Answer:
A Debit to manufacturing overhead for $9,000
Explanation:
Based on the information given in a situation where the Corporation recently used the amount of $9,000 of indirect materials during the production activities which means that The journal entries that will reflect these transactions would include a DEBIT to MANUFACTURING OVERHEAD of the amount of $9,000 which is the amount of indirect materials that was used during the production activities
A debit to manufacturing overhead for $9,000
Answer:
The correct answer is option a.
Explanation:
The equilibrium interest rate is determined by the interaction of aggregate demand for loanable funds and aggregate supply of loanable funds. In other words, at the level of equilibrium interest rate, the aggregate demand for loanable funds is equal to aggregate supply of loanable funds. Any change in these two variable causes the equilibrium interest rate to change.
Answer:
she could earn a total of $71,000 instead of attending graduate school.
Explanation:
economic costs = accounting costs + opportunity costs
Jane's accounting costs = $100,000 in tuition + $20,000 room and board + $2,000 books
Jane's opportunity costs = unearned wages - $18,000 room and board (already included in accounting costs)
if Jane's economic cost = $175,000, then her unearned wages would equal:
$175,000 = $122,000 + unearned wages - $18,000
$175,000 = $104,000 + unearned wages
$71,000 = unearned wages
Answer:
MIRR = 27.85%
Explanation:
Below is the calculations:
The cost of equipment, Present value = $199550
Generate cash flow each year = $104750
Time = 6 years
Now find the future value of annual cash flow = 104750 (F/A , 13%, 6)
The future value of annual cash flow =104750 x 8.3227
The future value of annual cash flow = $871802.825
Now find the MIRR = (871802.825 / 199550)^(1/6)-1
MIRR = (4.3688)^(1/6)-1
MIRR = 27.85%
Answer:
<h2>Greenleaf Company</h2>
<h3>Cash Payments Journal:</h3>
Date Description Debit Credit
June 3 Office Supplies $615
Cash Account $615
To record the issue of check No. 380 to Skipp Corp for office supplies.
June 20 Accounts Payable (Buck Co.) $7,000
Cash Account $7,000
To record the issue of check No. 381 to Buck Co for inventory.
June 23 Salary (T. Bourne) $8,600
Cash Account $8,600
To record the issue of check No. 382 for salary to T. Bourne.
June 26 Note Payable (UT Bank) $11,750
Cash Account $11,750
To record the issue of check No. 383 to pay off a note payable.
Explanation:
A cash payments journal is one of the specialized journals that can be used to initiate the recording of a business transaction, especially with regard to cash payments. Like all journals, it shows the account to be debited and the one to be credited in the general ledger.
