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AURORKA [14]
3 years ago
7

Accounting question, please help

Business
1 answer:
dangina [55]3 years ago
8 0

Answer:

Accrual basis.

Explanation:

The accrual basis of accounting refers to the accounting method where by revenues are recognized on the profit and loss statement when they are realized and not when the money is received.

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Arbot Co. manufactures appliances at three manufacturing facilities in the United States. Each location has a plant manager who
yanalaym [24]

The correct answer to this open question is the following.

Arbot Co. manufactures appliances at three manufacturing facilities in the United States. Each location has a plant manager who oversees the manufacturing process for that location. Segmented income statements are prepared for each plant and each product manufactured in the plant. The salary of each plant manager is a traceable fixed cost to the plant and a common fixed cost for the individual product lines made in the plant.

The traceable fixed cost for a corporation means that this cost has a relationship between cost and effect related to a particular area or region of the country, or related to a process just operated in a specific location. This traceable fixed cost is part of the equation because there is a peculiar business that includes it. Or there is a necessity to be covered.

7 0
3 years ago
ou believe that you can earn 2% more on your portfolio if you engage in full-time stock research. However, the additional tradin
oksian1 [2.3K]

Answer:

C. $12,000

Explanation:

additional earnigns for active management:

800,000 x 0.02% = 16,000

<em><u>expected  </u></em>active management cost:

800,000 x 0.5% = 4,000

net gain: 12,000

At most, we can spend 12,000 dollars.

Up to this point, the expense are cover by the additional return. bove this threshold the fund will incur in losses from the active management

8 0
3 years ago
Prepare the journal entries for the following transactions for Morgan Co.
SOVA2 [1]

Answer:

(a)

Dr Investment in Gordon Corp.               230,400

Cr Cash                                                     230,400

( to record investment in Gordon Corp.; calculated as 10 x 23,000 + 400)

(b)

Dr Investment in Gordon Corp.                18,400

Cr Share of Gordon Corp earning           18,400

( to record share of profit in Gordon Corp, calculated as % of Gordon Corp share owned x Gordon Corp's earnings = 23,000/100,000 x 80,000)

(c)

Dr Cash                                              45,000

Cr Investment in Gordon Corp.       45,000

( Record dividend receipt from Gordon Corp)

Explanation:

Further explanation, as Morgan Co. acquires 23% of Gordon Corp. ( 23,000/100,000); equity method should be applied.

8 0
3 years ago
Larkspur, Inc. reports net income of $91,800 in 2022. However, ending inventory was understated $7,800. What is the correct net
dezoksy [38]

Answer:

$99,600

Explanation:

If the ending inventory was understated that means that they have less of the inventory than they had originally expected, this means that they sold more than they have calculated and therefore have not included the $7,800 in the net income. Therefore, we would need to add this amount to the actual reported net income to get the correct net income for 2022...

$91,800 + $7,800 = $99,600

The correct net income for 2022 is $99,600

3 0
3 years ago
Zara's staff members regularly collect data from customers at its stores. This data is used to: a. decide the designs and styles
umka2103 [35]

The details are important for settling on the models and patterns (designs and styles) for Zara's goods for the Upcoming few seasons.

Option-a

<u>Explanation: </u>

The collection of data is described as the approach of objective analytical observations utilizing standard established techniques compilation, calculation and evaluation. On the basis of data obtained, a scientist will test his hypothesis. In many other situations, the collection of data is the key phase for science, regardless of the area.

Based on the information required, the method of data analysis is unique for various subject areas of study. The main aim of the collection of data is to ensure that accurate information is gathered for statistical methods so that information-driven analytical decisions can be taken.

4 0
3 years ago
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