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2 years ago

During January, the following selected transactions occurred.

Business

1 answer:

tester [92]2 years ago

5 0

Answer:

The journal entries are given as follows;

Explanation:

Jan 5

Cash Dr.$20,520

Sales Tax Payable 20,520-(20,520/1.08) Cr.$1,520

Inventory Cr.$19,000

Unearned Service Revenue Dr.$12,000

Service Revenue Cr.$12,000

Employee payroll Expense Dr.$452,000

Social Security payable Cr.$3,978

Federal Income Tax payable Cr.$5,686

State Income Tax payable Cr.$1,706

payroll Expenses payable (452,000-3,978-5,686-1,706) Cr.$440,630

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A sofa manufacturer can produce 10 sofas for $2,500 and 12 sofas for $2,760. What is the difference between the average cost per

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Answer:100

Explanation:

The following information can be gotten from the question:

Cost for 10 sofas = $2500

Cost for 12 sofas = $2760.

Average Cost = Total Cost/Quantity

2500 / 10 = $250 and

$2760 / 12 = $230

The average cost for 12 sofas will be $230

Marginal cost is the change in total cost divided by the change in quantity. This will be:

= ( 2760 - 2500 )/( 12 - 10 )

= 260/2

= 130

The difference between the average cost per sofa for 12 sofas and the marginal cost of the 12th sofa will be:

=230 - 130

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3 years ago

The approach to ethical behavior which proposes that actions and plans should be judged by their consequences, thus producing th

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Answer:

The correct answer is option (C)utilitarian approach.

Explanation:

Utilitarian approach: It is referred to as an action in relative to outcomes and reaction

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3 years ago

When the output of the collective farms and private plots were compared?

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<span>The private plots were more productive
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Current Assets:

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Inventories

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Total inventory 1,34,000

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A manufacturing company is a company that takes in raw materials processes the raw materials and then sells the finished goods manufactured in the market. So the current assets section of the balance sheet of Walter Co. is given which will be written on the right side of the balance sheet.

Learn more about manufacturing companies here:

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