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3 years ago

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A company requisitioned $40,000 in direct materials and $30,000 in indirect materials from the storeroom to be used in productio

n. The journal entry to record this transaction debits ______.

1 answer:

UNO [17]3 years ago

4 0

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Sandy borrows Mike’s car for weekend. The car gets a flat tire, so Sandy purchases a new one. Mike now owns the new tire. This m

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Mike gained the property through acession because Sandy's tire was attached to his car so he gained the tire.

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almond37 [142]

Answer:

$423,000

Explanation:

Initial accounts payable added to any purchases made during the period must equal ending accounts payable plus cash payments. Therefore, the amount of budgeted cash payments is:

$\$95,000 + \$420,000 = \$92,000 + budgeted\ cash\ payments\\budgeted\ cash\ payments = \$423,000$

The amount of budgeted cash payments is $423,000.

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The first economist was:

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3 years ago

A company budgets the following merchandising purchases: April: $70,000; May $90,000; June: $60,000. All purchases are on accoun

velikii [3]

Answer:

$77,500

Explanation:

The computation of the cash disbursement for June month is shown below:

= June purchase × month percentage given + May purchase × following month percentage + April purchase × second following month percentage

= $60,000 × 25% +$ 90,000 × 50% + $70,000 × 25%

= $15,000 + $45,000 + $17,500

= $77,500

The remaining percentage would be

= 100% - 25% - 50%

= 25%

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3 years ago