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3 years ago

Which position has the duty to examine the cost implications of a proposed bill?

1 answer:

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<span>Office of Management and Budget examines the cost of a bill. A proposed bill is given a cost forecast, and they conduct in-depth analysis while also ensuring the bill is legal. The Office of Management and Budget is also responsible for budget proposals.</span>

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On December 1, Orenthal Marketing Company received $3,600 from a customer for a 2-month marketing plan to be completed January 3

Ilya [14]

Answer:

a.a debit to Unearned Fees for $1,800

Explanation:

The adjusting entry is shown below:

Unearned fees A/c Dr $1,800

To Earned fees A/c $1,800

(Being the unearned fees is recorded)

The computation is shown below:

= Received amount × number of months ÷ given months

= $3,600 × 1 months ÷ 2 months

= $1,800

We simply debited the unearned fees and credited the earned fees account for $1,800

4 0

3 years ago

Founded nearly 50 years ago by Alfred Lester-Smith, Beautiful Clocks specializes in developing and marketing a diverse line of l

grin007 [14]

Answer:

Beautiful Clocks

It should be a large Golden (50th Year) Anniversary Ornamental Clock with gold-tinted background.

Explanation:

This type of clock will be handy for those who want to celebrate their friends' 50th birthdays and other anniversaries. It will also immortalize the Beautiful Clock Company as an entity that lives with the time. This clock will be exciting to its affluent clientele, who are always in celebration moods.

7 0

3 years ago

. If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 ye

Sloan [31]

$55,555..........................................................................................

5 0

4 years ago

Read 2 more answers

Equipment purchased for $85,000 on January 1, 2010, was sold on July 1, 2013 for $30,000. The company uses the straight-line met

gregori [183]

Answer:

B) $59,500

Explanation:

The equipment was purchased for 85,000 and has no salvage value which means that all 85,000 will be depreciated over it lifetime. It has a life of 5 years and because it uses straight line method it means that it will depreciate equally each year. The equipment is bought on JAN 1 2010 and sold on July 1 2013 which means that the equipment is used for 3.5 years and in order to find its depreciation we will divide 3.5 by 5 and multiply it by 85,000.

3.5/5*85,000=59,500

4 0

3 years ago

Wonder Company sells a plant asset that originally cost $720,000 for $240,000 on December 31. The accumulated depreciation accou

Masja [62]

Answer:

The company should recognize d. $120,000 loss on disposal

Explanation:

Companies frequently sell plant assets to dispose them. To recognize gain or loss on disposal:

First, the company calculates the carrying amount of the asset by using the original cost of the asset, minus all accumulated depreciation and any accumulated impairment charges.

Then, subtract this carrying amount from the sale price of the asset. If the remainder is positive, it is a gain and if the remainder is negative, it is a loss .

In Wonder Company:

The carrying amount of the asset = $720,000 - $360,000 = $360,000

Sales price - carrying amount of the asset = $240,000 - $360,000 = -$120,000 <0

The company should recognize $120,000 loss on disposal

5 0

3 years ago