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Anastasy [175]
3 years ago
7

The chart of accounts for the Miguel Company includes the following: Account Name Account Number Cash 11 Accounts Receivable 13

Prepaid Insurance 15 Accounts Payable 21 Unearned Revenue 24 Common Stock 31 Dividends 32 Fees Earned 41 Salaries Expense 54 Rent Expense 56 Page 5 of the journal contains the following transaction: Description Post. Ref. Debit Credit Salaries Expense 525 Cash 525 What is the posting reference that will be found in the salaries expense account
Business
1 answer:
vichka [17]3 years ago
6 0

Answer:

In the salary expense account, the posting reference that will be found is Cash 11.

Explanation:

This posting reference shows that the contra entry was made in the Cash account which has a reference number of 11.  The Posting Reference is a field that facilitates cross-referencing (showing the other account involved in the transaction) or interlinking between the journal and the ledger in the posting process. Posting reference columns are present in both the journal and the ledger. It is also known as the Folio.  This is because with the double entry system of accounting, each transaction must reflect at least two accounts that are affected on the debit side and the credit side.

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what are 2 items of information that job applicants can obtain fro the mission statement of an organization
Lady_Fox [76]

A mission statement is a short statement of an organization's purpose, identifying the scope of its operations: what kind of product or service it provides, its primary customers or market, and its geographical region of operation.[1][2] It may include a short statement of such fundamental matters as the organization's values or philosophies, a business's main competitive advantages, or a desired future state—the "vision".[1][3]

A mission is not simply a description of an organization by an external party, but an expression, made by its leaders, of their desires and intent for the organization. The purpose of a mission statement is to focus and direct the organization itself. It communicates primarily to the people who make up the organization—its members or employees—giving them a shared understanding of the organization's intended direction. Organizations normally do not change their mission statements over time, since they define their continuous, ongoing purpose and focus.<span>[4]</span>

8 0
3 years ago
Read 2 more answers
Tara Inc. is considering using stocks of an old raw material in a special project. The special project would require all 360 kil
frez [133]

Answer:

Relevant costs:

Selling price= 6.50

Delivery= $125

Explanation:

Giving the following information:

The special project would require all 360 kilograms of the raw material that are in stock and that originally cost the company $2,520 in total.

If the company were to buy new supplies of this raw material on the open market, it would cost $7.25 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $6.50 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $125 for all 360 kilograms.

The relevant costs are those that affect the decision moving forward. Costs that occurred in the past musn't be taken into account.

Relevant costs:

Selling price= 6.50

Delivery= $125

6 0
3 years ago
A firm sells two products, Regular and Ultra. For every unit of Regular the firm sells, two units of Ultra are sold. The firm's
sladkih [1.3K]

Answer:

regular - 32,000

ultra - 64,000

Explanation:

Please find the remaining part of this question in the attached image

Breakeven quantity are the number of  units produced and sold at which net income is zero

Breakeven quantity = fixed cost / price – variable cost per unit

Contribution margin :

Regular = 22 - 8 = 14

Ultra = 25 - 8 = 17

weighted contribution margin = (1/3 x 14) + (2/3 x 17) = 16

Firms breakeven =  $1,536,000 / $16 = 96,000

Regular's breakeven = 1/3 x 96,000 = 32,000

Ultra's breakeven = 2/3 x 96,000 = 64,000

3 0
3 years ago
Skeletal muscle fibers are very unusual because they may be . have intercalated discs (gap junctions) devoid of striations and s
iragen [17]

Skeletal muscle fibers are very unusual because they may be: B. a foot or more in length, and each cell contains hundreds of nuclei.

<h3>What is a skeletal muscle?</h3>

Skeletal muscle is also referred to as voluntary muscle and it can be defined as a type of muscle that's connected with the skeleton by tendons, so as to form a mechanical system that enables the movement of the limbs and other body parts with respect to another.

Generally, skeletal muscle fibers are considered to be very unusual because they may be a foot or more in terms of length, and each cell typically contains hundreds of nuclei.

Read more on skeletal muscle here: brainly.com/question/24279412

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8 0
2 years ago
Individuals produced their own goods. They then decided to specialise. They formed a group and offered their skills to each othe
nadezda [96]

Answer:

It will save time in obtaining goods and services.

Explanation:

5 0
4 years ago
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