1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Romashka-Z-Leto [24]
2 years ago
13

Acct. Optimistic Likely Activity Variance

Business
1 answer:
prisoha [69]2 years ago
8 0

Answer thats dificult

Explanation: thats dificult

You might be interested in
In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become mor
Morgarella [4.7K]
<span>In the early days of it, the cio would report to the ____ as it was seen as a way to control costs. as technology has become more strategic and able to deliver a competitive advantage, cios now report directly to the ____.</span><span>


CFO; CEO</span>
3 0
2 years ago
A renter decides to leave a rental property and break their rental agreement. What will happen? A. The renter can be arrested fo
Sergio039 [100]
. The landlord can sue the renter
4 0
3 years ago
Read 2 more answers
Below are transactions for Wolverine Company during 2021.
Leona [35]

Answer:

Wolverine Company

Journal Adjusting Entries:

a) Debit Deferred Revenue $1,050

Credit Rent Received $1,050

To adjust rent received for December.

b) Debit Insurance Expense $5,460

Credit Prepaid Insurance $5,460

To adjust insurance expense for the year.

c) Debit Wages & Salaries $1,100

Credit Wages & Salaries Payable $1,100

To accrue salaries for the month of December.

d) Debit Interest on Loan Account $110

Credit Interest on Loan Payable $110

To accrue interest on loan for the year.

e) Debit Supplies Expense $2,000

Credit Supplies Account $2,000

To record supplies used during the year.

Explanation:

a) Adjusting entries are end of an account period's journal entries used to accrue income or expenses that occurred but are not accurately recorded or because they do not involve actual cash flows.  Adjusting entries ensure that the accrual concept and the matching principle of generally accepted accounting principles are complied with.

b) Journal entries record transactions that occur on a daily basis or at the end of the accounting period.  They show the accounts to be credited or debited in the Ledger.

7 0
2 years ago
R. J. Graziano Wholesale Corp. uses the LIFO method of inventory costing. In the current year, profit at R. J. Graziano is runni
Nata [24]

Answer:

a. What is the effect of this transaction on this year's and next year's income statement and income tax expense? Why?

The inventory account is a permanent asset account in the balance sheet, so it doesn't matter if the company purchases all that it can during the last days of December, it will not affect the income statement, nor their tax liability for the current year. A company only recognizes cost of goods sold when the goods are actually sold, not when they are purchased.

Since the company uses the LIFO (last in, first out) inventory method, all it will do is increase the value of ending inventory which changes into beginning inventory next year. You can reduce next year's income more by purchasing the goods next year.

b. If R. J. Graziano Wholesale had been using the FIFO method of inventory costing, would the president give the same directive?

If the company used the FIFO method, the result will be the same. Inventory is not COGS, whether you use FIFO, LIFO weighted average, specific identification, or any other acronym that you might come up with. At beginning of the year, inventory must be average to determine beginning inventory. it might help to increase COGS a little, therefore, decreasing net income, but the effects shouldn't be significant.

c. Should the plant accountant order the inventory purchase to lower income? What are the ethical implications of this order?

It is useless, and he should know it. The only implication is that this will help him realize his low IQ.

6 0
2 years ago
State Street Beverage Company issues​ $805,000 of​ 9%, 10-year bonds on March​ 31, 2017. The bonds pay interest on March 31 and
Citrus2011 [14]

Answer:

Option (B) If the market rate of interest is 10%, the bonds will issue at a discount

Explanation:

Interest rate risk is defined as the risk changing which, interest rates will affect bond prices. When current interest rates are greater than a bond's coupon rate, the bond will be sold below its face value at a discount. When interest rates are less than the coupon rate, the bond can be sold at a premium--higher than the face value.

7 0
3 years ago
Other questions:
  • On December 31, Year 1, Jet Co. received two $10,000 notes receivable from customers in exchange for services rendered. On both
    11·1 answer
  • Stocks A and B have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the f
    6·1 answer
  • Outsourcing:
    10·1 answer
  • An employee of a delivery company drives 480 miles at 60 miles per hour in a vehicle that averages 20 miles per gallon of gas. T
    5·1 answer
  • A government has the following debt: Capital lease liabilities that mature in more than one year (General Fund department leases
    7·1 answer
  • Your company uses social media for marketing purposes. How does your company benefit by communicating with customers through soc
    15·2 answers
  • the yellow company has a current ratio of 2.65 . The acid test ratio is 2.01 . The current liabilities of the are company $45,00
    12·1 answer
  • Cap-and-trade is a system that ________. allows industries to set their own levels for pollution emission so trading can continu
    12·1 answer
  • _____________segmentation differentiates among heavy users, medium users, light users, and nonusers of a specific product, servi
    13·1 answer
  • Jerrod owes $2000 on a credit card that charges him an annual percentage rate of 18%. If jerrod stopped making payments, how lon
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!