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3 years ago

An entry with two or more debits or credits is called a

Business

1 answer:

Zigmanuir [339]3 years ago

4 0

Answer:

compound journal entry

Explanation:

The Double -entry is a bookkeeping technique where transactions are recorded in two or more accounts. Most transactions will affect two accounts. One of the accounts is debited, and the other one is credited. It is also possible to have both accounts debited or credited.

Some transactions may require more than two entries. These are the transactions that affect more than two accounts. For example, Goods sold on discounts or goods sold partially on credit and partially cash. The journal entries for such transactions are compound entries.

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A company purchased new furniture at a cost of $19,000 on September 30. The furniture is estimated to have a useful life of 5 ye

OLga [1]

Answer: The depreciation expense that will be recorded for the furniture for the first year ended December 31 is $825.

Explanation: Straight-line mwthod of depreciation is:

(Acquisition value minus salvage value) / No of years

Per the question, the acquistion value of the new furniture is $19,000 while the salvage value is $2,500. The number of years is 5 years.

Then yearly depreciation would be ($19,000 - $2,500) / 5 years = $3,300.

Note that the furniture was purchased on September 30. To arrive at the depreciation expense that will be recorded as at December 31, you need to pro rate the yearly depreciation of $3,300.

September 30 to Decemer 31 is 3 months. So the total depreciation expense will be $3,300 * 3 / 12 = $825.

6 0

3 years ago

When joshua proposed cross-training his employees so absences and vacations would not pose such a problem in productivity, his

natulia [17]

Answer:

a. fear that they would be forced out of their habits

Explanation:

In as much as the aim is for absences and vacations not to pose a problem in productivity, Joshua's employees still objected because they might one day be told not to go on vacations and not even be absent from work. Thus, this becomes a problem for them.

Therefore the fear that they would be forced out of their habits sets in and they object the proposal.

5 0

3 years ago

Read 2 more answers

A firm using multiproduct branding typically spends blank______ to develop consumer brand awareness when introducing a product l

Charra [1.4K]

Typically spends LESS to develop consumer brand awareness.

5 0

2 years ago

Oficina Bonita Company manufactures office furniture. An unfinished desk is produced for $37.65 and sold for $65.35. A finished

antiseptic1488 [7]

Answer:

Alternative 1 $27.7

Alternative 2 $30.25

Differential effects $2.55

Explanation:

Preparation of a differential analysis

DIFFERENTIAL ANALYSIS

Sell unfinished desks(Alternative 1 ) Process further into finished desks (Alternative 2) Differential effect (Alternative 2)

Revenue per desk $65.35 $74.50 $9.15

($74.50-$65.35=$9.15)

Cost per desk - $37.65 -$44.25 -$6.60

($37.65+$6.60=$44.25)

Profit /Loss per desk $27.7 $30.25 $2.55

($65.35 - $37.65=$27.7)

($74.50-$44.25=$30.25)

($9.15-$6.60=$2.55)

Therefore the company should process further and sell finished desks because it yields incremental Profit per desk.

3 0

3 years ago

Suppose that the inflation rate is 2% and the real terminal value of an investment is expected to be $82,500 in 4 years. Calcula

Assoli18 [71]

Answer:

The answer is option (c)$89,301

Explanation:

Solution

Given that:

Inflation rate = 2%

The expected value of an investment = 82,500

Now,

nominal terminal value of the investment at the end of year 4.

Thus,

The nominal terminal value rate at the end of year four is given as follows:

= 82, 500 * (1 +2%) ^4

=$89300. 65

= $89,301

3 0

3 years ago