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3 years ago

According to the basic double entry principle of accounting, we

Business

1 answer:

Vlad1618 [11]3 years ago

8 0

Answer:

D. Any of the above, depending on the transactions

Explanation:

The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.

For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.

If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.

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Sleep master, inc. manufactures bedding sets. the budgeted production is for 57,000 comforters in 2013. each comforter requires

pentagon [3]

Answer:

Total Material cost = $507,000

Explanation:

Material budget shows the total budgeted material cost for a specific period.

Sleep master, inc.

Direct Material Budget

December 31, 2013

Budgeted production units 57,000

yards required per comforter × 6

Materials needed for production = 342,000 yards

Add: Ending Material Inventory = 27,000 yards

Total Material units required = 369,000 yards

Less: Beginning Materials = (31,000) yards

Material used = 338,000 yards

Cost per yard × $1.50

Total Material cost = $507,000

5 0

3 years ago

The general willingness of consumers to purchase a product at various prices is __________.

Wittaler [7]

Demand.

If you found this especially helpful, I'd appreciate if you'd vote me Brainliest for your answer. I want to be able to assist more users one-on-one, as well as to move up in rank! :)

4 0

3 years ago

Suppose the Federal Reserve announces that it will be making a change to a key interest rate to increase the money supply. This

lubasha [3.4K]

Answer:

Correct option is B

The Federal Reserve is worried about unemployment

Explanation:

We know from phillips curve, there is a backwards connection between swelling rate and joblessness rate. Hence joblessness rate can be diminished by expanding expansion which should be possible by expanding cash supply.

Or then again an expansion in cash supply will diminish loan fee prompting increment in venture and subsequently increasingly capital development, because of which more work is required and therefore joblessness diminishes.

4 0

3 years ago

West company declared a $0.50 per share cash dividend. the company has 190,000 shares issued, and 10,000 shares in treasury stoc

Damm [24]

To record the dividend declaration
Ordinary Share Capital $90000
Dividend Payable $90000
to record payment
Dividend Payable $90000
Cash $90000

The amount is derived from the shares issued and outstanding so, the 190000 issued is deducted by 10000 treasury shares because treasury shares are reacquired by the company so it is not an outstanding share, then just multiply the answer with the dividend per share to arrive at $90000

190000-10000shares * $.50 =$90000

4 0

3 years ago

Read 2 more answers

Zupiter Corp. follows a culture that requires strict adherence to rules and regulations with fixed time schedules for daily acti

kotykmax [81]

Answer:

consistency corporate culture.

Explanation:

Since in the situation it is given that the corporation follows the culture that means they are strict to the rule and regulations along with the time scheduling that are fixed for day to day activities so that the business could be conducted in the methodical manner so here we can say that the culture of the corporate is consistent that means it is same as before and the same should be applied in near future

3 0

3 years ago