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nignag [31]
3 years ago
10

Delta Construction Corporation, a general contractor, hires Eagle Electrical Company, a subcontractor, to wire a new office buil

ding. As the work progresses, Delta pays Eagle some of the price, but after completing most of the job, Eagle is owed more than $50,000. Eagle stops work to insist on being paid. Delta hires Fine Wiring, Inc., to finish the job. Eagle files a suit against Delta. Eagle's suspension of work is most likely
Business
1 answer:
nignag [31]3 years ago
3 0

Answer: excused by Delta's failure to pay.

Explanation:

Delta Construction Corporation hires Eagle Electrical Company, as a subcontractor, to wire its new office building. After the completion of the work, Eagles is owed more than $50000.

Eagle's suspension of work is most likely due to the excuse by Delta's failure to pay. Delta has a right to pay up the money owed to Eagle. Lack of payment can lead to court cases.

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Presented below are selected account balances for Tamarisk Co. as of December 31, 2020.
Svetradugi [14.3K]

Answer and Explanation:

The closing entries for the following accounts are presented below:

1. Sales Revenue A/c Dr $408,750

        To Income Summary $408,750

(Being revenue account closed)

2. Income summary A/c Dr $323,830

      To Cost of Goods Sold          $229,017

      To Sales Returns and Allowances $11,908

      To  Sales Discounts                        $15,070

      To Selling Expenses                       $16,133

      To Administrative Expenses          $37,525

      To Income Tax Expense                 $30,300

(Being expenses accounts are closed)

3. Income summary A/c Dr $84,930 ( $408,750 - $323,830)

       To Retained earning $84,930

(Being the difference is credited to retained earning)

4. Retained earnings A/c Dr $17,873

         To Dividend A/c $17,873

(Being dividend account is closed)

7 0
3 years ago
The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information: Common stock, $3
MatroZZZ [7]

Answer:

a. $20.00

Explanation:

Given that

Common Stock = $150,000

Additional Paid-in Capital = $850,000

Par Value per share = $3

So,

Number of shares issued = Common Stock ÷ Par Value per share

= $150,000 ÷ $3

= 50,000

Now

Total Common Stock Equity = Common Stock + Additional Paid-in Capital

= $150,000 + $850,000

= $1,000,000

So,

Average Issue Price per share = Total Common Stock Equity ÷ Number of shares issued

= $1,000,000 ÷ 50,000

= $20.00

7 0
3 years ago
Widget Inc. manufactures widgets. The company has the capacity to produce​ 100,000 widgets per​ year, but it currently produces
gayaneshka [121]

Answer:

$62,100

Explanation:

Given that,

Sales price per unit = $ 40

Variable costs per​ unit:

Manufacturing = $ 23

Marketing and administrative = $ 8

Total fixed​ costs:

Manufacturing = $ 76,000  

Marketing and administrative = $24,000

Total incremental costs:

= Variable manufacturing + Variable marketing and administrative

= (6,900 × $23) + (6,900 × $8)

= $158,700 + $55,200

= $213,900

Incremental income:

= Incremental revenue - Total incremental costs

= (6,900 × $40) - $213,900

= $276,000 - $213,900

= $62,100

Therefore, the operating income increases by $62,100.

7 0
3 years ago
A remotely located air sampling station can be powered by solar cells or by running an above ground electric line to the site an
Olin [163]

Answer:

a) should install the solar cells

alternative 1, solar cells

initial investment $18,000

annual expenses $2,400 (5 years)

NPV =  $27,097.89

AW = (10% x $27,097.89) / [1 - (1 + 10%)⁻⁵] = $7,148.36

alternative 2, power line

initial investment $27,500

annual expenses $1,000 (5 years)

NPV =  $31,290.79

AW = (10% x $31,290.79) / [1 - (1 + 10%)⁻⁵] = $8,254.43

b) $23,307.10

3 0
3 years ago
In service blueprinting poka-yokes are procedures that block mistakes from becoming service defects. Group of answer choices Tru
steposvetlana [31]

Answer:

True

Explanation:

"Poka- yoke" is a Japanese term which relates to mistake proofing. The term signifies correcting accidental errors and preventing those from forming part of a product.

The term emphasizes upon creation of such manufacturing techniques which can be used for proofing errors so that operations can be carried out smoothly, efficiently and error free.

The term was first used by Shigeo Shingo. It represents a control measure which aims at detection of mistakes and errors on timely basis so as to avoid them from becoming part of the product.

4 0
3 years ago
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