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jok3333 [9.3K]
3 years ago
8

Department 1 completed work on 500 units and transferred them to Department 2. The cost of the units wasâ $750. What is the jour

nal entry to record theâ transfer? Date Accounts and Explanation Debit Credit A. Work-in-Process Inventory-Dept. 1 750 Work-in-Process Inventary-Debit. 2 750 B. Work-in-Process Inventory-Dept. 2 750 Work-in-Process Inventary Debit. 1 750 C. Work-in-Process Inventary-Dept. 2 750 Cost of Goods Sold 750 D. Cost of Goods Sold 750 Work-in-Process Inventory-Dept. 1 750
Business
1 answer:
horsena [70]3 years ago
4 0

Answer:

B. Work-in-Process Inventory-Dept. 2 750 Work-in-Process Inventary Debit. 1 750

Explanation:

The journal entry to record this transaction is shown below:

Work-in-Process Inventory A/c - Department 2 $750

               To Work-in-Process Inventory A/c - Department 1 $750

(Being the completed units are transferred)

For recording this transaction we debited the work in process department 2 and credited the work in process department 1

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Fill in the missing numbers for the following income statement. (Do not round intermediate calculations.)
Morgarella [4.7K]

Answer:

a. $205,236

b. $24,888

Explanation:

a. The computation of OCF is shown below:-

EBIT = Sales - Cost - Depreciation

= $668,600 - $431,300 - $103,700

= $133,600

Net income = EBIT - Taxes

= $133,600 - ($133,600 × 24%)

= $133,600 - $32,064

= $101,536

Operating cash flow = EBIT - Taxes + Depreciation

= $133,600 - $32,064 + $103,700

= $205,236

b. The computation of depreciation tax shield is shown below:-

Depreciation tax shield = Depreciation × Tax

= $103,700 × 24%

= $24,888

4 0
4 years ago
Other things being​ equal, demand is less elastic A. the smaller the percentage of a total budget that a family spends on a good
telo118 [61]

Answer:

The correct answer is letter "D": the more substitutes a good has.

Explanation:

Price elasticity of demand is the result of the relation between changes in price and quantity demanded for a good or service. <em>Price elasticity of demand is calculated dividing the percentage change in quantity demanded by the percentage change in price.</em> If the result is equal to or greater than 1, the demand is elastic. This situation implies a minimum change in price will affect by far the quantity demanded of that good or service.

Thus,<em> products with many substitutes are elastic because a minimal change in their price would represent a large change in quantity demanded since consumers will find similar products that satisfy their needs in the same proportion.</em>

3 0
4 years ago
You are assigned to resolve a conflict between two departments of an organization. Both parties have equal power. Both parties a
Trava [24]

Answer:

The answer is d. Compromising

Explanation:

Compromising conflict style attempts to balance the needs of both or all sides in a conflict by encouraging everyone to give in on at least some points.

5 0
3 years ago
The sales department at Delta Corp. has devised a set of rules for its employees. All the employees are required to be in the of
KIM [24]

Answer:

d) Norms

Explanation:

A norm is an informal guideline that dictates expectations in an organization. They inform members what is considered correct or incorrect in that specific business. Norms express the collective expectations that members of an organization have from each other.  Not all companies will have their norms written.

In many organizations, norms are essential aspects of the organizational culture. They dictate how things are done in that company. Norms help new members adapt to the organization smoothly. They explain relationships between employees and fellow employees, employees and jobs, and employees and superiors.

4 0
4 years ago
A pharmacist stocks only one particular brand of acetaminophen, a popular pain-relief drug. Even if his customers prefer other p
Alja [10]

Answer:

d. right to choose

Explanation:

By not presenting any other alternatives for acetaminophen, the pharmacist is violating the consumers' right to chose. According to this right, consumers should be provided with a variety of options of products at a satisfactory quality and competitive prices, which does not occur if they only have one brand to choose from.

The answer is alternative d. right to choose

5 0
3 years ago
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