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3 years ago

TRUE OR FALSE?

Business

2 answers:

saveliy_v [14]3 years ago

7 0

1. is false
2. is true

oksian1 [2.3K]3 years ago

5 0

Hi, these are your answers:-

1. When you pay back a loan, you only have to pay the principle amount that was borrowed. False.

Brief answer:- You have to pay Compound interest and tax also.

2. A budget is a financial plan. True

Hope it helps you...

Answered by Benjemin ☺️

✅

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Surfer sam company produced 4,000 units of product that required 2.5 standard hours per unit. the standard fixed overhead cost p

Svet_ta [14]

The fixed factory overhead volume variance is $400 (unfavorable)

solution

Fixed Overhead Volume Variance = Applied Fixed Overhead – Budgeted Fixed Overhead

Applied Fixed Overhead = 4,000 units ×2.5 hrs per unit×$0.80 = $8000

$Applied Fixed Overhead= 4,000 units ×2.5 hrs per unit×$0.80 = $8000$

and

Budgeted Fixed Overhead =10,500 hrs × $0.80 = $8400

$Budgeted Fixed Overhead =10,500 hrs × $0.80 = $8400$

Fixed Overhead Volume Variance = $8000- $8400 = $400 (unfavorable)

$Fixed Overhead Volume Variance = 8000- 8400 = 400 (unfavorable)$

3 0

3 years ago

On August 1, Greene Company purchased merchandise inventory on account with a list price of $25,000 and credit terms of 2/10, n/

Alekssandra [29.7K]

Answer:

August 1, merchandise purchased on account 2/10, n/30

Dr Merchandise inventory 25,000

Cr Accounts payable 25,000

Explanation:

If Greene paid within the discount period, the journal entry to record the payment would be:

August 2-11, payment of accounts payable

Dr Accounts payable 25,000

Cr Cash 24,500

Cr Purchase discounts 500

If Greene didn't paid within the discount period, the journal entry to record the payment would be:

August 20, payment of accounts payable

Dr Accounts payable 25,000

Cr Cash 25,000

5 0

3 years ago

The entry to record the distribution of the stock dividend would include

Iteru [2.4K]

The correct answer is B. A debit to common stock distributed.

The entry will be stock dividends debit, paid-in capital which is in excess per common credit stock, stock dividends which are being distributed.

In credit entry it records distribution and declaration of stock dividend which includes the debit to the retained earnings and also a credit to the common stock.

4 0

3 years ago

Need help contact me!

Oliga [24]

Answer:

you need help in what???

7 0

3 years ago

Read 2 more answers

A company purchased inventory for $ 2 comma 000 from a vendor on account, FOB shipping point, with terms of 2/10, n/30. The

Flauer [41]

Answer:

Inventory would be 1, 768

Explanation:

2,000 goods

+200 freight-in (A)

-400 returned goods

-32 discount (B)

1, 768 net amount for inventory

Notes:

(A) The freight-in will be included in the inventory, as is a cost needed to have the inventory in the company's possession and be ready to use or sell.

(B) goods x discount rate

net goods 2,000 - 4,00 return = 1,600

discount for payment within 10 days 2%

Discount on purchase: 1,600 x 2% = 32

8 0

3 years ago