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bearhunter [10]
3 years ago
7

Journalize the following selected transactions of Miramax Rentals. Omit explanations.

Business
1 answer:
alexandr1967 [171]3 years ago
8 0

Answer and Explanation:

The journal entries are shown below:

On Aug 1

Inventory  Dr     $850

      To Accounts payable $850

(Being inventory purchased on account)

On Aug 8

Cash Dr     $125

      To Advance deposit a/c $125

(Being cash receipts is recorded)

On Aug 20

Accounts Receivable Dr $1250

         To Rental Revenue  $1250

(Being revenue is recorded)

On Aug 31

Utility expense Dr $180

       To Cash $180

(Being cash paid is recorded)

On Aug 31

Cash Dr $600

      To Accounts Receivable a/c $600

(Being cash received is recorded)

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Kimble Company applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under-
likoan [24]

Answer:

overhead rate $4 per machien hour

applied overhead 1,560,000

The overhead was underapplied for 15,000

entry to adjust against COGS

Cost of Goods of sold   15,000 debit

            Factory overhead      15,000 credit

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

we divide the expected overhead over the total amount of budgeted machine hours to determinate the overhead rate:

1,600,000 / 400,000 =  $4 per machine hours

Actual machine hours 390,0000

applied overhead:

actual cost driver x  rate per driver

390,000 x $4 = 1,560.000‬ applied overhead

Actual overhead 1,575,000

As aplies is lower, we should adjust for 15,000 difference

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3 years ago
4. If you were going to spend more on marketing, which product would you<br> emphasize and why?
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Pastries

Explanation:

The marketing in pastries is mandatory as is the slow mover of the products line. The 10.8% participation in the total of sales depict a loss of margin therefore this product needs marketing to improve the sales share.

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3 years ago
The Keynesian analysis of
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Answer:

an increase in the real money

supply, a decline in interest rates,

an increase in investment

spending, and an increase in

aggregate output demanded.

Explanation:

an increase in the real money

supply, a decline in interest rates,

an increase in investment

spending, and an increase in

aggregate output demanded.

an increase in the real money

supply, a decline in interest rates,

an increase in investment

spending, and an increase in

aggregate output demanded.

an increase in the real money

supply, a decline in interest rates,

an increase in investment

spending, and an increase in

aggregate output demanded.

an increase in the real money

supply, a decline in interest rates,

an increase in investment

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aggregate output demanded.

an increase in the real money

supply, a decline in interest rates,

an increase in investment

spending, and an increase in

aggregate output demanded.

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Suppose that the home country in the two-sector (manufacturing and agriculture) specific-factors model has a comparative advanta
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In a situation such as this one the individual workers and their families may be better off or may actually do worse due to the real wage rises in terms of agricultural goods but the real wage in terms of the manufactured goods will actually fall. Therefore it depends on the worker's unique situation and in which sector they are in which determines if they are better or worse.

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3 years ago
The unequal distribution of wealth, income, power, and poverty is called
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