Answer:
1.67
Explanation:
The computation of multi-factor productivity is shown below:-
Multi-factor productivity = Potential leads × Number of workers × Fee × Conversion percentage ÷ Labor cost + Material cost + Overhead cost
= 3,500 × 4 × $60 × 0.03 ÷ 4 × 40 × $35 + $1,500 + $8,000
= 25,200 ÷ 15,100
= 1.67
Therefore for computing the multi-factor productivity we simply applied the above formula.
Answer:
Journal entries
Explanation:
1. Cash Dr XX
To Sales revenue XX
(Being the cash sales is recorded)
Since the cash is received so we debited the cash as it also increases the assets and the sales revenue would be credited as it an income for the company
2. Cost of goods sold XX
To Merchandise inventory XX
(Being the cost of goods sold is recorded)
While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory
1. Account receivable Dr XX
To Sales revenue XX
(Being the cash sales is recorded)
Since the sales is made on account so we debited the account receivable as it also increases the assets and the sales revenue would be credited as it an income for the company
2. Cost of goods sold XX
To Merchandise inventory XX
(Being the cost of goods sold is recorded)
While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory
Answer:
Explanation:
Provide music lessons to students for 10,500 cash.
Dr Cash 10,500
Cr Sales 10,500
Being cash sales made
Purchase prepaid insurance to protect musical equipment over the next year for $4,000 cash.
Dr Prepaid Insurance account 4,000
Cr Cash 4,000
Being payment for the prepaid insurance
Purchase musical equipment for $17,000 cash.
Dr Equipment (asset) account 17,000
CR Cash 17,000
Being purchase of equipment
Obtain a loan from a bank by signing a note for $39,000.
Dr Cash 39,000
Cr Loan note (liability) 39,000
Answer:
Explanation:Explanation is
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