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3 years ago

Asceticism in ancient Indian religion

1 answer:

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Asceticism in ancient Indian religion Served as a substitute for sacrificial practices as a means to placate and communicate with the gods.

Explanation:

Asceticism, the practice of rejecting physical or mental impulses to fulfill a moral purpose or goal. Asceticism is the form of self-discipline, self-denial or self-retention to accomplish a particular goal.

No other faith was at least lacking signs or certain characteristics of asceticism. This goal may be a tangible one, but it is metaphysical most often.

Those who follow ascetically practices are often viewed as noble and pursued in the pursuit of greater spirituality. Most ascetics claim that washing the body helps cleanse the spirit, thus gaining a greater link to the Divine or seeking inner peace.

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At May 31, 2017, the accounts of Lopez Company show the following.

frosja888 [35]

Answer:

a. cost of goods manufactured schedule.

Direct materials $62,400

Direct labor $50,000

Manufacturing overhead applied $40,000

Add Opening work in process Inventory $14,700

Less Closing work in process Inventory ($15,900)

Cost of goods manufactured $151,200

b. income statement for May

Sales Revenue $215,000

Less Cost of Goods Sold :

Opening finished goods Inventory $12,600

Add Cost of goods manufactured $151,200

Less Closing finished goods Inventory ($12,600) ($176,400)

Gross Profit $38,600

c.presentation of the manufacturing inventories

raw materials $7,100

work in process $15,900

finished goods $9,500

Total Inventory $32,500

Explanation:

a.Cost of Goods Manufactured schedule included all the manufacturing costs incurred during production.

b.The Income statement is used to calculate gross profit as Sale less Cost of Sales.

c.The manufacturing inventories are presented in the balance sheet in their older of liquidity starting with the least liquid category.

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3 years ago

On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules,

Lisa [10]

Answer and Explanation:

The journal entries are given below:

1. Notes receivable A/c Dr $450,000

To Cash A/c $450,000

(To record the notes receivable acceptance)

2. Interest receivable A/c Dr $40,500

To Interest revenue $40,500

(to record the interest is collected)

Interest = Principal × rate of interest × number of months ÷ (total number of months in a year)

= $450,000 × 12% × (9 months ÷ 12 months)

= $40,500

The 9 months is calculated from April 1 to December 31

3. Cash A/c Dr $504,000

To Notes receivable A/c $450,000

To Interest receivable A/c $40,500

To Interest revenue A/c $13,500

(To record the cash collected)

Interest revenue = Principal × rate of interest × number of months ÷ (total number of months in a year)

= $450,000 × 12% × (3 months ÷ 12 months)

= $13,500

The 3 months is calculated from December 31 to April 1

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3 years ago

On January 1, 2013, the balance in Tabor Co.'s Allowance for Bad Debts account was $13,501. During the first 11 months of the ye

elixir [45]

Answer:Total of accounts written off=$25, 018, part b is in the explanation column

Explanation:

Total of accounts (Bad debt) written off=Opening Balance in bad debt allowance account+

bad debt expense recognized during the period −

Closing balance in bad debt allowance account

=$13,501+$21,413−$9,896

=$25, 018

T---account

Allowance for bad debts

$13,501 Balance from Jan 1st

$21,413 Bad debts expense

Bad debts written off $25, 018

$9,896 Balance on November 30

b)Adjusted journal entry for change in amount of allowance for bad debt account

December 31st 2013 Account Debit Credit

Allowance for bad debts $620

Bad debts expense $620

calculation

The balance in allowance for bad debt account as on November 30 is $9 896 , when it was supposed to be $9,276. Therefore the bad debt expense is overstated by

$9,896- $9, 276 = $620

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4 years ago

Managerial Accounting-Reports to managers inside the organization for planning, controlling, and decision making.a. -Emphasizes

den301095 [7]

Answer:

Here all the options given in the question are correct .

Explanation:

Managerial accounting is mainly done by the managers or management to prepare report for the internal users and with the help of such accounting , manager would be able to perform the planning, controlling and decision making activities. This accounting helps manager by providing useful data and estimates as soon as possible which would help in decision making. Managerial accounting does follow GAAP and IFRS but it is not mandatory for it to follow and also it is not compulsory for a company to perform managerial accounting .

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4 years ago

After Hurricane Sandy, many states reevaluated their coastal area building requirements. These new building codes represented __

qwelly [4]

These new building codes represented focal alternatives that building materials companies used to develop new products.

<h2>How did the federal government respond to Hurricane Sandy?</h2>

In the aftermath of Hurricane Sandy, the federal government responded by doling out more than $60 billion in total emergency spending, an appropriation process driven strongly by politics.

<h2>What were some of the biggest issues arising after Hurricane Sandy?</h2>

One of the main problems following Hurricane Sandy was the fact that many people who chose not to leave lacked the supplies necessary for survival. The fact that the order to evacuate New York City came extremely late in the process, as it did during Hurricane Katrina, did not assist.

<h3>Where did the NRC monitor Hurricane Sandy's progress?</h3>

The NRC kept an eye on Sandy's progress both before and throughout the storm from the Incident Response Center at its Region I office in King of Prussia, Pennsylvania, as well as from the Operations Center at its main office in Rockville, Maryland.

Learn more about Hurricane Sandy:

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2 years ago