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Mnenie [13.5K]
3 years ago
12

Macro Company has the following adjusted accounts and balances at June 30:

Business
1 answer:
leva [86]3 years ago
7 0

Answer:

                                            <em> Debit              Credit</em>

                                                  $                   $

Cash                                        1000  

Account receivable                 530  

Supplies                                   690  

Prepaid rent                             40  

Software                                   190  

Equipment                                1380  

Accumlated depreciation                             230

Accumlated Amortization                             140

Account payable                                           80

Income tax payable                                       30

Unearned revenue                                        90

Notes payable                                               1280

Common stock                                              280

Retained earnings                                         110

Sales revenue                                               3530

Interest revenue                                            50

Depreciation expenses                                 100  

Interest expenses                                          170  

Income tax expenses                                    100  

Office expenses                                             800  

Rent expenses                                                380  

Salaries and wages expenses   <u>                    640</u>  

TOTAL                                        <u> 6020          6020</u>

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The investment a company makes in training employees to perform their duties and redesigning products and processes to improve t
Andre45 [30]

Answer:

True

Explanation:

Prevention Cost is the cost which is incurred to avoid the loss due to defects in the products manufactured, here the cost incurred is as follows:

Training employees that is the benefit from training will be reducing cost and improving quality of the product, therefore, it will be considered as prevention costs.

Further cost incurred for redesigning products and processes will improve the quality of the product and the process therefore this cost can also be considered as prevention costs.

Final Answer

The above statement is true.

4 0
3 years ago
Publix has 2,700 pounds of bananas with a total cost of $864. Because the bananas have become too ripe, Publix is contemplating
tamaranim1 [39]

Answer: an increment in profit $1615

Explanation:

2700 pounds of Banana

Total cost = $864

If sold = $1485

When converted into bread $2565 and sold at the cost of $4480

Oven rentage = $300

What is the incremental effect on income if Publix converts the bananas to banana bread?

Sales Amount - Expenses incurred

= $4480 - $2565 + $300

= $4480 - $2865

= $1615

If he had sold the bananas

Sales amount - cost amount

= $1485 - $864

= $621

By converting the bananas to bread the incremental effect on income is it would yield more profits at $1615 compared to when sold at which is $621

3 0
3 years ago
Which of the following statements is false? Multiple Choice The short run refers to a period of less than one year. In the long
Jet001 [13]

Answer:

The short run refers to a period of less than one year.

Explanation:

The statements is false that the short run refers to a period of less than one year.

The short run, long run and very long run are different time periods in economics.

<u>Short run – where one factor of production (e.g. capital) is fixed</u>.

long run – Where all factors of production are variable,

Unlike in accounting where operating period refer to a period of one year, <u> there is no hard and fast definition as to what is classified as "long" or "short" and mostly relies on the economic perspective being taken.</u>

7 0
3 years ago
A risk of marketing myopia is that sellers pay more attention to
vitfil [10]

The correct answer is:   [D]:

________________________________________________

        " their products than to customer needs. "

________________________________________________

Hope this helps!

        Best wishes!

________________________________________________

5 0
3 years ago
Many companies who deliver their own product to their stores through their own trucks are using ________ as a way to offset expe
sergij07 [2.7K]

Answer: E) backhauls.

Explanation:

Backhauls are known as the parcel delivery process used by the means of transport by which they collect packages at various stops while also delivering couriers so that the truck is not empty upon return.

For example, a truck must take a package from point A to point B, on the way to point B it picks up a 2nd package, after delivering the 1st package at point B it carries the 2nd package back to point A. Therefore the truck was never empty throughout the journey.

<em>I hope this information can help you.</em>

8 0
3 years ago
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