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3 years ago

Bebe Rexha has AGI of $100,000 and makes the following expenditures:

Business

1 answer:

shutvik [7]3 years ago

7 0

Answer:

$31000 will be allowed as expenditure

Explanation:

given data

Wheelchair = $10,000

Whirlpool bath = $10,000

Maintenance = $1,000

Increased utility bills = $1,000

various home modifications = $10,000

solution

as here value of the home increased = $1000

and that is increaed utility bill of the whirlpool

so that expenditure will be added to value of asset

total expenditure is = $10000 + $10000 + $10000 + $1000 = $31000

so $31000 will be allowed as expenditure

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Answer:

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3 years ago

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3 years ago

Talbot Riding Stables provides stables, care for animals, and grounds for riding and showing horses. The account balances at the

Goshia [24]

Answer:

See answers below in the explanation

Explanation:

Journal Entries :

Journals

<u>Date Account and Explanation Debit Credit </u>

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(Record earned revenue)

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Service Revenue* 62300

(Record earned revenue)

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(record purchase of supplies on credit)

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Cash 7400

(record purchase of supplies

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Cash 14200

Record Payment of previous wages

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Cash 112000

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cash 15100

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cash 73000

(record payment of account)

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Interest Payable 2700

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i No journal entry required

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cash 17000

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3 years ago

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3 years ago

Read 2 more answers

Gilson Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and

Ann [662]

Answer:

a. $2,020 Favorable

Explanation:

The computation of spending variance for direct materials in April is shown below:-

For computing the spending variance for direct materials in April first we need to find out the actual price per unit which is here below:-

Actual price per unit = Actual direct material ÷ Actual units purchased

= $49,086 ÷ $5,060

= $9.70

Spending variance for direct materials in April = (Actual price per unit - Standard price per unit) × Actual quantity

= ($9.70 - $10.10) × 5,060

= -$0.4 × 5,060

= $2,024 Favorable

which is closest to $2,020 Favorable.

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3 years ago