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3 years ago

The real-balances effect suggests that a

Business

1 answer:

Anettt [7]3 years ago

8 0

Answer:

Explanation:

real-balance effects do not have to so with the valuation of financial assets.

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Accumulated Depreciation and Depreciation Expense are classified, respectively, as

Elena L [17]

Answer:

C. contra asset, expense

Explanation:

The depreciation is an expenditure indicating a decline in the value of the fixed assets due to wear and tear, obsolescence, use, time period, etc. It's shown on the income statement debit side This is a non-cash item which has no effect on the cash balance.

Whereas the accumulated depreciation is an contra asset which reduce the asset balance. It records the depreciation in arrears and reported in the asset side of the balance sheet

Equipment (XXXXX)

Less - Accumulated depreciation (XXXXX)

Net value of equipment (XXXXX)

8 0

3 years ago

Sandhill Company reports the following operating results for the month of August: sales $400,000 (units 5,000), variable costs $

spin [16.1K]

Answer:

(1) $132,000

(2) $66,000

Explanation:

Selling price per unit:

= Sales ÷ No. of units

= $400,000 ÷ 5,000

= $80

Variable cost per unit:

= variable cost ÷ No. of units

= $247,000 ÷ 5,000

= $42

Alternative 1:

Contribution margin = Sales - variable cost

= (5,000 × $80 × 1.1) - (5,000 × $42)

= $440,000 - $210,000

= $230,000

Net income = Contribution margin - Fixed cost

= $230,000 - $98,000

= $132,000

Alternative 2:

Contribution margin:

= sales - variable cost

= $400,000 - ($400,000 × 59%)

= $400,000 - $236,000

= $164,000

Net income = Contribution margin - Fixed cost

= $164,000 - $98,000

= $66,000

8 0

4 years ago

Which diagram best represents these elements of the Word window?

Orlov [11]

Answer:

Explanation:

Option B

8 0

3 years ago

The gross earnings of the factory workers for Oriole Company during the month of January are $72,000. Of the total accumulated c

Alexxx [7]

Answer:

Wages Expense $72,000 (debit)

Wages Payable $72,000 (credit)

Work In Process : Direct Labor $60,480 (debit)

Work In Process : Direct Labor $11,520 (debit)

Wages Payable $72,000 (credit)

Explanation:

The factory labor cost is a manufacturing cost and is included in product valuation.

<u>(a)Record the factory labor costs</u>

Here we have to recognize the expense incurred during the period and the liability since settlement of amount owing to workers has not yet been made

Wages Expense $72,000 (debit)

Wages Payable $72,000 (credit)

<u>(b)Assign factory labor to production</u>

Here we accumulate the cost to the Work In Process of manufacture taking not of cost classification.

Work In Process : Direct Labor $60,480 (debit)

Work In Process : Direct Labor $11,520 (debit)

Wages Payable $72,000 (credit)

8 0

4 years ago

Why is it important to gather facts from a variety of sources so you can make fair, objective decisions before delivering bad ne

snow_tiger [21]

The situation may be disturbing, but solutions should not usually be based on emotion. Your first interpretation of the situation may not be the only valid view.

Don't try to sugarcoat the truth. It's best to be open and honest about what happened and what you're going to do to make it right. Remember that your attitude and the clarity of your message are two very important factors in this conversation. Be open, clear, and honest.

Bad news can be effectively clarified and explained by communicating it directly. D. Verbal communication of bad news includes instructions for later reference by the recipient of the bad news.

It's important to be open, honest, and empathetic. Provide all the facts you have and give your employees the time they need to digest the news and ask questions. Guarantee that you will do your best.

Learn more about emotion here brainly.com/question/4692301

#SPJ4

3 0

2 years ago