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Volgvan
3 years ago
10

During​ February, assets increased by 87000 and liabilities increased by 31000 . Equity must have:___________.

Business
1 answer:
Pie3 years ago
3 0

Answer:

a. increased by $56,000

Explanation:

General accounting equation ;

Assets = Liabilities + Owners equity

Owners equity = Assets - Liabilities.

Therefore,

Increase in stockholder's equity

= $87,000 - $31,000

= $56,000

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After setting the pricing objective, the next step in Amy's price-setting process is to evaluate demand

Explanation:

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At the end of the listening process you ______________. a. choose a sound to focus on b. make an effort for recall c. provide fe
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A company has a petty cash fund amount of $400. When​ replenished, it has petty cash tickets of $30 for gas​ expense, $30 for po
MrMuchimi

Answer:

$80

Explanation:

The Replenish journal entry is shown below:-

Gas expense Dr,                          $30

Postage expense Dr,                $30  

Supplies expense Dr,                   $10  

Miscellaneous expenses Dr,        $10  

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Therefore cash credited for $80

4 0
3 years ago
Refries Refrigerator Company manufactures ice-makers for installation in refrigerators. The costs per unit for 20,000 units of i
Elis [28]

Answer:

c. $600,000 vs. $528,000.

Explanation:

The computation of the relevant cost of make & buy is given below:

Total relevant cost of making the product is

= (cost per unit - unavoidable fixed cost per unit ) × 20,000 units

= ($34 - $4 ) × 20,000 units

= $600,000.

And, Total relevant cost of buying is

= (cost of buy per unit × 20,000 units ) - Contribution sale of water filtration = ( $28 × 20,000 units ) - ($80,000 - 60% of $80,000)

= $528,000

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4 0
3 years ago
Espinoza Company is a wholesale distributor that uses activity-based costing for all of its overhead costs. The company has prov
Anna71 [15]

Answer:

Espinoza Company

Activity rate for the filling orders activity cost pool:

Overhead for filling orders divided by number of orders

= $130,500/3,500

= $37.29 per order

Explanation:

a) Data and Calculations:

Overhead costs:

Wages and salaries 220,000

Other expenses 150,000

Total $510,000

Distribution of resource consumption:

Filling Orders Activity Cost Pools

                                    Filling Orders  Customer Support  Other  Total

Wages and salaries             35%                      55%              10%     100%

Other expenses                  35%                       50%              15%     100%

Filling orders 3,500 orders

Customer support 15 customers

Overhead Allocation:

                              Filling Orders  Customer    Other        Total

                                                       Support

Wages and salaries $77,000        $121,000      $22,000     $220,000

Other expenses        53,500           75,000        22,500        150,000

Total                       $130,500       $196,000      $44,500     $370,000

Activity rate for filling orders = $130,500/3,500 = $37.29 per order

ABC or Activity Based Costing technique uses activity pools to accumulate and distribute overhead costs so that costs can be allocated based on the level of activity undertaken for each activity pool.

3 0
3 years ago
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