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postnew [5]
3 years ago
13

BE9-3 Flaherty Company had the following two transactions related to its delivery truck.

Business
1 answer:
garri49 [273]3 years ago
3 0

Answer:

The journal entry is given below:

Explanation:

According to the scenario, the journal entry for the given data are as follows:

Given data:

1. Paid $45

2. Paid $400

Journal Entry.

1. Maintenance exp. A/c Dr $45

   To Cash A/c $45

   (Being the maintenance expense is recorded)

2. Truck Asset A/c Dr $400

    To Cash A/c $400

     (Being the installing asset is recorded)

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Given a normal selling price per unit of $750, what is the contribution margin per unit sold for recurring (i.e., normal) sales
Usimov [2.4K]

Answer:

$396

Explanation:

Calculation for the contribution margin per unit sold for recurring sales

Using this formula

Contribution margin per unit = Normal Selling price per unit - (Direct material +Direct labor+Variable factory overhead)-Variable selling & administrative costs

Let plug in the formula

Contribution margin per unit = $750 - ($120+ $150 + $60) - $24

Contribution margin per unit = $750 - $330 - $24

Contribution margin per unit= $396

Therefore the contribution margin per unit sold for recurring sales will be $396

5 0
3 years ago
Summit Record Company is negotiating with two banks for a $150,000 loan. Fidelity Bank requires a compensating balance of 26 per
BaLLatris [955]

Answer and Explanation:

The computation of the effective interest rate is shown below:

For Fidelity bank

= (2 × 4 × $150,000 × 0.12) ÷ (4 +1 )× ($150,000 - $18,000 - ($150,000 × 26%)

= 30.97%

For southwest bank

= (2 × 12 × $150,000 × 0.12) ÷ (12+1 )× ($150,000 - ($150,000 × 13%)

= 25.46%

8 0
3 years ago
Measuring assets and liabilities based on their original transaction value is an example of:__________
nignag [31]

Answer: historical cost

Explanation:

8 0
2 years ago
You want a new cell phone. Which of these sources would be the most dependable?
ahrayia [7]
I would say that b is the best answer
3 0
3 years ago
Read 2 more answers
Dale, a design engineer at a machinery manufacturing company, prepares a plan with a detailed estimate of the overheads and reso
Tasya [4]

Answer: Single-use plan

Explanation:

Single use plan is one of the method that helps in addressing the different types of organizational situation that helps in achieving the specific goals of the firm.

The budget, program, strategy and also the projects are the different types of single use planning process.

According to the given question, Dale is one of the design engineer in the manufacturing organization and dale is used to preparing the various types of plans with the proper resource and the overhead estimation.

Therefore, The dale is preparing the single use plan.    

6 0
3 years ago
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