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dezoksy [38]
3 years ago
7

The following items were selected from among the transactions completed by O’Donnel Co. during the current year:

Business
1 answer:
FrozenT [24]3 years ago
6 0

Answer:

Explanation:

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year.

The solution to the above has been attached.

b. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year (refer to the Chart of Accounts for exact wording of account titles):

The solution to the question has been attached.

It should be noted that:

March 11: Interest Expense was calculated as:

= ($240,000 × 30/360 × 4%)

= $240,000 × 0.0833 × 0.04

= 800

Check the attached file

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Pablo owns a record store. His total costs are $1.2 million per year, his variable costs are $750,000, and his fixed costs are $
aniked [119]

Answer:

b. marginal cost of those 50 records is $80,000.

Explanation:

The computation is shown below:

The average cost of selling 1,200 records is

= $1,200,000 ÷ 1,200

= $1,000

Now

The average total cost of selling 1,250 records is

= $1,280,000 ÷ 1,250

= $1,024

Now for the extra 50 records, the marginal cost is

= $1,280,000 - $1,200,000

= $80,000

Hence, the correct option is b.

7 0
3 years ago
Cosmo has just made his dream come true of buying the property that his restaurant occupies. His excitement is short lived, howe
forsale [732]

Answer:

Realistic aspect

Explanation:

Considering the scenario described in the question it can be concluded that Cosmo shifted his focus onto which REALISTIC aspect of goal-setting theory.

This is because following Cosmo making his dream come true of buying the property that his restaurant occupies, the idea that he could rent out the storefront next to the restaurant for added income is a REALISTIC Aspect of Goal Getting.

This implies that Cosmo is more realistic in terms of his financial abilities and willingness to work toward the goal of paying off the mortgage loan

7 0
3 years ago
Inaccurate allocation of joint costs to the individual products could cause an unprofitable product to appear to be profitable.A
asambeis [7]

Answer:true

Explanation:

idk why

4 0
4 years ago
An investment offers a total return of 14.0 percent over the coming year. Janice Yellen thinks the total real return on this inv
Oduvanchick [21]

Answer:

8.06%

Explanation:

According to the Fisher equation

( 1 + Total rate of return) = (1 + real rate of return) x ( 1 + inflation rate)

(1.14) = (1.055) x ( 1 + inflation rate)

Inflation rate = 1.080569 - 1 = 0.080569 = 8.06%

7 0
4 years ago
The percent yield of product is calculated by:________.
Anuta_ua [19.1K]

Answer:

percent yield graphic

Explanation:

Percent yield defines that it is the ratio of the percentage of actual yield to the yield of theoretical.

To compute the percent yield of the product we simply divided the actual yield by yield of theoretical and after the result we do the multiply with 100 to get the result in percentage form. In this case,, if we found that actual and theoretical yield is similar then the percentage of yield will be 100 percent.

5 0
3 years ago
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