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4 years ago

What does a hanging indent look like?

2 answers:

8 0

What does a hanging indent look like? The first line of your reference citation will line up with the left margin and each line after will be indented one-half inch from the left margin. It basically is opposite of a normal paragraph where you indent the first line.

Tcecarenko [31]4 years ago

6 0

The first line of your reference will line up with the left margin and each line after will be indented one-half inch from the left margin. It basically is opposite of a normal paragraph where you indent the first line.

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During 2019, Zigma Company earned service revenue amounting to $800,000, or which $645,000 was collected in cash; the balance wi

timofeeve [1]

Answer:

$800,000

Explanation:

Given that;

Sales revenue = $800,000

Cash collected = $645,000

Remaining amount cash collected in January = $155,000

And the delivery of goods is $11,100

Here, since the service revenue earned is $800,000 and same amount would be reported under the income statement, other items given would be ignored.

It therefore means that the sum of $800,000 should be the 2019 income statement report for service revenue.

8 0

3 years ago

Which of the following would be reported on a statement of cash flows as a financing activity?

vladimir1956 [14]

Answer:

C. Purchase of treasury stock

Explanation:

The purchase of treasury stock results in a change in the stockholder's equity and as such is recognized as a financing activity in the statement of cash flows.

For the other options, amortization expense is a non-cash item and is adjusted for in the net cash flows from operating activities.

Collection of notes receivable is a change in current assets hence it is reported under net cash flows from operating activities.

Sale of equipment is reported under net cash flows from investing activities.

Hence the right option is C. Purchase of treasury stock.

4 0

4 years ago

Select the correct answer.

antoniya [11.8K]

Answer: $152,210

Explanation:

The net income is the income that remains after the expenses has been deducted from the revenue.

Clean123 Inc.'s net income will be calculated as:

Service revenue = $193,750

Less: Salaries expense = $26,900

Less: rent expense = $14,640.

Net income = $152,210

Therefore, the net income is $152210

8 0

3 years ago

Harrison Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead ra

Ivenika [448]

Unit Product cost: Rascon = $72.62 (approx.)

Parcel = $30.78 (approx.)

Unit product cost under traditional cost accounting:

In the traditional cost accounting system, manufacturing overhead is allocated to products based on direct labour hours. The rate per labour hour is calculated as follows:

Total expected overhead $866,000

Total direct labour hours:

Rascon (0.90 hours × 32,000 units) 28,800 hours

Parcel (0.40 hours × 119,000 units) 47,600 hours

Total direct labour hours =76,400 hours

Manufacturing overhead rate per direct labour hour= $866,000 / 76,400 = $11.3351 (approx.)per direct labour hour

Unit Product Cost is the sum of per unit direct material cost, direct labour cost and allocated overhead as follows:

Rascon Parcel

Direct material $29.70 $22.90

Direct labour $28.80 $4.40

Manufacturing Overhead (0.90 × $11.3351) (0.40 × $11.3351)

$10.20159 $4.53404

Total $68.70159 $31.83404

Answer: Unit Product cost: Rascon = $68.70 (approx.)

Parcel = $31.83 (approx.)

Total expected overhead allocated on the basis of direct labour hours $433,000

Total direct labour hours:

Rascon (0.90 hours × 32,000 units) 28,800 hours

Parcel (0.40 hours × 119,000 units) 47,600 hours

Total direct labour hours =76,400 hours

Manufacturing overhead rate per direct labour hour= $433,000 / 76,400 = $5.6675 (approx.)per direct labour hour

Total expected overhead on the basis of Engineering design time $433,000

Engineering design time:

Rascon 5,800 hours

Parcel 2,900 hours

Total time =8,700 hours

Manufacturing overhead rate = $433,000 / 8,700 = $49.7701 (approx.)

Learn more about Cost per Unit brainly.com/question/27853679

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5 0

1 year ago

Ryan sends Michael a letter of intent for the purchase of a tract of land. The letter of intent outlines the purchase price, the

Diano4ka-milaya [45]

Answer:

The correct answer is b. The letter of intent is an invitation to negotiate, which is not an offer.

Explanation:

The letter of intent is a document that is written as a pre-agreement between two people or two entities that have the commitment and the intention to proceed further and formalize a contract. They resemble a contract, but unlike these, it is not binding.

We may think that the fact that the letter of intent is not binding makes it lose its value or its usefulness as a practical tool. But the reality is that it serves as proof of will, and such proof may be sufficient proof for other clients or other participants to decide to withdraw.

In addition, the letter of intent itself implies the existence of a negotiation, where those easier questions usually appear, by mutual agreement. Leaving for the real contract, those more complex issues that require more negotiation.

6 0

3 years ago

What does a hanging indent look like? ​

What does a hanging indent look like?