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maxonik [38]
3 years ago
11

Devon forgets to pay his credit card bill for three months. Which of the following statements is TRUE?

Business
1 answer:
Arturiano [62]3 years ago
6 0
Where’s the statement?
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3 0
3 years ago
Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 1 Purchased raw m
Gelneren [198K]

Answer:

raw materials    20000 debit

accounts payable   20000

WIP         8000 debit

factory overhead 1000 debit

raw materials   9000 credit

WIP           84000 debit

factory overhead 24000 debit

wages payables  108000 credit

factory overhead     10100  debit

cash   10100 credit

WIP   49000 debit

factory overhead   49000 credit

Finished Goods   18000 debit

WIP inventory   18000 credit

COGS   15000 debit

Finished Goods   15000 credit

Explanation:

The indirect materials and labor will be considered actual factory overhead thus debited into that account

same procedures applies to the repair and utilities paid in cash we have to posted into factory overehad

from the cost sheet we determiante 7,000 labor hours we apply the $7 overhead rate per our to get the amount of applied overhead

The finished goods will increase while the WIP inventory decrease by the ammount transferred out

The COGS is an expense which decreases our finished goods inventory as we sale them and are no longer in our possesion.

5 0
3 years ago
: which statement is true about nonexempt employees? group of answer choices under the flsa, executive, professional, and admini
Kobotan [32]

The true statement that we can see about the non exempt employees is that nonexempt employees are covered by flsa and include most hourly workers.

<h3>What is meant by non exempt employees?</h3>

Employees who are not excluded from pay have a right to the minimum wage and overtime compensation if they put in more than 40 hours per week.

For each hour over 40 in a workweek, businesses are required by the FLSA to pay non-exempt workers no less than time and a half their usual wage rate. If a non-exempt worker isn't paid hourly, one can determine their hourly rate by dividing their total earnings by the number of hours they worked. When making these calculations, vacation, holidays, and sick days shouldn't be taken into account unless the person really worked on those days.

Employers shouldn't presume that just because a worker receives a pay, they can be lawfully regarded as exempt under the FLSA. Employees may be entitled to overtime compensation if they don't pass an acceptable duties test, make less than $684 per week or $35,568 per year, or have certain deductions made from their pay.

Read more on non exempt workers here: brainly.com/question/28136801

#SPJ1

3 0
1 year ago
True or False: Homeowners in states like Texas or Florida may have to purchase special insurance based on their home's geographi
zlopas [31]
True, it’s a good idea because it helps protect your home and other assets
3 0
3 years ago
Read 2 more answers
United Contractors Inc. holds a lien on Vista Estates real property. This property can be sold to satisfy the debt if, before th
oee [108]

Answer:

The answer is Vista Estates

Explanation:

Before any sale can done done, notice must be given to Vista Estates. The property can now be sold after been giving proper notice.

Vista Estates still has the legal right of original ownership even though a lien has been placed on his property. A lien is a legal claim against a property.

7 0
3 years ago
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