Which type of accounting information is intended to satisfy the needs of external users?

Mocha Company manufactures a single product by a continuous process, involving three production departments. The records indicat

kenny6666 [7]

Answer:

c. Work in Process--Department 2 375,000 Work in Process--Department 1 375,000

Explanation:

The journal entry is shown below:

Work in Process - Department 2 $375,000 ($100,000 + $125,000 + $150,000)

To Work in Proces - Department 1 $375,000

(Being the flow of cost from Dept 1 to Dept 2 is recorded)

Here the work in process for dept 2 is debited as it increased the assets and credited the work in process for dept 2 as it decreased the assets

4 0

3 years ago

A house is sold for $105,500 and the commission rate is 6 percent. If the commission is split 60/40 between the selling broker a

laila [671]

Answer: The answer is $ 1266.

Explanation: If the commission rate is 6%

The commission is = 105500. 0.06 = 6330

40% is for the listing broker = 6330. 0.4 = 2532

And half is for his salesperson = 2532/2 = 1266.

The listing salesperson receive from this sale $ 1266.

3 0

3 years ago

At UPS, a 12-step process prescribes how drivers should park their trucks, locate the package they are about to deliver, and ste

Alla [95]

Answer:

Programmed decision making

Explanation:

A programmed decision is one that is done by following already laid down rules and procedures. They are Carried out using formal patterns and the goals here are both clear and specific. These rules and routines in UPS are are a good example of how programmed decisions are done. As it can be seen on every aspect of their day to day business activities.

8 0

3 years ago

Ken owns a food services company and recently negotiated a contract with a new restaurant chain. the satisfaction ken feels for

erastova [34]

Answer:

Ken owns a food services company and recently negotiated a contract with a new restaurant chain. the satisfaction ken feels for this success is a(n)<u> intrinsic motivator.</u>

Explanation:

Intrinsic motivation can be defined as a kind of positivity in a person which he/she feels by doing any work of their choice. The person is satisfied internally with the work he or she chooses to do. In intrinsic motivation, the person is motivated to do a work that will satisfy himself/herself rather than satisfying any external source.

For example: In the above question, Ken is satisfied because she runs a food service company to make herself happy and she negotiated a contract because she cares to do anything that makes her satisfied rather than any other person.

6 0

3 years ago

Rembrandt Paint Company had the following income statement items for the year ended December 31, 2021 ($ in thousands): Sales re

Ugo [173]

Answer:

<h2> Rembrandt Paint Company</h2><h2>Income Statement - December 31, 2021</h2>

Sales revenues $24,000,000

- Cost of goods sold <u> ($13,500,000)</u>

Gross margin $10,500,000

Operating expenses:

- Selling and adm. expenses ($420,000)

- Restructuring costs ($1,400,000)

Total operating expenses <u>($1,820,000)</u>

Income from operations $8,620,000

Other revenue and expenses:

Gain on sales of assets $3,200,000

Interest revenue $220,000

Loss from discontinued oper. ($2,200,000)

Interest expense ($420,000)

Total other revenue and expenses <u>$800,000</u>

Net income pre-tax $9,420,000

Income taxes (25%) <u>($2,355,000)</u>

Net income after taxes $7,065,000

Shares outstanding 600,000

Earnings per share (EPS) $11.78

3 0

3 years ago