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3 years ago

Credits are used to record:___________

Business

1 answer:

muminat3 years ago

4 0

Answer:

The correct answer is letter "B": decreases to assets and expenses and increases to liabilities, revenues, and stockholders' equity.

Explanation:

When it comes to accounting book-keeping, a credit is an entry that increases liabilities (amounts owed to third parties) and equities (assets minus liabilities) in their corresponding accounts or decreases assets (resources owned by the company) and expenses (costs of the business operations) accounts.

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2-a. Refer to the original data. How much will net operating income increase (decrease) per month if the company uses higher-qua

Vadim26 [7]

The original data is :

Data for Hermann Corporation

Per unit Percent of sales

Selling price $ 75 100%

Variable expenses 51 68

Contribution margin $ 24 32%

The fixed expenses are $ 75,000 per month and the company is selling 4000 units per month.

Solution :

Present Proposed

Sales 300000 375000

Less : Variable cost 204000 275000

Contribution margin 96000 100000

Less : Fixed expenses 75000 75000

Net income 21000 25000

The net operating income : Increases 4000

Net operating income = increased sales Net income - current sales net income.

Therefore the higher quality component should be used.

8 0

2 years ago

Marigold Inc. reported total assets of $2391000 and net income of $318000 for the current year. Marigold determined that invento

Artist 52 [7]

Answer:

Total Assets = $2391000

Net Income = $318000

Explanation:

The corrected amount for total assets and net income for the year :

Total Assets = $2391000

Net Income = $318000

7 0

2 years ago

An operations manager is performing a factor-rating analysis to help her choose an outsourcing provider. She is focusing on thre

andreev551 [17]

Answer:

30.8

Explanation:

The solution of factor-rating score for Ling Services is provided below:-

Factor-rating score = (Weight for Factor A × Rating for Factor A) + (Weight for Factor B × Rating for Factor B) + (Weight for Factor C × Rating for Factor C)

= (0.50 × 30) + (0.20 × 46) + (0.30 × 22)

= 15 + 9.2 + 6.6

= 30.8

So, we have calculated the factor-rating score for Ling Services by using the above formula.

8 0

2 years ago

A user video is claimed by one asset with a policy of Monetize worldwide and claimed separately by another asset with a policy o

drek231 [11]

Answer: Block worldwide

Explanation:

8 0

3 years ago

Read 2 more answers

Pacific Ink had beginning work-in-process inventory of $762,960 on October 1. Of this amount, $313,920 was the cost of direct ma

BartSMP [9]

Answer:

Cost of goods transferred =$6,388,147.07

Cost of ending inventory=$1,068,478.93

Explanation:

Equivalent unit of material = (120,000× 100%)+(39,000×75%)=149250

Cost per unit of material = Total cost /Total equivalent unit

=(313,920 +2,956,500)/149250 =21.912

Cost per conversion cost

Equivalent unit of conversion cost

= (120,000 × 100%) + ((39,000×35%)= 133,650

Cost per unit of conversion cost

= ($3,737,220 + $449,040)/133,650 = 31.322

Cost of goods transferred = 120,000× (21.912 + 31.322)= 6,388,147.07

Cost of Inventory = (75%*39,000×21.912)+(35%× 39,000×31.322)

= 1,068,478.93

Cost of goods transferred =$6,388,147.07

Cost of ending inventory=$1,068,478.93

3 0

2 years ago