1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
creativ13 [48]
2 years ago
5

Sheffield Corporation incurred the following costs in 2020. Cost of laboratory research aimed at discovery of new knowledge $145

,000 Cost of testing in search for product alternatives 92,000 Cost of engineering activity required to advance the design of a product to the manufacturing stage 240,000 $477,000 Prepare the necessary 2020 journal entry or entries for Sheffield.
Business
1 answer:
Stells [14]2 years ago
8 0

Answer: Debit Research and Development expense $477,000

Credit Cash $477,000

Explanation:

The journal entry simply refers to the recording of transactions that a company makes and it should be noted that the total amount that's gotten in the debit column must be equal to the total amount that us gotten in the credit column.

Based on the information given in the question, the journal entry for Sheffield Corporation will be:

Debit Research and Development expense $477,000

Credit Cash $477,000

You might be interested in
If a household's income rises by 30%, its budget constraint will A) shift out parallel to the old one. B) pivot at the Y-interce
aliina [53]

Answer:

A

Explanation:

A budget constraint is a graph that shows all the combination of goods a consumer can consume given  current prices and income of the consumer.

If income increases, the budget constraint will  shift out parallel to the old

If income decreases, budget constraint will  shift in parallel to the old one.

6 0
2 years ago
Which of the following items is not needed to prepare a sales budget by product line?
Illusion [34]

Answer:

D) Expected purchase price of each product.

Explanation:

According to my research a "Sales Budget" is a companies estimation of sales for any given financial period of the year. This being the case we can say that the item that is NOT needed would be the expected purchase price of each product. This is because they already have the overall expenses for that period, and in a sales budget they just need to calculate the selling price and units expected to sell in order to estimate the profit.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
How can discussions,projects,campaigns and events support victims of xenophobia​
charle [14.2K]

Answer: They can raise awareness

Explanation:

Xenophobic victims have been through a lot of discrimination, hatred, physical abuse in most scenario. What most of them need in most cases are encouragement, opportunities to help them better.

Any project, campaign and event done would also raise awareness to those discriminating against them to understand that there is no need for that, most times some of this programs are for raising the awareness and when these awareness are raised they help the sanity of the environment where this xenophobic activities happen previously.

8 0
3 years ago
______has an absolute advantage in the production of alfalfa, and_______ has an absolute advantage in the production of barley.
AVprozaik [17]

Answer:

The person with Absolute advantage is the one that produces more of a good than the other.

<em><u>Dina </u></em><em>has an absolute advantage in the production of alfalfa, and </em><em><u>Charles</u></em><em> has an absolute advantage in the production of barley. </em>

The person with Comparative Advantage is the person who produces something at a lower opportunity cost.

Charles Opportunity Costs

Producing Alfalfa gives 12 bushels per acre instead of 6 bushels for Barley.

Producing 1 Alfalfa means 6/12 = 0.5 bushels Barley is given up

Producing 1 bushel of Barley means 12/6 = 2 bushels Alfalfa is given up.

Dina Opportunity Costs

Producing Alfalfa gives 15 bushels per acre instead of 5 bushels for Barley.

Producing 1 Alfalfa means 5/15 = 0.33 bushels of Barley is given up

Producing 1 bushel of Barley means 15/5 = 3 bushels of Alfalfa is given up.

<em>Charles's opportunity cost of producing 1 bushel of barley is </em><em><u>2</u></em><em> bushels of alfalfa, whereas Dina's opportunity cost of producing 1 bushel of barley is </em><em><u>3</u></em><em> bushels of alfalfa. Because Charles has </em><em><u>lower</u></em><em> a opportunity cost of producing barley than Dina, </em><em><u>Charlie</u></em><em> has a comparative advantage in the production of barley, and </em><em><u>Dina</u></em><em> has a comparative advantage in the production of alfalfa.</em>

6 0
3 years ago
In response to the new employee end of shift policy Brianna proposes that Ollie pay its employees on their breaks instead of mak
scoundrel [369]

Answer:

Exchange influence tactic

It means to express one's promise or trading favours

Explanation:

Influence tactics are the strategies a leader or an organization adopts so as to get people committed to them, such strategy could be positive and negative, hard or soft.

Examples of influence tactics includes rational persuasions, exchange, personal appeals, pressure, consultation, Ingratiation, etc.

5 0
2 years ago
Other questions:
  • In an equipment replacement decision, the cost of the old equipment is a(n)
    8·1 answer
  • Which of the following statements is FALSE? A. Jurisdictions must work closely with private-sector entities that provide water,
    9·1 answer
  • Magnolia, Inc., manufactures bedding sets. The budgeted production is for 17,700 comforters this year. Each comforter requires 7
    12·2 answers
  • Name the different levels of courts and describe their powers?
    12·1 answer
  • Cemptex Corporation prepares its statement of cash flows using the indirect method to report operating activities. Net income fo
    11·1 answer
  • Which of these would be considered an entrepreneur?
    9·2 answers
  • Bud exchanges land with an adjusted basis of $ 22,000 and a fair market value of $ 30,000 for another parcel of land with a fair
    8·1 answer
  • The budget director for Kanosh Cleaning Services prepared the following list of expected selling and administrative expenses. Al
    5·1 answer
  • Possible careers related to my results that appeal to me most include:
    10·1 answer
  • The type of production that does not concern itself with customer preferences, but instead focuses on making a large number of a
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!