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2 years ago

FedEx Corporation (FDX) had the following revenue and expense account balances (in millions) for a recent year ending May 31:

Business

1 answer:

suter [353]2 years ago

4 0

Answer and Explanation:

The preparation of the income statement is presented below:

Revenue $26,300

Expenses:

Depreciation expense $985

Fuel expense $3,438

Maintenance and repairs expense $1,675

Other expense(income) net $5,319

Provision for Income taxes $857

Purchased Transportation $1,281

Rentals and Landing fees $1,862

Salaries and Employee benefits $9,387

Net income $1,496

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On October 1, Eder Fabrication borrowed $84 million and issued a nine-month, 15% promissory note. Interest was payable at maturi

taurus [48]

Answer and Explanation:

The journal entries are shown below:

Cash $84,000,000

To Notes payable $84,000,000

(Being issuance of the note is recorded)

Interest expense($84,000,000 × 15% × 3 ÷ 12) $3,150,000

To Interest payable $3,150,000

(Being interest expense is recorded)

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2 years ago

A company that formerly produced software went out of business because too many potentialcustomers bought illegally-produced cop

IceJOKER [234]

Answer:

c.inadequate enforcement of property rights.

Explanation:

A company that previously provided software moved out of marketing because too many potential consumers bought illegally produced copies of software alternatively of buying the product straight from the company. this instance works as a model of <u>inadequate enforcement of property rights</u>. Basically, property rights remain speculative socially-enforced constructs in commerce for ascertaining how a resource or business asset is utilized as well as occupied.

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2 years ago

The ppt slides suggest the use of control charts and using deming's ideas of quality control to help with the management of asth

hichkok12 [17]

<span>The Deming's ideas of QC work in any process, including health conditions. If the randomly chose asthma patients are checked regularly/periodically and they follow the Demings' rule, it may be concluded that the treatment regime is successful at the required levels of health.</span>

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3 years ago

All of the following are examples of retailers EXCEPT?

fiasKO [112]

Answer:

your answer is c.

Explanation:

it says they all sell their own products except c, which says they sell consmetics, not retailing their own

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2 years ago

Read 2 more answers

Work-in-process that is being transferred into a department is debited to that work-in-process account, while work-in-process th

oksian1 [2.3K]

Answer:

True

Explanation:

Work in process refers to those goods which require further processing. When a department transfers work in process(WIP) to another department, the recipient department's stock of WIP is debited i.e debit the receiver principle.

Similarly work in process that is being transferred out of a department would be recorded like Purchase return i.e credit what goes out.

A debit in WIP account increases it's balance whereas a credit in WIP account reduces it's balance.

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3 years ago