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3 years ago

Marquis Company uses a weighted-average perpetual inventory system.

Business

1 answer:

bogdanovich [222]3 years ago

6 0

Answer:

The correct answer is "$136.44"

Explanation:

According to the question,

Total units will be:

= $10 \ unit+15 \ unit$

= $25 \ unit$

Average cost will be:

= $\frac{[(10\times 12)+(15\times 14)]}{29}$

= $\frac{120+210}{29}$

= $\frac{330}{29}$

= $11.38$ ($)

hence,

The cost of sale will be:

= $Units \ sold\times Average \ cost$

= $12\times 11.38$

= $136.44$ ($)

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During January 2017 General Fund supplies ordered in the previous fiscal year and encumbered at an estimated amount of $2,000 we

Norma-Jean [14]

Answer:

The correct answer is:

Expenditures—2017 in the amount of $200. (C.)

Explanation:

This scenario describes a record that was less than the actual amount spent on the General Fund supplies. The amount recorded was $2,000, meanwhile the actual amount spent was $2,000. This entails that an amount worth $200 was not recorded, hence it will be debited as expenditures, but the question now is where the debit will be recorded?

This review was done in January 2017, meaning that the income statement for the 2016 Fiscal year must have been balanced, hence the amount will be an expenditure recorded in 2017, but the particulars will have a description that it was a carried over expenditure from 2016. Therefore $200 will be debited from 2017 as expenditures.

5 0

2 years ago

On June 1, $50,000 of treasury bonds were purchased between interest dates. The broker commission was $500. The bonds pay intere

timurjin [86]

Answer:

$50,500

Explanation:

The investment treasury bonds account must be debited by $50,500 which includes the face value of the bonds ($50,000) and the broker's commission ($500). Investment accounts only record the purchase price of the bonds, they do not record any accrued interests.

4 0

3 years ago

A simple definition of curriculum?

Brilliant_brown [7]

Knowledge that is taught as part of a course of study.

5 0

3 years ago

Making decisions and taking actions to achieve a superior fit between the organization and its environment is.

MaRussiya [10]

Answer:

Making decisions and taking actions to achieve a superior fit between the organization and its environment is. strategic management

What is strategic management?

a process that uses vision, goals and objectives, internal, and external analysis, and implementation levers that can be used to help formulate and implement strategy.

8 0

2 years ago

During the year, Mark reports $90,000 of active business income from his law practice. He also owns two passive activities. From

andrezito [222]

Answer:

b. $90,000 with a $10,000 loss carryover

Explanation:

Given that

Active business income = $90,000

From Activity A, the income earns = $20,000

From Activity B, the loss incurs = $30,000

So by considering the above information, the Adjusted gross income should be

The $90,000 should be recorded

Plus, the $10,000 loss should also be carryover

The $10,000 loss is come from

= $20,000 - $30,000

= -$10,000

8 0

3 years ago