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4 years ago

LO 4.7In a job order cost system, utility expense incurred is debited to which account?

Business

1 answer:

marusya05 [52]4 years ago

8 0

Answer:

manufacturing overhead

Explanation:

To record the utility expense in a job order cost system, the manufacturing overhead account is debited as it has come under the manufacturing overhead cost like indirect material, indirect labor, rent on the factory, insurance of factory, etc

So, only the manufacturing overhead account is debited as the utility expense is incurred

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Mahmoud wants to start a business making designer chairs. To do this he will need:

prisoha [69]

Mahmoud will be needing many things such as. A loan of money , Maybe a wed site to spread him company so more people can see it and materials to build chairs such as wood , springs , foam.

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3 years ago

All of the following statements regarding accounting treatments for liabilities under U.S. GAAP and IFRS are true except:_______

mihalych1998 [28]

Answer:

A) Accounting for bonds and notes under US GAAP and IFRS is similar.

Explanation:

US GAAP and IFRS do not have the same accounting guideline for bond issue cost:

Under US GAAP, bonds payable is recorded at face value while premiums or discounts are recorded separately. While under IFRS, bonds payable is recorded using the carrying value, and amortization or premiums or discounts is done by using the effective-interest method.

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3 years ago

During the deep recessions of the early 1980s and of 2007-2009, unemployment reached roughly __________.

RUDIKE [14]

when the nation went through a deep recession in the early 1980s and 2007-2009, the unemployment rate reached A. 10%.

<h3>what was the unemployment rate in 2007-2009?</h3>

after the disastrous Great Recession started in late 2007, companies were forced to terminate people's contracts to stay afloat.

this led to unemployment reaching levels of around 10% of the labor force. This had not been seen in the U.S. since the early 1980s.

options for this question include:

A. 10%. B. 20%. C. 30%. D. 40%.

find out more on the recession of 2008 at

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2 years ago

Fowler is expected to pay a dividend of $1.81 one year from today and $1.96 two years from today. The company has a dividend pay

Mekhanik [1.2K]

Answer:

$77.34

Explanation:

The computation of the current stock price is shown below:

But before that following calculations need to be done

EPS for year 2 = Dividend at year 2 ÷ Payout Ratio

= $1.96 ÷ 0.40

= $4.90

Now the price at year 2 is

Price at year 2 ÷ EPS at year 2 = PE ratio

Price at year 2 ÷ $4.90 = 18.95

Price at year 2 = $92.855

Now finally the current stock price is

= Dividend at year 1 ÷ (1 + rate of interest) + Dividend at year 2 ÷ (1 + rate of interest)^2 + Price at year 2 ÷ (1 + rate of interest)^2

= $1.81 ÷ 1.119 + $1.96 ÷ 1.119^2 + $92.855 ÷ 1.119^2

= $77.34

6 0

3 years ago

Traditionally, department stores almost exclusively offered soft goods. But now, most department stores focus on selling both ha

Studentka2010 [4]

Answer:

False

Explanation:

Traditionally, department stores sold both soft goods and hard goods. But now, most department stores focus almost exclusively on soft goods.

Soft goods refers generally to clothing and other textiles like bedding and fabrics.

Hard goods refers to a broad range of products like appliances, furniture, tools, electronics, etc.

5 0

3 years ago