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jekas [21]
2 years ago
10

Melissa writes checks to pay for her rent, utilities, and groceries, and she keeps a record of all these transactions in her che

ck register. Keeping an accurate check register helps Melissa
Business
1 answer:
Mice21 [21]2 years ago
7 0

Answer: Helps her keep track of where her money is going

Explanation:

One of the best way to keep record of expenditures is by tracking and placing carefully their transaction details and record. This helps in the area of accountability. Melissa does this to keep track of where her money is going so she can save and manage her resource properly.

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Moss Corp. owns 20°/o of Dubro Corp.'s preferred stock and 40o/o of its common stock. Dubro's stockoutstanding at December 31, Y
lbvjy [14]

Answer:

a. $22,000

Explanation:

Provided information we have,

Investment details in Dubro Corp.

20% in preferred stock

40% in Common stock

Provided net income = $60,000 and dividend to preference stock = $10,000

Therefore, net income after dividend = $60,000 - $10,000 = $50,000

Dividend on preference shares = $10,000 \times 20% = $2,000

Share in net income = $50,000 \times 40% = $20,000

Total part of income to be added in income statement = Dividend on preference capital + share of net income = $2,000 + $20,000 = $22,000

Therefore, correct option is

a. $22,000

8 0
3 years ago
A company has a total amount of 15 hours for one specific resource. The upper limit of this resource is 18 (the right-hand side
Greeley [361]

Answer: A. the company will be willing to pay a different amount for this resource.

Explanation:

The upper limit for the resource was 18 and anything up to 18 would have attracted the same shadow price (price company estimated it was willing to pay for access to this resource).

The access was increased past this limit however to 18.01. The company therefore will now have more access to the resource and so will be willing to pay a different amount for the resource.

4 0
2 years ago
Prepare the journal entries to record the assignment of direct materials and direct labor and the allocation of manufacturing ov
rosijanka [135]

Answer:

Note: The full question is attached below

Date      Accounts Title and Explanation        Debit     Credit

Mar-31   WIP-Fermenting Department            $15,971

                     Raw Material Inventory                                $9,288

                     Wages payable                                             $3,305

                     Manufacturing Overhead                             $3,378

              (Being cost assigned to WIP-Fermenting department)

3 0
2 years ago
A jewelry store promises to deliver custom-made wedding rings to a buyer within 2 weeks. However, it charges ten percent of the
Serggg [28]

Answer:

The correct answer is letter "B": It is taking deposits and progress payments.

Explanation:

Advance deposits and progress payments are the amount of money taken by an organization as part of the total amount charged for a good or service that is going to be provided. It is a form of endorsement that proves the buyer has a real intention in acquiring the good or service but also helps the organization to have immediate cash flow to pay for expenses such as the raw material that will be used for production (in the case of a good).

8 0
3 years ago
State Street Beverage Company issues​ $805,000 of​ 9%, 10-year bonds on March​ 31, 2017. The bonds pay interest on March 31 and
Citrus2011 [14]

Answer:

Option (B) If the market rate of interest is 10%, the bonds will issue at a discount

Explanation:

Interest rate risk is defined as the risk changing which, interest rates will affect bond prices. When current interest rates are greater than a bond's coupon rate, the bond will be sold below its face value at a discount. When interest rates are less than the coupon rate, the bond can be sold at a premium--higher than the face value.

7 0
3 years ago
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