Question Completion:
During January, the company had the following transactions:
a) Purchased $20,000 worth of materials on account.
b) Recorded materials issued to production as follows:
Job Number Total Cost
201 $12,000
202 21,000
Indirect materials 3,200
$36,200
c) Recorded factory payroll costs from direct labor time tickets that revealed the following:
Job Number Hours Total Cost
201 100 $2,150
202 500 10,750
Factory supervisor's 5,000
$17,900
d) Applied overhead to production at a rate of $25 per direct labor hour for 600 actual direct labor hours.
e) Recorded the following actual manufacturing overhead costs:
Items Total Cost Description
Factory rent $3,100 Paid in cash
Depreciation 2,500 Factory equipment
Factory utilities 1,750 Incurred but not paid
Factory insurance 1,250 Prepaid policy
$8,600
f) Completed Job 201 and transferred it to Finished Goods Inventory.
g) Sold Job 200 for $31,000.
Job 202 was still in process at the end of January.
Requirement: Post all transactions to T-accounts, including offsetting accounts, like the Cash Account, etc.
Answer:
Reyes Manufacturing Company
T-accounts:
Raw materials
Account Titles Debit Credit
Accounts payable $20,000
Job 201 $12,000
Job 202 21,000
Indirect materials 3,200
Accounts payable
Account Titles Debit Credit
Raw materials $20,000
Job 201
Account Titles Debit Credit
Raw materials $12,000
Salaries expenses 2,150
Manufacturing overhead 2,500
Finished Goods $16,650
Job 202
Account Titles Debit Credit
Raw materials $21,000
Salaries expenses 10,750
Manufacturing overhead 12,500
Ending Balance $44,250
Finished Goods Inventory
Account Titles Debit Credit
Job 201 $16,650
Cost of Job 200 sold $
Cost of goods sold
Account Titles Debit Credit
Finished goods $
Sales Revenue
Account Titles Debit Credit
Cash $31,000
Cash Account
Account Titles Debit Credit
Sales revenue $31,000
Manufacturing overhead
Account Titles Debit Credit
Raw materials $3,200
Salaries expenses 5,000
Job 201 $2,500
Job 202 12,500
Salaries Expense
Account Titles Debit Credit
Job 201 $2,150
Job 202 10,150
Manufacturing overhead 5,000
Explanation:
All the accounts involved in Reyes Manufacturing Company's January transactions are posted to the general ledger in the form of T-accounts with debit and credit sides. The balances are not extracted.
A copyright protects a company that uses an original author's work without permission. (6 points)
True
False
Answer:
false
Explanation:
copyright protects the author's work when it is used without permission.
Answer:
es Falso
Explanation:
esperó que te sirva marcarme como mejor respuesta PORFA y gracias
Gillespie enterprises inc. Issued $26 million in new common stock.
b. Cal state university received $20,000,000 cash for 80,000 five-game-season football tickets. None of the games have been played.
c. Cal state played the first football game referred to in (b).
d. Hall construction company signed a contract with a customer for the construction of a new $500,000 warehouse. At the signing, hall received a check for $50,000 as a deposit to be applied against amounts earned during the first phase of construction. Answer from hall's standpoint.
e. A popular snowboarding magazine company received a total of $1,800 today from subscribers. The subscriptions begin in the next fiscal year. Answer from the magazine company's standpoint. F. T-mobile sold a $100 cell phone plan for service in september to a customer who charged the sale on his credit card. Answer from the standpoint of t-mobile.
Question Completion:
For each of the transactions, if revenue is to be recognized in September, indicate the amount. If revenue is not to be recognized in September, explain why.
Answer:
a. The issue of $26 million in new common stock by Gillespie Enterprises, Inc. is not a revenue transaction. It is an equity transaction. Revenue cannot be recognized, but it is a Cash Inflow from financing activity that should be recognized.
b. Since none of the games had been played, Cal State University should not recognize any revenue. Revenue can only be recognized when a game has been played and some of the tickets used for the played game.
c. $4,000,000 ($20,000,000/5) should be recognized as revenue since the first football game has been played. Recall that the tickets were for 80,000 five-game-season football games.
d. From Hall Construction Company's point of records, no revenue had been earned. The deposit of $50,000 received can only be recognized as revenue when the first phase of construction had been completed.
e. The snowboard Magazine Company cannot recognize any amount out of the $1,800 as the subscriptions received are for the next fiscal year.
f. $100 should be recognized as revenue by T-mobile since the service is for September.
Explanation:
The Revenue from Contracts with Customers (IFRS 15 and ASC 606) standard indicates that revenue can only be recognized when the contract's performance obligation has been fulfilled.
Part A
In the video, what tax cut is President Obama extending?
Answer: He is announcing an extension of a cut in payroll taxes.
Explanation: edmentum/ plato
Draw a correctly labeled graph of a housing market in equilibrium. On your graph, illustrate an effective legal limit (ceiling) on rent. Identify the quantity of housing demanded, the quantity of housing supplied, and the size of the resulting surplus or shortage.
Answer:
In the first picture I uploaded, I show the housing market equilibrium without any effective legal ceilings on rent. In this equilibrium, the quantity demanded and the quantity supply reach an equilibrum of 70, at a price of $1,100 per rent.
In the second picture I uploaded, we can see the price ceiling in red. The price ceiling does not allow the rent to reach equilibrium, which causes a demand of eighty houses, but a supply of sixty houses, leading to a housing shortage of 20 houses.
A market ____ analyst studies prevailing market trends and forecasts potential sales for a product.?
Explanation:
A market ____ analyst studies prevailing market trends and forecasts potential sales for a product.?
According to leading entrepeneur, Guy Kawasaki, the best reason to start a new business is to ______.
be your own boss
make a large profit
make the world a better place
achieve success
Answer:
make the world a better place
Explanation:
Answer:
C. Make the world a better place
Explanation:
"The best reason to start an organization is to make meaning - to create a product or service to make the world a better place."
—Guy Kawasaki, entrepreneur, investor, author
name every my hero acadamia character
Answer:
Izuku Midorya (All for one quirk, main protagonist)
Ochaco Uraraka (Zero-Gravity)
Iida Tenya (Engine)
Katsuki Bakugo (Explosion)
Tsuyu Asui (Frog)
Shouto Todoroki (Half-cold, half-hot).
The main teachers would probably be Shouta Aizawa (aka Eraserhead; their homeroom teacher) and All Might, the No. 1 hero and Izuku’s mentor.
The rest of Class 1A includes: Momo Yaoyorozu (Creation), Yuga Aoyama (Naval Lazer), Mina Asahido (Acid), Eijiro Kirishima (Hardening), Mezo Shoji (Dupli-Arms), Toru Hagakure (Invisibility), Koji Koda (Ani-voice), Denki Kaminari (Electrification), Hanta Sero (Tape), Rikido Sato (Sugar Rush), Masahirao Ojiro (Tail), Kyouka Jiro (Earphone Jack), Fumikage Tokoyami (Dark Shadow, and finally, Minoru Mineta (Pop-Off)
Explanation:
Answer: cant name all of them buti ill try
Explanation: izuku midoriya
shoto todoroki
katsuki bakugo
Eijiro Kirishima
Momo Yaoyorozu.
Tenya Ida.
Shoto Todoroki.
Tsuyu Asui.
Kyoka Jiro.
Mashirao Ojiro
The Boston Hotel High-end linens 600-thread-count sheets Coffeemaker and selected teas Imported beer Fresh-squeezed juices Affordability Food and drink Double-thick bath towels Silk pillowcases Raw silk curtains with gold embellishments $100/night four-star rooms Free snacks, shampoo, and conditioner Free wireless Internet
____ are specialized accountants who look for evidence of improper accounting methods.
A. Public accountants
B. Government accountants
C. Fraudulent accountants
D. Forensic accountants
Answer:
i think that the answer is C
Explanation:
Answer:
Forensic accountants
Explanation:
just trust me on this man
This software application can be used to organize, analyze, and illustrate data.
Answer:
its Excel :)
Explanation:
I learned abt it
Answer:
person above me
Explanation:
What is a stock symbol?
Answer:
A stock symbol is an arrangement of characters—usually letters—representing publicly-traded securities on an exchange. When a company issues securities to the public marketplace, it selects an available symbol for its shares, often related to the company name.
Explanation:
Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office. a. Elementary school teacher b. Administrative support worker c. Instructional designer d. High school principal
Answer:
a. Elementary school teacher
Explanation:
An elementary school teacher refers to an individual who is an educational professional and is typically saddled with the responsibility of developing and implementing lesson plans for students in the classroom.
Basically, an elementary school teacher educate students on vital subjects such as mathematics, english language, verbal studies, quantitative reasoning etc. which forms the foundation of a student's future career, observe, analyze and evaluate the performance of each pupil, coordinate all classroom activities, enforce school and classroom rules etc. All of the aforementioned responsibilities are executed or achieved by walking around the classroom to effectively and efficiently monitor and evaluate the pupils.
In this scenario, Allesandra would like to work in a school environment, and she knows that she would prefer a career in which she spends lots of work time walking around rather than sitting in an office.
Hence, the education career which would be the best option for Allesandra, is to work as an Elementary school teacher.
Answer:
a
Explanation:
my school teacher
QUESTION
Bill was discharged from his job. He believes he was wrongfully discharged and is
entitled to compensation for being wrongly let go. Bill's employment contract states
that rather than suing for damages, he and his employer must use an alternate method .
to settle their differences-one in which a third party hears both sides and makes a
binding decision.
Given this scenario, which of the following best describes the alternate method
specified in Bill's employment contract?
Answer:
Employment dispute resolution.
Explanation:
Based on the given scenario of Bob being fired wrongfully from his job and is entitled to compensation and his contract expressly days that instead of suing for damages, he must involve a third party who would listen to both sides and make a binding decision.
The best description of the alternate method is Employment dispute resolution.
Nora has heard that opening a lot of credit card accounts is a good way to build credit. She currently has five cards, but is sometimes forgetful in paying her bills on time and usually has a balance on each card. Her favourite store is offering a $50 coupon on her next purchase, with the promise of more coupons in the future, if she opens a credit card. She decides to open the store credit card to get the discounts.
How would Nora use the decision making steps in this scenario?
Is this a good or bad debt move? Why?
Assume that at one point a business sells organizers for a price of $20 each, which cost $10 to produce (variable costs). The business's fixed expenses for the period are $4,000. What is the break-even point?
300 units
200 units
100 units
400 units
Answer:
400 units
Explanation:
From the contribution margin concept, the break-even point is obtained by dividing the fixed costs by the contribution margin per unit.
For this business, fixed costs are $4,000
Contribution margin per unit is equal to sales price - variable cost per unit
=$20 - $10
= $10
Break-even point = $4000/$10
=400 units
please help me with this match the column if i get perfect answer then i will give brainliest
Answer:
what do you need help on
Explanation:
In a society with a market economy, property rights are generally enforced by
A. the banks
B. the courts
C. the producers
D. the consumers
Answer:
ccccccccccccccccccccccc
Explanation:
One month ago, Kyle made a goal to save $800 for a new video camera. The deadline is in seven months. He now has $110 saved. Evaluate his progress toward reaching his goal. Is Kyle on track to reach his goal? Yes or no?
Answer:
No, he will not reach his goal if he saves $110 per month.
Explanation:
Answer:
yes
Explanation:
Farmer Owens has an apple orchard that must be pollinated by bees in order to bear fruit. Farmer Owens's neighbor, Maude, owns beehives with bees that can pollinate the apple trees. Suppose the benefit of the bees to Farmer Owens is $5,000 per year. Suppose the bees provide no benefit to Maude but she must pay $3,000 per year to maintain the hives. If Farmer Owens and Maude engage in Coasebargaining, what would likely result?
A. Farmer Owens would pay Maude between $3,000 and $5,000 to maintain the hives.
B. Maude would pay Farmer Owens between $3,000 and $5,000 to maintain the hives.
C. Farmer Owens would pay Maude between $0 and $5,000 to maintain the hives.
D. Farmer Owens would pay Maude at least $5,000 to maintain the hives.
E. Farmer Owens would not be willing to pay Maude an amount such that she would maintain the hives.
Answer:
E. Farmer Owens would not be willing to pay Maude an amount such that she would maintain the hives.
Explanation:
Remember, coerce bargaining implies that one party to a bargain uses their ability or privilege or advantage to force or pressure the other party to accept the bargain.
Hence, Farmer Owens, who seems to have a better advantage over Maude would likely coerce her into accepting his offer by not been willing to pay Maude an amount such that she would maintain the hives.
What is not a good approach to a question about your weaknesses? You should avoid using the word "weakness," but answer honestly. You should exaggerate a little in your answer to impress the interviewer. You should show how you've been working to improve in the area you mention. You should avoid trying to make it a positive: "I tend to work too much."
B . You should exaggerate a little in your answer to impress the interviewer.
Explanation:
im smart <3
Answer:
its b
Explanation:
i took the test and got 100%
List the six shifters (NPDs) of demand
Answer:
Changes in income
Changes in the number of consumers
Changes in consumer tastes and preferences
Changes in consumer expectations
Changes in the price of substitute goods
Changes in the price of complementary goods
Explanation:
What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio
HELP ME PLEASE !!!
which of the following is a benefit that computer technology has provided to the realm of financial administration?
a. financial records can be searched more easily
b. less data availability
c. less security of financial records
d. slower data entry
Answer:
a. financial records can be searched more easily
Explanation:
Computer technology has aided in the automation and integration of an organization's financial records in a single system. A business's financial data relating to several financial years are accessible from a single computer. Computer technology has made it easy to collect, analyze, report, and interpret financial records.
Through computer technology, financial records are organized and stored in a manner that is easy to retrieve. It takes very little time to access the required financial information as long as it was labeled correctly and stored.
Answer:
1 selling stock before telling about the downfall one
2 A or financial records can be searched more easily
3 crowdfunding
4 forecast
A type of investment that gives a person a share of ownership in a company
is a
A. savings account
O B. bond
O c. stock
O D. hedge fund
A type of investment that gives a person a share of ownership in a company is a stock. Thus, option (c) is correct.
What is a stock?A stock is a type of investment that gives a person a share of ownership in a company. When a person buys a stock, they become a partial owner of the company and are entitled to a portion of the company's profits.
Stocks are traded on the stock market, and their prices can fluctuate depending on a variety of factors, such as the company's performance, investor sentiment, and overall market conditions. Stocks are important because they provide investors with the potential to earn returns on their investments, and they provide companies with capital to fund their operations and growth.
Therefore, it can be concluded that a type of investment that gives a person a share of ownership in a company is a stock. Hence, option (c) is correct.
Learn more about stock, here:
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2. Marketing, put simply, attempts to do which of the following?
A. Get people to buy things they do not need
B. Make people love spending money
C. Hide any flaw a product or service has
D. Satisfy people’s needs
Answer:
D. Satisfy people's needs
Hope it helps
The Howell Company has prepared a sales budget of 40 comma 000 finished units for a 3-month period. The company has an inventory of 11 comma 000 units of finished goods on hand at December 31 and has a target finished goods inventory of 13 comma 000 units at the end of the succeeding quarter. It takes 3 gallons of direct materials to make one unit of finished product. The company has inventory of 61 comma 000 gallons of direct materials at December 31 and has a target ending inventory of 58 comma 000 gallons at the end of the succeeding quarter. How many gallons of direct materials should Howell Company purchase during the 3 months ending March 31?
Answer:
Purchases= 123,000 gallons
Explanation:
Giving the following information:
Sales:
40,000 finished units for 3 months.
Finished goods inventory:
Beginning inventory= 11,000 units
Desired ending inventory= 13,000 units
It takes 3 gallons of direct materials to make one unit of finished product.
Direct material inventory:
Beginning inventory= 61,000 gallons
Desired ending invenyory= 58,000 gallons
First, we need to calculate the production for the period:
Production= sales + desired ending inventory - beginning inventory
Production= 40,000 + 13,000 - 11,000
Production= 42,000 units
Now, we can calculate the purchases:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 42,000*3 + 58,000 - 61,000
Purchases= 123,000 gallons
Which is NOT a career cluster?
A.
Agriculture, food and natural resources
B.
Human services
C.
Health sciences
D.
Business, management, and administration
Answer:
All are career clusters
Explanation:
1. Agriculture, food, and natural resources
The agriculture, food, and natural resources cluster encompass everything associated with the production of agricultural products. Careers' titles in the cluster include farmers, veterinary officers, and scientists.
2. Human services
This cluster includes cosmetologist psychologists, social workers, hairdressers, and other professionals related to human beauty and mental wellness sub-sectors.
3. Health sciences
Professionals in the Health Sciences cluster work in hospitals, chemists, clinics, and patients' homes. They include nurses, doctors, clinicians, pharmacists, paramedics, and healthcare operators.
4. Business, management, and administration
The cluster consists of careers in business-related fields. They include marketers, finance and business analysts, accountants, managers, and HR experts. It also features many junior entry-level positions, like clerks, typists, secretaries, and front office workers.
Answer:
None, they are all career clusters
Explanation:
I hope this helped buddy.
The population hypothesis regarding ethical management models is A. the three models approximate a normal, bell-shaped curve. B. that the moral management model is the largest segment of the normal curve. C. that the immoral management model is the largest segment of the normal curve. D. the three models exhibit a skewed curve, weighted toward either moral or immoral management models, depending on the society being studied.
Answer:
A
Explanation:
plz tell me the books that I need to study for bcom 1st year (my major subject is accounts)
Answer:
And financial expression
Question 9 of 10
Which of the following is a general example of a business?
A. Jordan uses a computer to research the Civil War for his history
project.
B. Frank prepares dinner for his family on weeknights.
C. Wanda tries to make a profit by selling homemade jam at the
farmer's market.
D. Laurel volunteers to babysit her niece on Saturday.
SUBMIT
The best example of a business is that Wanda tries to make a profit by selling homemade jam at the farmer's market.
What do you mean by Business?An entity is defined as an organization or entity that performs commercial, industrial, or professional activities. Businesses can be for-profit organizations or non-profit organizations.
Business types range from limited liability companies to sole ownership, companies, and partnerships.
Thus, Option C is the correct answer that Wanda tries to make a profit by selling homemade jam at the farmer's market.
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