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sleet_krkn [62]

3 years ago

14

Write short notes on-: a)Micro enterprises b)cottage industry

1 answer:

Effectus [21]3 years ago

6 0

Answer:

cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility

Explanation:

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The adjusting entry to recognize supplies expense ______ the Supplies account balance and ______ the balance in the Supplies exp

AlexFokin [52]

It should be noted The adjusting entry to recognize supplies expense decreases the Supplies account balance and increases the balance in the Supplies expense account.

<h3>What are Adjusting entries ?</h3>

Adjusting entries can be regarded as the changes to journal entries that has been already recorded.

However, adjusting entry to recognize supplies expense decreases the Supplies account balance as a result of the already recorded transaction.

Learn more about Adjusting entries at;

brainly.com/question/13933471

8 0

2 years ago

Loganville Resources has variable overhead costs of $150,240 and fixed overhead costs of $145,600. They made 24,000 units that u

disa [49]

Answer:

Answer is C

Explanation:

3 0

3 years ago

Porter Inc. acquired a machine that cost $367,000 on October 1, 2019. The machine is expected to have a five-year useful life an

pav-90 [236]

Answer:

The answer is "148050 and 246740".

Explanation:

Please find the complete question in the attached file.

for point a:

Cost $365000$

Less: Salvage value $36000$

Depreciable cost $329000$

Divide by Useful life $5$

Annual Depreciation $65800$

Depreciation expense $65800$

Accumulated Depreciation $=(65800\times \frac{1}{4})+65800+65800= 148050$

for point b:

Double declining balance rate $=\frac{1}{5}\times 2= 40\%$

Depreciation for 2019 $=365000\times 40\%\times \frac{1}{4}=36500$

Depreciation for 2020 $=(365000-36500)\times 40\%=131400$

Depreciation expense for 2021 $=(365000-36500-131400)\times 40\%= 78840$

Depreciation expense 78840

Accumulated Depreciation $=36500+131400+78840 =246740$

7 0

3 years ago

During March, the production department of a process operations system completed and transferred to finished goods 25,000 units

lesya692 [45]

Answer:

175,000 units

Explanation:

total transferred units = beginning work in progress units + number of units started and completed

beginning work in progress = 25,000 units
units started and completed during March = 150,000 units

total transferred units = 25,000 + 150,000 = 175,000 units

7 0

3 years ago

Like many college students, Melanie applied for and got a credit card that has an annual percentage rate (APR) of 12%. The first

german

Answer:

31.17 months

Explanation:

For computing the number of months required to pay off the stereo system we need to apply the NPER formula i.e be shown in the attachment below:

Given that,

Present value = $400

Future value = $0

Rate of interest = 12% ÷ 12 months = 1%

PMT = $15

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying this, the number of months is 31.17 months

8 0

4 years ago