Answer:
E. Debit Cost of Goods Sold $839,300; credit Finished Goods Inventory $839,300.
Explanation:
The journal entry is as follows
Cost of goods sold Dr $839,300
To Finished goods inventory $839,300
(Being the cost of goods sold is recorded)
The computation is shown below:
= Beginning balance of finished goods inventory + transferred of goods completed - ending balance of finished goods inventory
= $160,500 + $837,000 - $158,200
= $839,300
Answer:
Jobs argument
Explanation:
-The national-security argument states that some industries have to be protected by imposing tariffs to maintain the local production in case of a war.
-The unfair-competition argument says that the domestic market has to be protected when there is unfair competition because companies from other countries are subject to different regulations.
-Using-protection-as-a-bargaining-chip argument states that the threat of imposing a restriction can help to eliminate a restriction that was imposed by another country.
-Infant-industry argument says that new industries have to be protected because they don't have economies of scales that their competitors from others countries have.
-The jobs argument claims that the trade with other countries eliminates the local jobs.
According to this, the answer is that the senator is using the jobs argument to argue for the trade restriction on steel rods because he claims that it is necessary to impose those restrictions to protect the workers from losing their jobs.
Answer: True
Explanation:
There exists a problem known as the Agency Problem between managers and the shareholders of a company. The manager is the agent and the shareholders are the owners. Sometimes, it has been shown that the agent might act in their best interests as opposed to be best interests of the owners of the business.
To solve this, the manager should be made an owner as well and one way to do so is to give them stock options. This way, they will be motivated to work hard for the owners because they will benefit as well.
Answer:
Fixed cost per units= $2.14
Explanation:
Giving the following information:
Rent= $5,000
Direct labor= $2,500
Usually, direct labor is a variable cost that varies with production.<u> In this case, I will consider it a fixed cost.</u>
F<u>irst, we need to calculate the total fixed costs:</u>
Total fixed cost= 5,000 + 2,5000= 7,500
<u>Now, the fixed cost per unit:</u>
Fixed cost per units= 7,500/3,500
Fixed cost per units= $2.14
Answer:
4,800
Explanation:
![\left[\begin{array}{ccccc}Year&Beginning&Dep-Expense&Acc. \: Dep&Ending\\0&-&-&-&30,000\\1&30,000&6,000&6,000&24,000\\2&24,000&4,800&10,800&19,200\\3&19,200&3,840&14,640&15,360\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7DYear%26Beginning%26Dep-Expense%26Acc.%20%5C%3A%20Dep%26Ending%5C%5C0%26-%26-%26-%2630%2C000%5C%5C1%2630%2C000%266%2C000%266%2C000%2624%2C000%5C%5C2%2624%2C000%264%2C800%2610%2C800%2619%2C200%5C%5C3%2619%2C200%263%2C840%2614%2C640%2615%2C360%5C%5C%5Cend%7Barray%7D%5Cright%5D)
The double declining will be the straight-line rate times two.
straight-line = 1/10
double declining = (1/10) x 2 = 2/10 = 1/5 = 20%
The first year will be:
30,000 x 20% = 6,000 depreciation expense
then we calculatethe book value for the second year
30,000 - 6,000 = 24,000
now we clacualte the depreciation expense for the 2nd year
24,000 x 20% = 4,800
This process is repeat every year until the book value equalt the salvage value at the end of the 10th year.
