The Answer Is In Fact "Liquefaction".
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Answer:
The correct answer is:
100,000 equivalent units (c.)
Explanation:
The equivalent units of production refers to all the units completely produced during the period, and this includes;
units completed and transferred out = 85,000 units
30% of ending work in process inventory = 30% of 50,000
= 30/100 × 50,000 = 0.3 × 50,000 = 15,000 units
∴ Equivalent units of production = (units completed and transferred out) + (30% of ending work in process inventory)
= 85,000 + 15,000 = 100,000 units.
Answer and Explanation:
The journal entries are shown below:
On December 31
Bad debt expense Dr $5,232 ($654,000 × 0.80%)
To Allowance for doubtful debts $5,232
(To record the bad debt expense)
On Feb 01
Allowance for doubtful debts Dr $327
To Account receivable $327
(To record the uncollectible amount)
On June 5
Account receivable $327
To Allowance for doubtful debts Dr $327
(To record the uncollectible amount)
On June 5
Cash Dr $327
To Account receivable $327
(To record the cash received)
Answer:
The budgeted cash disbursements for August are $532,000
Explanation:
Amount of cash the company pays for purchases in August:
30% x Materials purchases in July + 70% x Materials purchases in August = 30% x $250,000 + 70% x $420,000 = $369,000
The budgeted cash disbursements for August = Cash paid for purchasing materials + Wages Expense + Purchase of office equipment + Selling and Administrative Expenses = $369,000 + $60,000 + $64,000 + $39,000 = $532,000
Noted: Depreciation is a non-cash accounting expense, so it doesn't involve cash flow