Answer: Debit Research and Development expense $477,000
Credit Cash $477,000
Explanation:
The journal entry simply refers to the recording of transactions that a company makes and it should be noted that the total amount that's gotten in the debit column must be equal to the total amount that us gotten in the credit column.
Based on the information given in the question, the journal entry for Sheffield Corporation will be:
Debit Research and Development expense $477,000
Credit Cash $477,000
Answer:
$74,120
Explanation:
Preparation of her ending stock basis
ENDING STOCK BASIS:
Beginning stock basis $36,800
Add:Increase in AAA $12,800
(.40 * $32,000)
Add:Increase in OAA $2,520
(.40 * $6,300)
Add:Stock purchase $22,000
Total Ending stock basis $74,120
Therefore her ending stock basis is $74,120
Answer:
Activity rate for testing $66.22 per test
Explanation:
we will divide the cost pool over the expected activity base
In this case we divide the $124,500 over the 1,880 tests
124,500 / 1,880 = 66,2234 = 66.22
Answer: This is an example of a DRILL DOWN report
Explanation:
Drill down means to seek out detailed additional information on a specific subject. It involves clicking on a subject, or link or object to reveal more detail about a particular information.
To drill down through a series of information means you want to get a specific information, it involves accessing information but starting first with the general options before proceeding through the database to get successive ideas on the subject matter. Most times people drill down on an information when they have only the summary, then they will "dig Futher" to get suitable information according to their logic.
Answer: It contributed to shortages of weapons and food.
Explanation:
As soon as the Civil War broke out, the President Lincoln ordered the Navy to blockade Southern ports so that they would not be able to get supplies from sympathetic nations.
The blockade had the desired effect because it contributed to shortages of weapons and food and ensured that the Union had significantly more resources to fight than the Confederacy did throughout the war.
