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kap26 [50]
3 years ago
10

An owner withdrawal of $20,000 would: A. decrease owner’s equity and increase assets by $20,000. B. increase owner’s equity

and decrease liabilities by $20,000. C. increase liabilities and assets by $20,000.
Business
1 answer:
ch4aika [34]3 years ago
6 0

Answer:

C)  increase liabilities and assets by $20,000.

Explanation :

Any financial transaction affects both assets and liability equally. If asset is increased , liability also is increased and vice-versa.

In the given problem , Option  A and option B states that while one increases , other decreases. which is not possible .

So option C is correct.  

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Time Again LLC produces and sells a mantel clock for $150.00 per unit. In​ 2017, 43,000 clocks were produced and 36,000 were sol
Vedmedyk [2.9K]

Answer:

Unitary cost= $118

Explanation:

Giving the following information:

Production= 43,000

Direct materials $43.00 per unit

Direct manufacturing labor $8.00 per unit

Variable manufacturing costs $4.00 per unit

Fixed manufacturing costs $63.00 per unit

<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary cost= 43 + 8 + 4 + 63

Unitary cost= $118

7 0
3 years ago
Odonnel Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho
natima [27]

Answer:

$6.40

Explanation:

In this case, the predetermined overhead rate is calculated by dividing total manufacturing overhead expense by the total number of direct labor hours. The overhead expense is divided in two: fixed and variable. Predetermined variable overhead expense is $2.80 and predetermined fixed overhead expense = $36,000 / 10,000 direct labor hours = $3.60.

So the total predetermined overhead rate = $2.80 + $3.60 = $6.40

8 0
3 years ago
Don works diligently to accomplish the company goals in an efficient and effective manner, utilizing his employees through plann
eimsori [14]

Answer:

Managing

Explanation:

Managing involves effectively utilising an organisation's resources and bringing employees together to meet set goals and objectives.

Good management helps create a dynamic team where employees collaborate and give their best to achieve collective goal.

Roles are well defined and review and planning is done to effectively drive the team to success.

6 0
3 years ago
3 Which of the following is a contribution of ancient Roman culture?​
Alenkinab [10]

Answer:

pantheon collosium, and roman mythology

Explanation:

6 0
2 years ago
Sophie was informed by the management of her company that she would receive her salary for the current month a day later than us
Llana [10]

Answer:

The answer is closure.

Explanation:

Sophie was informed by the management of her company that she would receive her salary for the current month a day later than usual. She assumed that all her colleagues would also receive their salaries a day later. However, that was not the case. This scenario illustrates the concept of __closure___.

8 0
3 years ago
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