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Dahasolnce [82]
3 years ago
7

What is a resume?((this is just to reach the character requirement))

Business
1 answer:
babunello [35]3 years ago
5 0
Formal document that a job applicant creates
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Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. The company
Natali5045456 [20]

Answer:

Goldnest company

A. Journal entries

1.Raw Materials Purchased.

Debit Direct Raw materials Account with $ 169,000

Credit Accounts Payable Account with $ 169,000

2.Labour Costs incurred

Debit Direct labor with $ 156,000

Debit Indirect labor with $ 182,000

Debit Sales commissions with $ 25,000

Debit Administrative salaries with $ 45,000

Credit Cash with $ 408,000

3.Rentals Costs for the year

Debit Factory Rent for the year with $13,900

Debit Office Rent for the year with $5,900

Credit Cash Account with $18,900

4. Utility costs incurred in the factory

Debit Factory Utility Account with $20,000

Credit Cash Account with $20,000

5.Advertising Expense Incurred

Debit Advertising Expense Account with $15,000

Credit Cash Account with $15,000

6. Depreciation recorded on equipment

Debit Depreciation on Factory equipment with $15,000

Debit Depreciation on Office equipment with $6,000

Credit Accumulated depreciation with $21,000

7.Sales in the Year

Debit Cash Account with $509,000

Credit Sales with $509,000

B. T Accounts are included in the attached for your understanding

C. Manufacturing overhead has been over applied by $34,300. Workings of this has been attached for your understanding

D.income statement closes with a net profit of $195,000. Refer to attached for detailed breakdown

Explanation:

4 0
3 years ago
"sends an employee to the bank four times per day to make deposits in an interest-bearing account that protects the store's reve
STALIN [3.7K]

Answer:

Shoe Leather Cost

Explanation:

The effort and time spent to eliminate the effect of the inflation is known as Shoe leather cost.

In this scenario, the company is bearing inflation every second and depositing the amount in the bank by sending the employees four times a day with interest rate that is higher than the inflation will help in reducing the cost of the money held in till. So such efforts and time spent to control inflation is Shoe leather cost. Here the costs, time and effort are sending the employee four times a day to deposit money in the bank.

6 0
3 years ago
A firm is must choose to buy the GSU-3300 or the UGA-3000. Both machines make the firm’s production process more efficient which
Alexeev081 [22]

Answer :

The equivalent annual annuity of GSU-3300 = 6,520.30

Explanation :

The computation of the equivalent annual annuity of the GSU -3,300 is shown below:

As per the data given in the question,

For GSU-3300, Cash flow =$25,010

Time = 8 years

Cost = $99,984

For UGA-3300, Cash flow = $28,975

Time = 9 years

Cost $123,069

Based on this,

The equivalent annual annuity of GSU-3300 is

= -$99,984 × 9.63% ÷ {1 -1 ÷ (1 + 9.63%)^8} + $25,010

= 6,520.299

= 6,520.30

7 0
3 years ago
Warner Company has the following data for the past year:
jenyasd209 [6]

Answer:

The overhead variance for the year is $ 30000 and is Favorable/overapplied.

Explanation:

Overhead variance = Actual overhead - Applied overhead

                                = $470,000 - $500,000

                                = - $30000

Therefore, the overhead variance for the year is $ 30000 and is Favorable/overapplied.

8 0
3 years ago
MC Qu. 157 McCoy Brothers manufactures and sells... McCoy Brothers manufactures and sells two products, A and Z in the ratio of
solniwko [45]

Answer:

7,200 units

Explanation:

The computation of the no of units for break even for product A is given below:

But before that the contribution margin for the sales mix is

<u>Particulars                 product A     product Z</u>

Selling price           $84                 $105

Less:

variable cost          -$41                 -$45

Contribution margin $43               $60

Sales mix                  5                     2

CM sales mix             $215            $120

Total                                 $335

Now the break even sales in total is

= $482,400 ÷ 335

= 1,440 units

Now for product A, it is

= 1,440 × 5

= 7,200 units

3 0
2 years ago
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