Can someone please help me with this!?

The ledger of Umatilla, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries.

alexgriva [62]

Answer:

1. Dr Insurance expence $300

Cr Prepaid insurance $300

2. Dr Supplies expense $1,600

Cr Supplies Asset $1,600

3. Dr Depreciation expense $200

Cr Accumulated Depreciation $200

4. Dr Unearned Service Revenue $4,000

Cr Service revenue $4,000

Explanation:

Preparation for the adjusting entries for the month of March.

1. Dr Insurance expence $300

Cr Prepaid insurance $300

(Being to record expired Insurance)

2. Dr Supplies expense $1,600

Cr Supplies Asset $1,600

($2,500+$900)

(Being to record Supplies on hand)

3. Dr Depreciation expense $200

Cr Accumulated Depreciation $200

(Being to record Depreciation of equipment)

4. Dr Unearned Service Revenue $4,000

Cr Service revenue $4,000

(2/5*$10,000)

(Being to record two-fifths of the unearned service revenue)

6 0

3 years ago

For each event, explain whether the initial effect is a change in planned investment spending or a change in unplanned inventory

Katen [24]

Answer: A: An unexpected increase in consumer spending results in decreased inventories of those who produce the goods.

B: An increase in the interest rate is equal to an increase in borrowing costs, therefore, those producers who wish to invest will have fewer viable projects since the cost of obtaining capital will be higher.

C: A sharp increase in the economy's growth rate of real GDP has the consequence that producers increase their production capacity and have a higher investment expense.

D: an unanticipated fall in sales causes producer inventories to grow as they sell less, leading to unplanned excess inventories.

7 0

4 years ago

The cost of land would not include: Multiple Choice Purchase price. Cost of parking lot lighting. Costs of removing existing str

Annette [7]

The cost of land would not include option(a) i.e, the Cost of parking lot lighting.

<h3>What is meant by the cost of land?</h3>

The asset valuation method that is used to value land that appears on a company's balance sheet is known by the financial accounting term cost of land. The price of the land would cover all costs incurred in purchasing the property as well as those incurred in getting it ready for usage by the business.

The price of the land might be calculated by adding the purchase price, the local government's appraisal of the property, deducting the cost of any existing structures, and title insurance premiums.

All expenses incurred to prepare the improvements for use are included in the cost of land improvements. For instance, the cost of the parking lot is just the agreed-upon fee when two businesses enter into a contract to build one on the other's property.

To know more about cost of land refer to: brainly.com/question/26383713

#SPJ4

6 0

3 years ago

Global companies have five strategies for matching products and their promotion efforts to global markets. Changing a product in

chubhunter [2.5K]

Answer:

As given as below.

Explanation:

The global companies have some production strategies that make an appropriate for the country climate or presences such as the

uniformity in the brand names
An identical packaging of similar products .
The standardized advertising messages .
synchronized pricings .
coordinated of the product launches .
The harmonious sales campaigns

Based on these strategies, the matching products, and their promotion efforts are made in some way or the other that makes it appropriate for the climate of the place and the territorial of the country.

It has certain advantages like the lower the marketing costs , and also power and scope , consistency in the brand image and defining the ability to leverage ideas quickly and efficiently , uniformity of the marketing practices , also helps to establish relationships outside of the strategy.

5 0

4 years ago

A manager hires labor and rents capital equipment in a very competitive market. Currently the wage rate is $9 per hour and capit

EleoNora [17]

Answer: Capital should be increased in the production process.

Explanation:

We should note that based on rule of cost minimization, the quantity of capital and labor that's employee by a firm should be one where the MRTS i.e marginal rate of technical substitution between the capital and labor is equal to the wage rental ratio. Therefore,

MRTS = w/r

MPl/MPk = w/r

MPl/w = MPk/r

45/9 < 60/10

5 < 6

Since the ratio isn't equal, it simply means that the firm isn't using optimum mix of inputs. Based on the above, capital should be increased.

4 0

3 years ago