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dedylja [7]
2 years ago
12

Hide or show questions Progress:10/40 items Roman Industries' plant operates five days per week with a daily payroll of $6,000.

Employees are paid every Saturday for the workweek just completed (Monday through Friday). The last day of the month is Wednesday, March 31. What is the amount of Wages Expense recorded on the next payday, Saturday, April 3
Business
1 answer:
Stels [109]2 years ago
4 0

Answer:

$12,000

Explanation:

Calculation to determine the amount of Wages Expense recorded on the next payday, Saturday, April 3

Wages Expense =$6,000*2days

Wages Expense = $12,000

Therefore the amount of Wages Expense recorded on the next payday, Saturday, April 3 will be $12,000

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Hotwax makes surfboard wax in a single operation. This period, Hotwax purchased $62,000 in raw materials. Its production departm
ki77a [65]

Answer:

Purchase of raw materials

Raw Materials $62,000 (debit)

Cash $62,000  (credit)

Direct materials requisation

Work - In - Processs : Production Department $50,000 (debit)

Raw Materials $50,000 (credit)

Explanation:

Purchase of raw materials

Raw Materials $62,000 (debit)

Cash $62,000  (credit)

<em>Recognise Asset - Raw Materials and De-recognise Asset - Cash</em>

Direct materials requisation

Work - In - Processs : Production Department $50,000 (debit)

Raw Materials $50,000 (credit)

<em>Recognise Cost of Production in Work in Process (Production department) and De-recognise the Asset - Raw Materials</em>

5 0
3 years ago
Ivan is the founder of a firm producing self-driving vehicles. Because the industry is so new and chaotic, Ivan favors a top-dow
mina [271]

a. The self-driving vehicle industry is changing too much for the top-down approach to be effective.

b. The top-down approach can only be applied to specific business functions.

c. The top-down approach leaves other employees uncertain about their roles in the company.

d. The top-down approach is expensive to maintain, leaving the company at a competitive disadvantage.

Answer:

a. The self-driving vehicle industry is changing too much for the top-down approach to be effective.

Explanation:

The top-down approach is a model in which there is a hierarchical style and the decisions are made by the manager and then informed down the organizational chart and the lower levels have to accept the decisions. In this approach, people in the lower levels have low participation and influence on the decisions and as the firm's industry is changing too much, this people would posses crucial information and specialized knowledge that the top level might not have and because of that, this approach might not be effective. According to that, the answer is that this scenario is wrong because the self-driving vehicle industry is changing too much for the top-down approach to be effective.

3 0
3 years ago
It's very urgent
3241004551 [841]

Answer: While not usual they can be held responsible for all business debts.

Explanation: If you pledge a asset as a collateral a creditor may be able to take said asset and sell it.

3 0
2 years ago
Which of these are centers that offer new businesses in the critical stage of early development low-cost offices with basic serv
Afina-wow [57]

Incubators are the centers that offer new businesses in the critical stage of early development low-cost offices with basic services such as accounting, legal advice, and secretarial help.

Business incubators are organizations that offer a range of specialized tools and services to help new and beginning businesses throughout their early stages of growth. The basic objective of a business incubator is to create profitable businesses that can exist alone when the program is over.

Services is a broad phrase that refers to labor that sustains a firm but does not create a physical good. An essential business service that supports several other business services, including procurement, shipping, and banking, is an information technology (IT).

To learn more about services

brainly.com/question/12096912

#SPJ4

8 0
1 year ago
These are selected 2017 transactions for Blue Corporation: Jan. 1 Purchased a copyright for $79,500. The copyright has a useful
Whitepunk [10]

Answer:

Check the explanation

Explanation:

Patents and Copyrights are amortized based on their useful life, not their legal life

It should be noted that Goodwill is not amortized

1. Debit 'Amortization Expense - Copyrights' $15,900 [($79500/ 5)]

Credit 'Copyrights' $15,900

2. Debit 'Amortization Expense - Patents' 18,800 [($112,800 / 5 ) x (10 /12 )]

Credit 'Patents' $18,800

.3. No entry

3 0
3 years ago
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