The answer is A. Imposition of a non binding price ceiling in the market
Price Ceiling is when a government impose a price limit over a specific product
Non-Binding Price ceiling is if that price limit that imposed to the product is still <em><u>higher than market equilibrium ,</u></em> which won't do anything to producer's surplus
Answer:
e. 10,500 units.
Explanation:
<em>the equivalent units of production - direct materials</em>
<em>Note : Units in ending Work in Process inventory were 50% complete with respect to direct materials</em>
units in ending Work in Process inventory (5,000×50%) = 2,500
units completed and transferred to the next stage (8,000×100% = 8,000
Total = 10,500
<em>the equivalent units of production - conversion costs</em>
<em>Note : Units in ending Work in Process inventory were 50% complete with respect to conversion costs</em>
units in ending Work in Process inventory (5,000×50%) = 2,500
units completed and transferred to the next stage (8,000×100% = 8,000
Total = 10,500
Answer:
journal entry are given below
Explanation:
given data
gross pay for the period = $1,000
net pay for the period = $820
to find out
journal entry to record the issuance of payroll checks
solution
journal entry are as
Account Name Debit Credit
Labor Expenses $1000
payroll taxes Payable $820
Net Payroll Payable $180
( $1000 - $820 )
Answer:
The correct answer is debit to Bad Debt Expense.
Explanation:
Taking into account the nature of both accounts, the registration of an account receivable is considered an asset taking into account that it is a callable value for the sale of products or services on credit, for which reason it is recorded in the debit to increase the company rights. In the exposed case, where the debt is considered uncollectible after exhausting many resources, the record is to recognize an expense (debit nature), against a credit to the account receivable with the objective of recognizing in the accounting the loss in the expense and the cancellation of the right in the asset.
Answer:
Dividend paid = $0.64 x 158,000 = $101,120. The dividend paid reduces retained earnings by $101,120.
The correct answer is C
Explanation:
Dividend is paid out of profit after tax. This reduces the retained earnings of the company since dividend involves outflow of cash.
