for the you
Answer:
Direct labor cost= $29,250
Explanation:
Giving the following information:
Production:
March= 1,900 nightstands
April= 2,000 nightstands
Each nightstand requires 0.5 direct labor hours in its production.
Forty Winks Corporation has a direct labor rate of $ 14.00 per direct labor hour.
First, we need to determine the number of hours required for each month:
March= 1,900*0.5= 950 hours
April= 2,000*0.5= 1,000 hours
Now, the combined cost:
Direct labor cost= 1,950*15
Direct labor cost= $29,250
