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uysha [10]
3 years ago
10

Which of the following is NOT a reason to complete the Free Application for Federal Student Aid (FAFSA)?

Business
1 answer:
Veseljchak [2.6K]3 years ago
5 0

Answer:

its no obligadp

Explanation:

You might be interested in
Should I get a small dog I mean I always wanted you be but then I wouldn’t be able to go out of town
eduard

Answer:

okay

Explanation:

3 0
3 years ago
Read 2 more answers
Which of the following most accurately describes one of the powers of stockholders? A. Stockholders manage the daily business of
Tems11 [23]

Answer:

C. Stockholders are given discounts on the company's products.

Explanation:

The powers of stockholders are to be given discounts on the company's products.

7 0
3 years ago
Read 2 more answers
ECG Company recorded two sales on March 1 of $20,000 and $30,000 under credit terms of 3/10, n/30 (3% discount if paid within 10
AlladinOne [14]

Answer:

In net method the discount not given is recorded as revenue and in gross method the discount allowed is recorded as expense.

Explanation:

ECG Company

Journal Entries

<u>Net  Method</u>

Date               Particulars                         Debit             Credit

1 March        Accounts Receivable       19400

                     Accounts Receivable     29,100

                              Sales                                              48500

( Calculation of net Sales ( 20,000* 3% = 600, 30,000* 3%= 900) 20,000- 600= 19,400 and 30,000- 900= 29,100)

8 Mar             Cash                         19400

                          Accounts Receivable                      19400

Receipt of 20,000 Sales within discount period.

25 Mar          Cash                        30,000

                      Accounts Receivable                          29,100

                    Interest Revenue                                        900

Receipt of payment after discount time period.

<u>Gross Method</u>

1 March        Accounts Receivable       20,000 Dr

                     Accounts Receivable      30,000 Dr

                              Sales                                              50,000 Cr

Transactions of Sales on gross method. Here discount is not calculated unless given.

8 Mar             Cash                         19400 Dr

                      Discount Allowed       600 Dr

                          Accounts Receivable                      20,000 Cr

Receipt of 20,000 Sales within discount period.

25 Mar          Cash                        30,000 Cr

                      Accounts Receivable                          30,000 Cr

           Receipt of Sales of 30,000 after the discount period.

6 0
3 years ago
Adriana Corporation manufactures football equipment. In planning for next year, the managers want to understand the relation bet
Delicious77 [7]

Answer:

$50.57 ; $175,573.6

Explanation:

The computation of the fixed and variable portions of overhead costs based on machine-hours using high low method is shown below:

Variable cost per hour = (High Overhead cost - low overhead cost) ÷ (High machine hours - low service hours)

= ($581,145 - $503,775) ÷ (8,020 hours - 6,490 hours)

= $77,370 ÷ 1,530 hours

= $50.57

Now the fixed cost equal to

= High overhead cost - (High machine hours × Variable cost per hour)

= $581,145 - (8,020 hours × $50.57)

= $581,145 - $405,571.4

= $175,573.60

3 0
3 years ago
Ohno Company specializes in manufacturing a unique model of bicycle helmet. The model is well accepted by consumers, and the com
jekas [21]

Answer and Explanation:

The preparation of the answer sheet is presented below;

                                 <u>Product Costs </u>

<u> Cost Item                           Direct          Direct    Manufacturing   Period </u>

<u>                                         Materials       Labor    Overhead          Costs </u>

Rent on factory

equipment                                                      $11,500  

Insurance

on factory building                                  $1,780

Raw materials     $80,800

Utility costs for factory                                  $920

Supplies for general office                                              $320

Wages for

assembly line workers               $59,700

Depreciation on office equipment                                   $830  

Miscellaneous materials                        $1,470

Factory manager’s salary                        $6,200

Property taxes on factory building        $420

Advertising for helmets                                                      $14,900

Sales commissions                                                      $10,900

Depreciation on factory building               $1,640

<u>Total                                $80,800     $59,700   $23,930      $26,950  </u>

Now  cost to produce one helmet is

= Total cost to produced ÷ number of helmets produced

= ($80,800 + $59,700 + $23,930) ÷ (10,000)

= ($164,430)  ÷ (10,000)

= $16.44

5 0
3 years ago
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