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3 years ago

Fleming corp. provided services on account. the transaction would be recorded with a credit to:

1 answer:

7 0

Fleming corp. provided services on account. The transaction would be recorded with a credit to service revenue. The transaction will also be recorded on the accounts receivable ledger as well. Service revenue is an account used in accrual accounting that reports fee income that a company earns during a specific time frame. Accounts receivable is an account that shoes money that is owed to a company by its debtors.

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An October sales forecast projects that 7,000 units are going to be sold at a price of $11.50 per unit. The desired ending inven

REY [17]

Answer:

The correct answer is:

$80,500 (b.)

Explanation:

First of all, not that total anticipated October sales is the same thing as projected October sales. Therefore, this sale is calculated as follows:

Projected sales = 7,000

unit price = $11.50 per unit

Therefore

Price for 7,000 units = 11.5 × 7,000 = $80,500

5 0

3 years ago

Abc company was originally divided into separate units based on function. last year, abc company expanded into several new geogr

7nadin3 [17]

Abc migrated to a Corporation type of company to reduce cost.

3 0

4 years ago

Read 2 more answers

Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp pro

bonufazy [111]

Answer:

the equivalent units of production for materials = 352,616 units,

the equivalent units of production for for labor and overhead (conversion) = 339,304 units

Explanation:

First Determine the physical units that were Completed and Transferred out

<em>Units Completed and Transferred = Units in Opening Work In Process + Units Started During the Year - Units in Closing Work In Process</em>

= 80,400 + 301,400 - 51,200

= 330,600

Calculation of Equivalent Units of Production for

1. Materials

Units Completed and Transferred ( 330,600 × 100%) = 330,600

Units in Closing Work In Process ( 51,200 × 43%) = 22,016

Total Equivalent Units of Production for Materials = 352,616

2. Labor and Overhead

Units Completed and Transferred ( 330,600 × 100%) = 330,600

Units in Closing Work In Process ( 51,200 × 17%) = 8,704

Total Equivalent Units of Production for Conversion = 339,304

3 0

3 years ago

As people have become more healthminusconscious and decided to eat food that is better for them_________

vitfil [10]

As people have become more health-conscious and decided to eat food that is better for them the demand curve for oranges and apples has shifted to the right.

4 0

3 years ago

Monumental, Inc. contracts with Champion Builders to erect a three-story office building on a parcel of land it has purchased. B

Elza [17]

Answer:

A) True

Explanation:

Monumental can discharge the contract by frustration. In order for a contract to be discharged by frustration, four conditions have to occur:

An unforeseeable event must occur: In this case the zoning changes were unforeseeable.
No party is at fault: the zoning board made the changes to the zoning of the land.
Performance is impossible: there is no reason why an office building should be built in a residential only area.
The result is radically different than expected: neither Monumental or Champion Builders expected a zoning change to occur.

7 0

3 years ago