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3 years ago

Use the drop-down menu to choose best job title for each example below.

Business

1 answer:

kodGreya [7K]3 years ago

5 0

Answer:

eligibilty interviewer

municipal clerk

postal service mail carrier

Explanation:

i just did the edunity

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Gardiner, Inc. reported a retained earnings balance of $190,000 at December 31, 2024. In June 2025, Gardiner discovered that mer

Drupady [299]

Answer: $246,000

Explanation:

Merchandise costing $20,000 had been omitted from the Ending Inventory.

Ending inventory is deducted from Cost of Goods sold which means that the Cost of Goods sold was overstated by $20,000.

Cost of Goods sold are subtracted from sales to find Gross Income so if it was overstated then Income was understated by $20,000.

Accrued Revenue is to be added to Income so if it was omitted then income was understated by $50,000.

Income in total was therefore understated by = 20,000 + 50,000

= $70,000

The correcting entry is net of tax so;

= 70,000 * ( 1 - 20%)

= $56,000

Retained earnings will therefore be;

= 190,000 + 56,000

= $246,000

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3 years ago

The Love of Money is the root of all evil but if i give you money you will take it why???

ziro4ka [17]

Answer:

cause we need money for basic needs

such as cloths,shelter,education,medical needs e t c.

6 0

3 years ago

Read 2 more answers

Spruce Company uses a job costing system. Spruce Company's schedule of cost of goods manufactured showed the following amounts f

julsineya [31]

Answer:

The amount of allocated manufacturing overhead costs for August is $47,150

Explanation:

For computing the allocated manufacturing overhead costs, first we have to compute the direct labor hours which is shown below:

= Direct labor cost ÷ per hour rate

= $73,800 ÷ $36

= 2,050 hours

Now the allocated manufacturing overhead costs equals to

= Direct labor hours × Manufacturing overhead rate

= 2,050 hours × $23

= $47,150

5 0

3 years ago

Using The gross profit method, find the estimated cost ...

mixer [17]

sd ds fds dsfa dfssdff df ds sd dsdsf d sf dsf dfs sdf

7 0

3 years ago

4. Each year, Holly's Best Salad Dressing, Inc. (HBSD) purchases 50,000 gallons of extra virgin olive oil. Ordering costs are $1

Norma-Jean [14]

Answer:

HBSD should take the discount because it will

lead to as savings of $1,120.00

Explanation:

step 1

Determine the the inventory cost of EOQ

EOQ =√ (2× Co× D)/Ch

= √(2× 100× 50,000)/ 80% × $0.50

= 5,000 units

Inventory cost = Purchase cost + Ordering cost + carrying cost

Purchase cost = 50,000 × $0.50 = 25,000.00

Ordering cost = (50,000/5000)× 100 = 1,000

carrying cost = (5000/2) × $0.50 × 80% = 1,000

Total cost 27,000.

Step 2

Determine the inventory cost for order of 10,000 gallons

Order of 10,000 gallons

Purchase cost = $(0.50-0.03) × 50,000 = 23,500.

Ordering cost = (50,000/10,000) × 100 = 500

Carrying cost = (10000/2) × $(0.50-0.03)× 80% =1880

Total cost 25,880.

Step 3

Compare the cost under the two options

HBSD should take the discount because it will

lead to as savings of $1,120.00 i.e (927,000 - 25,880.)

6 0

3 years ago