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DaniilM [7]
3 years ago
9

Why is it difficult for some people to save money?

Business
1 answer:
sammy [17]3 years ago
8 0
If they have alot of money then it might be hard for them to save because they have enough or if they  dont have alot of money then they just wanna have alot of items i do that sometimes☺


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Marcelino Co.'s March 31 inventory of raw materials is $80,000. Raw materials purchases in April are $500,000, and factory payro
Roman55 [17]

Answer:

Marcelino Co.

Journal Entries:

Debit Raw materials $500,000

Credit Accounts Payable $500,000

To record the purchase of raw materials on credit.

Debit Factory payroll $363,000

Credit Cash $363,000

To record payment for factory payroll.

Debit Work in Process:

Job 307 $135,000

Job 307 $220,000  

Job 308  $100,000

Credit Raw materials $455,000

To record direct materials used in production

Debit Work in Process:

Job 307 $42,500

Job 307 $75,000  

Job 308  $52,500

Credit Factory overhead $170,000

To record overhead applied.

Debit Factory overhead  $175,000

Credit Raw materials $50,000

          Factory payroll $23,000

          Factory rent $32,000

          Factory utilities $19,000

          Factory equipment depreciation $51,000

To record actual factory overhead costs.

Debit Finished Goods Inventory $828,500

Credit Work in Process:

Job 306 $321,500

Job 307 $507,000

To record the cost of finished goods transferred.

Debit Cost of goods sold $321,500

Credit Finished goods inventory $321,500

To record the cost of goods sold.

Debit Cash $635,000

Credit Sales Revenue $635,000

To record the receipt of cash for sales.

Debit Cost of Goods Sold $5,000

Credit Factory overhead $5,000

To record underapplied overhead.

Explanation:

a) Data and Calculations:

Raw materials inventory, March 31 = $80,000

Raw materials $500,000 Accounts Payable $500,000

Factory payroll $363,000 Cash $363,000

Overhead costs incurred in April :

Indirect materials  $50,000 Raw materials $50,000

Indirect labor $23,000 Factory payroll $23,000

Factory rent $32,000 Cash $32,000

Factory utilities $19,000 Cash $19,000

Factory equipment depreciation $51,000 Accumulated depreciation $51,000

Total overhead incurred = $175,000

Predetermined overhead rate = 50% of direct labor cost

Sale of Job 306 for cash = $635,000

                                 Job 306          Job 307          Job 308             Total

Balances on March 31

Direct materials       $29,000          $35,000                                $64,000

Direct labor                20,000             18,000                                   38,000

Applied overhead      10,000              9,000                                    19,000

Costs during April

Direct materials       135,000          220,000          $100,000    $455,000

Direct labor               85,000           150,000            105,000       340,000

Applied overhead    42,500             75,000              52,500       170,000

Total costs            $321,500        $507,000          $257,500 $1,086,000

Status on April 30 Finished (sold) Finished (unsold) In process

3 0
3 years ago
Type the correct answer in the box. Spell all words correctly.
yuradex [85]

Answer:

Freemium would be the answer for the First one.

Explanation:

Freemium, a portmanteau of the words "free" and "premium", is a pricing strategy by which a basic product or service is provided free of charge, but money (a premium) is charged for additional features, services, or virtual (online) or physical (offline) goods that expand the functionality of the free version of the software. This business model has been used in the software industry since the 1980s. A subset of this model used by the video game industry is called free-to-play.

You are a very beautiful young lady : )

Let me know if you need any more help!

6 0
3 years ago
Calculate percent change if the original value of your stock was $25 and the new value of your stock $30
crimeas [40]

Answer:

Percentage Change | Increase and Decrease

First: work out the difference (increase) between the two numbers you are comparing.

Increase = New Number - Original Number.

Then: divide the increase by the original number and multiply the answer by 100.

% increase = Increase ÷ Original Number × 100.

Explanation:

thats how you find out how to calculate percentage change in value

hope it helps

6 0
2 years ago
Read 2 more answers
Ensuring that all the right people, equipment, and materials arrive on time is especially challenging when using which layout? M
Mila [183]

Answer: Fixed-position layouts

Explanation: Fixed-position layouts are employed to assemble large, bulky, or fragile products to safely and effectively transferred them to a particular site for completion. E.g Assembling of an airplane. furthermore, personnel, supplies, and equipment are brought to the location where the product will be assembled. In involves ensuring that all the right people, equipment, and materials arrive on time and this is a challenging tasks when using fixed-position layouts.

6 0
3 years ago
Kingbird, Inc. has the following information available for accruals for the year ended December 31, 2019. The company adjusts it
Anton [14]

Answer:

a-Dec-31. Dr Utility expense   485

                    Cr   Utility bills payable  485

b-Jan-11.  Dr Utility bills payable  485

                        Cr Cash                   485

c-Dec-31. Dr Salary expense  3990

                Cr  Salary payable                3990

d-Dec-31. Dr bank 51600

                 Cr  Loan payable   51600

e-Dec-31 Dr Interest expense  215

                    Cr interest payable     215

f-Dec-31 Dr Account receivable  340

                  Cr   Service revenue  account    340

g-Dec-31. Dr Cash  6840

                 Cr Advance Rent    6840

Explanation:

a-Utility expense incurred for the m/o Dec will be paid in Jan.

c- Salaries of 3990 will be paid on Jan of 4 days.

e-Interest expense for the m/o Dec will be (51600*5%=2580/12=215.

f-The service fee is receivable which will be paid on Jan.

g- Advance rent is received from client.

7 0
3 years ago
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