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AlexFokin [52]
3 years ago
7

In parallel columns, list the accounts that would be debited and credited for each of the following unrelated transactions:

Business
1 answer:
Iteru [2.4K]3 years ago
7 0

Answer:

1) Acquired cash from the issue of common stock:

Debit; Cash

Credit; Common stock

2) Provided services for cash:

Debit; Cash

Credit; Service revenue

3) Paid cash for salaries expense:

Debit; Salaries expense

Credit; Cash

4) Purchased supplies for cash:

Debit; Supplies

Credit; Cash

5) Paid in advance for two-year lease on office space:

Debit; Office space (prepayment)

Credit; Cash

6) Provided services on account:

Debit; Service expense

Credit; Account payable

7) Recognized expense for prepaid rent that had been used up by the end of the accounting period:

Debit; Rent expense

Credit; Prepaid rent

8) Recorded accrued salaries at the end of the accounting period:

Debit; Salaries expense

Credit; Salaries payable

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Profit is equal to the product of the price of the production and the average total cost.

How do you find the quantity of perfect competition that maximizes profit?

When marginal revenue equals marginal cost, or when MR = MC, a fully competitive firm will make the decision that will maximize its profits.

What is the production that the company produces at a profit?

The production rule listed below is used by a competitive business to increase profits: The output level that generates the most profit for the company is where the marginal cost (MC) just touches the product price and where the MC curve is sloping upward.

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1 year ago
Copy Center pays an average wage of $12 per hour to employees for printing and copying jobs, and allocates $18 of overhead for e
BabaBlast [244]

Answer:

$950

Explanation:

The computation of the total cost assigned is shown below:

= Direct Material cost + Direct labor cost + overhead cost

where,

Direct material cost is $350

Direct labor cost = $12 × 20 direct labor hours = $240

Overhead cost = $18 × 20 direct labor hours = $360

Now put these values to the above formula  

So, the value would equal to

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= $950

3 0
3 years ago
Before downloading a new app on your phone, you need to pay attention to
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ABC, Inc. is considering purchase of a new equipment. The sales are expected to be $808,133 and the total cash expenses are expe
Tanya [424]

Answer:

Net Operating Cash Flow = $286,285

Explanation:

Total expected Sales = $808,133

Total Expected Expense = $394,925

Therefore cash revenue = $413,208

After this depreciation will be charged = $77,434

Net profit after depreciation = $335,774

Tax @ 37.8% = $126,923

Net profit after tax = $335,774 - $126,923 = $208,851

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3 years ago
Imagine you are the marketing manager for a U.S. manufacturer of disposable diapers. Your firm is considering entering the Brazi
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Answer:

1) The firm should not use the same advertisements in the U.S. and Brazil because culture plays an important role in advertising, and the cultures of both countries are very different. Something that is culturally acceptable in the U.S. might no be so in Brazil and viceversa, and advertisements usually make use of cultural references to build rapport with the potential customers.

When determining the local prices in Brazil, management should take advice from local managers but it should still try to determine the final prices only after doing extensive market research.

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3) Depending on the country, the job experience for expatriates can be very difficult. Language is probably the most common hardship, if the expatriate does not speak well the language of the host country, then he will likely have a very hard time in the workplace.

Cultural shock, lack of personal relationships, and a general lack of knowledge about how things work can also cause problems.

Companies should train employees before they are sent abroad. They should try to send employees who speak the language of the country if possible, and if not, help them learn a few basics at least. Companies should also instruct their employees about the general culture, geography, laws, and customs present in the country of destination.

5 0
3 years ago
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