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nexus9112 [7]
4 years ago
10

The entry to record rent expense of $9,000, supervision expense of $19,000, and depreciation expense of $7,000 to overhead is wh

ich of the following?
A. Debit Overhead—Applied $35,000; credit Rent Expense $9,000; credit Supervision $19,000; credit Depreciation Expense $7,000


B. Debit Overhead—Control $35,000; credit Rent Expense $9,000; credit Supervision $19,000; credit Depreciation Expense $7,000


C. Debit Overhead—Applied $35,000; credit Overhead—Control $35,000


D. None of the above
Business
1 answer:
Brut [27]4 years ago
4 0

Answer:

B.

Explanation:

B. Debit Overhead—Control $35,000; credit Rent Expense $9,000; credit Supervision $19,000; credit Depreciation Expense $7,000

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Fugazi City College sold season tickets for the 2015 football season for $240,000. A total of 8 games will be played during Sept
tamaranim1 [39]

Answer:

d. will include a debit to Unearned Ticket Revenue and a credit to Ticket Revenue for $90,000.

Explanation:

For tickets sold in advance, revenue is not recognized on those tickets until the matches have been played. As such, when payment was received for the tickets, the required entries were Debit Cash account and credit Deferred or unearned revenue.

When the matches are played, revenue is proportionately earned and recorded by crediting revenue and debiting deferred or unearned revenue.

For the 3 games played in September, revenue earned

= 3/8 × $240,000

= $90,000

6 0
4 years ago
A data custodian works directly with data owners and is responsible for the storage, maintenance, and protection of the informat
elena-s [515]

Answer:

The statement is: True.

Explanation:

A data custodian is responsible for storing and give proper use to specific types of information. This character appears at the governance level of safe-keeping data. Typically, the information the custodian guards is related to businesses and general IT (Information Technology).

6 0
4 years ago
5. Jerry lost her credit card and instead of reporting it right away, she decides to continue looking for it for a couple of day
Marrrta [24]
You never take a day or two to wait to report your card if it's stolen you take access and report it before time so that way they don't deduct too much of the money but when they have the card in their hand so that makes the credit report not let you pay for other people's I put him through your card unless it's your own problem the overdraft the account
5 0
3 years ago
Read 2 more answers
A decline in foreign demand for U.S. goods: Suppose the European and Japanese economies succumb to a recession and reduce their
posledela

Answer:

The decrease in the remote interest for US products will lessen the net fares of the US economy,  

AD = Consumption + speculation + government use + Net fares,  

As on factor net fare decay the AD bend will move leftward in the short run. So in short run the genuine GDP fall beneath than the degree of potential GDP.  

The short run impact  

Since a long time ago run Aggregate Supply Short-run Aggregate Supply PRICE Initial Aggregate Demand Final Aggregate Demand Real GDP (Billions of dollars)  

The underlying balance was given by the crossing point of the underlying total interest, SRAS and LRAS at E1. Presently the balance changes from E1 to E2 due to leftward move in the AD bend.  

Therefore ,the costs level abatement and furthermore the genuine GDP level.  

Over the long haul, firms will diminish the lessening the creation as request is less, so the interest for work likewise falls, which lead to diminish the wages of laborers, As interest for work and wages falls, the creation will fall and supply will move leftward.  

From the outline, it is indicated that new harmony at point E3 is the place potential genuine GDP accomplished yet at an even lower cost ( from P2 to P3), this implies collapse in the economy.

5 0
4 years ago
A profit-maximizing firm in a competitive market that is producing on a production curve where the marginal product of labor is
Dafna1 [17]

Answer: A. a downward-sloping labor demand curve.

Explanation:

The labor demand curve is plotted with the quantity of labor demanded vs the real wages paid to labor. In a firm that is producing in a market with a diminishing marginal product of labor, the demand curve will be downward sloping to reflect that the more labor that a company has, the less it pays them.

This is because the extra labor is bringing in less additional revenue and so will need to be paid accordingly to reflect that as more labor is hired, the output decreases.  

8 0
3 years ago
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