Answer: $322,000
Explanation:
Consolidated income = Net income from Ackerman + Net Income from Brannigan + Excess depreciation - Amortization of unpatented tech - Gain from transfer of equipment
Excess depreciation = New depreciation of equipment - Old depreciation
Depreciation is straight line;
= (200,000/5 years) - (110,000/5)
= $18,000
Gain from transfer of equipment
= Sales - Book value
= 200,000 - 110,000
= $90,000
Consolidated income = 300,000 + 98,000 + 18,000 - 4,000 - 90,000
= $322,000
Answer:
b. debit warranty expense $10,000; credit estimated warranty liability $10,000
Explanation:
The journal entry to record the estimated warranty expense is shown below:
Warranty Expense Dr $10,000 ($200,000 × 5%)
To Estimated Warranty Liability $10,000
(being the warranty expense is recorded)
Here the warranty expense is debited as it increased the expense and credited the estimated warranty liability as it also increased the liability
Therefore the option b is correct
Answer:
The correct answer is letter "D": other things remaining the same; higher; lower..
Explanation:
According to the demand law, <em>ceteris paribus</em>, as long as the price of a good or service decreases the quantity demanded increases. If the price increases, the quantity demanded for that good or service decreases. The relationship between quantity demanded and the price is inversely proportional.
the value of accomplishment, success, or reaching your work goals *achievement*
how much you value your surrounding work environment and your level of activity, independence, pay, and security
*comfort*
the value of social service, or having moral values in your work
*altruism*
your level of self-independence and creativity to do your job the way you would like to do it
*autonomy*
how much you value advancement in the company and the social status you get from your job
*status*
how much you value a company’s policies and procedures, and supervision of the actions of other employees
*safety*
Im 100% correct
Answer:
work in process inventory
Explanation:
The journal entry to record overhead applied is shown below:
Work in progress inventory A/c Dr XXXXX
To Factory overhead A/c XXXXX
(Being applied overhead is recorded)
And, the journal entry to record over applied is presented below:
Manufacturing overhead A/c Dr XXXXX
To Cost of Goods sold A/c XXXXX
(Being over-applied overhead is recorded)
Over applied is come when actual overhead based on predetermined rate is more than the actual manufacturing overhead
