Answer:
um just tell them that to do what they are better
Explanation:
Answer:
price of goods is 0.9 times of the price of services
Explanation:
Data
Goods sell = 80%
Services sell = 72%
Equilibrium prices = ???
Solution
In order to find equilibrium prices we need to develop an equation for that
Let's denote
Goods = x
Services = y
Goods sold = 80% of x = 0.8x
Services sold = 72% o y = 0.72y
Equation: 0.8x = 0.72y
Let's solve the equation furthermore
x = 
y
x = 0.9y
Hence the price of goods is 0.9 times of the price of services
Answer:
Direct labor time (efficiency) variance= $5,400 unfavorable
Explanation:
Giving the following information:
Standard= Direct Labor 0.25 hour $ 7.20 per hour
Actual= 6,000 hours
Number of units= 21,000
<u>To calculate the direct labor efficiency variance, we need to use the following formula:</u>
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (21,000*0.25 - 6,000)*7.2
Direct labor time (efficiency) variance= (5,250 - 6,000)*7.2
Direct labor time (efficiency) variance= $5,400 unfavorable
Answer:
E) Debit Accounts Receivable, $1,800; credit Legal Fees Revenue, $1,800
Explanation:
The Journal Entry is as follows :-
Accounts Receivable Dr, $1,800
To Legal fees revenues $1,800
(Being the billing is recorded)
Therefore for passing the journal entry, we debited the Accounts Receivable $1,800 with the credited Legal fees revenues $1,800 so that the proper posting can be done.
