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BaLLatris [955]
3 years ago
10

During the current month, Wacholz Company incurs the following manufacturing costs. (a) Purchased raw materials of $17,500 on ac

count. (b) Incurred factory labor of $39,900. Of that amount, $30,800 relates to wages payable and $9,100 relates to payroll taxes payable. (c) Factory utilities of $3,500 are payable, prepaid factory property taxes of $2,770 have expired, and depreciation on the factory building is $9,900.
Business
1 answer:
scoundrel [369]3 years ago
6 0

Answer and Explanation:

The journal entries are shown below:

a. Raw material inventory $17,500

        To Account payable $17,500

(Being raw material inventory purchased on account)

b. Factory labor $39,900

       To Factory wages payable $30,800

       To Employer payroll tax payable $9,100

(Being factory labor is recorded)

c.  Factory Overhead $16,170

        To Factory Utilities payable $3,500

         To Prepaid Factory property taxes $2,770

        To Accumulated Depreciation $9,900

(Being Manufacturing costs is recorded)  

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A franchise is a business that operates by using the services of a franchisor who is in charge of <u>branding the company</u> and a franchisee who uses the name of the brand to do business and <u>pays a royalty fee</u>.

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Some of the benefits of a franchisee over <u>small business owners</u> are the facts that:

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  • Therefore, the correct answers are options A and D

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Cheyenne is a manager at her company. She listens to an employee, Enu, voice his opinion about a policy that he disagrees with.
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Answer:

professional benefits

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The value of a financial asset is the​ ________.
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Answer: The correct answer is "B. present value of all of the future cash flows that will be received".

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To value a financial asset, all future cash flows must be taken into account, therefore their value will be the sum of the present values of each of the future cash flows.

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The nielsen company provides ratings for the tv industry. ratings are calculated from what sources? (multiple correct answers -
alexandr1967 [171]

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2 years ago
Granfield Company has a piece of manufacturing equipment with a book value of $35,500 and a remaining useful life of four years.
Doss [256]

Answer: Option (e) is correct.

Explanation:

Given that,

Book value of manufacturing equipment = $35,500

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Variable manufacturing costs of new machine reduce by $18,100 per year over the four-year =

Total increase/decrease in net income = Cost of new machine + cash received from trading old machine + Reduction in Variable manufacturing costs

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Note: Bracket represents the negative values.

∴ The total decrease in net income by replacing the current machine with the new machine is $17,500.

7 0
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