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horsena [70]
3 years ago
5

During January, its first month of operations, Dieker Company accumulated the following manufacturing costs; raw materials $4,80

0 on accounts, factory labor $7,900 of which $5,400 relates to factory wages payable and $2,500 relates to payroll taxes payable, and utilities payable $2,700.
Prepare separate journal entries for each type of manufacturing cost.
Business
1 answer:
aev [14]3 years ago
6 0

Answer:

J1

Work - In - Process $4,800 (debit)

Raw Materials $4,800 (credit)

J2

Work - In - Process $7,900 (debit)

Salaries and Wages Payable $5,400 (credit)

Payroll taxes payable $2,500 (credit)

J3

Work - In - Process $2,700 (debit)

Utilities Payable $2,700 (credit)

Explanation:

All cost accumulations to be done in the Work - In - Process Account.

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Calculate the future value of $7,000 in four years at an interest rate of 8% per year.
OLga [1]

The Future value is $9523.42. Future value is the amount of money that, when invested now at an interest rate, will eventually grow to be.

<h3>What is the Future Value of Money?</h3>

Future value is the amount of money that, when invested now at an interest rate, will eventually grow to be.

Calculation of Future value

Present Value = $7,000     interest rate = 8%     Time = 4 years

FV = Future Value                PV = Present Value

FV=PV(1+i)ⁿ

FV= 7,000(1+0.8)⁴= $9,523.42

Thus, the Future Value of $7,000 for four years is $9523.42.

Learn more about Future Value here:

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4 0
2 years ago
Knowing the uses of Word can help people make decisions on how best to navigate the application.
andrezito [222]

Answer:

articles

reports

books

brochures

Explanation:

A word is a processing software in which we can make the best use to prepare articles, reports, books or booklets, brochuers, etc. It is best for editing the documents

There are various features in a word through we can make these things as discussed above

For making the spreadsheet we use the excel and for making the presentations we use power point

Therefore these two would not come under the word processor

Hence, the first four options are correct

5 0
3 years ago
Read 2 more answers
Until January 1, 2012, the price for ethanol consumers in the United States was higher than world free-market price by $0.54 per
Bad White [126]

Answer:

Specific tariff

Explanation:

Specific tariff - it is referred to as the charge that is imposed by the US government on any imported item. it is applied per unit items. it can be considered as the tax that the US government levied on import items. it is referred to as a trade barrier focus to reduce the amount of import from tie-up countries

Fir above context, $0.54 as import tax is applied by the US government on imports of ethanol.

8 0
3 years ago
What type of economy is an economic system in which private businesses can operate freely with minimal state control?Henry lives
Sonja [21]

Answer:

Private business freedom : Capitalist or Market Economy. Henry is more likely in Socialist Economy.

Explanation:

Economy type in which private sector has full freedom, un-intervened by government or state control is Capitalist or Market Economy. Profit maximisation motive & high consumer choice, sovereignity such economy's main features.

Henry's country which gives incentives to reallocate production choice 'what to produce' (from consumer goods to military goods). He has more efficient idea for work implementation, but lacks incentive (probably due to lack of creative & innovative ideas reward). These features characterise a Socialist Economy, in which government or state has supreme power over central economic decisions. Social welfare is considered priority, government monopoly curbs innovation & creativity, there is less consumer choice, sovereignity.

3 0
3 years ago
a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resou
aleksley [76]

A cash cow is a portfolio business that generates operating cash flows over and above internal requirements, thereby providing financial resources that may be used to <u>finance new acquisitions, fund share buyback programs, or pay dividends.</u>

What is portfolio?
A portfolio is a group of financial investments such as stocks, bonds, commodity markets, cash, and cash equivalents, which may include closed-end funds and exchange traded funds (ETFs). People commonly believe that stocks, securities, and cash form the foundation of a portfolio. While this is frequently the case, it does not have to be the rule. A portfolio may include a diverse range of assets, such as real estate, art, and investments.

You can hold and manage your portfolio a do, or you can have it managed by a money manager, money manager, or another finance professional.

Therefore, the correct option is (B) cash cow
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7 0
1 year ago
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