Answer:
The correct answer is A
Explanation:
Master-detail relationship is the relationship where the master states the parent and detail states a child, in which the master object controls or regulate some behaviors of the detailed object.
Cross object formula field is the one, which spans 2 related references and the objects that merge fields on the objects. So, a developer will use the Cross object formula field for displaying into the related list.
Answer:
Analyze each transaction and indicate the amount of increases and decreases in the accounting equation.
Assets = Liabilities + Stockholder's equity
Explanation:
(a) Provide services to customers on account for $50,000.
Account receivable=equity ( net income (revenue)
50000=50000
(b) Receive cash of $42,000 from customers in (a) above.
Cash=-(account receivable)
(c) Purchase bike equipment by signing a note with the bank for $35,000.
equipment=account payable
(d) Pay utilities of $5,000 for the current month.
-cash=-equity ( expenses)
Answer:
a. $2,000 underapplied.
Explanation:
Estimated Overhead = $216,000
Estimated Professional hours = 18,000
Predetermined overhead rate = $216,000 / 18,000 = $12 per hour
Actual Professional hours = 17,500
Overhead applied = $12 x 17,500 hours = $210,000
Actual overhead = $212,000
Under applied overhead = Applied overhead - Actual overhead
Under applied overhead = $210,000 - $212,000
Under applied overhead = $2,000