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3 years ago

Jon is always willing to trade one can of Coke for one can of Sprite, or one can of Sprite for one can of Coke.

Business

1 answer:

marshall27 [118]3 years ago

7 0

Answer:

For each can of soda he gets one in return.

Explanation:

If he gets one soda for another the logical answer is that for each trade he gets a soda but it also could mean that those are his two favorite.

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The standard quantity allowed for the units produced was 4000 pounds, the standard price was $2.50 per pound, and the materials

Anika [276]

Answer:

Unites actually produced = 4,000 units

Explanation:

Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.

It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price

Material quantity variance in unit = Materials quantity variance in value /standard price

Material quantity variance in unit = 350/2.50 =140 pounds

Actual quantity used (in pounds) = standard quantity allowed - Material quantity variance

= 4000 - 140 = 3,860 pounds

Actual units produced = Standard quantity allowed/ standard quantity per unit

= 4,000/1 = 4000 units

Unites actually produced = 4,000 units

6 0

4 years ago

Gideon Company uses the allowance method of accounting for uncollectible accounts. On May 3, the Gideon Company wrote off the $2

VARVARA [1.3K]

Answer:

a. First set of entries:

Debit: Accounts receivable with $2,000

Credit: Bad debt expenses with $2,000

b. Second set of entries:

Debit: Cash with $2,000

Credit: Account receivables $2,000

Explanation:

These entries will appear as follows in the book Gideon Company on July 10:

Details DR ($) CR ($)

Accounts receivable 2,000

Bad debt expenses 2,000

Being the transfer of the bad debt recovered back to the accounts receivable.

Cash 2,000

Account receivables 2,000

Being the cash income received in respect of bad debt recovered.

4 0

3 years ago

Read 2 more answers

The current asset section of Guardian Consultant's balance sheet consists of cash, accounts recelvable, and prepald expenses. Th

ivann1987 [24]

Answer:

a) Current Liabilities $2,780,000

b) Long term liabilities $2,680,000

c) Accounts receivable $3,620,000

d) Therefore Acid Test 1.8

Explanation:

Step 1: Calculate the Current Liabilities

The question requires a work-back based on the information given as follows

Stockholders Equity (A) $3,900,000

Debt Equity Ration 1.4

Total debt therefore ($3,600,000 x 1.4) (B) $5,460,000

Total debt and equity therefore is (A + B ) $9,360,000

($3,900,000 + $5,460,000)

Total Equity and Debt = Total Assets

Total Assets therefore $9,360,000

Therefore Current Assets $5,560,000

(Total debt - Non Current Asset)

($9,360,000 - $3,800,000)

Less: Cash and prepaid expenses ($1,940,000)

($1,440,000 + $500,000)

Accounts receivable $3,620,000

Current Ratio therefore is 2.0 (not 20)

Meaning: Current Liabilities $2,780,000

(Current Assets/ Current ratio)

($5,560,000/2)

Step 2: Calculate Long term Liabilities

Total debt (from step 1) $5,460,000

less; Current Liabilities $2,780,000

Long term liabilities $2,680,000

Step 3: Accounts Receivable

Total Assets $9,360,000

Current Assets $5,560,000

(Total debt - Non Current Asset)

($9,360,000 - $3,800,000)

Less: Cash and prepaid expenses ($1,940,000)

($1,440,000 + $500,000)

Accounts receivable $3,620,000

Step 4: The Acid test ratio

Cash $1,440,000

Accounts Receivable $3,620,000

Quick Asset (Cash + Accounts receivable) $5,060,000

Current Liabilities $2,780,000

Therefore Acid Test 1.8

(Quick Asset / Current liabilities)

(5,060,000/2,780,000) 1.8

8 0

3 years ago

DO YALL KNOW NIKKI MANJ HAD A BBY listen to alot a choppas remix wit her in it

Fudgin [204]

Oh uh- that’s interesting-

4 0

3 years ago

Read 2 more answers

When the economy falters, people often look to the government to help push the economy forward again. In fact, the government us

exis [7]

Answer:

monetary and fiscal policies

Explanation:

Monetary and fiscal policies are two available policies.

Monetary policy and monetary policy represent two widely recognized tools used to influence the country's economic activity

However, if the central bank is independent, the government will not easily use monetary policy.

The combination of these policies will help restore the economy to full employment. These measures may not be co-ordinated, and economic policy and monetary policy are likely to work against each other.

8 0

4 years ago

Jon is always willing to trade one can of Coke for one can of​ Sprite, or one can of Sprite for one can of Coke.

Jon is always willing to trade one can of Coke for one can of Sprite, or one can of Sprite for one can of Coke.