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just olya [345]
3 years ago
12

Templeton Corporation recently used $75,000 of direct materials and $9,000 of indirect materials in production activities. The j

ournal entries reflecting these transactions would include:
Business
1 answer:
maksim [4K]3 years ago
3 0

Answer:

A Debit to manufacturing overhead for $9,000

Explanation:

Based on the information given in a situation where the Corporation recently used the amount of $9,000 of indirect materials during the production activities which means that The journal entries that will reflect these transactions would include a DEBIT to MANUFACTURING OVERHEAD of the amount of $9,000 which is the amount of indirect materials that was used during the production activities

A debit to manufacturing overhead for $9,000

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Which of the following statements about capitalism and socialism is correct?
Ronch [10]

Answer: Which of the following statements about capitalism and socialism is correct? All of the responses are correct.

Explanation: Socialist nations are less economically productive. Capitalist nations have greater economic inequality. Capitalist nations are more economically productive. All of these statements regarding capitalism and socialism are true. Capitalism is an economic and political system where the trade and industry of a country are controlled by private owners for profit instead of the state having control. Socialism is an economic and political system where different organizations control production, distribution, and the exchange of goods and services.

4 0
3 years ago
In the five forces model, the __________ that companies compete against one another for customers, the _________ the level of pr
slava [35]
<span>In the five forces model, the more that companies compete against one another for customers, the lower the level of profits is likely to be for that industry.</span>
3 0
4 years ago
Cintas designs and manufactures uniforms for corporations throughout the United States and Canada. The company's stock is traded
Tju [1.3M]

According to tha data,

Receivable stock Turnover ratio = Credit sales / Average debtor

= $4,552 / ($505+$508)÷2

= $4,552 / $506.5

= 8.99

Inventory stock Turnover ratio = Cost ot goods sold / Average Inventory

= $2,637 / ($251+$240)÷2

= $2,637 / $245.5

= 10.74

Current ratio = Current assets / current liabilities

Current assets=$513+$508+$251+$26 = $1,298

Current Liabilities = $150+$377+$1+$102 =$630

Current ratio = $1,298 / $630

= 2.06

Cash ratio = Cash and cash equivalents / Total current liabilities

= $513 / $630

=0.81

Tines Interest earned ratio = Earnings before interest and tax (EBIT)/ Interest

EBIT = Net income + Tax expense + Interest expenses

= $374 + $233 +$72

= $679

Times interest earned ratio = $679 / $72

= 9.43

Cash Coverage ratio = Cash flows from operating activities / Cash paid for interest

= $608 / $65

= 9.35

Learn more about stock here:

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5 0
2 years ago
The Toy Store has beginning retained earnings of $318,423. For the year, the company earned net income of $11,318 and paid divid
kherson [118]

Answer: $322 241

Explanation: Retained earnings is the capital that is left over after total dividends has been deducted and paid out. It is calculated as follows:

Retained earnings = retained earnings at the beginning of the year + net profits made during the current year - dividends paid out.

∴ Retained earnings = $318, 423 (opening Retained earnings)+ $11,318 (net profits / income) - $7,500 (dividends)

=$322,241

The $25,000 new stock issued generated income to the business, but this does not fall in the retained earnings line item. Rather it falls under the Ordinary Share Capital line item, which includes all the company's issued share capital.

7 0
3 years ago
The following information is available for a potential investment for Panda Company: Initial investment $95,000 Net annual cash
vovangra [49]

Answer:

d. 1.38

Explanation:

The computation of potential investment's profitability index is shown below:-

As we know that

Profitability index (PI) = PV of future cash flows ÷ Initial investment

Now

NPV = Present value of future cash flows - initial investment

$36,224 = Present value of future cash flows - $95,000

Present value of future cash flows = $36,224 + $95,000

= $131,224

So,

Profitability index = Present value of future cash flows ÷ Initial investment

= $131,224 ÷ $95,000

= 1.38

Therefore we have applied the above formula.

8 0
4 years ago
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