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
victus00 [196]
2 years ago
8

4. Which of the following statements is true about debits?

Business
1 answer:
Contact [7]2 years ago
5 0

Answer:

I believe the answer is d

You might be interested in
The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000;
andriy [413]

Answer:

Wilkens' days in inventory for 2017 = 60.833

Explanation:

Given:

Sales = $1,800,000

Beginning inventory = $160,000

Ending inventory = $240,000

Gross profit = $600,000

Inventory turnover = 6 times

Wilkens' days in inventory for 2017 = ?

Computation of Wilkens' days in inventory for 2017:

Wilkens' days in inventory for 2017 = Number of days in a year / Inventory turnover

Wilkens' days in inventory for 2017 = 365 / 6 times

Wilkens' days in inventory for 2017 = 60.833

7 0
3 years ago
Orlando Company, which applies overhead to production on the basis of machine hours, reported the following data for the period
astraxan [27]

Answer:

$37,600 favorable

Explanation:

Variable overhead spending variance can be computed as;

= (Actual hours worked × Actual variable overhead rate) - ( Actual hours worked - Standard variable overhead rate)

= ( 18,800 hours × $77,700/12,000) - (18,800 hours × $4.5)

= [(18,800 × $6.5) - (18,800 × $4.5)]

= $122,200 - $84,600

= $37,600 favorable

6 0
2 years ago
Alliance Company's budgets production of 39,000 units in January and 43,000 units in the February. Each finished unit requires 4
Ket [755]

Answer:

The correct answer is 160,800 pounds.

Explanation:

According to the scenario, the computation of the given data are as follows:

Budget production in Jan = 39,000 units

Raw material per unit = 4 pounds

So, total raw material needed = 39,000 × 4 pounds = 156,000 pounds

Beginning inventory = 46,800 pounds

Ending inventory = (43,000 × 4 pounds ) × 30% = 51,600 pounds

So, Budgeted material needed = Total raw material + Ending inventory - Beginning inventory

= 156,000 + 51,600 - 46,800

= 160,800 pounds

8 0
3 years ago
Felice bought a duplex apartment at a cost of $165,000. Her mortgage payments on the property are $1,520 per month $666 of which
ivanzaharov [21]

The Rent per apartment Felice should charge is the PITI plus expected profit, (where PITI is principal, interest, taxes, and insurance) which is <em>$8,516</em>.

Data and Calculations:

Cost of a Duplex Apartment = $165,000

Monthly mortgage payments = $1,520

Deductible mortgage payment = $666

Annual Real Estate Taxes = $1,752

Annual Insurance costs = $1,464

Annual Maintenance costs = $1,230

Annual profit expected = $2,550

Rent to charge = PITI + Profit

= $8,516 ($1,520 - $1,752 - $1,464 - $1,230 + $2,550)

Thus, the Rent per apartment Felice should charge is the PITI plus expected profit, (where PITI is principal, interest, taxes, and insurance) which is <em>$8,516</em>.

Learn more about PITI here: brainly.com/question/1395659

8 0
3 years ago
Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when
swat32

Answer:

Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when no workers are hired. In addition, suppose that the average total cost when 5 units of output are produced is $60, and the marginal cost of the sixth unit of output is $120. What is the average total cost when six units are produced

4 0
2 years ago
Other questions:
  • A father and his son are celebrating the father's 75th birthday. Drink for drink, who will most likely have a higher BAC ?
    12·2 answers
  • Suppose winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. one
    8·1 answer
  • Joan has 40 employees and produces 800 units of output; when she adds one more employee to her construction company. The total o
    15·1 answer
  • The factor that determines whether a product is classified as a consumer product or an industrial product is:
    15·1 answer
  • If the Federal Reserve adopts an expansionary monetary policy, A) interest rates fall and credit is tight. B) interest rates ris
    12·2 answers
  • William won the company contest to devise the most innovative ways to market the company's products. William suggested 40 differ
    11·1 answer
  • A manufacturer of tiling grout has supplied the following data:
    10·1 answer
  • Supervisor: "I need you to work on your team retention."
    9·1 answer
  • Depreciation: Is the process of allocating to expense the cost of a plant asset. Measures the decline in market value of an asse
    15·1 answer
  • Which of the following describes the mission of an organization? a. Who are we? Who will we become? b. What do we stand for and
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!