Answer:
make an adjusting entry to debit Interest Receivable and to credit Interest Revenue for the amount of interest accrued since the last interest receipt date.
Explanation:
Adjusting entries are used at the end of an accounting period to assign income and expenses that has accrued.
In this instance when the interest reciept day comes after accounting period we need to recognise the amount of interest earned so far.
The amount accrued since last interest payment date is calculated.
This amount has been earned so it should be recognised as revenue. To do this we debit interest receivable and credit interest revenue.
Answer:
Instructions are listed below
Explanation:
Giving the following information:
Marvel Company uses a predetermined overhead rate in applying overhead to production orders on a labor-cost basis in Department A and on a machine-hours basis in Department B.
Dept. A
Factory overhead $ 71,250
Direct labor-hours 8,100
Dept. B
Factory overhead $46,055
Machine-hours 15,100
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base=
Dept A:
Estimated manufacturing overhead rate= 71250/8100= $8.80 per direct labor hour
Dept B:
Estimated manufacturing overhead rate= 46055/15100= $3.05 per direct machine hour
Answer:
A. Either the PBO or the return on plan assets turns out to be different than expected
Explanation:
One of the indicators used in research on income levels is age. The result of research on age-earnings data is that investments in education result in higher earnings. Hence, the correct option is (D).
<h3>What is the Relationship Between Education and Earnings?</h3>
Based on the results of the research, it was found that people who have a higher level of education tend to have a higher level of income. This makes sense because, with a high level of education, a person basically has higher job opportunities. In addition, the knowledge possessed by someone with higher education allows that person to find the most appropriate solution to problems that exist in the business world.
Learn more about the relationship between employment and education at brainly.com/question/29338947
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