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Zina [86]
3 years ago
8

Determine the number of cycles per day and the production quantity per cycle for this set of vehicles:

Business
1 answer:
Alinara [238K]3 years ago
7 0

Answer:

5

Explanation:

  • The number of cycles is the smallest integer which can divide the production quantity. Each value is divisible by 5 hence the number of cycles for this set of vehicles will be 5:

                     

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6 0
2 years ago
Journalize the following transactions for Reed Company. Assume a perpetual inventory system. Also, assume a constant gross profi
igor_vitrenko [27]

Answer:

The Journal entries are as follows:

(i) On April 6,

Cash A/c Dr. $5,000

To Sales                     $5,000

(To record the cash sales )

(ii) On April 6,

Cost of goods sold A/c Dr. $3,000

To merchandise inventory               $3,000

(To record the cost of goods sold)

(iii) On April 12,

Sales return and Allowances A/c Dr. $630

To cash                                                          $630

(To record the sales return)

(iv) On April 12,

merchandise inventory A/c[(630 ÷ 5,000) × 3,000] Dr. $378

To cost of goods sold                                                                     $378

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4 0
3 years ago
Evergreen Corporation distributes land with a fair market value of $200,000 to its sole shareholder. Evergreen's tax basis in th
Lady_Fox [76]

Answer:

True

Explanation:

As for calculating the gain or loss on distribution of any asset, in any case the company shall consider the fair market value at the time of distribution, and accordingly, the gain or loss shall be:

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Here, in the given instance

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Tax basis of land = $50,000

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This will not be different in any case, whether the earnings are positive or negative.

Therefore, the statement is True

4 0
3 years ago
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