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Sonja [21]
2 years ago
9

During June, Buttrey Corporation incurred $84,000 of direct labor costs and $24,000 of indirect labor costs. The journal entry t

o record the accrual of these wages would include a:
Business
1 answer:
Natali [406]2 years ago
3 0

Answer:

debit to work in process of $84,000

Explanation:

Preparation of The journal entry to record the accrual of these wages

The journal entry to record the accrual of these wages would include a: DEBIT TO WORK IN PROCESS of 84,000

Debit work in process $84,000

Credit to factory payroll $84,000

(To record the accrual of wages)

Therefore The journal entry to record the accrual of these wages would include a: debit to work in process of $84,000

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True or false: Many companies are discontinuing defined-benefit plans and moving toward defined-contribution plans, which shifts
julsineya [31]

Answer:

False

Explanation:

A defined benefit pension plan is a type of pension plan where the employer gives a promise with respect to the particular pension payment that could be lumpsum for the retirement basis

Since in the question it is mentioned that the companies would not continue with the defined benefit plan and they move to the defined-contribution plans that save for the retirement so that it would create the more responsibility over the company due to this they would provide the retirement benefit but this statement is false as it is better to received the lumpsum amount

5 0
2 years ago
the original penguin clothing brand which features a cute penguin with a tie wrapped around its neck has made a successful comeb
Veronika [31]

​Assess organizational resources and evaluate risks and opportunities, It is this step in the marketing planning process that best corresponds to the articulation of a 10% increase in sales.

The marketing planning process is a methodical strategy for achieving marketing objectives. The marketing planning process includes the following steps: scenario analysis, goal-setting, strategy formulation, action programme development, implementation, control, review, and assessment. All of the managerial tasks of the company are coordinated with the aid of marketing planning process. In order to accomplish the general aims and goals of the company, it not only assists in coordinating the work of its own department but also in coordinating the managerial operations of every other department. Market penetration strategy, market development strategy, product development strategy, and diversification strategy are the four different types of the marketing planning processes.

Learn more about the marketing planning process here:

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7 0
2 years ago
Condensed financial data are presented below for the Phoenix Corporation:
dybincka [34]

Answer:

profit margin 7.77%

<em><u>Interpretation: </u></em> from evey dollar of sales the firm achieves almost 8 cent of net income

inventory turnover ratio 3.45

<em><u>Interpretation: </u></em>the inventory is sold 3 and a half times during the year

Explanation:

the profit margin is the quotient between net income and sales.

\frac{net \: income}{sales} = $profit margin

127,500 / 1,640,000 = 7.77%

the inventory turnover wil be the cost of good sold over the average inventory during the year

(312,500 + 257,500)/ 2  = 285,000

982,500 / 285,000 = 3,447368421

6 0
2 years ago
When organizing your report, what should you remember? check all that apply. identify the topic of the report in the closing. fo
navik [9.2K]
I would check all of those because they are all important. You need to stay clear by identifying the topic, to keep readers interested by finding things they enjoy, summarizing always leaves a clear thought in their heads, organizing and sequencing is important so that it’s easy to follow.
5 0
3 years ago
In what areas do federal agencies regulate to ensure safety and the general
NeTakaya

Answer:

d. All of the above

Explanation:

Government regulations are the rules that players in an industry must abide by. In a free-market economy like the US, the government's main role is to regulate economic activities. The government enforces regulation through its various agencies.

The areas of regulations include but are not limited to

  1. Protecting consumers from undue exploitation by businesses,
  2. Encourage fair business competition
  3. Promote a healthy, safe work environment for employees
  4. Promote and sustain a clean environment
  5. Private data protection and security
6 0
3 years ago
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