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3 years ago

EB10.

Business

1 answer:

Mrrafil [7]3 years ago

8 0

Answer:

Debit Credit

Work in process inventory $15,000

Manufacturing overhead clearing account $15,000

Explanation:

First determine the amount of applied overhead which can be calculated as follows

Applied overhead=Rate per machine hour*number of hours

Applied overhead=$5*3,000=$15,000

The journal entry for the applied overhead shall be made as follow

Debit Credit

Work in process inventory $15,000

Manufacturing overheads clearing account $15,000

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Answer:

Communicate the task. Describe to your employees exactly what you want done, when you want it done, and the end results you expect. Be clear and unambiguous and encourage your employees to ask questions. ... Empower your employees with the level of authority required to complete the task.

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3 years ago

Compute the present value of $1,150 paid in three years using the following discount rates: 6 percent in the first year, 7 perce

blagie [28]

Answer:

$938.82

Explanation:

The present value of the amount $1,150 using different discount rates in year one, two and three shall be determined using following mentioned method:

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4 years ago

V. Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect:

Murrr4er [49]

Answer:

3. Supply of flour to increase.

Explanation:

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If the price of wheat decreases, suppliers will be interested in buying more of it in order to produce more quantities of flour at a lower cost because it will more likely lead to a higher profit. This will, therefore, increase the supply of flour in the market.

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3 years ago

Question 1 Tamarisk Corporation issued 1,800 shares of $10 par value common stock upon conversion of 900 shares of $50 par value

Anastasy [175]

Answer:

The journal entries relating to the conversion of preferred stock to common stock are highlighted below:

Dr Preferred stock $45,000

Dr Paid-in capital in excess of par $9,900

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Explanation:

Find in the attached the detailed computations of the amounts above.

Download xlsx

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3 years ago

Which of the following would not be a current asset? Certificates of deposit that mature in six months Cash Customer receivables

zavuch27 [327]

Answer:

Supplier bills payable in 30 days

Explanation:

This is current assets

- Certificates of deposit that mature in six months

- Cash

- Customer receivables

The Supplier bills payable in 30 days is a current liability

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4 years ago