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3 years ago

Which of these is a nonstore retailer?

Business

1 answer:

Lady bird [3.3K]3 years ago

7 0

A. Vending Machine is a nonstore retailer

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Wildhorse Locomotive Corporation purchased for $604,000 a 40% interest in Lopez Railways, Inc. This investment enables Wildhorse

tangare [24]

Answer:

Dr Equity Investments $604,000

Cr Cash $604,000

Dr Equity Investments $63,600

Cr Investment Income $63,600

Dr Cash $10,800

Cr Equity Investments $10,800

Explanation:

Preparation of ZaneLocomotive’s journal entries related to this investment.

Dr Equity Investments $604,000

Cr Cash $604,000

(Being to record Investment)

Dr Equity Investments $63,600

Cr Investment Income $63,600

(40% × $159,000)

(Being to record share in net income)

Dr Cash $10,800

Cr Equity Investments $10,800

(40% × $27,000)

(Being to record shares in dividend)

5 0

3 years ago

Accounting Professionals Inc. experienced the following events in 2014, its first year of operation:1. Performed services for $2

Andrews [41]

Answer:

Explanation:

The accounting equation is presented below:

Particulars Assets = Liabilities = Stockholders equity

Cash Supplies Account payable Retained earnings

1. Service

Performed $20,000 $20,000

2. Supplies

Purchased $4,000 $4,000

3. Supplies

Used -$3,000 -$3,000

Total $20,000 $1,000 $4,000 $17,000

6 0

4 years ago

Which terms will make the following statement true? When manufacturing overhead is overapplied, the Manufacturing Overhead accou

kupik [55]

Answer:

Answer is a) debit, actual

Manufacturing Overhead account has a debit balance and applied manufacturing overhead is greater than the actual manufacturing overhead

Explanation:

Overheads are applied to product costs using budgeted overhead rates. Budgeted rates are used because the delays in obtaining actual overhead affects timeous product valuation for profit purposes

Over applied situation occurs when the applied overheads exceeds the actual manufacturing overhead.

<em>The Manufacturing Overhead Account will have the following entries:</em>

Transfer to work in Progress figure - credit (with applied overheads)

Bank - debit (actual overhead)

Balancing figure or shortfall - debit (over-applied)

8 0

3 years ago

Barin Retail Outlets incorrectly recorded inventory in 2016. Rather than recording ending inventory as $960,000, Barin's accoun

Dennis_Churaev [7]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0

4 years ago

Metal frames for kick scooters are manufactured in two steps: Stamping and assembly. Each frame is made up of three pieces: one

Colt1911 [192]

Answer:

20units per hour

Explanation:

Because The capacity at stamping is 120/(90+120*0.5+9-+240*0.5)*60=20 units per hour. The capacity at assembly is 1/30*12*60=24 units per hour. Therefore, stamping is the bottleneck.

4 0

4 years ago

Read 2 more answers