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3 years ago

Prepare adjusting journal entries, as needed, for the following items.

Business

1 answer:

podryga [215]3 years ago

6 0

Answer:

Explanation:

Journal Entry is the way to record transactions, i.e business transactions into the record of account which is called Journal Book. It involves the identification of those account present in the transaction,know the type of account, then with accounting rule, record the transaction.

CHECK THE ATTACHMENT FOR THE PREPARED JOURNAL

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Which of the following is a true statement? leaving all property to the surviving spouse maximizes the marital deduction and the

vovangra [49]

In the analysis of the given options, the most likely answer to this question is a bypass provision in the will of the deceased spouse is designed to use the unified credit of the deceased spouse by transferring property to beneficiaries other than the surviving spouse.Thank you for your question. Please don't hesitate to ask in Brainly your queries.

4 0

3 years ago

Read 2 more answers

Kulka Corporation manufactures two products: Product F82D and Product T05P. The company uses a plantwide overhead rate based on

ipn [44]

Answer:

b. $303,000

Explanation:

The activity rate

1. Machining = $\frac{\text{total cost}}{\text{total activity}}$

$=\frac{180000}{9000}$

= $ 20 per machine hour

2. Machine set up = $\frac{\text{total cost}}{\text{total activity}}$

$=\frac{125000}{250}$

= $ 500 per set up

3. Product design = $\frac{\text{total cost}}{\text{total activity}}$

$=\frac{44000}{2}$

= $ 22000 per product

4. Order size = $\frac{\text{total cost}}{\text{total activity}}$

$=\frac{260000}{10000}$

= $ 26 per direct labor hour

Now the ABC cost (Product T05P)

1. Machining = $\text{machine hours} \times \text{activity rate}$

= 4000 x 20

= $ 80,000

2. Machine set ups = $\text{no. of set ups} \times \text{activity rate}$

= 90 x 500

= $ 45,000

3. Product design = $\text{no. of products} \times \text{activity rate}$

= 1 x 22000

= $ 22,000

4. Order size = $\text{direct labor hours} \times \text{activity rate}$

= 6000 x 26

= $ 156,000

Therefore, the total manufacturing overhead cost assigned to product T05P = 80000 + 45000 + 22000 + 156000

= $ 303,000

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3 years ago

Regina finds a new car costing $25,000 and a used car costing $17,000. Which car will have higher insurance premiums and why?

GaryK [48]

The used car will have higher insurance premiums because there is a higher chance that it will malfunction and that they will have to pay for your expenses. A new car is cheaper when it comes to premiums because it is expected to last and the insurance companies are safer in this regard.

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3 years ago

Suppose that Jeremiah was unfairly terminated before his employment contract expired, and he had to spend $500 to find another j

ad-work [718]

Answer:

<u>Incidental</u> damages

Explanation:

In a situation where an employer doesn't fulfill a contract agreement with an employee, just like in the question above, where Jeremiah was unfairly terminated before his employment contract expired, he has the right to collect "damages" which is legal compensation for financial losses caused by the termination of his employment contract before it expired. Incidental damage is the answer because Jeremiah incurred expenses where he had to spend $500 to find another job as a result of the employer's breach of the contract.

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2 years ago

The price quotations of Treasury bonds in the Wall Street Journal show an ask price of 104.25 and a bid price of 104.125.

Andreas93 [3]

As a seller we would receive $1,041.25

<u>Solution:</u>

You may receive the bid price of the dealer, $104.125\%$ of $1,000, or $1,041.25