1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Sveta_85 [38]
3 years ago
7

Rogers Manufacturing's overhead at year-end was underapplied by $5,800, a small amount given the firm's size. The year-end journ

al entry to record this amount would include:
Business
1 answer:
Maksim231197 [3]3 years ago
3 0

Answer:

Date           Account Title and Explanation          Debit     Credit

XXXX          Cost of goods sold                            $5,800

                     To manufacturing overhead                            $5,800

             (Entry for unapplied overhead transfer to cost of goods sold)

You might be interested in
Which is the correct order of entities who benefit when banks make a profit
Kitty [74]
D. Shareholders, companies, and the economy is the answer.

Hope it helps.
7 0
3 years ago
Read 2 more answers
A wholly owned subsidiary is appropriate when the firm wants Multiple Choice 100 percent of the profits generated in a foreign m
bezimeni [28]

Answer:

A wholly owned subsidiary is appropriate when the firm wants

100 percent of the profits generated in a foreign market.

Explanation:

100 percent ownership means 100 percent taking of the whole profits or losses generated by a company's subsidiary.  It is only when a subsidiary is not wholly owned that the profits or losses generated by the subsidiary can be shared.  When a company can afford it, they can take 100 percent ownership so that they can control the company wholly without any interference because ownership dictates control.

7 0
3 years ago
Red Rock Bakery purchases land, building, and equipment for a single purchase price of $260,000. However, the estimated fair val
telo118 [61]

Answer:

Land ($91,000), building ($143,000) and equipment ($26,000)

Explanation:

We can allocate the fair values as follows:

Particulars          Fair value          Allocated amount

                               (a)                 (b) = (a)/Total*$260,000

Land                    $126,000                 $91,000

Building                 198,000                 143,000

Equipment              36,000                  26,000

Total                   $360,000              $260,000

The amount that the company would record for the individual asset is as provided above.

4 0
3 years ago
Marigold Corp. had 302000 shares of common stock issued and outstanding at December 31, 2017. No common stock was issued during
Paul [167]

Answer:

EPS = 1.077

Explanation:

302,000 shares at december 31th, 2017

202,000 issued

504,000 total

(net income - preferred stock dividends) / common stock

(626,000-83,000 ) /  504,000 = EPS = 1.077380952 = 1.077

4 0
3 years ago
What is an example of a long term liability?
sergij07 [2.7K]
Prporety it is the long-term
6 0
3 years ago
Read 2 more answers
Other questions:
  • On January 1, 2016, Denver Company borrowed $25,000 by issuing a 5-year note to Capital Bank. The note had a 10% annual rate of
    10·1 answer
  • Barton's Taco Tico has four taco makers and ten other employees who take orders from customers and perform other tasks. The four
    14·1 answer
  • A country has a total civilian population (over age 16) of 300 million. Of this population, 225 million are employed, 25 million
    6·1 answer
  • On June 30, 2020, Mischa Auer Company issued $4,000,000 face value of 13%, 20-year bonds at $4,300,918, a yield of 12%. Auer use
    14·1 answer
  • "Given current demographic trends, which of the following is NOT a strategy companies would use to gain a competitive advantage
    10·1 answer
  • Performance appraisals generally fulfill two functions. The first is to identify individual strengths and weaknesses and to deve
    12·1 answer
  • Which of the following statements is generally true about arbitration? Group of answer choices Courts may set aside an arbitrati
    7·1 answer
  • . The _______ of a forward contract is obligated to ______ delivery and pay for the contracted goods at the forward price; the _
    15·1 answer
  • One of two methods must be used to produce expansion anchors. Method A costs $80,000 initially and will have a $15,000 salvage v
    7·1 answer
  • Wolf Computer exchanged a machine with a book value of $40,000 and a fair value of $45,000 for a very similar machine. In additi
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!