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olya-2409 [2.1K]
3 years ago
10

The company's revenue for the month totaled $950,000 from credit sales, and its cost of goods sold for the month is $540,000. Pr

epare summary journal entries dated October 31 to record its October production activities for (1) direct material usage, (2) direct labor incurred (3) overhead allocation, (4) goods transfer from production to finished goods, and (5) credit sales.
Business
1 answer:
skelet666 [1.2K]3 years ago
8 0

Answer:

Explanation:

Journal Debit Credit

Oct 31 Work in process inventory 522,000

Raw materials inventory 522,000

Oct 31 Work in process inventory 130,000

Factory payroll payable 130,000

Oct 31 Work in process inventory 227,500

Factory overhead 227,500

Oct 31. Finished goods inventory 595,000

Work in process inventory 595,000

Oct 31 Accounts receivable

950,000

Sales. 950,000

Oct 31 Cost of goods sold 540,000 Finished goods inventory 540,000

Overhead applied = $130,000 × 175% = $227,500

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Operating costs are the opposite of
NeX [460]

Answer:

Variable expenses. I'm not sure

6 0
3 years ago
In Opulencia, the marginal propensity to save is only 0.10. In an effort to promote the virtues of saving, the government starts
77julia77 [94]

Answer:

A greater saving will reduce the impact of the multiplier.

Explanation:

A multiplier generally refers to the factor that amplifies or increase the initial change of something else.

In economics, multiplier refers how change in spending or saving results into a larger change in local output and income.

Since addition of marginal propensity to consume (MPC) and marginal propensity to save (MPS) is equal to 1, the formula for calculating a multiplier can be stated as:

Multiplier = 1/(1 - MPC) or 1/MPS

From the question therefore, when MPS = 0.10, we have:

Multiplier = 1/0.10 = 10

When MPS is increases to 0.20, we have:

Multiplier = 1/0.20 = 5

Since 5 is less than 10, a greater saving will therefore reduce the impact of the multiplier.

4 0
2 years ago
Which of the following are reasons that the aggregate demand curve slopes downward? Check all that apply. As the price level ris
Sidana [21]

Answer:

As the price level rises, imports become relatively cheaper than domestically produced goods.

Explanation:

The aggregate demand curve is a graph showing  the total quantity of all goods and services demanded by an economy at different price levels.

As price level increases,  the cost of domestic goods increases and imports become cheaper. As a result, the demand for domestic goods falls as price level falls and the demand for imported goods increases.

4 0
3 years ago
Describe how surveillance of our telephones has changed over the years. explain what is different about how silicon valley compa
katrin2010 [14]

Answer:

All communication way back used to be wiretapped, but now companies have been able to encrypt their data for protection of their information against wiretapping.

Companies like silicon valley has taken the bold step in securing their data from been hacked.

The back door is risky because if a person or people exposes their information to others, their information will be at risk because of hackers who might exploit their privacy or sensitive documents.

Finally, the idea of devices to be wiretapped is not a good idea, because most people want heir privacy, for this it is termed illegal to access one's privacy without the authorization from the person.

Explanation:

Solution

Before now all communication used to be wiretapped. presently, companies are encrypting data , for the purpose of this data to not be easily wiretapped.

Silicon valley companies have secured their devices through encryption unlike other companies. what this implies is that it will be tough for police to arrest criminals, but the normal or average people will have capacity to communicate or interact much better.

The back door method is risky because, presently in today's world there are people that are specialist in hacking, so if no backdoor exist, then there will be no room for anyone to hack into someone's phone.

It is considered a risk if your phone is exposed to others to easily access your private information.

I don't like the idea for devices should be wiretapped, this is because people need their privacy, they can't have that when their phones are wiretapped.

In general it is illegal and not right.

6 0
3 years ago
A $1,000 face value bond can be redeemed early at the issuer's discretion for $1,030,plus any accrued interest.The additional $3
Nina [5.8K]

Answer:

C) call premium

Explanation:

These additional $30 are called the call premium. They are basically a fee that the issuer pays to the holder when they break the agreed-upon time frame and recall the bond at an earlier date. Basically, it is a payment form of saying sorry redeeming the asset earlier than expected. This call premium is applied to a variety of different assets such as bonds and preferred shares, among others.

6 0
2 years ago
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