Prepare adjusting entries for the following transactions.

City residents were recently surveyed about issues of importance in their neighborhoods. Most agreed that crime was a big concer

Feliz [49]

Having more police around would decrease the crime rates because the criminals would either be scared of getting caught or would attempt and get caught.
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Therefore, your answer would be
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D. City residents will support mayoral candidates who propose increasing the size of the police force.
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Hopefully, that helped!

8 0

3 years ago

Read 2 more answers

Kimberly sold equipment that she uses in her business for $50,000. Kimberly bought the equipment two years ago for $60,000 and h

PSYCHO15rus [73]

Answer:

$20,000 ordinary gain

Explanation:

Data provided in the question:

Cash proceeds from Selling of the equipment = $50,000

Purchasing cost of the equipment = $60,000

Depreciation expense = $30,000

Now,

The book value of the equipment

= Purchasing cost of the equipment - Depreciation expense

= $60,000 - $30,000

= $30,000

Since,

the amount of proceeds from sales is higher than the book value of the equipment

Therefore a gain will be recognized

The amount of Gain = proceeds from Selling - book value

= $50,000 - $30,000

= $20,000

Hence,

$20,000 ordinary gain

7 0

4 years ago

Sales and Production Budgets Ultimate Audio Company manufactures two models of speakers, U500 and S1000. Based on the following

mixas84 [53]

Answer:

Part a

Ultimate Audio Company

Sales Budget

For the Month Ending June 30

Product and Area Unit Sales Volume Unit Selling Price Total Sales

Model U500 :

Northeast Region 140,000 $45 $6,300,000

Southwest Region 160,000 $45 $7,200,000

Total $13,500,000

Model U500 :

Northeast Region 100,000 $80 $8,000,000

Southwest Region 125,000 $80 $10,000,000

Total $18,000,000

Total Revenue from Sales $31,500,000

Part b

Ultimate Audio Company

Production Budget

For the Month Ending June 30

Model U500 Model S1000

Expected Units to be Sold 300,000 225,000

Add Desired Closing Inventory 30,000 15,000

Total 330,000 240,000

Less Desired Opening Inventory (25,000) (10,000)

Total Production 305,000 230,000

Explanation:

Note : I have attached the complete question as images below !

A Sales Budget shows the Total Expected Revenue from sale of budgeted units.

Total Revenue = Total Expected Units Sales x Selling Price Per Unit

A Production Budget shows the number of units to be produced to meet the Sales and Inventory targets

Total Production = Expected Sales + Desired Closing Inventory - Desired Opening Inventory

5 0

4 years ago

Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direc

Agata [3.3K]

Answer:

b.$487,900.

Explanation:

Underapplied overhead occurs when the actual amount of manufacturing overhead incurred is higher than expected.

Since the manufacturing overhead for the year was underapplied by $23,540 in the question, the estimated manufacturing overhead at the beginning of the year used in the predetermined overhead can be calculated just deducting $23,540 form the actual as follows:

Estimated manufacturing overhead at the beginning of the year = $511,440 - $23,540 = $487,900.

7 0

4 years ago

CONSIDER a JOB THAT PAYS 100,000 PER YEAR. FEDERAL INCOME TAX IS 19% AND STATE INCOME TAX IS 7% WHAT IS THE ANNUAL TOTAL OF THE

FrozenT [24]

100000 X 19% = 19000

100000 X 7% = 7000

Total deduction: $26,000

$74,000 per year he will get after deduction

6 0

3 years ago