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3 years ago

What are the five main columns of a journal?

1 answer:

6 0

<span>The general journal is used to track categories of transactions and includes all company transaction. All </span><span>journal entries are recorded in the general journal.</span>
The five main columns of a journal are: date, account titles, posting reference, debit, and credit columns.

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The owner of Marshall Restaurant is disappointed because the restaurant has been averaging 7,500 pizza sales per month, but the

Troyanec [42]

Answer:

No of units 6,000 7,500 10,000

Total fixed cost $12,000.00 $12,000.00 $12,000.00

Total variable cost $9,000.00 $11,250.00 $15,000.00

Total cost $21,000.00 $23,250.00 $27,000.00

Fixed cost per pizza $2.00 $1.60 $1.20

Variable cost per pizza $1.50 $1.50 $1.50

Average cost per pizza $3.50 $3.10 $2.70

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3 years ago

Which of the following are advantages of PERT and CPM? (I) It is visual. (II) It is automatically updated. (III) Activities that

Alecsey [184]

Answer:

A. III only

Explanation:

One of the very useful tools in project management analysis is the PERT and CPM.

PERT (Program evaluation and review technique) provides valuable information regarding which activities need to be closely watched.

While CPM (Critical Path Method) helps in determining the time required to complete each task, and the minimum time required to complete a project.

Both CPM and PERT serve similar purposes by helping to determine projects or activities that need to be watched closely.

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3 years ago

Maintenance, which was about 18 of the total budget less than it spent on administrative personnel. The amount spent on administ

____ [38]

Answer:

the remaining budget for other expenses = 1/8 of the total budget

Explanation:

Since the city's administrative personnel expenses are 1/8 larger than both maintenance expenses and safety expenses, it means that safety expenses are equal to maintenance expenses.

Since maintenance expenses are 1/4 of the total budget, safety expenses are also 1/4 of the total budget.

Administrative personnel expenses are 1/8 higher, so that means that they equal 1/4 + 1/8 of the total expenses.

If we add the three categories = 1/4 + 1/4 + (1/4 + 1/8) = 7/8

So the remaining budget for other expenses = 1 - 7/8 = 1/8 of the total budget

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3 years ago

The following information relates to Smoothie Incorporated. Beginning assets = 200,000 Beginning liabilities = 124,000 Beginning

Debora [2.8K]

Answer:

$153,000

Explanation:

With regards to the above, ending balance of equity

= Beginning equity + Sales during the year - Expenses(including taxes) during the year - dividends + proceeds from the issuance of stock

= $76,000 + $617,000 - $561,000 - $14,000 + $35,000

= $153,000

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3 years ago

A subsidiary can pay only 50% of its profits to its parent company unless the subsidiary's accumulated retained earnings have be

Aleks [24]

Answer:

False

Explanation:

There is no restriction that prohibits the payment of dividends from a subsidiary to a parent company. The parent company has to report the subsidiary's profit as taxable income, so the subsidiary must pay its dividends to the parent company. To avoid multiple layers of taxation, parent companies can use the dividends-received deduction to reduce their taxes on the dividends received. Then the parent company must itself distribute dividends to its shareholders.

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4 years ago