Please help me ill give brainliest to anyone who does this right:3

Question 6 of 10<br>3 Points<br>A body of the letter is composed of the:

baherus [9]

Answer:

Introduction

The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).

5 0

3 years ago

A. On April 1, the company retained an attorney for a flat monthly fee of $3,500. Payment for April legal services was made by t

andrezito [222]

Answer:

Journal Entries for April and May

a. April 30:

Debit Legal Fee Expense $3,500

Credit Legal Fee Payable $3,500

To record the legal fee expense for April.

May 12:

Debit Legal Fee Payable $3,500

Credit Cash $3,500

To record the payment of April legal fee.

b. April 30:

Debit Interest Expense $2,430

Credit Cash $1,620

Credit Interest Expense Payable $810

To record accrued interest expense

May 20:

Debit Interest Expense Payable $810

Credit Cash $810

To record the payment of accrued interest.

c. April 30:

Debit Salary Expense $5,600

Credit Salary Expense Payable $5,600

To record the salary expense for 2 days accrued.

May 3:

Debit Salary Expense Payable $5,600

Debit Salary Expense $8,400

Credit Cash $14,000

To record the payment of salary for the week.

Explanation:

We have used the journal entries to adjust accrued expenses and also to record the actual payment when they occur. Journal entries help to record transactions as they occur and to make adjustments at the end of the accounting period so that accruals, prepayments, deferred revenue, and depreciation expense are properly recorded when they occur and not when payment is made.

4 0

3 years ago

At a total cost of $5,600,000, Herrera Corporation acquired 280,000 shares of Tran Corp. common stock as a long-term investment.

Volgvan

Answer:

1.

Date Account title Debit Credit

Dec. 31 Investment in Tran Corp. $210,000

Investment Income $210,000

Working:

Herrera owns 280,000 out of 800,000 Tran Corp shares so they will recognize:

= 280,000/800,000 * 600,000

= $210,000 of Tran Corp. net income.

2.

Date Account title Debit Credit

Dec. 31 Cash $140,000

Investment in Tran Corp. $140,000

Working

Cash received as dividend = 0.5 * 280,000 share

= $140,000

6 0

3 years ago

A yield can be paid in the form of?

Helga [31]

Answer:

both a and b

Explanation:

3 0

3 years ago

Horten Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the same facility to make

Aneli [31]

Answer:

Horten Sporting Goods Corporation

TR BR

a. Cost per unit $66.98 $62.08

b. Price of Badminton Racquets = $80.70

Explanation:

a) Data and Calculations:

Tennis Badminton

Racquets Racquets

Units produced 70,000 30,000

Direct costs:

Direct materials $17.10 per unit $14.80 per unit

Direct labor 33.50 per unit 23.10 per unit

Category Estimated Cost Driver Amount of Cost Driver

Cost TR BR Total

Unit level $736,000 Number of inspection hrs 15,900 7,100 23,000

Batch level 353,800 Number of setups 83 39 122

Product level 152,500 Number of TV commercials 4 1 5

Facility level 630,000 Number of machine hrs 30,600 39,400 70,000

Total $1,872,300

Overhead Rates:

Inspection = $32 ($736,000/23,000) per inspection hour

Equipment setup = $2,900 (353,800/122) per equipment setup

TV commercials = $30,500 ($152,500/5) per commercial

Depreciation = $9 ($630,000/70,000) per machine hour

Overhead Allocation:

TR BR Total

Inspection = $32 $508,800 $227,200 $736,000

($32*15,900) ($32*7,100)

Equipment setup = $2,900 240,700 113,100 353,800

($2,900*83) ($2,900*39)

TV commercials = $30,500 122,000 30,500 152,500

($30,500 *4) ($30,500 *1)

Depreciation = $9 275,400 354,600 630,000

($9 * 30,600) ($9 * 39,400)

Total allocated expenses $1,146,900 $725,400 $1,872,300

Units produced 70,000 30,000

Overhead cost per unit $16.384 $24.18

Cost per unit:

TR BR

Direct materials $17.10 $14.80

Direct labor 33.50 23.10

Overhead cost 16.38 24.18

Total cost per unit $66.98 $62.08

Cost of Badminton = $62.08

30% markup = 18.62

Price = $80.70

7 0

3 years ago