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3 years ago

Describe a vestigial organ

2 answers:

6 0

<span>A Rudimentary Structure In Humans Corresponding To A Functional Structure Or Organ In Ancestral Animals.

Hope This Helps You Solve Your Question :)</span>

Elden [556K]3 years ago

3 0

something that is present but no longer used by an organism such as a tailbone or appendix in humans

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You must complete parts 1, 2, 3, 4, 6, 7 and 8 before attempting to complete part 9. Part 5 is optional.

Crank

Answer:

Sales (Dr.) $45,000

Income Summary (Cr.) $45,000

Income summary (Dr.) $63,900

Advertising Expense (Cr.) $1,200

Rent expense (Cr.) $5,600

Office Supplies Cost (Cr.) $9,800

Insurance Expense (Cr.) $7,000

Sales Returns (Cr.) $2,900

Interest Expense (Cr.) $3,200

Cost of Goods sold (Cr.) $27,500

Selling and administrative expense (Cr.) $6,700

Income Summary (Dr.) $250,000

Capital investment (Cr.) $ 250,000

Explanation:

Closing entries are prepared to close business transactions that occurred during the month. These transactions are closed with a contra account of Income Summary. All debit balance are credited with a debit of Income summary account and vice versa. the temporary account balances are reset to zero after closing entries are passed.

4 0

3 years ago

A firm is considering a new project that will generate cash revenue of $1,300,000 and cash expenses of $700,000 per year for fiv

MAXImum [283]

Answer:

A) $416,250

Explanation:

The computation of the free cash flow is shown below:

= (Cash revenues generated - cash expenses - depreciation expense) × (1 - tax rate) + depreciation expense

= ($1,300,000 - $700,000 - $75,000) × (1 - 0.35) + $75,000

= $525,000 × 0.65 + $75,000

= $416250

Simply we added the depreciation expense in the Earning after tax amount

The (Cash revenues generated - cash expenses - depreciation expense) × (1 - tax rate) is also known as Earning after tax

5 0

4 years ago

The market for beef is in long-run equilibrium at a price of $3.25 per pound. the announcement that mad cow disease has been dis

alexandr402 [8]

When the long run equilibrium is re-established, the price will be the amount at which a pound was selling initially, which is $3.25 per pound.
The announcement that mad cow disease has been discovered in the United states will momentarily lowers the demand for beef and the price will be forced to come down. But on the long run, the initial equilibrium price will be re-established.

8 0

3 years ago

Carly is a manager at a business. when she has a job opening, she regularly does internet searches for the applicants to see if

Nezavi [6.7K]

The actions that Carly displays are considered to be legal as it does not involve of doing things that may be considered for it to be illegal in any way but the way she does these things is highly unethical because she doesn't necessarily need to do this because it could it is not biased and her way of doing things affects her decision that is not in a professional way.

5 0

4 years ago

Why might a company choose a process costing system over a job order costing system? How are the two systems similar, and how ar

ch4aika [34]

As organizations that use work order costing maintain track of materials and other resources for each project item, this method often necessitates more thorough record keeping than a process costing. However, in systems that use process costing, each production or process department has its own inventory account and aggregates expenses.

<h3>How are the 2 systems similar?</h3>

Both approaches serve the same fundamental objectives: to provide a framework for calculating unit product cost and to assign material, labor, and overhead costs to items.
The same fundamental manufacturing accounting principles are used by both systems, including production overhead, raw materials, work in progress, and finished goods.
In both systems, the cost flow through the manufacturing accounts is essentially the same.

<h3>What are the differences between the two?</h3>

There are two reasons why work order costing and process costing differ from one another. The first is that a process costing system has a flow of units that is essentially continuous, and the second is that these units are interchangeable. Since each order is just one of many that are filled from a continuous flow of almost identical units from the manufacturing line, it makes no sense to try to identify materials, labor, and overhead costs with a specific order from a customer (as we do with job order costing). Under process costing, costs are accumulated by the department as opposed to orders, and they are then uniformly distributed to all units that go through the department over the course of a time period.

The fact that process costing does not employ the job cost sheet since its emphasis is on departments is another distinction between the two costing methodologies. For each department that works on items, a production report is created as opposed to a task cost sheet. The production report fulfills a number of purposes. It gives a summary of how many units pass through a department in a given time frame and computes unit costs. Additionally, it displays the expenses incurred by the department and the decision made regarding such expenses. In a process costing system, the department production report is a crucial document.

Therefore, above are all the differences and similarities between the 2 systems.

For more information on the Costing system, refer to the given link:

brainly.com/question/24516871

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4 0

1 year ago