1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AleksAgata [21]
3 years ago
10

What is the largest item on which the federal government spends the money it raises?

Business
2 answers:
strojnjashka [21]3 years ago
8 0
Answer: social security
Fiesta28 [93]3 years ago
8 0
Hey there Kyleighkinler607,
The answer is Social Security.

Hope this helps:))

<em>~Top♥</em>
You might be interested in
George and Miguel are considering opening up a shoe store but first need to do market research. Which one of these is NOT part o
mamaluj [8]
Is this multiple choice, where are the answers to choose from?
5 0
3 years ago
Read 2 more answers
Jose has a limited Google Ads budget, and his ads aren’t showing as often as he wants. How might he improve results without spen
Basile [38]
Show me some things first
8 0
3 years ago
Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting informa
defon

Answer:

$28,675 = direct materials used

Explanation:

<u>To calculate the direct material used, we need to use the following formula:</u>

Cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

112,450= 23,600 + direct materials used + (22,550*2.5) + 22,550 - 18,750

112,450 - 23,600 - 56,375 - 22,550 + 18,750 = direct materials used

$28,675 = direct materials used

3 0
2 years ago
5. Destiny is asked if she wants to open a Macy's credit card on the spot when she is checking out.
Zielflug [23.3K]
B because is B I now it is
5 0
3 years ago
Montana Mining Co. pays $3,721,000 for an ore deposit containing 1,525,000 tons. The company installs machinery in the mine cost
Paraphin [41]

Answer:

Ore deposit depletion and Mining machinery depreciation Journal entries

Dr Depletion charge (Ore deposits) 405,528

Cr Accumulated depreciation 405,528

Dr Depletion charge (Ore deposits) 23,268

Cr Accumulated depreciation 23,268

Explanation:

Preparation of the year-end entries to record both the ore deposit depletion and the mining machinery depreciation of Montana Mining Co

Depletion of natural resources can be defined as the way in which the cost of natural resources is apportioned upto the period when it will be utilized which is why they are shown at cost in balance sheet.

The entry is to record depreciation charged on ore deposit depletion. Therefore To record this entry we have to debit depletion charges, and credit accumulated depreciation

Dr Depletion charge (Ore deposits) 405,528

Cr Accumulated depreciation 405,528

Computation of depletion cost per unit:

The depletion cost per unit can be calculated by dividing the net cost of the ore with the total units of capacity :

Depletion/units = Cost - Salvage/ Total unit of capacity

$3,721,000/1,525,000 tons

=$2.44

Hence, depletion per unit is $2.44.

Computation depletion amount on ore deposit:

The depletion amount on ore deposit can be calculated by multiplying the cost per depletion unit with the number of units utilized:

Depletion =Cost/Unit ×Units Utilized

$2.44×166,200 tones

=$405,528

Hence, depletion expenses on ore deposit amounts to $405,528.

The pass entry to record depreciation charged on mining machine :

Dr Depletion charge (Ore deposits) 23,268

Cr Accumulated depreciation 23,268

Computation of depreciation cost per unit:

The depletion cost per unit can be calculated by dividing the net cost of the ore with the total units of capacity :

Depletion/units = Cost - Salvage/ Total unit of capacity

$213,500/1,525,000 tons

=$0.14

Hence, depreciation per unit is $0.14.

Computation of depreciation amount on ore deposit:

The depletion amount on ore deposit can be calculated by multiplying the cost per depletion unit with the number of units utilized:

Depletion =Cost/Unit ×Units Utilized

$0.14×166,200 tones

=$23,268

Therefore the depreciation expenses on ore deposit amounts to $23,268

4 0
3 years ago
Other questions:
  • All production costs have been steadily rising at Donner Company for several periods. In this environment, Donner Company’s cost
    15·1 answer
  • Kingbird, Inc. purchased office supplies costing $7980 and debited Supplies for the full amount. At the end of the accounting pe
    5·1 answer
  • On July 1, 2021, an interest payment date, $149000 of Bonita Industries bonds were converted into 2970 shares of Bonita Industri
    10·1 answer
  • Pearl Corp. factors $370,000 of accounts receivable with Martinez Finance Corporation on a without recourse basis on July 1, 202
    13·1 answer
  • Sarah borrowed $16,500 on May 23 with interest due on September 3. If the interest rate is 9%, find the interest on the loan usi
    5·2 answers
  • Using the information provided about marketing and advertising law, determine which of the following would be a violation of thi
    7·2 answers
  • 1. The level of prices and the value of money Suppose the price level reflects the number of dollars needed to buy a basket of g
    11·1 answer
  • Henry Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginning o
    9·1 answer
  • Kawamura, a careful utility maximizer, consumes peanut butter and ice cream. Assume that both peanut butter and ice cream are no
    8·1 answer
  • Innova uses 1,100 units of the component IMC2 every month to manufacture one of its products. The unit costs incurred to manufac
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!