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mezya [45]
3 years ago
15

One benefit of attending a technical school program is

Business
1 answer:
photoshop1234 [79]3 years ago
8 0

Answer:

C. lower costs to attend

Explanation:

A technical school is a two year college program in fields like business, engineering, community work, among others. One of the benefits of attending a technical school program is the lower costs to attend compared to a four year college as the programs are shorter which means that the tuition fees are lower.  Also, in most cases, the tuition in a technical school includes all the things that the student will need in the program, for example, books.

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Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1
yaroslaw [1]

Answer:

Mijka Company

a. Journal Entries

Debit Cash $30,400

Credit Service Revenue $30,400

To record the proceeds for services provided.

Debit Expenses $13,800

Credit Cash $13,800

To record the payment of cash for services.

Debit Dividend $2,100

Credit Cash $2,100

To record the payment of cash dividend.

b. Income Statement for the year ended December 31, 2018:

Service Revenue     $30,400

Expenses                   13,800

Net Income             $16,600

Dividends                   (2,100)

Retained earnings $14,500

Statement of Changes in Stockholders' Equity as of December 31, 2018:

Retained Earnings    $14,500

Balance Sheet as of December 31, 2018:

Assets:

Cash                       $14,500

Equity:

Retained Earnings $14,500

Explanation:

a) Data and Calculations:

Cash revenue $30,400

Cash expense  (13,800)

Cash dividend    (2,100)

Cash balance  $14,500

5 0
2 years ago
kristen and harrison are equal partners in the kh partnership. the partners formed the partnership 5 years ago by contributing c
Sauron [17]

Answer: Harrison will acknowledge a gain equal to the difference between his basis and the distribution . This is because he receives only money in the distribution and the amount transcend his basis in KH. He further allot his entire basis in KH to the basis in the money received resulting in $0 basis in KH after the distribution.

∴ <em>The capital gain will be $6000 i.e. (50000 - 44000) and $0 basis.</em>

4 0
3 years ago
what is a basic premise of the acquisition method regarding accounting for a noncontrolling interest?
miv72 [106K]
Answer: D) A subsidiary is an invisible part of a business combination and should be included in its entirety regardless of the degree of ownership.


What is a basic premise of the acquisition method regarding accounting for a non controlling interest?
A) Consolidated financial statements should not report a non controlling interest balance because these outside owners do not hold stock in the parent company.
B) Consolidated financial statements should be primarily for the benefit of the parent company's stockholders.
C) Consolidated financial statements should be produced only if both the parent and the subsidiary are in the same basic industry.
D) A subsidiary is an invisible part of a business combination and should be included in its entirety regardless of the degree of ownership.


D) A subsidiary is an invisible part of a business combination and should be included in its entirety regardless of the degree of ownership.
7 0
2 years ago
Which one of the following is not positive to say to a customer?
Gennadij [26K]
"What I can do is" because it sounds a little aggressive.
3 0
3 years ago
A company uses the periodic average cost method to account for inventory. For the year, the company had the following beginning
labwork [276]

Answer:

The amount reported for ending inventory is incorrect because management used a simple average instead of weighted-average to calculate the unit cost of inventory for the year.

Explanation:

a. Using weighted-average

Number of units available for sales = 100 + 400 + 800 = 1,300 units

Cost inventory available for sale = (100 * $2,800) + (400 * $3,000) + (800 * $3,200) = $4,040,000

Periodic cost per unit = $4,040,000 / 1,300 = $3,107.69

Total periodic ending inventory = $3,107.69 * 300 = $932,307.69  

b. Using simple average

Inventory cost per unit = ($2,800 + $3,000 + $3,200) / 3 = $3,000  

Total ending inventory = $3,000 * 300 = $900,000

Decision

The correct ending inventory should be $932,307.69  

Therefore, the amount reported for ending inventory is incorrect because management used a simple average instead of weighted-average to calculate the unit cost of inventory for the year.

4 0
3 years ago
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