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3 years ago

What is a hold?

Business

2 answers:

Jlenok [28]3 years ago

4 0

Answer:

The hold is that the $100 won't go in.

Explanation:

olganol [36]3 years ago

4 0

A hold is a temporary delay in making funds available in your account .

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0.83 points eBookPrintReferences Check my work Check My Work button is now enabledItem 2Item 2 0.83 points A company has a fisca

Lynna [10]

Answer:

1. Dr Insurance expense7,250

Cr Prepaid insurance7,250

2. Dr Interest receivable 675

Cr Interest revenue 675

3. Dr Depreciation expense15,400

Cr Accumulated depreciation15,400

Explanation:

Preparation of Journal entry

1. Based on the information given we were told that the amount of $29,000 was been paid for a one year fire insurance policy which means that the Journal entry will be :

Dr Insurance expense7,250

Cr Prepaid insurance7,250

($29,000 × 3/12 = $7,250)

2. Based on the information given we were told the company gave advanced to its chief financial officer for the amount of $27,000 which as well include principal and interest at 5% which means that the Journal entry will be :

Dr Interest receivable 675

Cr Interest revenue 675

($27,000 × 5% × 6/12 = $675)

3. Based on the information given we were told that the Depreciation on the equipment is the amount of $15,400 per year which means that the Journal entry will be :

Dr Depreciation expense15,400

Cr Accumulated depreciation15,400

5 0

3 years ago

A promissory note:

Travka [436]

Answer:

d. is a written promise to pay a specified amount of money at a certain date.

Explanation:

A promissory note, also known as note payable, is a financial instrument used when you borrow or loan money, it establishes the terms and details of the agreement (amounts, interests, late fee, <em>maturity date,</em> etc.). <em>It consists of a written promise where the issuer promises to fulfill the terms and to pay to the payee on the determined date.</em>

I hope you find this information useufl and interesting! Good luck!

8 0

3 years ago

Catherine is married and a mother of two children. She has decided to forego her own career to stay home with her children until

Taya2010 [7]

Answer:

Traditional Women

Explanation:

The reason is that the women who take the responsibility of taking care of their house and children represents the traditional class of women. These women are also known as house wife in our society. In this question, Catherine takes the role and responsibility because she takes care of her family and house related issues which matches the role and responsibilities of a traditional women so this is the Traditional women is the right answer.

5 0

4 years ago

Winston Company estimates that the factory overhead for the following year will be $1,250,000. The company has decided that the

Anton [14]

Solution :

a).

Estimated overhead 1,250,000

Divide by the estimated machine hours 50,000

Predetermined overhead rate 25

Actual machine hours 54,300

Multiply by predetermined overhead rate 25

The factory overhead amount applied $ 1,357,500

b).

Actual factory overhead 1,348,800

Less : factory overhead amount applied 1,357,500

The underapplied amount is $ 8700

4 0

3 years ago

The direct labor rate for Brent Corporation is $9.00 per hour, and manufacturing overhead is applied to products using a predete

Paladinen [302]

Answer:

1.- first question D. Beginning WIP: $8,500

2.- second question A raw materials used. $63,000

3.- third quesion B. $21,700 actual overhead

Explanation:

Balance in May 1st

4,000 direct materials

300 hours x $9 labor rate = 2,700

300 hours x $6 overhead rate = 1,800

Total 8,500

We have to calculate the total cost for materials added for the month

beginning + purchase - used into production = ending

We are given the fact that balance decrease by 3,000 so

ending - beginning = -3,000

we post that into the formula:

purchase - used into production = ending - beginning

60,000 - production = -3,000

production = 63,000

applied overhead:

3,200 hours x 6 = 19,200

If underapplied by 2,500 then:

applied - actual = -2,500

19,200 - actual = -2,500

19,200 + 2500 = actual

actual overhead = 21,700

7 0

3 years ago