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AnnyKZ [126]
1 year ago
11

Sally Smith decided to start a sea shell business organized as a corporation. Her initial investment in the business consisted o

f $10,000 in cash in exchange for common stock. Record this transaction in the accounting equation of the new business by___________.
Business
1 answer:
saw5 [17]1 year ago
7 0

Answer:

Dr Cash Account and Cr Capital Account

Explanation:

Initial investment  of $10,000 is the capital injected by the owner of the business. This inflow will be credited as an equity capital of the company while the cash balance will be debited as it represent a cash inflow to the business.

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Standlar Company makes and sells wireless speakers. The price of the standard model is $360 and its variable expenses are $210.
Vladimir79 [104]

Total contribution margin = $3,000, standard models sold at break even=800, deluxe models sold at break even=400, superior models sold at break even=100

<u>Explanation:</u>

1.Using sales mix stated in the fact from Figure to form a package what is the total contribution margin?

total contribution margin  =($150 multiply 8) plus ($200 multiply 4) plus ($1,000 multiply 1)  = $3,000

2.Refer to Figure, What is the number of standard models sold at break even.

break even units  =Fixed cost divide contribution margin per package

= $300,000 divide $3000  =100 package  standard models sold at break even=100 package multiply 8 = 800

2.Refer to Figure, What is the number of deluxe models sold at break even.

break even units

=Fixed cost divide contribution margin per package  = $300,000 divide $3000

=100 package  deluxe models sold at break even = 100 package multiply 4

6 0
1 year ago
Chrzan, Inc., manufactures and sells two products: Product E0 and Product N0. Data concerning the expected production of each pr
Molodets [167]

Answer:

Order size= $57.61 per machine hour

Explanation:

Giving the following information:

Order size:

Estimated total overhead= $581,866

Estimated total machine hours= 10,100

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Order size= 581,866 / 10,100

Order size= $57.61 per machine hour

8 0
1 year ago
At the end of the day, the cash register tape shows $1,000 in cash sales but the count of cash in the register is $1,035. The pr
creativ13 [48]

Answer:

correct answer is C. Credit to Cash Over and Short for $35

Explanation:

given data

cash sales = $1,000

cash in register = $1,035

solution

we actual cash per the count is  $1,035

Cash account will be debited by the same

and Sale account will be credit to extent

and difference in count of cash and the cash register tape as

difference in count of cash = $1035 - $1000

difference in count of cash = $35

so correct answer is C. Credit to Cash Over and Short for $35

3 0
1 year ago
A manager who encourages risk taking and creativity would most likely be in a(n) _______ organizational culture.
Vinil7 [7]

Answer:

Adhocracy Culture

Explanation:

An adhocracy culture is based on energy and creativity. Employees are encouraged to take risks, and leaders are seen as innovators or entrepreneurs. The organization is held together by experimentation, with an emphasis on individual ingenuity and freedom. The core values are based on change and agility.

5 0
1 year ago
_____ is the control of behavior by manipulating its consequences
melomori [17]
It is operant conditioning.
4 0
1 year ago
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