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ruslelena [56]
2 years ago
7

Assume that Selling Division and Buying Division are both owned by Overall Corporation. Selling Division sells a product that is

used by Buying Division and outside customers. Selling Division has 28,000 units of excess capacity. Selling Division currently sells the product for $25 per unit and Buying Division currently buys 28,000 units of the product from an outside source for $25 per unit. Variable costs of the product are $5, of which $1.25 is the cost of selling the product to an outside customer.
Using Selling price less avoidable costs as the minimum price, fill in the following formula for the desired transfer price: $________ < transfer price < $________ .
Using Variable costs as the minimum price, fill in the following formula for the desired transfer price: $_______ < transfer price < $___________.
Business
1 answer:
Mariana [72]2 years ago
6 0

Answer:

80

Explanation:

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The business owner used $25000 from their personal savings account to but common stock in their company. what would be the journ
irina1246 [14]

The accounting entry is to Credit Cash for 25000 and Debit Common Stock for 25,000

<h3 /><h3>What is journal entry?</h3>

Journal entry shows how a business financial transactions are being recorded.

Typically, when cash is withdrawn from a business or personal account, the accounting entry is to credit the cash account.

Hence, the accounting entry is to Credit Cash for 25,000 and Debit Common Stock for 25.000.

Learn more about journal entry here : brainly.com/question/14279491

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7 0
1 year ago
Deon is opening a car wash, and he has approached SCORE, a SBA organization that assists small-business owners in setting up the
aivan3 [116]

Answer: Write a business plan

Explanation: He would be advised to write a business plan because it is a very important strategic tool for entrepreneurs. A good business plan helps entrepreneurs to focus on the specific steps necessary for them to make business ideas succeed. It also aids them to achieve both their short-term and long-term goals.

6 0
3 years ago
John is a drummer who purchases his drumsticks online. When practicing with the newest pair, he notices they feel heavier than u
Vinil7 [7]

Answer:

0.0042 is the probability of the stick's weight being 2.33 oz or greater.  

Explanation:

We are given the following information in the question:

Mean, μ = 1.75 oz

Standard Deviation, σ = 0.22 oz

We are given that the distribution of drumsticks is a bell shaped distribution that is a normal distribution.

Formula:

z_{score} = \displaystyle\frac{x-\mu}{\sigma}

P(stick's weight being 2.33 oz or greater)

P(x > 2.33)

P( x > 2.33) = P( z > \displaystyle\frac{2.33 - 1.75}{0.22}) = P(z > 2.6363)

= 1 - P(z \leq 2.6363)

Calculation the value from standard normal z table, we have,  

P(x > 2.33) = 1 - 0.9958 =0.0042= 0.42\%

0.0042 is the probability of the stick's weight being 2.33 oz or greater.

6 0
3 years ago
Ken Jones, an architect, organized Jones Architects on April 1, 20Y2. During the month, Jones Architects completed the following
Over [174]

Answer:

cash 18,000

    common stock    18,000

to record issuance of stock for cash

car   19,500

  cash             2,500

 note payable  17,000 ( 19,500 - 2,500)

to record purchase of automobile

rent expense 3,150

    cash                       3,150

to record payment of rent

supplies        1,450

       cash                  1,450

to record payment of supplies

office equipment   6,500

        account payable           6,500

to record purchase of equipment

prepaid insurance    2,400

                  cash                       2,400

to record purchase of insurance for the whole year

cash          12,000

service reveue       12,000

to record service earned and collected

account payable   1,800

        cash                          1,800

to record payment of account

miscellaneous expense 375

         cash                                 375

to record miscellaneous expense

blueprint expense   2,500

          blueprint payable       2,500

to record invouce for blueprint

account receivable 15,650

        service revenue            16,650

to record earned services but not collected.

salaries expense 2,800

        cash                           2,800

to record payment of assistant salary

miscellaneous expense 200

         cash                                 200

to record miscellaneous expense

note payable 300

       cash                   300

to record installment of note for car

car maintenance expense 550

          cash                                    550

to record several expense associate with the car

Explanation:

We will post each entry according to the accounting principles:

debit = credit

and to reflect the reality

4 0
3 years ago
According to "sleep rules raise trucking costs," in 2013 the federal motor carrier safety administration estimated the new rules
erik [133]
The government really just expected reduced highway fatalities.  Even though that it costs these multibillion dollar companies a little more to let their drivers rest, it sill makes the roads safe for all drivers.  Driving while tired is almost as bad as driving under the influence, so making sure that these truck drivers get sleep make sure everything is super safe for everyone. 
5 0
2 years ago
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