1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
seraphim [82]
3 years ago
5

During June, Buttrey Corporation incurred $73,000 of direct labor costs and $13,000 of indirect labor costs. The journal entry t

o record the accrual of these wages would include a:
Business
1 answer:
QveST [7]3 years ago
4 0

Answer:

                                                            Dr.             Cr.

Work in process                             $73,000

Manufacturing overhead                $13,000

Account Payable                                              $86,000

Explanation:

The Direct cost are those which are directly attributable to the product or service under consideration. Indirect cost are those which cannot be directly assigned to product or service cost. All the direct cost is added to the work in process account and indirect cost are included in the manufacturing overhead account.

You might be interested in
A company has $99,000 in outstanding accounts receivable and it uses the allowance method to account for uncollectible accounts.
quester [9]

Answer:

Dr Bad debt expense 3,070

    Cr Allowance for doubtful accounts 3,070

Explanation:

$99,000 in accounts receivables

4% is considered bad debt

$99,000 x 4% = $3,960

the current balance for allowance for doubtful accounts = $890 (credit)

the adjusting entry for allowance for doubtful accounts = $3,960 - $890 = $3,070

the journal entry should be:

Dr Bad debt expense 3,070

    Cr Allowance for doubtful accounts 3,070

the final balance of the allowance for doubtful accounts = $3,070 + $890 = $3,960

7 0
3 years ago
All else constant, the weighted average cost of capital for a risky, levered firm will decrease if:__________
Rainbow [258]

All else constant, the weighted average cost of capital for a risky, levered firm will decrease if Increase in the outstanding debt of the company's yield to maturity Decrease in the tax rate of the company.

<h3>How does preferred stock affect the weighted average cost of capital?</h3>

Preferred stock, one of the equity forms, can be issued to lower a company's cost of capital because it is less expensive than common stock. Average Weighted Cost of Capital The weighted average cost of capital, or WACC, is one of the core ideas in corporate finance.

<h3>How much does preferred stock cost?</h3>

The Weighted Average Cost of Capital is also computed using the price of preferred shares. The Weighted Average Cost of Capital (WACC) of a company is a measure of its blended cost of capital, which includes equity and debt.

<h3>The weighted average cost of capital is influenced by what outside variables?</h3>

Corporate tax rates, the state of the economy, and market circumstances are some other outside variables that might impact WACC. The average after-tax cost of a company's multiple capital sources is known as the weighted average cost of capital (WACC). It consists of bonds, other debt, common stock, and preferred stock.

Learn more about Cost of Preferred Stock:

brainly.com/question/17188018

#SPJ4

4 0
1 year ago
Oaktree Company purchased new equipment and made the following expenditures:
const2013 [10]

Answer:

                                  Cr.          Dr.

Equipment            $66,880

Account Payable                  $62,600

Cash                                      $4,280

Explanation:

All the costs incurred to make asset usable should be capitalised.

Equipment Cost = Purchase Price + Sales Tax + Freight Charges + Insurance Charges + Installation

Equipment Cost = $59,000 + $3,600 + $840 + $1,040 + $2,400

Equipment Cost = $66,880

4 0
3 years ago
how entrepreneurs that operate in the sharing economy use creative thinking to develop and improve businesses?
liq [111]

Answer:

To find out future needs and trends.

Explanation:

Entrepreneurs use creative thinking to develop and improve businesses by analyzing the future needs and trends that will follow by the people so by knowing future needs and trends, the entrepreneurs started to invest in those needs and products which give him a good profit in the future and in this way the creative mind of Entrepreneurs helps in the generating of employment as well as boosting the economy of the country.

3 0
2 years ago
The following data apply to Benevento Industries, Inc. (BII): Value of operations $1,000 million Short-term investments $100 mil
Serhud [2]

Answer: $7

Explanation:

Firstly, we'll calculate the equity which will be:

= Value of operations - Value of debt

= $1000 - $300

= $700

Then, the intrinsic price will be:

= Equity/Number of shares

= $700/100

= $7

Therefore, the intrinsic per share stock price immediately after the distribution will be $7

3 0
2 years ago
Other questions:
  • Where is information on storage requirements for the investigational product usually found?
    5·1 answer
  • Entrepreneurs drive innovation in a free-market system by introducing ________.
    8·1 answer
  • The budget is one of the three values of earned value management and is also known as _____. a. actual cost b. indirect cost c.
    9·1 answer
  • Wayne, Inc., wishes to expand its facilities. The company currently has 5 million shares outstanding and no debt. The stock sell
    6·1 answer
  • EBook
    9·1 answer
  • Carla and Eliza share income equally. For the current year, the partnership net income is $40,000. Carla made withdrawals of $12
    10·1 answer
  • What is potentially problematic about using religious symbols in<br> advertisements?
    6·2 answers
  • Rachel's Recordings reported net income of $250,000. Beginning balances in Accounts Receivable and Accounts Payable were $18,000
    15·1 answer
  • Which of these people is a worker in a service industry?
    11·2 answers
  • The selling of Busch Entertainment, a theme park unit that owns SeaWorld, by Belgium-based AB InBev after the acquisition of Anh
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!