All categories

2 years ago

The journal entry to record the use of utilities in a factory could include which two of the following:

1 answer:

7 0

Answer: Debit to Factory Overhead.
Credit to Factory Utilities Payable.

Explanation:Utilities are part of actual overhead costs. It is a necessary cost in order to operate the factory, but is not DIRECT Labor or DIRECT Material.

You might be interested in

The following is cost information for the Creamy Crisp Donut Company.Entrepreneur's potential earnings as a salaried worker = $5

jarptica [38.1K]

Answer:

Creamy Crisp's total revenues exceed its total costs, including a normal profit, by $366,000

Explanation:

Creamy Crisp's total revenue exceeds its total cost, including a normal profit by =

When answering this we use all the actual costs and revenue and all the hypothetical figures, or the opportunity costs and revenue as we need to calculate total revenue exceeding costs and normal profits.

Total revenue actual + potential = Entrepreneur's potential earnings as a salaried worker $50,000 + Annual revenue from operations $380,000 + Value of entrepreneur's talent in the next best entrepreneurial activity $80,000 + Entrepreneur's forgone interest on personal funds used to finance the business $6,000

= $516,000

Total costs = Payments to workers $120,000 + Utilities (electricity, water, disposal) costs $8,000 + Annual lease on building = $22,000

= $150,000

Creamy Crisp's total revenues exceed its total costs including a normal profit by $516,000 - $150,000 = $366,000

Since normal profit is included and not excluded normal profit shall not be computed separately and the final answer is $366,000

4 0

3 years ago

Someone help me in my homework please?

aniked [119]

Answer:

im sorryi wish i was good at math

Explanation:

im failing math btw

3 0

3 years ago

Identify three ways you can group customers into market segments?

qaws [65]

Answer:

you could do demographic segmentation

behavioural segmentation

geographic segmentation

psychographic segmentation

notes: hope this helps

8 0

3 years ago

Read 2 more answers

Company Earnings per Share Market Value per Share 1 $ 11.00 $ 176.00 2 8.00 78.40 3 6.00 77.40 4 35.00 203.00 Compute the price-

babymother [125]

Answer:

9.8

12.90

5.8

Explanation:

The price to earning ratio is a financial metric used to value a company. it compares the price of a stock to the earnings of the stock. the lower the metric is, the higher the valuation of the firm

price to earning ratio = market value per share / earnings

1 = 176/11 = 16

2. 78.40 / 8 = 9.8

3. 77.40 / 6 = 12.90

4. 203/35 = 5.8

3 0

3 years ago

Without buying points, a monthly mortgage payment will be $958. Buying 1 point at closing would reduce the payment to $948. 75.

d1i1m1o1n [39]

The time taken to break even at buying 1 point will be in<u> 9 years</u>.

Given,

Monthly mortgage payment =$958
Monthly payment will be reduced to buy 1 point =$948.75
Cost of each point =$1,000

Computation:

1. The computation of the reduced amount in the monthly mortgage payment:

$\begin{aligned}\text{Reduced Amount}&=\text{Original Payment}-\text{Reduced Payment}\\&=\$958-\$948.75\\&=\$9.25\end{aligned}$

2. The computation of yearly mortgage payment:

$\begin{aligned}\text{Yearly Mortgage Payment}&=\text{Reduced Amount}\times\text{Total Months in a Year}\\&=\$9.25\times12\\&=\$111\end{aligned}$

3. The computation of the number of years for the break-even by buying 1 point:

$\begin{aligned}\text{Number of Years}&=\dfrac{\text{Cost of Point}}{\text{Amount og Yearly Mortgage Payment}}\\&=\dfrac{\$1,000}{\$111}\\&=9.00\;\text{Years}\end{aligned}$

Therefore, to break even by buying 1 point the holder requires 9 years to reach.

To know more about mortgage payments, refer to the link:

brainly.com/question/1542555

4 0

2 years ago