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enot [183]
3 years ago
13

Libby Company manufactures a single product by a continuous process, involving the production departments. The records indicate

that direct materials, direct labor, and applied factory overhead for Department 1 were $160,000, $125,000, and $150,000, respectively. The journal entry to record applied factory overhead is
Business
1 answer:
svlad2 [7]3 years ago
7 0

Answer:

Work In Process Account $150,000 (debit)

Overheads $150,000 (credit)

Explanation:

Overheads are included in Work In Process Account at their Applied Amounts .Thus a <em>Debit</em> in Work In Process Account and a <em>Credit</em> in Overheads Account is required for this entry.

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Your company is considering the replacement of an old delivery van with a new one that is more efficient. The old van cost $40,0
Helen [10]

Answer:

$51,164

Explanation:

The project's terminal cash flow is basically the cash flow of the project's last year.

depreciable value = $80,000 + $6,000 - $23,031 = $62,969

depreciation expense per year = $62,969 / 5 = $12,593.80 per year

net cash flow year 5 = [(savings - depreciation expense) x (1 - tax rate)] + depreciation expense + salvage value + recovery of net working capital = [($28,000 - $12,593.80) x (1 - 35%)] + $12,593.80 + $23,031 + $5,525 = $51,163.83 ≈ $51,164

7 0
2 years ago
or due to his success at his current company in getting several new patents. This is an example of ________ capital.
Ket [755]

Complete Question:

Cesar was being recruited by a competitor due to his success at his current company in getting several new patents. This is an example of ________ capital.

Group of answer choices

A) social

B) customer

C) human

D) intellectual

E) financial

Answer:

D) intellectual

Explanation:

In this scenario, Cesar was being recruited by a competitor due to his success at his current company in getting several new patents. Therefore, this is an example of intellectual capital because he was recruited based on his intangible assets which made him excel or succeed.

An intellectual capital can be defined as the value or intangible assets such as skills, copyright, trademarks, experience, patents, knowledge provided by the employees working in an organization and thus, giving the organization a competitive advantage over their rivals in the same industry, as well as earn more profits, increase their customer base and creation of quality products.

5 0
2 years ago
Over the past year, you earned a nominal rate of interest of 10% on your money. The inflation rate was 5% over the same period.
zimovet [89]

Answer:

exact actual growth rate of your purchasing power was 4.8%

Explanation:

given data

nominal rate of interest = 10%

inflation rate =  5%

solution

we get here exact actual growth rate that is express as

exact actual growth rate = \frac{1+rate\ of\ interest}{1+inflation\ rate} - 1      ..........................1

put here value and we will get

exact actual growth rate = \frac{1+0.10}{1+0.05} - 1

exact actual growth rate = 4.8 %

so here exact actual growth rate of your purchasing power was 4.8%  

3 0
2 years ago
Swifty Industries had the following inventory transactions occur during 2014: Units Cost/unit 2/1/20 Purchase 55 $46 3/14/20 Pur
kykrilka [37]

Answer:

$3,785

Explanation:

FIFO Inventory valuation method requires that the Inventory which is purchased first should be sold first and inventory Purchased at last should be sold at last.

As we know Gross profit is the Net of Sales and Cost of Goods Sold.

Sales                            $9,800

Cost of Goods Sold    <u>($6,015)</u>

Gross Profit                  <u>$3,785</u>

All workings are made in an MS Excel File, which is attached with this answer Please find it.

Download xlsx
5 0
2 years ago
The manager of a local grocery store introduces a short conveyor belt that allows customers to place items on it prior to checki
goblinko [34]

This change is an example of the <u>"Ergonomic"</u> approach to job design.


"Job design" alludes to the way that an arrangement of assignments, or a whole job, is composed. Job design decides:  

What tasks are finished.  

How the tasks are finished.  

What number of tasks are finished.  

In what arrange the tasks are finished.  

A well designed job will energize an assortment of 'good' body positions, have sensible quality necessities, require a sensible measure of mental movement, and help cultivate sentiments of accomplishment and confidence.  

Ergonomics is the art of coordinating the job to the laborer and the item to the client.

4 0
3 years ago
Read 2 more answers
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