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3 years ago

Question:

Business

1 answer:

Vanyuwa [196]3 years ago

6 0

Answer:

Received investment of cash by organizers and distributed to them 1,000 shares of $1 par value common stock with a market price of $40 per share

Dr. Cr.

Cash $40,000

Common stock @ 1 $1,000

Add-In capital Common Stock $39,000

Purchased $15,000 of equipment, paying $3,000 in cash and owing the rest on accounts payable to the manufacturer

Dr. Cr.

Equipment $15,000

Cash $3,000

Account Payable $12,000

Borrowed $10,000 cash from a bank

Dr. Cr.

Cash $10,000

Bank Loan $10,000

Loaned $800 to an employee who signed a note.

Dr. Cr.

Note Receivable $800

Cash $800

Purchased $13,000 of land paid $4,000 in cash and signed a mortgage note for the balance

Dr. Cr.

Land $13,000

Cash $4,000

Mortgage Note Payable $9,000

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Companies create a division of labor among employees in order to: 0 a. allow each employee to perform one task at a high level.

sergejj [24]

Companies create a division of labor among employees in order to allow each employee to perform one task at a high level

<h3>What is division of labor?</h3>

It involves Sharing of duties or job among individuals or employee.

An employee is allowed to handle a particular task for efficiency.

Therefore, Companies create a division of labor among employees in order to allow each employee to perform one task at a high level

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2 years ago

Wisdom Toys has budgeted sales and production over the next quarter as follows: Unit Sales Production September 43,000 44,400 Oc

baherus [9]

Answer:

$12,800

Explanation:

This can be calculated as follows:

November sales in unit = 64,000

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Number of video games in inventory at October 31 = November sales in unit * 20% = 64,000 * 20% = 12,800

Therefore, 12,800 video games in inventory at October 31.

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3 years ago

Kennedy Company reports the following costs and expenses in May.

mamaluj [8]

Answer:

a. $161,350

b. $398,050

c. $81,140

Explanation:

<u>Total amount of manufacturing overhead</u>

Factory utilities $16,500

Depreciation on factory equipment $12,650

Indirect factory labor $48,900

Indirect materials $70,800

Factory manager's salary $8,000

Property taxes on factory building $2,500

Factory repairs $2,000

Total $161,350

Note : Manufacturing Overheads are Indirect Manufacturing Costs that can not be easily traced to the Product being manufactured.

<u>The total amount of product costs</u>

Direct materials used $157,600

Direct labor $79,100

Manufacturing Overhead $161,350

Total $398,050

Note : Product Costs are Direct Manufacturing Costs that can be easily traced to the Product being manufactured.

<u>The total amount of period costs</u>

Depreciation on delivery trucks $3,800

Sales salaries $48,400

Repairs to office equipment $1,300

Advertising $23,000

Office supplies used $4,640

Total $81,140

Note : All Non Manufacturing Costs are Period Cost. Period Costs are expensed in the Income Statement.

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2 years ago

The model commonly used by large organizations places the information security department within the __________ department.\

victus00 [196]

<span>Information technology</span>

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3 years ago

There are four major categories with examples that provide a useful way for examining logistics and supply chain performance: Th

mr Goodwill [35]

Answer:

Quality

Explanation:

Logistics and supply chain management performance is best evaluated by examining time required to carry out task, the quality of task at hand, the cost to be expended and the supporting metric.

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3 years ago

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