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kkurt [141]
3 years ago
11

Information $6,000 coffee equipment - 5 year expected useful life (it depreciates 1/60 every month) Adjusting entries for the mo

nth end for a $6,000 coffee equipment. What is the entry for depreciate expense?
a. $60 depreciate expense - debit
b. $60 depreciate expense - credit
c. $100 depreciate expense - debit
e. $100 depreciate expense - credit
Business
1 answer:
den301095 [7]3 years ago
7 0

Answer:

c. $100 depreciate expense - debit

Explanation:

Depreciation Expenses Per Month = 1/60*6000

Depreciation Expenses Per Month = $100/month

                  Adjustment Entry

Account Title                          Debit    Credit

Depreciation expenses         $100

Accumulated Depreciation                 $100

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The following account appears in the ledger prior to recognizing the jobs completed in January:
deff fn [24]

Answer:

Following are the solution to this question:

Explanation:

In point a:

Journal Entry :

Account                                      Dr                            Cr.

Goods completed              \$358,680

Processing work                                                 \$358,680

Complete total labour costs

= \$70,950 + \$82,770 + \$ 43,360 + \$ 161,600 \\\\ = \$ 358680

In point b:

Uncompleted jobs cost:

\text{Balance, January 1} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \   \$17,510\\\\\text{Direct materials} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \   \$142,360\\\\ \text{Direct labor } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \             \$153,560\\\\\text{Factory overhead } \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \  \$80,720\\\\\text{Cost of Finished Goods Transferred} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ (\$  358680)\\\\\text{Cost of Unfinished Jobs on Aug 31} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$ 35470\\\\

8 0
3 years ago
A good process should __________ and remove the inflexibility of a defined procedure of operation.
pickupchik [31]

A good process should<u> facilitate the adaptability</u> and remove the inflexibility of a defined procedure of operation.

Answer: Option 1.

<u>Explanation:</u>

A good process is the one which does not remain the same forever. It should have facilities for accepting the changes where ever they are needed. The changes should be done with time.

A good process should not be inflexible and it should be flexible. The flexibility only should make it adaptable to the changes over a period of time for more development.

4 0
3 years ago
Imagine you are the marketing manager for a U.S. manufacturer of disposable diapers. Your firm is considering entering the Brazi
Radda [10]

Answer:

1) The firm should not use the same advertisements in the U.S. and Brazil because culture plays an important role in advertising, and the cultures of both countries are very different. Something that is culturally acceptable in the U.S. might no be so in Brazil and viceversa, and advertisements usually make use of cultural references to build rapport with the potential customers.

When determining the local prices in Brazil, management should take advice from local managers but it should still try to determine the final prices only after doing extensive market research.

2) I do not agree. On the contrary, it is likely that we will see a trend toward increasing product customization. This is because more countries are becoming wealthier (for example, China and India), and as a consquence, people now have more disposable income than before, and can be more demanding when it comes to the products they buy.

3) Depending on the country, the job experience for expatriates can be very difficult. Language is probably the most common hardship, if the expatriate does not speak well the language of the host country, then he will likely have a very hard time in the workplace.

Cultural shock, lack of personal relationships, and a general lack of knowledge about how things work can also cause problems.

Companies should train employees before they are sent abroad. They should try to send employees who speak the language of the country if possible, and if not, help them learn a few basics at least. Companies should also instruct their employees about the general culture, geography, laws, and customs present in the country of destination.

5 0
3 years ago
In the text's business plan model, recognition of potentially unreliable sales forecasts and industry trends, and uncertain raw
bixtya [17]
Dont know this im sorry
8 0
4 years ago
The text states, "Over sufficiently long time periods, net income equals cash inflows minus cash outflows, other than cash flows
liberstina [14]

Answer:

                                 Cash       Equipment   Common stock Net income

Cash contributed

by Owners        $ 100,000               $  100,000  

Purchase of

machine for cash $ (100,000)    $ 100,000  

Recoginition of

rent revenue         $125,000                                   $125,000

Recoginition of

operating

expense                $(30,000)                                   $(30,000)

Recoginition of

Depreciation                             $ (80,000)                                 $(80,000)

Sale of Machine   $ 22,000     $ (20,000)                          $ 2,000

Totals               $ 117,000          $0                $100,000         $ 17,000

Explanation:

6 0
4 years ago
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