Answer: See explanation
Explanation:
The journal entry will be prepared thus:
May 31:
Dr Fees earned $1,150,000
Dr Retained earnings $16,200
Cr Rent Expense $200,000
Cr Supplies expense $19,300
Cr Wages expenses $915,000
Cr Miscellaneous expense $31,900
May 31:
Dr Retained earnings $5000
Cr Dividend $5000
Answer:
D. $2.30
Explanation:
The calculation of the cost per equivalent unit for direct material is given below:
= Total material cost ÷ Equivalent unit of materials
where,
Total material cost is $4,100
And, the equivalent unit of material is
= Units transferred out + ending work in process units
= 1,600 + 180
= 1,780
The units transferred out is come from
= Beginning units + started units - ending units
= 290 units + 1,490 units - 180 units
= 1,600 units
Therefore, the cost per equivalent for direct material is
= $4,100 ÷ 1,780 units
= $2.30
Answer:
this one's a head scratcher. I believe it's a or b. hope that helps a little :)
Answer:
$231,000
Explanation:
With regards to the above, the total sales would be;
= Number of units Bradford inc. Is expected to sell × Per unit of ceramic vases
Given that;
Units expected to be sold = 11,000
Per unit of ceramic vases = $21
Total sales
= 11,000 units × $21
= $231,000
Since we were asked to get the total sales, we will simply multiply the per units sold with the units expected to be sold. Other information are not useful for the purpose of calculating the total sales.
<h2>Yes GDP is a good measure of the prosperity of the average person.</h2>
Explanation:
GDP - Gross domestic Product
The GDP will take the entire output of goods and services produced in a year by everyone within the country's borders.
- Real GDP is the best than nominal GDP
- GDP acts as a component of a human welfare
One drawback of GDP is it does not take the amount of pollution, safety and health. It does not take "well-being" too. Suppose if everyone starts working on weekends without "leisure", "GDP" does not take into account. So now it fails to check prosperity along with well being of the average person.
