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vladimir2022 [97]
3 years ago
15

The ledger of Claudell Company includes the following unadjusted normal balances: Prepaid Rent $1,000, Services Revenue $55,600,

and Wages Expense $5,000. Adjusting entries are required for (a) prepaid rent expired $200; (b) accrued services revenue $900; and (c) accrued wages expense $700. Prepare a 10-column worksheet with six rows for the following accounts: Prepaid Rent, Services Revenue, Wages Expense, Accounts Receivable, Wages Payable, and Rent Expense. Enter the necessary adjustments on the work sheet and complete the work sheet for these accounts.
Business
1 answer:
Vinil7 [7]3 years ago
3 0

Answer:

due to a lack of space, I prepared the 10 column worksheet on an excel spreadsheet

Explanation:

Prepaid Rent $1,000

Services Revenue $55,600

Wages Expense $5,000

a) Dr Rent expense 200

    Cr Prepaid rent 200

b) Dr Accounts receivable 900

    Cr Service revenue 900

c) Dr Wages expense 700

    Cr Wages payable 700

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If markets are efficient, what should be the correlation coefficient between stock returns for two nonoverlapping time periods?
S_A_V [24]

Answer: Zero

Explanation:

The Correlation Coefficient measures the relationship between 2 variables under study and ranges from -1 to +1 which -1 meaning that the two are perfectly negatively correlated and +1 meaning they are perfectly positively correlation. A Correlation Coefficient of 0 means that there is no relationship.

An efficient market is one where all information is available to every market participant. This means that one cannot use information from one period to make abnormal profits in another period because all information is available. The Correlation Coefficient will therefore show 0 because information from the previous period is not being used in another period meaning there is no relationship between stock returns.

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3 years ago
Violations of security policies are considered to be a(n) __________ issue upon which proper disciplinary actions must be taken.
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<u>Answer: </u>

Violations of security policies are considered to be a law enforcement issue upon which proper disciplinary actions must be taken.

<u>Explanation: </u>

  • The security policies put into place by the organization actually serve as the first wall of protection for the organization.
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3 years ago
The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production
madam [21]

Answer:

Equivalent units of production= 746,000 units

Explanation:

Giving the following information:

Units completed 620,000 100%

Ending Work in Process 180,000 70%

<u>The weighted average method blends the costs and units of the previous period with the costs and units of the current period.</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 620,000 + (180,000*0.7)

Equivalent units of production= 746,000 units

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3 years ago
$159 per unit $205 per unit $166 per unit $292 per unit Olds Inc., which produces a single product, has provided the following d
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Answer:

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Explanation:

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Under the absorption costing method, the unit product cost is calculated using the direct material, direct labor, and total unitary overhead.

First, we need to calculate the unitary fixed manufacturing overhead

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Unit product cost= 108 + 51 + 7 + 39= $204

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