Answer: a). Debit Factory Payroll Payable $160,000; credit Cash $160,000.
Explanation: Direct labor refers to the manpower used in production. They are the factory workers involved in using the raw materials to produce finished goods.
Expense on direct labor is provided for during the production by a debit to factory payroll expense and a credit to factory payroll payable.
As such, the journal entry will be a debit to factory payroll payable $160,000 and a credit to cash $160,000. This means cash will reduce by $160,000 as the factory workers are paid while payables which is a provision account will reduce as well on the cash book by the same amount.
The statements that are true about deposits is:
A. Deposits increase the checking account balance
C. Deposited money can be transferred electronically from one bank to another
E. You can deposit a greater amount than the balance in the account
D. You cannot make a deposit at a ATM. This is false because with an ATM you can make a deposit into an account. If you were using a credit card, there is no account to put money into, it just charges to a card you have to then pay off.
B. A deposit is money that is subtracted from a bank account. When you deposit money, you are adding money into a bank account. When you withdraw money you are subtracting money into a bank account. Because this question refers to subtracting from a bank account, this is false.
Answer: d. more coffee and fewer football tickets
Explanation:
MU/P refers to the marginal utility gained per dollar of an alternative and rationale consumers are always expected to maximise their utility by picking alternatives that give them more utility as opposed to less.
The MU/P for coffee is 20 whilst that of football tickets in 10. This means that more utility is gained from getting more coffee as opposed to football tickets. The action that would maximise utility would therefore be one where the consumer gets more coffee and fewer football tickets.
Answer:
Concentrated.
Explanation:
Four frequently used targeting strategies are the micromarketing, undifferentiated, differentiated, and concentrated targeting strategies. In micromarketing, we target each and every single customer individually which is also known as customization. In differentiated marketing, we try to differentiate our offerings and target particular market segment with it, whereas in undifferentiated which is also known as mass marketing, we target the whole market with one single offer. In concentrated marketing, we try to capture and target one small segment (niche) which has been ignored and overlooked by the competitors. The main aim here to sell profitably by meeting the needs of that small segment fully.
Answer:
What is the amount of Supplies Expense that AllTech Corporation will recognize for the year?
$1050
Explanation:
Beggining of the year 1800
Purchased 1150
End of the year 1900
Expenses 1050
end = beg+purtcahse-expense
expense=beg+purchases-end
expense=1050
