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3 years ago

Who knows how to fill out the Journal?

Business

2 answers:

Pie3 years ago

8 0

Answer:

Make an entry

Explanation:

Valentin [98]3 years ago

7 0

Answer:

first make journal entries

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The management of Fannin Corporation is considering dropping product H58S. Data from the company's accounting system appear belo

hoa [83]

Answer:

Net operating income would be decreased by $137,000

Explanation:

The computation is shown below:

Sales $490,000

Less: Variable expenses ($221,000)

Contribution margin $269,000

Less

Fixed manufacturing expenses ($90,000)

Fixed selling and administrative expenses ($42,000)

Net income $137,000

If the product H58S were dropped than the net operating income would be decreased by $137,000

7 0

3 years ago

If a company purchases equipment costing $4,500 on credit, the effect on the accounting equation would be: Multiple Choice Asset

Firdavs [7]

Answer: Assets increase $4,500 and liabilities increase $4,500.

Explanation:

An asset are the properties which a business or an organization owns. An asset possess an economic value.

Since the equipment purchased is an asset, this will lead to an increase of assets by $4500 and since it was bought on credit and hasn't been paid for, liabilities will also increase by $4500.

8 0

3 years ago

(problem 13). margo's marginal utility of one dance lesson is 100 utils per lesson. her marginal utility of a new pair of dance

kirill115 [55]

Since Margo purchase her optimal consumption bundle, the marginal utility per dollar consumed on dance lessons must be equivalent to the marginal utility per dollar paid on dance shoes. The marginal utility per dollar spent on dance lessons is 100 utils per lesson, where $50 per lesson is equivalent to 2 utils per dollar. The marginal utility per dollar expended on dance shoes therefore has to equal 2 utils per dollar. Since the marginal utility of a pair of dance shoes cost 300 utils per pair, the value of a pair of shoes should be $150 per pair, so that 300 utils per pair/$150 per pair is equal to: 2 utils per dollar.

6 0

3 years ago

A primary reason cited by wysocki why doubling the number of people to a task does not reduce the overall duration of the projec

Ahat [919]

Because the all or some could me working different way then others

5 0

4 years ago

Based on the following information, prepare the bank reconciliation for Cougar Corp. as of December 31. A. On December 31, Couga

True [87]

Answer and Explanation:

The Preparation of bank reconciliation for Cougar Corp. as of December 31 is shown below:-

Cougar Corp.

Bank reconciliation

For the year ended December 31

Particulars Amount

Bank balance Dec 31 $24,575

Add: Deposit in transit $2,500

Less:

Outstanding checks #302 ($180)

Outstanding checks #303 ($95)

Outstanding checks #304 ($25) ($300)

Bank balance adjusted $26,775

Cash balance on 31 Dec $26,504

Add: EFT from customer $1,700

Add: Interest income $21 $1,721

Less: Posting error

($5,400 - $4,500) $900

Less: NSF check $500 $1,400

Book balance adjusted $26,775

Hence, the bank balance and the book balance are matched

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3 years ago