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solniwko [45]
3 years ago
7

Dawn Manufacturing’s records show a journal entry was made debiting Work in Process Inventory and crediting Raw Materials Invent

ory for $100. The journal entry was made to record which of the following events? 1. Direct materials were placed into production 2. A materials requisition slip was prepared and approved A : 1 only B : 1 and 2 C : 2 only D : Neither 1 nor 2
Business
1 answer:
vazorg [7]3 years ago
6 0

Answer:

The correct answer is option (B) 1 and 2

Explanation:

Solution

The journal entry for Direct materials were set into production or materials requisition slip was approved or prepared.

JOURNAL ENTRY FOR DAWN MANUFACTURING RECORDS

                                            Debit ($)         Credit ($)

Work in Process Inventory  100

The raw Material Inventory                          100

Therefore from the journal stated above the entry was made to record direct materials and materials requisition slip prepared  

The option B is the right choice.

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One of your clients is a sophisticated 40 year old investor and has recently changed jobs. The client is considering rolling ove
elena55 [62]

Answer:

The answer is: The customer's IRA assets should be considered as part of the customer's total portfolio and risk profile.

Explanation:

The branch office manager (BOM) should advice the registered representative (RR) that IRA assets are generally invested conservatively. But that is not always the case, since you must consider the customer's total investment portfolio. In this case, the investor has already $150,000 invested conservatively, so if he decides to invest $100,000 more aggressively, then it's OK. The customer's IRA assets should be considered as part of the customer's total portfolio and risk profile.

3 0
4 years ago
Griffins Goat Farm, Inc., has sales of $667,000, costs of $329,000, depreciation expense of $73,000, interest expense of $46,500
rjkz [21]

Answer and Explanation:

The computation of the earnings and dividend per share is shown below;

But before that the net income should be determined

Sales   667000  

Less: Costs  329000  

Income before depreciation, interest and taxes 338000  

Less: Depreciation expenses 73000  

Operating income 265000  

Less: Interest expenses 46500  

Income before tax 218500  

Less: Tax  at  25% 54625  

Net income 163875  

a Earning per share = Net income ÷ Outstanding Common stock  

= $163,875 ÷ 27200  

= $6.02 per share

b Dividend per share = Dividend paid ÷ Outstanding Common stock  

= $47000 ÷ 27200    

= $1.73 per share

4 0
3 years ago
Mary is purchasing a home for 145000 she is in the process of selling her present home for 85000 what will her down payment equa
weqwewe [10]
<span>58000 The key to this problem is ignoring information that doesn't apply to the problem. We're looking for 40% of the purchase price for Mary's new home. We don't care about how much she's selling the old home for. So we just need to calculate 40% of 145000, so 40% * 145000 = 0.40 * 145000 = 58000 So the 40% down payment on her new 145000 house is 58000</span>
5 0
3 years ago
Explain how and why each of the following factors would influence current aggregate demand in the United States: a. increased fe
sukhopar [10]

The effects of the given factors on current U.S. aggregate demand would be:

  • a. Lower current aggregate demand (AD).
  • b. Higher current AD.
  • c. Higher current AD.
  • d. Higher current AD.
  • e. Lower current AD.

<h3>What affects Aggregate Demand?</h3>

When there is an increased fear of recession, aggregate demand drops as people want to save money for the recession. A higher price level will make things more expensive so AD drops as well.

When there is a fear of inflation, people increase spending so they can buy goods before prices increase.

Real income growth in other countries will lead to higher exports which will increase national wealth and therefore allow consumers to purchase more goods.

An reduction in real interest rates makes loans cheaper to be acquired and spent on consumption.

Find out more on aggregate demand at brainly.com/question/1490249.

#SPJ1

6 0
2 years ago
StuckinMyHouse book company is a boutique shop that produces a small selection of adult coloring books. The first quarter 2020 M
suter [353]

Answer:

<em>Labour rate variance  =    $260 favourable</em>

Explanation:

<em>The rate variance would be the difference between the standard labour cost of the 2,300 units sold and the actual labour cost</em>

Standard labour cost  (3600/1200× 2300)<em>      6,900</em>

<em>Actual labour cost                                             </em><u><em>6, 640</em></u>

<em>labour rate variance                                     </em><u><em>   $260</em></u><em> favourable</em>

The variance is favourable because the StuckinMyHouse book company saved $260 as a result of of his actual cost been less than the expected cost.

6 0
3 years ago
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