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2 years ago

Choose the correct category for the items from Sun Company's perspective.

Business

1 answer:

olga nikolaevna [1]2 years ago

3 0

Answer:

a. Land purchased by Sun Company from a local finance company

1) REAL ASSETS, the land exists as a physical asset regardless of the company's transaction.

b. Sun Company's administration building, which houses the finance department

1) REAL ASSETS, the building exists as a physical asset regardless of the company's transaction.

c. Sun Company's inventories of raw materials

1) REAL ASSETS, the inventories exists as a physical asset regardless of the company's transaction.

d. Accounts receivable: money owed to Sun Company by other companies who have purchased products on credits

2) FINANCIAL ASSETS, accounts receivable is a financial concept, not a physical asset

e. Sun Company's corporate checking accounts

2) FINANCIAL ASSETS, checks is a financial concept that represent money, not a physical asset

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3 years ago

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Answer:

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Production in units 1,700 1,600

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Total direct labor-hours paid 960 960

Direct labor rate $9.00 $9.00

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Explanation:

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Production in units 1,700 1,600

Direct labor-hours per unit 0.52 0.52

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Total direct labor-hours paid 960 960

Direct labor rate $9.00 $9.00

Total direct labor cost $8,640 $8,640

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Answer:

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3 years ago

Read 2 more answers