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Taya2010 [7]
3 years ago
13

On May 7, Juanita Construction provides services on account to Michael Wolfe for $4,000. Michael pays for those services on May

13. Required: For Juanita Construction, record the service on account on May 7 and the collection of cash on May 13.
Business
1 answer:
yKpoI14uk [10]3 years ago
6 0

Explanation:

May 7

Credit sales of $4,000 which means accounts receivable will increase by $4,000 and Sales revenue will also raise b y the same amount

May 13

Collection on account of May 7th sales which means the account receivable will go down by $4,000 and cash will increase by $4,000

Journal entries

DATE                                     Particulars                                             Amount

May 7th                    Account receivable (+A) Dr.                                $4,000

                                                to Sales revenue (+Equity)                  $4,000

                                        ( To record the credit sales)

May 13th                 Cash (+A)  Dr.                                                         $4,000

                                                 to Accounts receivable(-A)                 $4,000

                                  (To record the receipt of cash)  

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Answer:

<h2>Assembly Line</h2>

1. Probability that a unit ends up in rework = Probability of defect in 20 stations multiplied by the probability of catching defects = 0.8%(1% x 80%) = 0.008

2. Probability that a defective unit is shipped = Probability of defective units during inspection plus Probability of defective units during rework = 25% (20% + (100-95%)) = 0.25

Explanation:

a) Probability of defect in 20 stations = 0.5% x 20 = 1%.  Each station has a 0.05%

b) Probability of defective units during inspection = 20% (100% - 80)

c) Probability of defective units during rework = 5% (100% -95)

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8 0
3 years ago
The Phelan Division produces and sells a product to external and internal customers. Per-unit information about its operations i
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Answer:

The answer is $250

Explanation:

Solution

From the example given, we are asked to find the internal transfer price of Phelan's product.

So, if Phelan is operating at capacity or speed and has unlimited external customer demand then the transfer price for Phelan's product is $250 as it has huge demand from customers

6 0
3 years ago
In a single-slit diffraction experiment, the central maximum is broadened if the wavelength of light is increased. In a single-s
zimovet [89]

Answer:

The correct answer is letter "A": True.

Explanation:

Light passing through a single slit forms a somewhat different pattern of diffraction from that formed by double slits or gratings of diffraction. Monochromatic light traveling through a single slit has a main peak, and on either side, there are many smaller and dimmer maximums. If the light is increased, the central maximum is expanded.

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4 years ago
The Bottling Department of Mountain Springs Water Company had 5,700 liters in beginning work in process inventory (20% complete)
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Answer:

The equivalent units for conversion costs under the FIFO method is 59,130 liters.

Explanation:

<u>Calculation of Equivalent units of Production for Conversion Costs</u>

Method : FIFO

To Compete Opening Work in Process (5,700 × 80%)  =   4,560

Started and Completed (58,100 -  5,700) × 100%           = 52,400

Closing Work in Process (3,100 × 70%)                           =    2,170

Equivalent units of Production for Conversion Costs    =   59,130

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3 years ago
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Answer:

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