Answer:
Cash $1,050 (debit)
Accounts Receivable :Sun City Kiwanis $1,050 (credit)
Explanation:
When Kiwanis makes a partial payment to settle their account, in Trails Ends records, we recognize (1) an the increase in the assets of cash and (2) recognize a decrease in the assets of accounts receivable.
Answer:
b. Short-term loss of $700 and a long-term gain of $900.
Explanation:
August 1, 2018, price per share $50
August 1, 2019, sold 50 shares at $36, resulting in a short term capital loss of ($700)
August 31, 2019, sold 50 shares at $68, resulting in a long term capital gain of $900
If you own a stock for 1 year or less, any gain/loss will be considered short term. If you own a stock for more than 1 year, any gain/loss will be considered long term.
Answer: A. Extensive
Explanation: When Corey runs out of shampoo he buys whatever brand is on sale at his local CVS drugstore.
From the above question, Corey has an extensive decision making on toothpaste purchase as he does not have any brand loyalty. He buys whatever brand is available for him to buy and he is not particular about the name, the size or content of the product he is buying.
Answer:
C. $ 7,500
Explanation:
Estimated direct labor cost $ 100,000
Estimated direct labor hours 20,000 hours
Predetermined rate per direct labor hours $ 5 per direct labor hour
Actual hours used on a job 1,500 hours
Applied overhead based on the predetermined overhead
rate per direct labor hours
$ 5 per direct labor hours * 1,500 hours $ 7,500
The information regarding machine hours is not relevant to the requirements of the question.
The information given shows that Denelle is conducting a trend analysis.
<h3>What is a trend analysis?</h3>
It should be noted that attend analysis simply means a technique that's used t predict future investment.
In this case, Denelle reviews holiday sales from the last five years to determine how much inventory to purchase and how many employees to schedule during peak sales times.
Learn more about trend analysis on:
brainly.com/question/25819900
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