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3 years ago

8

After a business transaction has been analyzed and entered in a journal, the next step in the recording process is to transfer t

he information to

1 answer:

Jlenok [28]3 years ago

3 0

After recording the transaction in journal you must record it on General Ledger.

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1) Suppose that papers for a newspaper stand cost $0.40 and sell for $0.80. They currently have no salvage value. If the stand o

lys-0071 [83]

Answer:

C) .07

Explanation:

Current cost of newspaper = C

= $0.40 / units

Current price of newspaper = P

= $0.80 / UNIT

Current salvage value = S = 0

Cost of under ordering = Cu

= P – C

= $40

Cost of over ordering = C – S

= $0.40

Critical ratio = Cu/ ( Cu + Co )

= 0.4 / ( 0.4 + 0.4)

= 0.5

Since critical ratio defines the probability of optimum demand ,

We can consider service level ( %) = Critical ratio x 100

Current service level = 50 %

When the salvage value = $0.1 ,

Cost of under ordering = Cu

= P – C

= $40

Cost of over ordering = C – S

= $0.40 - $0.1

= $0.30

Critical ratio = Cu/ ( Cu + Co )

= 0.4 / ( 0.4 + 0.3)

= 0.4/0. 7

= 0.5714

The revised service level = 0.5714 x 100 = 57.14 %

Therefore, The increase in service level is 0.07.

4 0

3 years ago

Gordon was a computer programmer for Hi-Tech Solutions, a corporation with 100 employees. He developed carpal tunnel syndrome an

malfutka [58]

Answer:

Gordon and Hi-Tech Solutions

Under these circumstances, Gordon is entitled to reasonable accommodations, which his employer can offer him, under the ADA. The accommodations may involve assigning him to work that may not require the use of a keyboard to type and ensuring that he does not lose his position as a result of his physical condition.

Explanation:

Protections are offered to workers like Gordon who develop physical or mental disabilities prior to and during employment under the Americans with Disabilities Act. It attempts to ensure that Americans with disabilities are not put to disadvantage or out of employment because of their disabilities. Instead, reasonable accommodations are offered to such workers to ensure that they can continue to earn a living.

7 0

2 years ago

Accounts receivable $ 28,500 Long-term notes payable $ 23,000 Accounts payable 16,200 Office supplies 4,000 Buildings 51,000 Pre

Rus_ich [418]

Answer:

Chavez Company's current ratio = 2.202

Explanation:

CLASSIFYING THE BALANCE SHEET ACCOUNTS OF CHAVEZ COMPANY'S

CURRENT ASSETS – 44,040

• Cash 7,500

• Accounts receivable 28,500

• Prepaid insurance 4,040

• Office supplies 4,000

LONG-TERM ASSETS – 51,000

• Buildings 51,000

CURRENT LIABILITIES – 20,000

• Accounts payable 16,200

• Unearned services revenue 3,800

LONG-TERM LIABILITIES – 23,000

• Long-term notes payable 23,000

Current Ratio = Current Asset (CA) / Current Liabilities (CL)

Current Ratio = 44,040 / 20,000

Current Ratio = 2.202

7 0

3 years ago

Jellyfish Machine Shop is a manufacturer of motorized carts for vacation resorts. Patrick Cullin, the plant manager of Jellyfish

Iteru [2.4K]

Answer:

1.The normal spoilage rate is 15%

2.a The journal entry to record the normal spoilage, assuming The spoilage is related to a specific job is the following:

Material Control A/c Dr. $ 1,410

To Work in progress control (Job # 10) A/c Cr. $ 1,410

b. The journal entry to record the normal spoilage, assuming The spoilage is common to all jobs is the following:

Material Control A/c Dr. $ 1,410

Manufacturing overhead control A/c Dr. $ 5,190

To Work in progress control (Job # 10) A/c Cr. $ 6,600

c. The journal entry to record the normal spoilage, assuming The spoilage is considered to be abnormal spoilage is the following:

Material Control A/c Dr. $ 1410

Loss from Abnormal spoilage A/c Dr. $ 5190

To Work in progress control (Job # 10) A/c Cr. $ 6600

Explanation:

1.In ordert to calculate the normal spoilage rate we would have to use the following formula:

normal spoilage rate= (6 spoiled units / 40 good units)

= 0.15

= 15%

The normal spoilage rate is 15%

2.a Material Control A/c= 6 spoiled units * 235 per unit=$ 1,410, Therefore, the journal entry to record the normal spoilage, assuming The spoilage is related to a specific job is the following:

Material Control A/c Dr. $ 1,410

To Work in progress control (Job # 10) A/c Cr. $ 1,410

b. Material Control A/c= 6 spoiled units * 235 per unit=$ 1,410

Manufacturing overhead control A/c= [6 spoiled units * ($1,100 - $235) per unit]=$ 5,190, Therefore, the journal entry to record the normal spoilage, assuming The spoilage is common to all jobs is the following:

Material Control A/c Dr. $ 1,410

Manufacturing overhead control A/c Dr. $ 5,190

To Work in progress control (Job # 10) A/c Cr. $ 6,600

c. Material Control A/c= 6 spoiled units * 235 per unit=$ 1,410

Loss from Abnormal spoilage A/c=[6 spoiled units * ($1,100 - $235) per unit]=$ 5,190, Therefore, the journal entry to record the normal spoilage, assuming The spoilage is considered to be abnormal spoilage is the following:

Material Control A/c Dr. $ 1410

Loss from Abnormal spoilage A/c Dr. $ 5190

To Work in progress control (Job # 10) A/c Cr. $ 6600

5 0

3 years ago

Yesterday, an automobile dealership sold exactly 15 vehicles for a total of $225,000. Did at least one of the vehicles sell for

Lubov Fominskaja [6]

Answer:

Option A is correct

Explanation:

In the question above, we have:

15 vehicles sold for $225,000, therefore, the average price was $225,000/15 = $15,000

A. The median price for the 15 vehicles was $13,000.

If the median price was $13,000, this means that half the cars were at that price or below. For every car that was below $13,000, there has to be a car above $17,000 to balance it out, to make the average stay at $15,000. If half the cars are below $13,000 and the highest cars are not above $16,500, then it would not be possible to have an average of $15,000. This statement implies that at least one car is above $17,000, and therefore has to be above $16,500. This answers to the question. This statement is sufficient.

6 0

3 years ago