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Mazyrski [523]
2 years ago
13

On December 18, Intel receives $260,000 from a customer toward a cash sale of $2.6 million for computer chips to be completed on

January 23. The computer chips had a total production cost of $1.6 million. What journal entries should Intel record on December 18 and January 23? Assume Intel uses the perpetual inventory system.

Business
1 answer:
lord [1]2 years ago
5 0

Answer:

Explanation:

the picture attached gives the full solution to the problem

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Wonder Corporation declared a common stock dividend to all shareholders of record on September 30, 20X3. Shareholders will recei
lesantik [10]

Answer:

<em>C. $0 dividend income and a tax basis in the new stock of $56.25 per share</em>

Explanation:

Existing tax basis

= 300 shares * $90

= $27,000

Latest stocks attributable to stock dividend to be given to Diana,

= 300 * 3/5

= 180

Therefore the total number of shares will be, after dividend,

= 180 + 300

= 480

So new tax basis per share

=27,000 / 480

<u><em>=  $56.25</em></u>

7 0
2 years ago
During the process of operational planning, management must compare market demand with
sasho [114]
During the process of operational planning, management must compare market demand with Capacity.
Capacity refers to the company's ability to fulfill the amount of demand that exist for the products. If a company has a lot of orders without the ability to fulfill it, they will not be able to rake in the profit from the market.
8 0
3 years ago
Answer correctly or it will be deleted whos my favorite player
xenn [34]

Answer:

Player for what?

Explanation:

If it's football then... Lamar Jackson???

5 0
2 years ago
Read 2 more answers
A broker-dealer offers 4 summer passes to an amusement park to each of its agents who sell at least $10,000 of bonds during the
inn [45]

Answer:

I (allowed) and IV (not considered soft dollar compensation)

Explanation:

Soft dollar compensation refers to payments made to brokerage firms or agents as commission revenue. They differ from hard dollar compensation because hard dollars are payments that were agreed upon before an investor started working with the broker, while soft dollars are based upon variable commissions.

4 0
3 years ago
The following account balances were taken from the adjusted trial balance of Kendall Company: Revenues $ 22,400 Operating Expens
dsp73

Answer:

Retained earnings-Closing = $19,900

Explanation:

Given that,

Revenues = $22,400

Operating Expenses = $15,000

Dividends = $4,500

Retained Earnings(opening) = $17,000

Net Income = Revenues - Operating expenses

                    = $ 22,400 - $15,000

                    = $7,400

Statement of Retained Earnings:

Retained earnings-Closing:

= Retained earnings -opening + Net Income - Dividends

=  $17,000 + $7,400 - $4,500

= $19,900

7 0
2 years ago
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