Coca-cola provides a children's center with props, costumes, and decorations for use in a community play. this type of activity is known as sponsorship. Coco-cola is sponsoring the children's center by giving/donating items to the children's center. Normally, these items will have the logo or brand of company that is giving donations on the items so that when people see them, they think of the company.
Answer:
Advertisements and promotional schemes have to be introduced to make people aware of their product.
Explanation:for new business to survive in a foreign country is not always easy so, there must creat more awareness for people to know the and the product they are offering and this can be done by advertising and promotions
Answer:
Account receivable = $889,000
Explanation:
The company would record as net receivables, the total amount on accounts receivable less total amount on the allowance for uncollectible account.
The above means that the balance would represent the amount of credit that has gone bad hence the value represent balance on net receivable account.
Therefore,
Accounts receivable
= Adjusted balance in accounts receivable - Allowance for doubtful account
= $980,000 - $91,000
= $889,000
Answer:
B
Explanation:
When a company issues shares, ‘cash’ is debited because money has come into the firm (debit means addition). ‘Equity’ is credited however because it is money the business is owing to the business owners (credit means negative)
Equity is always a credit balance when new shares are issued. It means the business is owing more to the business owners.
Note that Equity is a credit balance (in negative position) while Asset is a debit balance (positive)
In our case, we have added more business owners by getting more money to the business to the tune of $100,000. We will therefore credit equity by -$100,000). Since money came in, we also debit cash by adding an equivalent +$100,000.
The entry is therefore balanced and correct!
Answer:
Total Overhead Cost is $ 510,000 for 78,000 direct labor hours
Explanation:
Corrington Manufacturing Company
Fixed Budget 80,000 direct labor hours
Variable Overhead $400,000
Fixed Overhead $120,000
Flexible Budget 78,000 direct labor hours
Variable Over head = $ 400,000/ 80,000 * 78,000= $ 390,000
Fixed Overhead $120,000
Total Overhead Cost is <u> $ 510,000 </u> for 78,000 direct labor hours
First we divide the variable overhead with the budgeted number of direct labor hours and then multiply it with the flexible labour hours to get the variable overhead at this activity level . The fixed overhead does not change.
