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Sergio039 [100]
3 years ago
15

If Jenny spends $80 of her own money to make bracelets, and sells between 3-6 of them for $26 each, in either case, is Jenny get

ting her money back plus more? Why or why not?
Business
1 answer:
Mars2501 [29]3 years ago
7 0
If she sells 3 she's not getting her money back
3×26=78
But if she sells more than 3 then she's getting her money back and more
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Hobson Company bought the securities listed below during 2020. These securities were classified as trading securities. In its De
Wewaii [24]

Answer:

$50,800

Explanation:

Security     Cost       Fair value     Gain(loss)

X              371,000    343,500        -27,500  

Y              185,000     162,400        -22,600  

Z              <u>424,000</u>    <u>407,800</u>        <u>-16,200 </u>

Total        <u>980,000</u>    <u>913,700</u>         <u>-66,300</u>

Unrealized holding loss on Income statement ended June 30,2021 = $66,300 - $15,500 = $50,800

3 0
3 years ago
3. Prepare journal entries to record the machine’s disposal under each separate situation: (a) it is sold for $22,000 cash; (b)
Fofino [41]

Answer and Explanation:

The Journal entries are shown below:-

1. Cash Dr, $22,000

Accumulated depreciation-machine Dr, $148,800

($201,600 - $23,040 ÷ 6 × 5)

Loss on Sale of Machine Dr, $30,800

                 To Machine $201,600  ($192,000 + $8,000 + $1,600)

(To record Sale of the machine)

2. Cash Dr, $88,000

Accumulated depreciation-machine $148,800

($201,600 - $23,040 ÷ 6 × 5)

          To Gain on Sale of Machine $35,200

          To Machine $201,600

(Being Sale of the machine is recorded)

3. Cash Dr, $32,500

   Accumulated depreciation-machine Dr, $148,800

   Loss on disposal of Machine $20,300

                To Machine $201,600

(Being Sale of the machine is recorded)

7 0
3 years ago
Mackenzie's dream is to open a chain of salons. She hopes to attract investors to help finance growth. Having once considered fo
CaHeK987 [17]

Answer: <em>Limited Liability Company</em>

Explanation:

Limited liability company also known as LLC is referred to as the United States specific type of private limited organization. It is referred to as a business structure or component that tends to combine or mix pass-through taxation for a sole proprietorship or a partnership with the tendency of a limited liability of an organization. A LLC is not an organization under the state law, it is referred to as a legal type of an organization that tends to provide a limited liability to the owners in several jurisdictions.

5 0
4 years ago
From the list below, select the items that are classified as a materials activity. Select the correct answers. a.Raw materials u
USPshnik [31]

Answer:

A) Raw materials used

B) Raw materials beginning inventory

C) Raw materials purchases

Explanation:

When we are calculating the cost of goods sold, we must calculate total direct   materials used + total direct labor + overhead overhead costs applied.

To calculate how much direct (raw and intermediate) materials are used, we start with our beginning inventory of (raw and intermediate) materials + purchases of (raw and intermediate) materials - ending inventory of raw materials - indirect materials used.

Some industries only calculate raw materials used, but others might include intermediate components in the equation.

6 0
3 years ago
While everyone's personal financial goals will be unique to their situation, the means for achieving them will be similar. What
MrRa [10]

Answer:

increase their savings

Explanation:

Saving is the action of putting aside a portion of income in a safe place instead of spending.  It is a technique that firms and individuals use to achieve their financial objectives. Consistent saving for a duration of time helps accumulates a substantial amount of money that can be used to actualize financial objectives.

While savings is not the financial objective, it is a means to achieve the actual goal. For Example, if one goal is to own a home or a car, they start saving for the down-payment. Saving helps achieve their long term goals.

7 0
3 years ago
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