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3 years ago

Sheridan Company developed the following data for the current year:

Business

2 answers:

uysha [10]3 years ago

7 0

Answer:

$816,000

Explanation:

Work in process inventory can be described as the partially finished goods waiting to be completed and transferred to the trading department for eventual sale. Under manufacturing accounts, we normally have the following:

Total manufacturing costs + Beginning work in process inventory - Ending work in process inventory = Cost of goods manufactured

Substituting the relevant values in the question into the equation above, we have:

$780,000 + $300,000 - Ending work in process inventory = $264,000

We can solve for ending work in process inventory as follows:

Ending work in process inventory = $780,000 + $300,000 - $264,000 = $816,000

Therefore, Sheridan Company's ending work in process inventory is $816,000.

yulyashka [42]3 years ago

4 0

Answer:

Ending work-in-process inventory is $816,000

Explanation:

Work in process Inventory is the inventory which is in the production process.

Cost of Good Manufacture = Total Manufacturing costs + Beginning work-in-process inventory - Ending work-in-process inventory

$264,000 = $780,000 + $300,000 - Ending work-in-process inventory

$264,000 = $1,080,000 - Ending work-in-process inventory

Ending work-in-process inventory = $1,080,000 - $264,000

Ending work-in-process inventory = $816,000

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lozanna [386]

Answer:

Self-Actualization and Esteem

Explanation:

According to Herzberg's theory, motivators result in personal satisfaction. Motivators come from the intrinsic conditions of the job an employee performs, e.g. recognition (employee of the month), personal growth (a promotion).

Herzberg's motivators relate to the higher levels of Maslow's pyramid, which basically deal with developing the full potential of individuals.

On the other hand, Herzberg's hygiene are related to the lower levels of Maslow's pyramid.

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3 years ago

On July 1, 2019, Sunland Company purchased new equipment for $80,000. Its estimated useful life was 5 years with a $10,000 salva

Paraphin [41]

Answer:

On December 31,2019

Depreciation expense Dr $7,000

To Accumulated depreciation $7,000

(Being the depreciation expense is recorded)

Explanation:

The journal entry is shown below;

On December 31,2019

Depreciation expense Dr $7,000

To Accumulated depreciation $7,000

(Being the depreciation expense is recorded)

The computation is shown below:

= ($80,000 - $10,000) ÷ 5 years × 6 months ÷ 12 months

= $7,000

For recording this we debited the depreciation expense as it increased the expenses and decreased the assets so the accumulated depreciation is credited

And, the six months is taken from July 1 to December 31

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3 years ago

Which of the following is true of external recruiting, compared to internal recruiting?

Mkey [24]

Answer:

The answer is E. The process takes longer

Explanation:

External recruitment is the process of announcing vacancies to the people outside ones organization while Internal recruitment is the process of announcing vacancies for the internal staffs only.

The process of external recruitment is usually longer and more expensive than internal recruitment. For example, payment to publish the vacancies in any national newspapers or payment for outsourcing company that specializes in recruitment.

Option A is wrong because external recruitment discourages employee loyalty.

Option B in incorrect because this is so for internal recruitment

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3 years ago

Josiah, Inc. provides the following information for 2017:Net income$350,000Market price per share of common stock$50 per sha

AURORKA [14]

Answer:

Earnings per share for 2017 = $1.707

Explanation:

Earnings per share relates to the specific period, that how much on each individual share the earnings has been during the period.

Therefore, if there is change in number of equity shares average is taken, for that.

Equity on 1 Jan 2017 = 160,000 shares

Equity on 31 December 2017 = 250,000 shares

Average = $\frac{160,000 + 250,000}{2} = 205,000$

Earnings per share for 2017 = $\frac{Net\ Income}{Average\ number\ of\ shares}$

= $\frac{350,000}{205,000} = 1.707$

Earnings per share = $1.71 (Rounded off)

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3 years ago

Louis owns an import business. After traveling to France on numerous occasions, he developed a taste for fine French wines. A ra

Tamiku [17]

Answer:

B. French wines will become more expensive in the United States.

Explanation:

Exchange rate is the rate at which one currency can be exchanged for another during international trade. The strength of a currency determines how much of the other countrie's goods it can purchase.

When the strength of a countrie's currency is high it will purchase more of the other countrie's goods. If however the currency is weak, it will take more to buy the other countrie's goods.

In this case if the dollar falls against the euro, it will take more dollars to buy French wine than before.

For example if a bottle of French wine was $500, after the fall the price may now be $800.

3 0

3 years ago