The principle of monetary neutrality implies that an increase in the money supply will:.

MC Qu. 116 CWN Company uses a job order costing... CWN Company uses a job order costing system and last period incurred $90,000

ANTONII [103]

Answer:

65%

Explanation:

Calculation to determine its predetermined overhead rate for the next period should be:

Using this formula

OH rate = Estimated overhead next period/direct labor

Let plug in the formula

OH rate = $65,000/$100,000

OH rate = 65%

Therefore If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 65%

4 0

3 years ago

When using the indirect method to determine cash flows from operating activities, an increase in prepaid expenses should be repo

AysviL [449]

Answer:

it is an adjustment to net income.

Since the prepaid expenses increased during the year, the amount by which it increased should be deducted from operating cash flows

Explanation:

other adjustments to net income:

depreciation expense

changes in accounts receivable

changes in inventory level

changes in accounts payable

changes in other current liabilities, e.g. taxes payable

6 0

3 years ago

Which spreadsheet type will determine how well a business has done over the past year?

Scilla [17]

A profit and loss statement<span> will determine how well a business has done over the past year.The profit and loss statement is a financial statement which shows revenue, costs and all expenses that happened during a said period of time. Most companies do this quarterly or yearly. </span>

8 0

3 years ago

Read 2 more answers

On May 1, 2017, Pronghorn Company issued 2,500 $1,000 bonds at 102. Each bond was issued with one detachable stock warrant. Shor

dybincka [34]

Answer:

a. Prepare the entry to record the issuance of the bonds and warrants

May 1, 2017, bonds issuance

Dr Cash 2,550,000

Dr Discount on bonds payable 25,000

Cr Bonds payable 2,500,000

Cr Additional paid in capital - stock warrants 75,000

b. Assume the same facts as part (a), except that the warrants had a fair value of $30. Prepare the entry to record the issuance of the bonds and warrants.

May 1, 2017, bonds issuance

Dr Cash 2,550,000

Cr Bonds payable 2,500,000

Cr Premium on bonds payable 20,000

Cr Additional paid in capital - stock warrants 30,000

Detachable warrants must be recorded separately than the bonds. They must be recorded as APIC stock warrants.

4 0

4 years ago

Some companies require employees to only use their company cell phones for work related activities. Companies can check phone re

11Alexandr11 [23.1K]

Answer:

The correct answer is letter "D": honesty.

Explanation:

By relying on employees' honesty, companies who provide workers certain benefits such as corporate mobile phones or credit cards believe employees will make correct use of those resources. Some entities prefer to implement tracking systems that allow them to check for what purposes those resources were utilized not only to verify their proper use but to evaluate what kind of employee they are dealing with.

4 0

3 years ago