To make the most of your time you should break up large projects into small pieces true or false

Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou

Gnesinka [82]

Answer: a). Debit Factory Payroll Payable $160,000; credit Cash $160,000.

Explanation: Direct labor refers to the manpower used in production. They are the factory workers involved in using the raw materials to produce finished goods.

Expense on direct labor is provided for during the production by a debit to factory payroll expense and a credit to factory payroll payable.

As such, the journal entry will be a debit to factory payroll payable $160,000 and a credit to cash $160,000. This means cash will reduce by $160,000 as the factory workers are paid while payables which is a provision account will reduce as well on the cash book by the same amount.

3 0

3 years ago

In the context of the vertical structure of a firm, a wide span of control builds a _____ organization with few reporting levels

Natali5045456 [20]

Answer:

flat

Explanation:

In a vertical structure of organization, there is a pyramidal top-down structure

whereby there would be be owner at top i.e CEO, a manager at middle section as well as supervisor and employees at the bottom section.

It should be noted that In the context of the vertical structure of a firm, a wide span of control builds a flat organization with few reporting levels.

3 0

3 years ago

On August 31, 2021, the general ledger of The Dean Acting Academy shows a balance for cash of $7,914. Cash receipts yet to be de

Monica [59]

Answer: Reconciled ending balance of cash=$7,925

Explanation:

Bank reconciliation is used by companies to reconcile thier ledger balances and that of their bank's balance and to make necessary adjustments where necessary.

BanK Reconcillation on August 31, 2021

Bank cash balance $6,012

add

Deposit outstanding +$3,308

deduct :

Checks outstanding -$1,395

Bank balance reconciliation $7,925

Company's book balance $7,914.

add:

interest earned + $43

deduct:

service fees - $32

Company balance reconciliation $7,925

7 0

3 years ago

Grain's alternative corporation has a predicted operating income of 80,000. The managerial accountant reported that total variab

dexar [7]

Answer:

Number of units needed to reach the operating income of 80,000: 5,200 units

Explanation:

Please find the below for detailed calculations and explanations:

To achieve $80,000 of operating income, denote the number of units needs to be sold is x.

For each unit sold, the incremental in profit will be 20.

Thus, to achieve the profit of 80,000, the amount of x units sold will generate the profit before fixed cost that covers 24,000 fixed cost and 80,000 targeted profit. So, we have:

80,000 + 24,000 = 20x <=> x = 5,200 units.

* For quick calculation purpose, we may apply the formular: Units need to be sold to achieve targeted income = (Fixed cost + targeted income)/ Contribution margin per unit in monetary form.

8 0

3 years ago

Richards Corporation had net income of $231,971 and paid dividends to common stockholders of $58,300. It had 55,100 shares of co

Karolina [17]

Answer:

It is 15.68 times

Explanation:

Price-Earnings Ratio = Market Price per share (MPS)/Earning per share (EPS).

Where EPS = $231,971 /55,100

= $4.21

Hence, Price-Earnings Ratio = 66/4.21

=15.68 times

P/E ratio shows the expectations of the market and is the price you pay per unit of current earnings.

The ratio is as well being used for valuing companies and to find out whether they are overvalued or undervalued most especially by the investors.

8 0

3 years ago

To make the most of your time you should break up large projects into small pieces true or false​

To make the most of your time you should break up large projects into small pieces true or false