Offering a better warranty is an example of competing on:

Onslow Co. purchased a used machine for $192,000 cash on January 2. On January 3, Onslow paid $8,000 to wire electricity to the

Amanda [17]

Answer:

Journal entries will be as follows;

Explanation:

1.The machine purchased is an asset so machinery a/c will be debited.

The cash used to purchase the machine is an outflow so it's credited on the cash a/c

2. Electricity wiring on the machine is part of the acquisition cost, hence we debit machinery account and the cash paid for that is credited on cash a/c

3. Cost of securing it in place is also an operating cost hence you debit machinery a/c and credit the cash used to pay for it in the cash a/c

<u>Journal entries</u>

1. Machinery account Dr 192,000

Cash account Cr 192,000

2.Machinery account Dr 8,000

Cash account Cr 8,000

3.Machinery account Dr 1,600

Cash account Cr 1,600

8 0

3 years ago

Kankakee Cosmetics Company is planning a one-month campaign for December to promote sales of one of its two cosmetics products.

Masja [62]

Answer:

Kankakee Cosmetics Company

Differential Analysis for Moisturizer:

Relevant Costs:

Direct Materials $12.00

Direct labor $8.00

Var. Factory O/H $3.00

Var. selling expenses $2.00

Total Variable costs = $25.00

Unit Selling price = $35.00

Contribution = $10.00

Total contribution = $400,000

Advertising, etc. = $150,000

Differential Profit = $250,000

Differential Analysis for Perfume:

Relevant Costs:

Direct Materials $20.000

Direct labor $10.00

Var. Factory O/H $6.00

Var. selling expenses $3.00

Total Variable costs = $39.00

Unit Selling price = $55.00

Contribution = $16.00

Total contribution = $480,000

Advertising, etc. = $150,000

Differential Profit = $330,000

Explanation:

A differential analysis is a managerial accounting technique that considers factors that are unique to each decision and uses those factors to arrive at a decision.

It is also called incremental analysis. In the analysis, differential revenue of each alternative and their differential costs are compared to find the alternative that yields the greater profits.

Fixed costs or sunk costs are not taken into account with this type of analysis. Only the variable costs are considered, because they make the differences.

6 0

4 years ago

PLEASE SAY ME WHATS THE MEANING OF THESE 2 LINES IN ENGLISH PLZZ

fredd [130]

South India is having change so far...
Taste of sour is decreasing

7 0

3 years ago

Read 2 more answers

Sun Devil Hair Design has the following transactions during the month of February.(1) February 2 Pay $700 for radio advertising

posledela

Answer:

Sun Devil Hair Design

Journal Entries:

February 2:

Debit Advertising Expense $700

Credit Cash Account $700

To record the payment for advertising for the month of February.

February 7:

Debit Supplies $1,300

Credit Accounts Payable $1,300

To record the purchase of supplies on account.

February 14:

Debit Cash Account $2,900

Credit Service Revenue $2,900

To record the provision of beauty services to customers for cash.

February 15:

Debit Salaries Expense $900

Credit Cash Account $900

To record the payment of employee salaries for the month.

February 25:

Debit Accounts Receivable $1,000

Credit Service Revenue $1,000

To record the provision of beauty services on account.

February 28:

Debit Utility Expense $300

Credit Cash Account $300

To record the payment of utility bill.

Explanation:

Sun Devil Hair Design uses the general journal to record the its daily business transactions. The entries are made to reflect the accounting equation of Assets being equal to Liabilities + Equity at all times. When entering transactions in the general journal, the first step is to identify the accounts that are affected by each transaction. The account to be debited is recorded first followed by the account to be credited. Note that more than two accounts can be involved. However, with the double entry system of accounting, the accounting equation is always in balance.

3 0

3 years ago

Mr. David decision to increase inventory holdings resulted from the consistent pressure of Golden Cup’s Board of Directors to in

vitfil [10]

Answer:

the information is missing, so I looked for a similar question and found the attached image:

a) days inventory on hand = (average inventory / cost of goods sold) x 365 = ($14,000 / $120,000) x 365 = 42.58 days

b) inventory turnover ratio = cost of goods sold / average inventory = $120,000 / $14,000 = 8.57

I agree with Mr. David because the inventory turnover ratio of Golden Cup is already higher than the industry's average. That means that Golden Cup's current inventory level is appropriate and increasing it would only result in higher costs but would have very little influence on the company's sales.

7 0

3 years ago