Answer:
$510,000.00
Explanation:
Since the historical cost principle states that business must account and record most assets at their purchase or acquisition price which means the data put into record on the balance sheet would reflect amount paid for asset.
That is why it is $510000.
Answer:
A- Gill, a credit customer
Explanation:
A journal entry involves the process of keeping the records of business transactions made by an organization.
Journal entries are mainly used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
A sales ledger can be defined as an accounting book that comprises of the individual account of each customer of a business firm and records the money received for goods or services purchased, whether the payment has been received or not.
Simply stated, a sales ledger sequentially records all sales that have taken place in a business, whether or not payment have been received.
This ultimately implies that, a sales ledger contains accounting information on all sales transaction made by a company including, money received for its goods and services and money owed by its customers.
Hence, the account which will appear in the sales ledger is that of Gill, a credit customer.
Answer:only counting final goods
Explanation:
Answer:
$18,000
Explanation:
The computation of the amount of manufacturing overhead is shown below:
But before that first determine the overhead rate which is
= $30,000 ÷ 2,000
= $15
Now the amount of manufacturing overhead applied for Job A-101 is
= $1,200 × $15
= $18,000
Hence, the amount of applied manufacturing overhead is $18,000
A matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.
<h3>
What is a matrix?</h3>
- Teams in a matrix organization report to several leaders inside the business.
- The matrix structure promotes open communication between teams and can assist businesses in producing more creative goods and services.
<h3>What is an organizational structure?</h3>
- An organizational structure outlines how tasks are assigned, coordinated, and overseen in order to achieve organizational objectives.
- The basis upon which standard operating procedures and routines are built is provided by organizational structure.
- It decides who gets to take part in what decision-making procedures and how much their opinions influence the organization's activities.
- The lens or perspective that people use to perceive their organization and its surroundings is known as the organizational structure.
Therefore, a matrix structure is an organizational structure that assigns specialists from different functional departments to work on one or more projects.
Know more about organizational activities here:
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