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Colt1911 [192]
3 years ago
11

​fresh harvest company, which is based on georgia, packages and sells vegetables. jack, who is a resident of north carolina, buy

s a fresh harvest product, eats it, and suffers severe food poisoning. jack wants to file a suit against fresh harvest. the diversity of citizenship between these parties means that
Business
1 answer:
erastovalidia [21]3 years ago
7 0
<span>This means that the two states involved will lead to concurrent jurisdiction between the federal and state courts. This could lead to Jack looking for the court that will give him the most favorable ruling against the business for selling a defective product.</span>
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dditional Information Accrued sales salaries amount to $2,400. Prepaid selling expenses of $2,100 have expired. A physical count
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Answer:

A) Adjusting entries:

Dr Sales salaries expense 2,400

    Cr Sales salaries payable 2,400

Dr Selling expenses 2,100

    Cr Prepaid selling expenses 2,100

Dr Cost of goods sold 3,700

    Dr Merchandise inventory 3,700

B) prepare the closing entries

Dr Sales revenue 550,900 (net = $557,000 - $19,900 - $6,200)

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Dr Income summary 484,200

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    Cr Sales salaries expense 62,400 (net = $60,000 + $2,400)

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Dr Income summary 66,700 (= $550,900 - $484,200)

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Dr Retained earnings 45,000

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Answer:

D

Explanation:

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Preparing an Overhead Budget Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first 3 months of the c
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Answer:

January:

Total overhead= $11,948

February:

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March:

Total Overhead= $13,302.5

Explanation:

Giving the following information:

Budgeted direct labor hours for the first 3 months of the coming year are:

January= 13,140

February= 12,300

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The variable overhead rate is $0.70 per direct labor hour. Fixed overhead is budgeted at $2,750 per month.

To calculate the total overhead for each month, we need to sum the total variable overhead and the fixed overhead. <u>Total variable overhead is the result of applying the variable overhead rate multiplicated with the direct labor hour.</u>

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January:

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February:

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March:

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