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
FinnZ [79.3K]
2 years ago
6

If the factory overhead is underapplied, then the adjusting journal entry to close the factory overhead account includes a: (Che

ck all that apply.)\
Business
1 answer:
Ymorist [56]2 years ago
5 0

Answer:

Debit to cost of goods sold and credit to factory overhead

Explanation:

Here we are interested in knowing the appropriate journal entry when the factory overhead is under applied.

What happens to the factory overhead journal in this case is that the we should have an adjusting journal entry.

The adjusting journal entry here is that we debit cost of goods sold and credit factory overhead

You might be interested in
Suppose the 2017 adidas financial statements contain the following selected data (in millions).
Lera25 [3.4K]

Answer:

(A) net working capital = 1,510

(B) current ratio = 1.49

(C) debt to assets = 54.6153%

Explanation:

working capital

current assets - current liabilities

4,570 - 3,060 = 1,510

current ratio

current assets / current liab

4570/3060 = 1.493464052

(c) debt to assets

total liab/ total assets

4,544/8,320 = 54.6153%

4 0
3 years ago
Currency held outside banks is $200 billion, money market mutual funds (retail) are $10 billion, small-denomination time deposit
ratelena [41]

Answer:

M2 = $470 billion.

Explanation:

M2 = Currency + Money market mutual fund + Time deposits + Saving deposits

M2 = 200 billion + 10 billion + 40 billion + 220 billion

M2 = $470 billion.

M2 is a calculation of the money supply that includes all elements of M1 as well as "near money"

3 0
2 years ago
Mike and David signed a loan agreement together to borrow money for a boat. If David leaves town and cannot be found, what happe
iren [92.7K]
<span>I this case, the loan is still valid and at that point Mike would be responsible for finding a way to pay the loan back as agreed upon in the contract. This is called co-signing, when two parties both sign for a loan together. Both parties are responsible for the loan and even though David cannot be found, the loan must still be paid and Mike would be held responsible for this.</span>
4 0
3 years ago
Read 2 more answers
Each month a company can rent capital for $7.500 per unit and can hire workers for $2.500 each Currently me company is using 4 u
Sophie [7]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
A Soviet interpretation of this poster would claim that
andrew-mc [135]
<span>A Soviet interpretation of this poster would claim that
</span>
Americans are practicing economic imperialism
so correct option i conclude is A
hope it helps
8 0
3 years ago
Read 2 more answers
Other questions:
  • "An adolescent is to receive radioactive iodine for Graves' disease. Which statement by the client reflects the need for more te
    5·1 answer
  • Rank the following instruments in terms of credit risk. In your rankings, use 1 for the greatest credit risk and 4 for the small
    5·1 answer
  • The bill for your automobile repairs was $335. The cost for labor was $45 per hour. The cost for materials was $110. How many ho
    15·2 answers
  • A demand curve for the steel porcupines' concert tickets would show the:
    14·1 answer
  • Which one of the following is NOT one of the four essential elements of any project? a. Common project vocabulary b. Project tea
    15·1 answer
  • At one time there were many farm cooperatives, but more recently other forms of business ownership have replaced them. True
    8·1 answer
  • The date on which to measure the compensation element in a stock option granted to a corporate employee ordinarily is the date o
    14·1 answer
  • ________ is seen as a way to stimulate gains in economic efficiency by giving owners a powerful incentive—the reward of greater
    9·1 answer
  • A situation in which some resources are NOT fully utilized is represented in a
    8·1 answer
  • A salesclerk describes the features and benefits of a smart phone.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!