Before you role out or disbute a presentation

On November 1, 2024, Rockwood Co. signed a one-year contract to provide handyman services on an as-needed basis to King Associat

Virty [35]

Answer: 4,800

Explanation:

i dont really know but i think it might be 4,800

7 0

2 years ago

The interval at which an asset should be replaced to minimize cost (or maximize worth) is known as the: ________

madam [21]

Answer:

c. Optimum replacement interval (ORI)

Explanation:

Optimum replacement interval used to estimate the most cost effective time to replace an asset on the basis of their replacement cost.

There needs to be a balance between the replacement cost and the value that is being lost by changing the asset.

The useful value must be low to justify replacement cost.

For example if the cost of maintaining a machine has increased a lot as a result of wear and tear, it will be more cost effective to make a replacement in order to minimise cost and increase efficiency

3 0

3 years ago

The practice of creating a liability when a company incurs an expense that cannot be directly linked to a specific accounting pe

m_a_m_a [10]

The practice of creating a liability when a company incurs an expense that cannot be directly linked to a specific accounting period most likely refers to companies may recognize such expenses in periods during which profits are high, as they can afford to take the hit to income, with a view to reducing the liability (the reserve) in future periods during which the company may struggle.

A liability is something that an individual or company owes, usually a monetary amount. Liabilities are settled over time by the transfer of economic benefits, including money, goods, or services.

Current liabilities are short-term financial obligations of a company that matures within one year or within the normal business cycle. The operating cycle, also known as the cash conversion cycle, is the time it takes a company to purchase inventory and convert sales into cash.

In general, mitigating the risk of legal liability requires acting lawfully and taking clear responsibility for the well-being of others (groups that include customers or clients, competitors, and the general public).

Learn more about Liability here brainly.com/question/25687338

#SPJ4

8 0

1 year ago

Job 593 was recently completed. The following data have been recorded on its job cost sheet:

Diano4ka-milaya [45]

Answer:

a.$6,705

Explanation:

The total cost is the sum of the three cost component, Direct materials, direct labours, and factory overhead.

Direct Labor Cost: 71 hours x $15 per hour = $ 1,065

Manufacturing Overhead: 175 machine hours x $14 per hour = $ 2,450

Direct Materials $ 3,190

Total cost: 1,065 + 2,450 + 3,190 = 6,705

8 0

2 years ago

The book balance in the checking account of Kyri Enterprises as of November 30 is $2,964. The bank statement shows an ending bal

lianna [129]

Answer:

1)

reconciliation of bank balance:

bank balance $2,525

+ deposits in transit 11/29 $125

+ deposits in transit 11/30 $200

- outstanding check N. 322 $17

- outstanding check N. 324 $105

- outstanding check N. 327 $54

adjusted bank balance $2,674

reconciliation of checking account:

checking account balance $2,964

+ error on Check N. 321 $20

- NSF check $185

- unrecorded ATM withdrawal $100

- bank fees $25

adjusted checking account $2,674

2)

To correct the error on Check N. 321

Dr Cash 20

Cr Accounts payable 20

To record NSF check

Dr Accounts receivable 185

Cr Cash 185

To record ATM withdrawal

Dr Drawing - Susan Kyri 100

Cr Cash 100

To record the bank fees

Dr Bank charges 25

Cr Cash 25

4 0

3 years ago