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3 years ago

Complete the following sentences:

Business

1 answer:

Umnica [9.8K]3 years ago

7 0

First A: customer, answer would be c.
Second A: would be A.

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Job 434 was recently completed. The following data have been recorded on its job cost sheet:______.

mart [117]

Answer: $26.48

Explanation:

The total cost of producing 2,000 units of Job 434 is;

= Direct materials + Direct labor cost + Manufacturing overhead cost

= 41,000 + (620 hours * 13 ) + ( 10 * 390 hours)

= $‭52,960‬

Unit product cost:

= total cost/ no. of units

= 52,960/ 2,000

= $26.48

5 0

4 years ago

On July 1, 2020, Marigold Corp. pays $13,200 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal

Juliette [100K]

Answer:

For Marigold

The journal entries on July 1 , 2020 are:

Dr Insurance prepayment $13,200

Cr Cash $13,200

being insurance paid for in advance

The adjusting entry at the close of the year

Dr Insurance expense $2,200

Cr Insurance prepayment $2,200

Being insurance expense incurred in the year

The other party is Kalter insurance not Dobbs Co:

he journal entries on July 1 , 2020 are:

Dr Cash $13,200

Cr Prepaid revenue $13,200

being revenue received in advance

The adjusting entry at the close of the year

Dr Prepaid revenue $2,200

Cr Revenue $2,200

Being recognition earned in the year

Explanation:

Upon the payment of the insurance , the cash account of the paying company is credited and that of the receiving company debited .

The other entry in the paying company is insurance prepayment while that of the receiving company is prepaid revenue .

7 0

3 years ago

As the price of good X rises from $1.50 to $1.75 the result is a decrease in the quantity demanded of good X from 650 units to 5

lyudmila [28]

Answer:0.63; rises

Explanation:

As the price of good X rises from $1.50 to $1.75 the result is a decrease in the quantity demanded of good X from 650 units to 590 units. The price elasticity of demand for good X is _____0.63________ and total revenue _____rises_____ as the price of good X rises from $1.50 to $1.75.

5 0

3 years ago

a truck costs $35,000 with a residual value of $2000. its service life is five years using the declining balance method at twice

Sveta_85 [38]

What grade is this???

4 0

3 years ago

A kidnapper takes a hostage and demands that the hostage pay ransom. They then play the following game in extensive form. The ho

storchak [24]

Answer:

Explanation:

we would be answering this question by presenting the data in a spreadsheet file (which is a computer program that is used for accounting purposes as well as recording of data using columns and rows which information can be entered in such a useful way for decision making, data analyzing and for record keeping.)

Microsoft Excel would be the spreadsheet application that would be used in answering this question, kindly check the attached image to see the presented solution to the question above.

4 0

3 years ago