Answer: Option (B)
Explanation:
Here, in this case we can state that <em>job evaluation </em>is being exemplified. The Triano Brothers are using job evaluation, so as to have a systematic approach in order to determine value of a job in regards to the several jobs in their organization. The organization attempts to have a orderly comparison in between different jobs as to assess the relative value.
Answer:
true
Explanation:
Explanation: because it is.
<u>Assuming that a credit for merchandise returned of $1,000 is granted prior to payment and the invoice is paid within the discount period, the amount of cash that should be received by the seller is (a) $10399</u>
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Explanation:
In the first step we will deduct the credit for merchandised return from the merchandise price
=($11,100-1$000)=$10,100
-------(a)
Then we multiply the result by terms (i.e 1/10=.01)
=($10,100*.01)=$101----------(b)
<u>Then we subtract the result of equation a with equation b</u>
($10,100-$101)=$9,999
Then we add the prepaid freight charges to the result obtained
($9,999+$400)=$10399
<u>Answer: </u>$10399
Answer:
b. false
Explanation:
The journal entry is shown below:
Cash A/c Dr $1,350 (450 shares × $3)
Paid in capital - Treasury stock $2,000
Retained Earnings A/c Dr $1,150
To Treasury Stock A/c $4,500 (450 shares × $10)
(Being treasury stock is sold at lower price and the remaining amount would be debited to the retained earning account)
Hence, the given statement is false
Answer:
To Determine
Job order costing
Job order cost system provides a separate record of each particular quantity of product that passes through the factory. Each quantity that is manufactured in the business is known as job. Job order costing is used when the product produced are significantly different from each other.
To record: the journal entry to record all the summarized operations.
View image for journalized entry.
