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3 years ago

9

Effective reading involves what four steps? Select one: a. Preparing, reading, capturing key ideas, and reviewing. b. Preparing,

absorbing, capturing, reviewing c. Reading, note-taking, summarizing, reviewing d. Reading, capturing key ideas, summarizing, reviewing

1 answer:

lidiya [134]3 years ago

8 0

Answer:

Preparing, reading, capturing key ideas, and reviewing.

Explanation:

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Connolly Company produces two types of lamps, classic and fancy, with unit contribution margins of $13 and $21, respectively. Ea

Eva8 [605]

Answer:

a. 90,000 classic lamps; 0 fancy lamps

Explanation:

To determine the optimise total contribution, we need to calculate the contribution margin per hour of machine time for both the lamps. Then the result of whichever is higher would be produced.

Moreover, as there is no limitation on how many lamps can be produced, therefore, we would assume that we can make as many as we want up to the limit of machine-hours available. The calculation is done as follows:

Contribution margin per hour of machine time for classic lamp = Contribution/machine hours to build one classic lamp

Contribution margin per hour of machine time for classic lamp = 13 / 0.2

Contribution margin per hour of machine time for classic lamp = 65

Contribution margin per hour of machine time for fancy lamp = Contribution/machine hours to build one fancy lamp

Contribution margin per hour of machine time for fancy lamp = 21 / 0.5

Contribution margin per hour of machine time for fancy lamp = 42

Since classic lamp has the higher contribution margin per hour. Therefore, all the machine hours would be used to make classic lamps.

= 18,000 / 0.2

= 90,000

Hence, 90,000 classic lamps would be sold while no fancy lamps will be sold to optimise total contribution (which would be 65 x 18,000 = $1,170,000).

7 0

3 years ago

Which 2 statements are true regarding the multicurrency function in quickbooks online?

kkurt [141]

The 2 statements that are true regarding the multicurrency function in QuickBooks online are

Once multicurrency has been enabled, you cannot disable this feature
For most of the commonly used currencies, the rates are updated every 4 hours.

This is further explained below.

What is multicurrency?

Generally, It's a special kind of bank account that lets you transfer, receive, and keep many different currencies at the same time.

A multi-currency account enables you to utilize a single account number for each kind of currency, which eliminates the need to create several bank accounts, each of which would have a unique account number that would need to be kept track of.

In conclusion, The statement are

Once multicurrency has been enabled, you cannot disable this feature
For most of the commonly used currencies, the rates are updated every 4 hours.

Read more about multicurrency

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7 0

1 year ago

Rimble Graphic Design receives $2,750 from a client billed in a previous month for services provided. Which of the following gen

Lana71 [14]

Answer:

C) Debit Cash $2,750

Credit Accounts Receivable $2,750

Explanation:

When payment is received in respect of services rendered or goods sold in the past periods, the accounting rule is to debit cash or bank as the case may be and credit account receivable for the amount received. This is necessary because in period when transaction took place, revenue has been credited and account receivable debited.

6 0

3 years ago

On February 1, a customer's account balance of $2,700 was deemed to be uncollectible. What entry should be recorded on February

Anvisha [2.4K]

Answer:

On February 1, a customer's account balance of $2,700 was deemed to be uncollectible.

The entry to be recorded on February 1 to record the write-off assuming the company uses the allowance method is:

Debit Allowance for Doubtful Accounts $2,700; credit Accounts Receivable $2,700.

Explanation:

Using the allowance method, every bad debt entry is first reflected in the Allowance for Doubtful Accounts before it is taken to the bad debt expense account.

The entries above reduce the Accounts Receivable account by the amount of the write-off and reduces the Allowance for Doubtful Accounts by the same amount. Any recovery of written off debt is also treated in the Allowance for Doubtful Accounts and the Accounts Receivable account in revised order. This method is unlike the direct write-off method. With the direct write-off method, the Accounts Receivable is credited with the amount of the write-off and the write-off is expensed in the Bad Debts Expense account directly.

5 0

3 years ago

Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purcha

garri49 [273]

Answer:

Explanation:

Cash budget for Pasadena Candle Inc.

Month Purchased Paid

August $40,000 $16,000

September $36,000 $38,400

Calculations:

Month ending payment in September = 60 % x August purchases + 40 % x September purchases = 0.60 x $ 40,000 + 0.40 x $ 36,000

= $ 24,000 + $ 14,400 = $ 38,400

5 0

2 years ago