Answer:
The correct answer is the option: Manage operations.
Explanation:
First of all, <em>stockholders</em> is the name that the individuals or institutions receives due to the fact that they are <em>the ones that legally owns one or more than one share of stock from a company</em>. Secondly, it is understandable that the stockholders have rights in the company because they own a part of it. In addition to that, those rights comprehends a great quantity of functions such as voting power in the meetings; sell their shares; purchase new shares; transer their share; dividends and much more. However, <em>stockholders can not manage the operations of the company</em>, despict the fact that they do can control such operations, but not manage them. <u>It is not in their rights to deliver daily tasks and say what to do every time, in other words, managing</u>.
Answer:
B) debit to Accounts Receivable for $200.
Explanation:
Since Jefferson Cleaning has only performed half a month of cleaning, they can record an accounts receivable for half the months regular bill. The revenue recognition principle allows this, but generally it would be done because it is December 31 and the revenue account needs to be closed. If not, Jefferson should probably wait until the 15 of the following month before recording the total monthly bill.
The journal entry should be:
December 31, cleaning services performed at Willis Co.
Dr Accounts receivable 200
Cr Sales revenue 200
Answer:
Identification of Type of Account, etc.:
Letter Account
2. Sales & Services
6. Allowance to for Doubtful Accounts - 6. (Asset), Credit, Balance Sheet, No
1. Office Salaries Paid - Expense or Loss, Debit, Income Statement, Yes
Notes Payable
8. Cash - Asset, Debit, Balance Sheet, No
1. Sales Returns & Allowances - Expense or Loss, Debit, Income Statement, Yes
Explanation:
NB: Notes Payable are Liabilities, Credit, Balance Sheet, No.
The normal balance of Assets is debit. Assets are stated in the balance sheet and are not closed at the end of the period. The normal balance of Liabilities and Equity is credit. Liabilities and Equity are stated in the balance sheet and are not closed at the end of the period. The normal balance of Revenue or Gain is credit. Revenue or Gain is stated in the Income Statement and is closed at the end of the period. The normal balance of Expense or Loss is debit. Expense or loss is closed at the end of the period.
Answer:
0.78
Explanation:
beginning 22,000 with a cost of 15,675
started and completed: completed - beginning
99,000 - 22,000 = 77,000
equivalent units ending WIP 16,500 x100% = 16,500
equivalent units for materials 93,500
equivalent cost of materials: 73,260 / 93,500 = 0,78
for the equivalent cost we will calcualte only using the cost added during the period.
Answer:
$ 142 375
Explanation:
Thinking process:
Let the composite rate be given by the formula:
where
A = amount after interest
= interest rate
t = time
n = number of times (per year)
Therefore, this gives:
