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2 years ago

Omega.com sold 25 jet skis for $7000.which cost$5000 The entry to record the sale would be

1 answer:

5 0

If the company sold 25 jet skis at $7,000 each the total value of the sale is $175,000. The correct way to record this transaction would depend on how the sale was paid for.

If the jet skis were paid for with cash the entry is going to be a debit to Cash for $175,000 and a credit to Sales for $175,000. If they were sold on account the entry is going to be a debit to Accounts Receivable for $175,000 and a credit to Sales for $175,000.

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Blossom Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employ

Xelga [282]

Answer:

A) to determine the cost of the asset being depreciated we must use the first year's depreciation using the double declining method to find 40% of the asset's value:

40% of the asset's value = $29,200

asset's value = $29,200 / 40% = $73,000

B) salvage value = asset's value - total depreciation = $73,000 - $65,700 = $7,300

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3 years ago

Expert power is based on ________.

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➷ The correct option would be C. influence wielded as a result of expertise, special skill, or knowledge.

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2 years ago

Which job analysis method requires subject-matter experts to evaluate a job in terms of abilities required to perform the job

Alexxx [7]

Answer:

Fleishman Job Analysis System

Explanation:

Fleishman Job Analysis System. Job analysis technique that asks subject-matter experts to evaluate a job in terms of the abilities required to perform the job. - useful for employee selection, training, and career development Competency.

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2 years ago

Predatory pricing refers to a. All of the above are examples of predatory pricing. b. a firm selling certain products together r

mina [271]

Answer:

d. a monopoly firm reducing its price in an attempt to maintain its monopoly.

Explanation:

In a competitive system, a firm practices predatory pricing when it charges prices below its costs in order to eliminate competitors. When the prevailing system is a monopoly, the firm is the only company providing the good and it can practice predatory pricing in the short term to prevent a competitor from entering the market. Thus the firm remains monopolistic.

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3 years ago

Campbell Construction Company expects to build three new homes during a specific accounting period. The estimated direct materia

Alina [70]

Answer:

The driver for employees fringe benefits is direct labor costs whereas the driver for indirect material costs is direct material costs

The total cost of each home is as follows:

Home 1 $188140

Home 2 $268860

Home 3 $408910

Explanation

Find the breakdown of the costs in the attached excel file.

Download xlsx

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3 years ago