Explanation:
The journal entries are as follows
1. Raw material inventory $5,100
To Account payable $5,100
(Being the raw material is purchased on account)
2. Factory labor $5,100
To Factory wages payable $1,700
To Payroll tax payable $2,900
(Being the factory overhead cost is recorded)
3. Manufacturing overhead $2,900
To Utilities payable $2,900
(Being the overhead cost is recorded)
Answer:
B
Explanation:
Here, in this question, we are asked to determine the decrease in notes payable that peachtree should record in the first year.
To determine this, we proceed as follows;
Interest payment for the first year = 30000*7% i.e 2100
Principal amount paid = Total amount paid - Interest amount
= 7317 -2100 i.e 5217
Notes payable should be reduced by 5217
Answer:
$1,312.50
Explanation:
Calculation for How much was the referring agent paid
First step is to find the buyer agent amount by using the buyer's agent percentage to multiply the buyer purchased amount of the home
Using this formula
Buyer agent amount =Buyer's agent percentage× Home purchased amount
Let plug in the formula
Buyer agent amount=1.5%×$350,000
Buyer agent amount=$5,250
The last step is to find How much was the referring agent paid
Using this formula
Amount referring agent paid =Buyer agent amount× Percentage of buyer side commission
Let plug in the formula
Amount referring agent paid=$5,250×25%
Amount referring agent paid=$1,312.50
Therefore the amount that the referring agent paid will be $1,312.50
Answer:
Business is a commercial activity or a persons regular occupation , profession or trade.
Every indexed stock choice agreement offers the holder the right to buy or promote a hundred shares of stock.
A share is a piece of the agency an investor can personalize. A proportion is a unit of ownership (e.g., you very own 10 shares), whereas inventory is a measurement of fairness (e.g., you personal 10% of the agency). think of stocks as a small portion of an enterprise.
Definition: 'stock' represents the holder's part-possession in a single or several groups. in the meantime, 'percentage' refers to an unmarried unit of possession in a corporation. as example, if X has invested in stocks, it is able to imply that X has a portfolio of shares across special companies.
Shares are gadgets of fair ownership in an organization. For some companies, shares exist as an economic asset providing for an identical distribution of any residual earnings, if any are declared, in the form of dividends.
Learn more about Shares here: brainly.com/question/25818989
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