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Novosadov [1.4K]
2 years ago
13

During the current month, Ringling Company incurs the following manufacturing costs:

Business
1 answer:
melisa1 [442]2 years ago
7 0

Answer:

Part a

Debit  : Raw material $4,200

Credit : Accounts Payable $4,200

Part b

Debit  : Salaries $18,000

Credit : Salaries Payable $18,000

Part c

Debit  : Factory utilities $2,200

Debit  : Factory Insurance $1,800

Debit  : Depreciation  $3,500

Credit : Overheads $7,500

Explanation:

The journal entries for each type of manufacturing cost have been prepared above.

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Edna is a leading brain surgeon in the United States. She enters into a contract to perform a complicated brain surgery on Ben.
Natasha2012 [34]

Complete Question:

Edna is a leading brain surgeon in the United States. She enters into a contract to perform a complicated brain surgery on Ben. However, since Edna is very busy, she wants to assign this contract to a less experienced surgeon, Charles. This would be Charles's first operation of this type. Ben can object to this assignment and prevent it because the contract between Ben and Edna is a(n):

Group of answer choices.

A. contract for services to be performed in the future.

B. contract involving personal skill.

C. services contract.

D. employment contract.

Answer:

B. contract involving personal skill.

Explanation:

In this scenario, Edna a leading brain surgeon in the United States enters into a contract to perform a complicated brain surgery on Ben. However, Edna is very busy and wants to assign this contract to a less experienced surgeon, Charles which would be his first operation of this type. Hence, Ben can object to this assignment (brain surgery) and prevent it because the contract between Ben and Edna is a contract involving personal skill.

Apparently, it can be deduced that Edna has competent and professional skills which is the reason why she's the leading brain surgeon in USA. Ben having this information at his disposal chose to go into the contract with Edna, who is an experienced brain surgeon. Therefore, the contract between the two (2) parties is solely based on Edna's personal skill.

6 0
3 years ago
Friendly's quick loans, inc., offers you $5.25 today but you must repay $6.45 when you get your paycheck in one week (or else).
LenaWriter [7]
For simplicity, we will assume 52 weeks in a year (instead of 365 days).
The rate of interest per week actually charged is
6.45/5.25-1
=1.2285714-1
=0.22857142857
=22.85714%

Effective Annual Rate (EAR) is obtained by <em>compounding</em> the weekly rate for one year (52 weeks)
EAR=(1+i)^n-1
=(1+.228571428571428)^52-1
=44546.2997
=4454629.97%
note: most calculators may not display this value with sufficient accuracy.

The corresponding APR is obtained by <em>multiplying</em> the weekly rate by 52
APR=52*(6.45/5.25-1)
=52(6.45/5.25-1)
=11.885714
=1188.57%


8 0
3 years ago
What is interest?
Ilia_Sergeevich [38]
The answer is B. Thanks for your question! Don't forget to rate and give me the brainliest answer! Then, I can help you with all your problems! ^-^ ~

5 0
3 years ago
Read 2 more answers
Your spouse is a teacher at the local elementary school. Which retirement plan would she most likely have?
Mamont248 [21]
The retirement plan she most likely has is the 401(k)

Well, actually both 401k and 403 b offer similar system of retirement. But 401k is more commonly used by middle-lower class worker, including elementary school teacher
7 0
3 years ago
Jenna would like to work as a computer programmer. While in college, Jenna worked in a bookstore, where she eventually moved up
TiliK225 [7]
<span>the answer d Jenna is incorrect; working in the bookstore gave her the management experience valuable in different fields.
Even though jenna's decision is correct in quitting her job in the bookstore and start to pursue her dream, her view on her previous job is wrong.
With ther past experience, Jenna now has additional skills in leading team members which would be extremely useful for her next job.</span>
4 0
3 years ago
Read 2 more answers
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