1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maxonik [38]
2 years ago
14

A movie production studio incurred the following costs related to its current movie: Purchased office supplies on account: $36,0

00 Issued direct supplies: $22,509 Issued indirect supplies: $7,550 Time tickets showing direct labor: $32,503,220 Time tickets showing indirect labor: $574,322 Utilities expense on account: $957,320 Overhead applied: 10% of direct labor cost Create journal entries for the listed transactions. If an amount box does not require an entry, leave it blank.
Business
1 answer:
PilotLPTM [1.2K]2 years ago
4 0

Answer:

S/n   General Journal                   Debit        Credit

a.      Office supplies                  $36,000

              Account payable                              $36,000

b.      Work in process                $22,509  

              Office supplies                                 $22,509

c.      Manufacturing overhead   $7,550  

              Office supplies                                  $7,550

d.     Work in process                  $32,503,220

               Wages payable                                $32,503,220

e.     Manufacturing overhead    $574,327

               Wages payable                                $574,327

f.      Manufacturing overhead     $957,320

                Utilities payable                               $957,320

g.      Work in process                  $3,250,322

                 Manufacturing overhead                $3,250,322

You might be interested in
Rauch Incorporated leases a piece of equipment to Donahue Corporation on January 1, 2017. The lease agreement called for annual
REY [17]

Answer:

87 because he

Explanation: add then multiply;

6 0
2 years ago
Midwest Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $
Ne4ueva [31]

Answer:

Average rate of return =  14 %

Explanation:

Average rate of return = Annual average return/ Average Investment

Average investment =( Initial investment + scrap value)/2

Average investment = 138,000 + 12,000/2 =75,000

Average annual return = Savings in cost - energy cost - depreciation

Depreciation = (initial cost - scrap value)/2= (138,000 - 12,000)/2= 12600

Average annual return = 29,780-6,680-12600= 10500

Average rate of return = 10,500/75,000 × 100= 14 %

Average rate of return =  14 %

6 0
3 years ago
Winners of the Georgia Lotto drawing are given the choice of receiving the winning amount divided equally over 2222 years or as
Wewaii [24]

Answer:

0 i.e. zero

Explanation:

The formula we will us to calculate the cash option payout​ for formula for calculating the present value (PV) .

Present value (PV) can simply be described as the current value of a future amount or future stream of cash flows given a certain return rate.

To calculate the PV of a future cash flow, we will discount it by using the discount rate.

The formula is provided as follows:

PV = FV/(1 + r)^n ............................................ (1)

Where,

PV = Present Value = ?

r = discount rate = 66% = 0.66

FV = annual future value = $863,636.36

n = number of years = 2222 years

Note that the annual future value calculated by diving the $1919 million by 2222 years and this give us $863,636.36 (i.e.  1,919,000,000 ÷ 2222 = $863,636.36).

Substituting the figures above into equation (1), we obtain:

PV = 863,636.36/(1 + 0.66)^2222

     = 863,636.36/(1.66)^2222

     = 863,636.36/∞

PV = 0

This is because, the division of any number by infinity is equal to zero. And if we multiply by zero by 2222, it will still give us zero PV.

Therefore, the cash option payout​ will be zero. It is better the winner take the option of collecting $863,636.36.

5 0
2 years ago
Which of the scenarios are examples of free-riding?
bezimeni [28]

Answer:

b. Bob listens to the radio station several hours per day but never donates since he suspects that other people will donate enough to keep the station on the air. 

. Jim is working on a group project for a class in which he wants a high grade. However, since the grades are assigned to the group as a whole and he knows that the other group members will pick up most of the extra work, Jim calls in sick and plays video games on his Dream Station 64. 

Explanation:

Free riding is when a person enjoys the benefit of a good or service but doesn't pay for it. This is a form of market failure.

Bob listens to the radio but doesn't donate and Jim would benefit from the grade given to the group but doesn't participate. These are instances of free riding.

Karl doesn't drive at night and so doesn't enjoy the benefits of the street light and doesn't pay. This is not an instance of free riding.

I hope my answer helps

3 0
3 years ago
What is a benefit of online banking
liberstina [14]
A benefit of online banking is that you can check your account activity anywhere you're at and when ever you want with out having to go personally to the bank. online banking is available 24/7
<span />
3 0
3 years ago
Read 2 more answers
Other questions:
  • Campbell Clothing produces men's ties. The following budgeted and actual amounts are for 2016:
    8·1 answer
  • Jorge is creating a directory of student phone numbers and addresses. He performed a query to obtain the data he will include. H
    8·2 answers
  • You purchased 200 shares of ABC stock on July 15th. On July 20th, you purchased another 100 shares and then on July 22st you pur
    6·1 answer
  • GIVING AWAY BRAINLIST
    6·2 answers
  • How do long-term goals differ from short-term goals?
    13·1 answer
  • An automobile manufacturer has written a long PowerPoint presentation to share with investors about the upcoming year’s business
    7·1 answer
  • If an agreement can not be made, a democratic leader will
    8·1 answer
  • Click this link to view O*NET’s Work Context section for Human Resources Managers. Note that common contexts are listed toward t
    15·2 answers
  • An examination of Hyong Corporation's inventory accounts revealed the following information:
    5·1 answer
  • A student is writing a research paper about the poetry of the Harlem Renaissance. Which style guidelines will the student most l
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!