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Ludmilka [50]
3 years ago
13

In a process operation, each process has a separate department which will accumulate costs for each of the following: Multiple s

elect question. administrative direct labor overhead sales direct materials
Business
1 answer:
Keith_Richards [23]3 years ago
6 0

Answer:

overhead

direct labor

direct materials

Explanation:

Process operations can be regarded as process manufacturing it can be explained as mass production method that is been followed when producing products following a continuous flow.

It can be regarded conveyer belt system which brings about production of identical as well as standardized item with fast rate as regards the speed. It should be noted that In a process operation, each process has a separate department which will accumulate costs for ;

✓overhead ( ongoing costs that is gotten in operation of a business)

✓direct labor

✓direct materials

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Pearl, Inc., has offered $578 million cash for all of the common stock in Jam Corporation. Based on recent market information, J
Lelu [443]

Answer:

$45,000,000

Explanation:

Calculation for the minimum estimated value of the synergistic benefits from the merger

Using this formula

Minimum estimated value of the synergistic benefits =Cash-Independent operation

Let plug in the formula

Minimum estimated value of the synergistic benefits = $578,000,000 – 533,000,000

Minimum estimated value of the synergistic benefits =$45,000,000

Therefore the minimum estimated value of the synergistic benefits from the merger is $45,000,000

3 0
3 years ago
This partnership was approached by a corporation that would like to acquire them by a stock acquisition. The partnership has no
Novosadov [1.4K]

Answer:a The corporation can make a public issue of shares to obtain capital to make the purchase. ( B) The accountant will open a temporary account called the business purchase account and the vendor account to record the purchase

Explanation:

a. When a corporation want to purchase a existing business ,the purchase price may be paid either totally in cash or partly in cash and partly in shares or in some cases totally in shares. The method of payment is arranged between the corporation and the existing business. If the company makes a public issue of shares to raise funds for the purpose of acquisition of the business. A statement in the prospectus to issue the shares that the vendor will be paid either totally or partly in shares boost the investors confidence in the business because they see it as a sign that the vendor has faith in the future prospect of the business under the new ownership. The shares allotted as consideration for the purchase becomes part of the issued capital of the company.

b. The temporary account and the vendor account would include the following

1.Dr the business purchase account

Cr the vendor account

With the agreed purchase price,and the allotment of shares or debenture as part of the purchase price

2. Dr the asset, including Goodwill if any to their respective account,

Cr the total value of asset taken over in one amount to the business purchase account

3. Dr the total value of liabilities taken over in one amount to the business purchase account

Cr the liabilities to their respective account

4. Dr vendor account

Cr the corporation capital account both with the purchase price when paid

5 0
3 years ago
On January 1, 2020, Jacobs Company sells land financed through a $16,000 note, issued by Andress Company. The note is a $16,000,
Vlad [161]

Answer:

Note: <em>See attached picture for journal entry schedule for the question</em>

<em />

Fair Value of Land = -PV(I, N, PMT, FV, Type)

Fair Value of Land = -PV(8%, 2, 16000*4%, 16000, 0)

Fair Value of Land = -PV(8%,2,640,16000,0)

Fair Value of Land = $14,859

                                Journal Entry

Date        Account tile and explanation        Debit       Credit    

Jan. 1       Notes Receivable                           $16,000

                       To, Discount on Notes                             $1,141

                       To, Land                                                    $14,859

Dec. 31    Cash                                                  $640

                Discount on Notes                           $549  

                       To, Interest Revenue (14859*8%)             $1,189

Dec. 31     Cash                                                  $640

                 Discount on Notes                           $593

                        To, Interest Revenue (14859+549)*8%    $1,233

Dec. 31      Cash                                                  $16,000

                         To, Notes Receivable                               $16,000

3 0
3 years ago
Paper dollars
Flura [38]

Answer:

d. are fiat money and gold coins are commodity money.

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