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ankoles [38]
3 years ago
15

If scrap, common to all jobs, is returned to the storeroom and the time between the scrap being inventoried and its disposal is

quite lengthy, the journal entry is: Work-in-Process Control Materials Control Materials Control Work-in-Process Control Manufacturing Overhead Control Materials Control Materials Control Manufacturing Overhead Control
Business
1 answer:
Lapatulllka [165]3 years ago
7 0

Answer:

d

Explanation:

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On January 1, year 8, Derek Co.’s defined benefit pension plan had plan assets with a fair value of $750,000, and a projected be
alexdok [17]

Answer: $27,000

Explanation:

Amortization of prior cost = (No. of employees / Total number of years left) * Unamortized prior service cost

Total number of years left:

2 employees are each expected to have 9 years remaining = 2 * 9

= 18 years

3 employees are each expected to have 6 years remaining = 3 * 6

= 18 years

4 employees are each expected to have 1 year remaining = 4 * 1

= 4 years

Total number of years = 18 + 18 + 4

= 40 years

Amortization of prior cost = (9 / 40) * 120,000

= $27,000

8 0
3 years ago
Bond A sells at $975. Bond B sells at $1010. Both bonds have a coupon rate of 4%. All else equal, which bond has more interest r
Softa [21]

Answer:

Bond A

Explanation:

Interest rate risk is the likelihood of loss to bondholders emanating from an increase in a bond's market interest rate which is also the yield to maturity.

However, a bond is issued at a premium when its market interest rate is lower than the coupon rate and at a discount when the reverse is the case.

In this instance, bond A was issued at a discount  while B was issued at a premium, hence, the market interest rate of Bond A is higher and it has a higher interest rate risk due to its yield to maturity which made it trade at a discount to the face value of $1000 per bond

7 0
3 years ago
On January 2 Kelly company performed $800 worth of services for a client. The client paid $100 immediately, but promised to pay
Sliva [168]

Answer:

$100, $700, $800

Explanation:

Calley Journal entries would include:

Debiting $100 to the cash account

Debit the $700 to the receivables account

Credit $800 to the revenue account

This follows the double entry rule that a credit in one account must correspond to at least one debit in another account.

We debit all asset accounts(receivables,cash) when increased and credit all liabilities account when increased. We credit all income account(revenue) when increased and debit all expenses account when increased.

6 0
3 years ago
Read 2 more answers
The resources owned by firms that shut down in the process of creative destruction:
patriot [66]

The answer is <u>"b. move to activities where they are more highly valued."</u>


Creative destruction depends on the possibility that as opposed to inclining toward harmony, the economy is to a great extent in flux.  

Creative destruction is the perception that a free enterprise economy is inalienably determined by developments, which are entwined with the pulverization of old parts of the economy and the making of new. That is, the development of another item triggers capital speculation, monetary extension, more noteworthy business, and improved expectations for everyday comforts, except by supplanting existing generation laborers are jobless, industrial facilities are closed down, and firms go bankrupt.

4 0
3 years ago
Differences between international marketing and international trade​
Anastaziya [24]

Answer:

international trade ; The exchange of goods or services along international borders.

International Marketing ; is the application of marketing principles to satisfy the varied needs and wants of different people residing across the national borders.

Explanation:

good luck m8

3 0
3 years ago
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