Answer:
Explanation:
The adjusting entry is shown below:
Office supplies expense A/c Dr $257
To Office supplies $257
(Being adjusted entry recorded in respect of office supplies)
Since in the question it is given that, the debit balance of office supply is $363 and the physical count show $107 unused supplies which mean it is of no use. So, the actual amount of office supplies would be calculated by applying an equation which is shown below:
= Office supplies debit balance - unused office supplies
= $363 - $107
= $257
Moreover, the office supply is shown in the balance sheet under the assets account. And, to find out the correct value of the office supply we debit the expense account and credit the asset account.
Answer:
a) Manufacturing overhead applied to Work in Process for the month was $70,000
Explanation:
Data provided in the question
The total of the Manufacturing Overhead account = $58,000 i.e incurred
And, the total of credit to the account = $70,000 i.e applied amount
So according to the given data, the manufacturing overhead should be applied to the work in process with the total credit amount i.e $70,000
Hence, the first option is correct
Answer:
Jameson’s opportunity cost of producing one pound of cheese is 0,002 house(s).
Explanation:
Opportunity costs represent the benefits an individual, investor or business misses out on when choosing one alternative over another. Resources are limited, therefore the decision to make a quantity of product A limits the amount of producing product B.
In this exercise, Jameson has the resources to produce 5000 pounds of cheese or 10 houses per year or a combination of both.
To calculate the opportunity cost you need to determine how much of a house is 1 pound of cheese.
Opportunity cost= 10house/5000pounds= 0,002
<u>So to produce 1 pound of cheese you need 0,002 of a house.</u>
Answer:
given statement is true
Explanation:
given statement of purchase marketable security with the cash have not effect on the organization acid test ratio is true because
the cash and marketable security both will be considered for the calculation of acid test ratio and there is not effect
because change by the cash to the marketable securities
so as that given statement is true
Tesla is the company is the best one people wish to invest for next 3 decades, based on its management, product or business model, financial condition, consistent past and potential earning.
<h3>What is the
management structure of Tesla?</h3>
According to management experts, Tesla is one company that has a practical organizational structure with a lot of hierarchical structure.
Tesla is a company that is reported to use functional centers that are well-structured and cover all aspect of their business operations, including finance, sales, marketing, and technology.
Thus, the company is Tesla.
For more information about management structure of Tesla, click here:
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