1. Which of the following is a benefit of channels of distribution:

Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all cos

Juli2301 [7.4K]

Answer:

WIP inventory 68,000 debit

Factory Overhead 8000 debit

Raw Materials Inventory 76,000 credit

WIP inventory 55.000 debit

Factory Overhead 12,400 debit

Factory Payroll payable 77,400 credit

WIP inventory 31,250 debit

Factory overhead 31,250 credit

Finished Goods Inventory 73,750 debit

WIP inventory 73,750 credit

Explanation:

Direct Materials used:

10,000 + 20,000 + 24,000 + 14,000 = 68,000

Direct Labor used:

8,000 + 17,000 + 18,000 + 12,000 = 55,000

Overhead Applied:

6,000 + 12,750 + 13,500 + 9,000 = 31,250

Overhead rate:

6,000 / 8,000 = 0.75

12,750 / 17,000 = 0.75

Finished goods:

24,000 + 49,750 = 73,750

7 0

3 years ago

if Alexis invest $2,000 into a fund that earns 5.5% interest compounded annually, how long will it take for her investment to gr

madreJ [45]

Answer:

73 years

Explanation:

To solve this problem, we can use the formula for the annual compound interest, which is:

$A=P(1+r)^t$

where:

A is the final amount after time t

P is the principal

r is the rate of interest

t is the time

In this problem, we have:

$P=\$2000$ is the principal

$r=0.055$ is the interest rate (5.5%)

We want to find the time t at which the amount of money is

A = $100,000

Therefore, we can re-arrange the equation and solve for t:

$(1+r)^t=\frac{A}{P}\\t=log_{1+r}(\frac{A}{P})=log_{1+0.055}(\frac{100,000}{2000})=73$

So, it will take 73 years.

3 0

3 years ago

A strategy is: Multiple Choice an action plan to maximize rewards in the current period in return for big risks. a procedure for

Strike441 [17]

Answer:

An action plan to achieve specific long term goals and objectives. based on the plans formed later resources are allocated. But initially long term goals and objectives are to be framed which is the main objective of strategic planning.

8 0

3 years ago

Exam hide or show questions question content area revenue and expense account are permanent accounts. true false

klio [65]

Because they are always converted to an income summary throughout the closing process, revenue and expense accounts are known as nominal accounts.

so the statement is false

Revenue Definition:

Revenue in financial accounting refers to an inflow of funds, typically from sales or services provided by commercial activity. It is also known as sales or business turnover. In other terms, revenue refers to the amount of money that a company or organization receives. For instance, certain businesses may receive income from royalties, interest, or copyright fees. While for some businesses, money may come from the services they provide to clients. Donations from groups, corporations, and people are referred to as revenue for non-profit organizations.

Operating Revenue Examples:

Sales.
Fees or Commission Earned.
Service Revenues.

Expenses Definition:

A money outflow is known as an expense or expenditure in financial accounting. As an illustration, a tenant's expenses can include rent. Parents' expenses could include the cost of their children's tuition. Expenses for a business include things like electricity bills, bank fees, sales expenses, phone bills, repairs, and services.

List of expenses in accounts frequently observed when preparing financial statements:

Cost of goods sold.
Legal fees.
Depreciation.

Learn more about Revenue and expense accounts here

brainly.com/question/16749768

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3 0

1 year ago

________ are designed to stimulate thought about entrepreneurs' understanding and feelings as they progress through the entrepre

Fed [463]

Answer:

Reflection activities/tasks

Explanation:

Reflection activities are tasks that makes entrepreneurs look back over what or how they have learned as they progress through the entrepreneurial process. Reflection tasks often assess metacognitive skills, it helps entrepreneurs to arouse their thinking towards taking conscious actions that will improve their decisions.

4 0

3 years ago