Answer:
Rent Expense (Dr.) $5,000
Cash (Cr.) $5,000
Inventory (Dr.) $35,380
Accounts Payable Martin Co. (Cr.) $35,380
Accounts Receivable Korman Co. (Dr.) $62,000
Sales (Cr.) $62,000
Cost of Goods Sold (Dr.) $48,500
Inventory (Cr.) $48,500
Explanation:
Advertising Expense (Dr.) $21,800
Cash (Cr.) $ 21,800
Cash (Dr.) $62,000
Accounts Receivable Korman Co. (Cr.) $62,000
Customer Refund Payable (Dr.) $31,500
Cash (Cr.) $31,500
Sales Salaries Expense (Dr.) $12,000
Office Salaries Expense (Dr.) $ 38,000
Cash (Cr.) $50,000
Store Supplies Expense (Dr.) $2,200
Cash (Cr.) $2,200
Answer:
The correct answer is (a) $41,800.
Explanation:
Solution:
Given that:
The first step taken is to calculate for depreciation on sold equipment:
Amount($)
Accumulated depreciation in Year -1 (a) = 540000
Depreciation for the year 2 (b) = 48000
Accumulated depreciation to be in year 2 c=(a+b)=588000
Reported accumulated depreciation in year 2(d)=460000
Thus,
Depreciation on sold Equipment e= (c-d) = 128000
Now,
The second step is to calculate sale proceeds:
Cost (a)= 164000
Depreciation(b) =128000
The written dawn value c=(a-b) = 36000
Gain on sale of equipment (d)=5800
The Sale Price (c+d)=41800
Therefore, the sale of the equipment is $41,800
Since costs for direct materials, cost for direct labor and allocation for manufacturing overhead are all costs, these three are added up to obtain the total costs.
Total costs = costs for direct materials+cost for direct labor+allocation for manufacturing overhead
Total costs = $13,400+$11,900+0.75($11,900)
Total costs = $34,225
The answer is C.
Answer:
50 Units of milkshake
Explanation:
The reason is that the maximum Chuck can purchase milkshakes is of $100 and spending these $100 will give access to 50 units of milkshakes. The vertical intercept for Chuck is 50 units which is the maximum number of quantity for Chuck which it can buy from his $100. So this intercept defines the feasible region for $100. Hence this intercept can be found by:
The vertical intercept for Chuck's budget line = $100 Income / $2 per milkshakes = 50 Units of milkshakes
Answer:
b)Loan payment on a new car
Explanation:
These are the options for the question;
a)Dining out at local restaurants
b)Loan payment on a new car
c)Expenses for new clothes
d)Postponing a purchase for a big-screen TV
Expenses in finance is the cost incurred or an ouflow of cash in order to get a value back such as money spent on rent, feeding, buying new cloth and others. Expenses could be classified as Variable, fixed, operating, non-operating However, Expenses can be adjusted.
All the listed Expenses can be be easily adjusted except loan payment on a new car because, the loan payment on the new car is expenses inform of interest and can be classified as "non-operating"expense and doesn't go with the main activities like other expenses, so it must be deducted at agreed period.hence,it can be difficult to adjust.