Control based on the use of pricing mechanisms and economic information is referred to as:

Alphonse is attending college next year. He received this offer from a university. His parents told him they would pay for his r

leva [86]

Answer:

the answer is A, B, and D.

Explanation:

just took the test and these were the answers. please give me brainliest!

6 0

3 years ago

Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1. Givens Brick Company signs a $600,000, 8%, 9-month

zheka24 [161]

Answer:

The journal entry which is to be reported on January 1 is shown below:

Explanation:

The journal entry which is to be reported on January 1 for the issuance is as:

On January 1

Cash A/c............................Dr $600,000

Notes Payable A/c..........Cr $600,000

Being the issuance as well as proceeds of the note is recorded

On January 1, the company issues as well as proceeds the note, so, the cash account is debited as the cash is increasing and any increase in asset is debited. Therefore, the cash account is debited. And the note will become payable, which lead to increase in liability and any increase in liability is credited. So, the notes payable is credited

3 0

2 years ago

EA16.

Artist 52 [7]

Answer:

Explanation:

The journal entry is shown below:

Work in process A/c - shaping department Dr $35,000

Work in process A/c - packaging department Dr $25,000

To Manufacturing overhead A/c $60,000

(Being apply overhead to the manufacturing departments is recorded)

The computation is shown below:

For shaping department

= 3,500 machine hours × $10 per machine hour

= $35,000

For Packaging department

= 2,500 machine hours × $10 per machine hour

= $25,000

5 0

2 years ago

On January 1, 2020, Blue Co. purchased 24,000 shares (a 10% interest) in Elton John Corp. for $1,300,000. At the time, the book

Len [333]

Answer:

$4,465,400

Explanation:

The investment in Elton in 2020 $1,300,000

share of 2020 net income(10%*$690,000) $69,000

ending balance of investment in 2020 $1,369,000

Share of net income 6/30/21 ($480,000*10%) $48,000

ending balance of investment 6/30/21 $1,417,000

Acquisition of investment 7/1/2021 $2,920,000

Total amount of investment $4,337,000

share of net income 12/31/2021($800,000*30%) $240,000

Dividends received(48,000+24,000)*$1.55 ($111,600)

balance of investment in Elton John Corp $4,465,400

In computing the above value,at each point in time the share of Blue Co from net income earned by Elton john corp is added while any dividends received in cash is deducted.

8 0

3 years ago

Indicate all the items in the following list that are not factors of production and explain why. Item a: Vans used by a baker t

exis [7]

Answer:

b. , c. , and e.

Explanation:

Based on the items provided within the question it can be said that the items that are not factors of production are 1,000 shares of Amazon.com stock, undiscovered oil in the Atlantic Ocean, and a soda. This is because they are not productive resources that are being used to produce goods and/or services, land, labor, capital, or entrepreneurship like the rest of the items on the list.

8 0

3 years ago