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daser333 [38]
1 year ago
11

The journal entry to issue $ 600 of direct materials and $ 40 of indirect materials to production involves​ debit(s) to the​ ___

_____.
A. WorkminusinminusProcess Inventory account for $ 600 and Finished Goods Inventory account for $ 40
B. Manufacturing Overhead account for $ 640
C. WorkminusinminusProcess Inventory account for $ 640
D. WorkminusinminusProcess Inventory account for $ 600 and Manufacturing Overhead account for$530
Business
1 answer:
Shkiper50 [21]1 year ago
4 0

Answer:

work in process             600 debit

manufacturing overhead 40 debit

         raw material inventory      640 credit

--to record the materials used into production and general production facilities--

Explanation:

There is 600 direct material which are allocated into work in process.

Then the 40 dollars of indirect materials will be assigned int othe actual overhead so the accounting can later adjust for oer or udnerappplied amounts at month-end

Both, makes the raw paterials inventory to decrease as there is less inventory available for future request. Thus it is credited.

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A firm has sales of $215,600, costs of $124,800, interest paid of $3,600, and depreciation of $11,400. the tax rate is 34 percen
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Cash Coverage ratio indicates if a firm has enough cash to pay of its interest expenses. The ideal ratio to be maintained by a firm is 1:1. This can be given by the following formula:

Cash Coverage Ratio=\frac{Earnings before Interest and Tax+Depreciation }{Interest Expense}

Cash Coverage Ratio=\frac{215600-124800+11400}{3600}

Cash Coverage Ratio=28.38

Assumption: Cost includes Depreciation, thus depreciation is added back, To find Cash Profits before Interest and Taxes.


6 0
2 years ago
A person works as a cashier in a major supermarket. She sells vegetables to
igomit [66]
I think the answer is D
6 0
1 year ago
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Tatum can borrow at 6.7 percent. The company currently has no debt, and the cost of equity is 12.9 percent. The current value of
Zanzabum

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

4 0
1 year ago
An investor buys a 5-year, 9% coupon bond for $975, holds it for 1 year, and then sells the bond for $985. What was the investor
Ann [662]

Answer:

hence investor's rate of return is 10.26%

Explanation:

Given data

time = 5 year

rate = 9%

coupon bond = $975

sell bond = $985

at time = 1 year

to find out

investor's rate of return

solution

we will find first here Coupon payment  that is

Coupon payment = 9% of 1000 that is  $90

so that we can say that coupon bond will be

975 = 90 / (1 + r ) + $985 / (1 + r )

solve here r we get r

rate r = 10.26 %

so

hence investor's rate of return is 10.26%

3 0
2 years ago
When Jacob Riley began working at his local bakery, he found out there was a union representing the bakery workers, but that man
Stells [14]

Answer:

The answer is National Labor Relations Act (Wagner Act)

Explanation:

The national labor Act of 1935 provides workers with the right to organize and  join labor union. The Act also provides workers with a framework for collective bargaining.  The Wagner Act prohibits the interference or coercion of workers to exercise their rights of organizing or joining labor unions alongside bargaining collectively for their working conditions or wages.

Moreover,  the Act prohibits the employer from the refusal to bargain with employees' representatives.

8 0
1 year ago
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