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2 years ago

What side of the manufacturing overhead account is actual manufacturing overhead entered on?.

1 answer:

8 0

Applied overhead goes on the credit side of the Manufacturing overhead of $120,700 was applied to production using the company's predetermined overhead rate

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Debbie Brooks and Martha Tingstrom lived together. Tingstrom handled their finances. For five years, Brooks did not look at any

Vladimir [108]

Answer:

Debbie Brooks is the one who will suffer the loss for the checks paid with Brook's forged signature.

Explanation:

Debbie Brooks is the one who will suffer the loss for the checks paid with Brook's forged signature because Brooks was supposed to be checking the statement regarding her accounts frequently . By that, she could have discovered that Tingstrom had taken $85,000 from her checking account with Transamerica Financial Advisors and hence be able to sue her.

After Debbies Brooks discovered what Martha had done, she should have have stopped the transaction immediately but instead another year passed before she filed a suit against Transamerica. Hence, she will be one who will suffer from the forged signature.

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4 years ago

The person who receives financial protection from a life insurance plan is called

AveGali [126]

The person who receives financial protection from a life insurance plan is called a Beneficiary. The other side is the policy owner. he beneficiary is usually selected at the time of the policy inception by the owner of the contract.Beneficiary Order , Beneficiary Changeability and Beneficiary Legal Type are the three types of Beneficiaries for Life Insurance.

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4 years ago

The current rates for an 80/20 mortgages are 4.15% for the first mortgages and 9.75% for the second mortgage. On a $200,000 30 y

olganol [36]

Answer: The actual rate of the mortgage is 5.27%.

Since we're taking two mortgages for a total of $200,000 for 30 years, we can find the actual rate of the mortgage by finding the weighted average of the two rates. The weights in this case will be the proportion of loan taken at each rate

We have

Rates Weights Rates * Weights

4.15 0.80 $4.15 * 0.80 = 3.32$

9.75 0.20 $9.75 * 0.20 = 1.95$

Total 5.27%

5 0

3 years ago

How have computers affected the american workforce?

Lynna [10]

Virtually all companies in America now make use of computers in their daily activities. American workforce now need computer technical skills before they can gain employment to work in companies.

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3 years ago

Read 2 more answers

DeLong Corporation was organized on January 1, 2017. It is authorized to issue 14,500 shares of 8%, $100 par value preferred sto

DanielleElmas [232]

Answer:

Jan. 10

Cash $507,00 (debit)

Common Stock $507,00 (credit)

Mar 1

Cash $566,500 (debit)

Preferred Sock $515,000 (credit)

Share Premium : Preferred Stock $51,500 (credit)

April 1

Land $91,000 (debit)

Common Stock $91,000 (credit)

May 1

Cash $420,000 (debit)

Common Stock $420,000 (credit)

Aug 1

Legal Expenses : Attorneys bill $39,500 (debit)

Common Stock $39,500 (credit)

Sept 1

Cash $80,500 (debit)

Common Stock $80,500 (credit)

Nov 1

Cash $222,000 (debit)

Preferred Sock $200,000 (credit)

Share Premium : Preferred Stock $22,000 (credit)

Explanation:

<u>Common Stocks are at no par value:</u>

This means that ,

1.When Common Stocks are Issued, the value is the issue price there is no share premium reserve on it.

2. For consideration paid in Common Stocks, value of stocks would be the same as the cost at initial recognition. For example the Purchase of Land on April 1. Initial recognition is at Asking Price of $91,000. Hence common stocks are issued at $91,000.

<u>Preference Stocks are at $100 par</u>

This means that,

1.Any issue of Preference Stock made in excess of par value is accounted in the Preference Share Premium Reserve.

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3 years ago