Answer:
Net income after adjustment $225,000
Explanation:
The various adjustments are effected below:
$ Note
Net income before adjustment 232,500
Depreciation (4,400) 1
Rental income 910 2
Supplies (310) 3
Fees earned <u> (3,700) </u> 4
Net income after adjustment <u>225,000</u>
Notes
1 Depreciation represents a consumption of asset hence it is an expense which reduces profit .So, it deducted
2. Rental income accrued implies income earned but not received. So we need to record it for the period it was earned, hence we add it.
3. Supplies used represents consumption of assets, i.e an expense. So, we deduct it from the income.
4. The income received in advance represents unearned income . This would be deducted from the net income
Answer:
$ 44000
Explanation:
Given:
Actual overhead manufacturing cost, Ac = $ 352000
Actual direct labor hours, Ah = 56000
Estimated manufacturing overhead cost, Ec = $ 330000
Estimated direct labor hour, Eh = 60000
Now,
Predetermined Overhead Rate = Ec/Eh
on substituting the values in the above formula we get
= $ 330000/60000 = 5.5
also,
Underapplied Overhead = Ac + (Ah × Predetermined Overhead Rate)
on substituting the values in the above formula we get
Underapplied Overhead = 352000 - (56000 × 5.5)
or
Underapplied Overhead = $ 44000
Answer:
Scholarships
Explanation:
Merit-based aid goes to students based on their academic and/or extracurricular achievements rather than their financial need. Scholarships are the most common type of merit-based aid. Students may receive scholarships from nonprofit organizations, private businesses, and colleges and universities.
hope it helps you and give me a brainliest
Answer: Trust
Explanation:
A sales person is an individual who conducts sales on behalf of their company to a buyer.
A key quality a sales person needs to share with his customers is trust.
Trust in sales is built with the customer by: honesty, competence, compatibility and dependability on the part of the salesperson.
Answer:
Dr Cash $500,000
Cr Long-term investment $500,000
Explanation:
In order to determine the journal entry to pass when the bond matures,it would appropriate to first of all understand the entries posted when the bond was purchased,which is that cash was credited and long term investment account was debited.
The reverse would be the case at maturity which is that cash account would now receive an inflow,hence debited with $500,000 while the long-term investment certificate is parted with ,as a result the account should be credited as appropriate.
