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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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How long after a tax taking can a treasurer begin land court proceedings?
mariarad [96]

Answer:

D. 180 days

Explanation:

After a tax taking a receiver begin land court proceedings a duration of "<u>180" days</u>. Later a tax collecting, the accountability for acquisition of the offending taxes as well as assessments on those attribute no long-spun relaxes with the Tax Collector, it simply moves to the Treasurer and while a parcel has been in tax claim for <u>180 days</u>, the Town may wish to instate foreclosure on the assets within specific Land Court in Boston.

7 0
3 years ago
Tangerine Tangerine ink Target capital structure is 20% debtthe following information about sleep please Corporation a company h
Tasya [4]

16% is the answer.

<u>Explanation:</u>

<u>The following is used in order to calculate the cost of the retained earnings. </u>

The Calculation of cost of retained earnings by using bond yield plus the risk premium method

= Long term bond yield + the risk premium

The Long term bond yield = 12 percent

The risk premium = 4 percent

Cost of retained earnings = 12 percent plus 4 percent = 16 %

Therefore, the correct option will be with the 16 percent .

7 0
2 years ago
From 1965 to 2013, women went from 9 percent to _____ percent of u.s. medical students. 52 30 47 12
LUCKY_DIMON [66]
The answer to this question would be: 47%

In 1965, there are just 9% of women that taking medical program but in 2013 the amount is nearly same as the man. The increase is more intense before 1990 which was 40%. It would be 31% increase from 1965. The percentage of the total applicant and the accepted applicant is nearly same, so the increase is mostly done because there are more women applicant in later years.
8 0
2 years ago
Belden, Inc. acquires 30 percent of the outstanding voting shares of Sheffield, Inc. on January 1, 2017, for $312,000, which giv
Oksi-84 [34.3K]

Answer:

how much income would Belden report for 2017 and 2018 in connection with the company's investment in Sheffield

2017: $54,000

2018: $69,000

total $123,000

Explanation:

the journal entries used to record the investment in Sheffield Inc. are:

January 1, 2017

Dr Investment in Sheffield Inc. 312,000

    Cr Cash 312,000

the adjustments entries necessary for 2017 are:

December 31, 2017, dividends are distributed

Dr Cash 21,000 (= $70,000 x 30%)

    Cr Investment in Sheffield Inc. 21,000

December 31, 2017, net income is reported

Dr Investment in Sheffield Inc. 54,000 (= $180,000 x 30%)

    Cr Revenue from investment in Sheffield Inc. 54,000

the adjustments entries necessary for 2018 are:

December 31, 2018, dividends are distributed

Dr Cash 24,000 (= $80,000 x 30%)

    Cr Investment in Sheffield Inc. 24,000

December 31, 2018, net income is reported

Dr Investment in Sheffield Inc. 69,000 (= $230,000 x 30%)

    Cr Revenue from investment in Sheffield Inc. 69,000

7 0
3 years ago
An account that generates interest income on the available balance in the account.
o-na [289]

An interest-bearing account is an account that generates interest income on the available balance in the account.

What is an interest-bearing account?

An interest-bearing account computes interest based on the balance outstanding on the loan or investment account, for instance, a monthly compounding deposit account where the interest paid on the account on monthly basis on the available balance before interest computation.

There also non interest-bearing account which only promises a particular amount when the deposit or investment account matures rather than paying on the balance.

Find out more about interest-bearing account on:brainly.com/question/11484066

#SPJ1

5 0
1 year ago
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