All categories

3 years ago

Boilermaker House Painting Company

Business

1 answer:

Oksi-84 [34.3K]3 years ago

8 0

Answer:

Explanation:

The journal entries are shown below:

1. Account receivable A/c Dr $20,000

To Deferred revenue A/c $20,000

(Being the paint house on account is recorded)

2. Equipment A/c Dr $21,000

To Cash A/c $21,000

(Being the equipment is purchased for cash)

3. Supplies A/c Dr $3,500

To Accounts Payable A/c $3,500

(Being the office supplies are purchased on credit basis)

4. Salaries expense A/c Dr $4,200

To Cash A/c $4,200

(Being the employees salaries are paid for cash)

5. Advertising expense A/c Dr $1,000

To Cash A/c $1,000

(Being the advertising are purchase for cash)

6. Rent expense A/c $5,400

To Cash A/c $5,400

(Being the rent is paid for cash)

7. Cash A/c Dr $15,000

To Account receivable A/c $15,000

(Being the cash is received)

8. Cash A/c Dr $6,0000

To Deferred revenue $6,000

(Being the cash is received)

You might be interested in

The financial crisis of 2008 demonstrated the flaw in a bottom-up detailed approach to calculating risk. There are

Troyanec [42]

Answer:

Explanation:

8 0

3 years ago

As the financial consultant to a classic auto dealership, you estimate that the total value (in dollars) of its collection of 19

Sophie [7]

Answer:

The owner will maximize value if it waits 29th years Assuming 5% continuos inflation

Explanation:

the price formula for the future years is:

$v = 301000 + 960 t^{2}$

while it is adjusted for inflation at:

$v \times e^{-0.05t}$

so the complete formula for value is:

$\frac{301000 + 960 t^{2}}{e^{0.05t}}$

Now, we can derivate and obtain the roots

Getting at a root exist at the 29th year.

The owner will maximize value if it waits 29th years Assuming 5% continuos inflation

8 0

3 years ago

The first step any investor should take before beginning to invest is to __________.

Nataly_w [17]

The first step that an investor should take before beginning to invest should be to establish investment objectives.

5 0

3 years ago

Alternative A Alternative B Materials costs $28,000 $64,000 Processing costs $34,000 $34,000 Equipment rental $11,000 $28,500 Oc

stira [4]

Answer:

$61,600

Explanation:

The differential cost analysis is an analysis in which the costs of two alternatives is taken into consideration and based on those costs it is decided that which alternative is suitable in terms of increment that has been lost by other alternative. That is why it is also known as alternative cost. To calculate the differential cost, it is simple, subtract the cost of 1st alternative from the 2nd and you will get the differential cost. Basically this tool helps in decision making when deciding to choose between two alternatives.

In the question we have been asked to find the differential cost of Alternative B over Alternative A, including all of the relevant costs. To do that first we need to find the differential costs among all the relevant costs and then sum all the differences to find the differential cost of Alternative B over Alternative A.

(a)

Differential Cost of Alternative B over Alternative A is;

Materials costs = $64,000 - $28,000 = $36,000

Processing costs = $34,000 - $34,000 = $0

Equipment rental = $28,500 - $11,000 = $17,500

Occupancy costs = $27,600 - $19,500 = $8,100

(b)

Now the Total Cost which is Differential Cost of Alternative B over Alternative A is;

$36,000 + $0 + $17,500 + $8,100

$61,600

6 0

3 years ago

when my supervisor presents me with multiple situations to see if i know when to implement a certain skill, (s)he clearly does n

Anit [1.1K]

When my supervisor presents me with multiple situations to see if I know when to implement a certain skill, (s)he clearly does not trust me to know what I am doing. The above statement is false.

<h3>What does skill refer to?</h3>

A skill is a learned ability to perform an action with predictable results consistently and well within a certain window of time or energy, or both. Domain-general and domain-specific skills are two common categories of skills.
For instance, in the field of work, generic skills like time management, teamwork and leadership, self-motivation, and others are useful in all jobs, whereas domain-specific abilities are only applicable to a certain position.
To evaluate the amount of ability being displayed and applied, specific contextual triggers and scenarios are typically required.
When a skill represents a body of knowledge or a specific field of study, such as the art of war or the art of medicine, it is referred to as an art.

To learn more about skill with the given link

brainly.com/question/9648460

#SPJ4

Question:

When my supervisor presents me with multiple situations to see if I know when to implement a certain skill, (s)he clearly does not trust me to know what I am doing. State whether the statement is true or false.

4 0

1 year ago