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Julli [10]
3 years ago
11

The following information is available for Trinkle Company for the month of June:

Business
1 answer:
erma4kov [3.2K]3 years ago
6 0

Answer:

$55,527

Explanation:

Calculation to Determine true cash balance as of June 30

Unadjusted balance per the bank statement $56,518

Add: Deposits in transit on June 30 $2,340

Less: Outstanding check ($3,331)

True cash balance as of June 30 $55,527

Therefore true cash balance as of June 30 will be $55,527

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To strengthen its manufacturing base in the future.
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Gamble Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare t
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Answer:

$5,120

Explanation:

Workers are paid $12,800 per week (five days), since December 31 fell on a Tuesday, accrued wages payable will be equal to the wages proportional to two days:

= ($12,800 per week / 5 days per week) x 2 days = $2,560 per days x 2 days = $5,120

The appropriate journal entry should be:

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Dr Wages expense 5,120

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3 years ago
Two months ago, Air-tite Corporation purchased 5,500 pounds of Hydrol, paying $18,700. The demand for this product has been very
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Answer:

A, B.  

Explanation:

A is relevant as the 400-pound remaining can be sold at market price after the special order

B is relevant as the whole 5,500 can be sold at market price instead of the special order

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D is irrelevant

4 0
3 years ago
Lakeside Inc. produces a product that currently sells for $57.60 per unit. Current production costs per unit include direct mate
Sidana [21]

Answer:

It is convenient to make the changes.

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Giving the following information:

Selling price= $57.60 per unit.

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Fixed overhead= $11.00.

New costs:

Direct material cost= 22*1.2= $26.4

Direct labor cost= 24*1.2= $28.8

<u>I suppose that the selling price will increase by $40.</u>

To determine whether the changes increase profit or not, we need to calculate the unitary contribution margin per unit for both options:

Contribution margin= selling price - unitary variable cost

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New contribution margin:

Contribution margin= 97.60 - (26.4 - 28.8 - 11)= $31.4

5 0
3 years ago
If Project Repat were to acquire another firm that makes or sells similar products in similar markets, it would be an example of
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Answer:

b. Horizontal merger.

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Project Repat is merging with a company that produces similar products to its own markets them in similar markets as well, this is an example of a horizontal merger that results in increased synergies between the similar firms and a greater market share opportunity.

Vertical mergers are usually not in the same industry. They would either be with the suppliers of Project Repat or customers who retail Project Repat's products.

Conglomerate is an example of diversification and usually the merging firms have different operations.

There are no information of clashes of any sort within the two  merging companies so it is uncertain whether this is a hostile takeover.

Hope that helps.

3 0
3 years ago
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