5. Destiny is asked if she wants to open a Macy's credit card on the spot when she is checking out.

WILL GIVE BRAINLIEST!!

anyanavicka [17]

Answer:

Explanation:

Of free enterprise

7 0

3 years ago

Following are the transactions of a new company called Pose-for-Pics.Aug. 1 Madison Harris, the owner, invested $8,000 cash and

Rama09 [41]

Answer:

Aug 1

Dr cash $8,000

Dr photography equipment $34,400

Cr Common Stock $42,400

Aug 2

Dr Prepaid Insurance $3,000

Cr Cash$3,000

Aug 5

Dr Office supplies $1,520

Cr Cash$1,520

Aug 29

Dr Cash $4,000

Dr photography fees earned $4,000

Aug31

Dr Utilities expense $884

Cr Cash $884

Explanation:

Preparation of the general journal entries for the above transactions.

Aug 1

Dr cash $8,000

Dr photography equipment $34,400

Cr Common Stock $42,400

(8,000+34,400)

Aug 2

Dr Prepaid Insurance $3,000

Cr Cash$3,000

Aug 5

Dr Office supplies $1,520

Cr Cash$1,520

Aug 29

Dr Cash $4,000

Dr photography fees earned $4,000

Aug31

Dr Utilities expense $884

Cr Cash $884

4 0

3 years ago

Based on expected production of 6,000 units, a company reports the following costs: direct materials cost of $4 per unit, direct

Akimi4 [234]

Answer:

Net operating income= $32,000

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the unitary fixed overhead and unitary total cost:

Unitary fixed overhead= 60,000 / 6,000= $10

Unit product cost= direct material + direct labor + total unitary overhead

Unit product cost= 4 + 8 + 3 + 10

Unit product cost= $25

Now, the net operating income:

Net operating income= Sales - COGS - Total variable selling and administrative expenses

Net operating income= 4,000*40 - 25*4,000 - (2*4,000 + 20,000)

Net operating income= 160,000 - 100,000 - 28,000

Net operating income= $32,000

8 0

3 years ago

On January 1, 2021, Warren Corporation had 1,000,000 shares of common stock outstanding. On March 1, the corporation issued 200,

evablogger [386]

Answer:

1,616,667

Explanation:

January-February 28 1,000,000*2/12=166,667

March-June 30 1,200,000*4/12= 400,000

July-September 30 1,200,000*2*3/12=600,000

October-December 31 (2,400,000-600,000)*3/12=450,000

Weighted Average Shares for EPS for 2021=1,616,667

7 0

4 years ago

A mortgage clause insurance a. gives the same protection as a loss payable clause b. entitles mortgages to payment even when ins

scZoUnD [109]

Answer:

Mortgage clause insurance entitles the mortgages to make payment even when the insured have prejudiced their own rights under the terms of the policy.

Explanation:

A mortgage clause is one in which the property insurance policy states that the company of property insurance will pay out the claims to both the parties that is mortgagor (mortgage holder) and the mortgagee (mortgage lender).

It serves the purpose or objective of making sure that the parties will not suffer the losses who give mortgage loans if something happens to the property which is mortgage is for.

4 0

3 years ago