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qaws [65]
2 years ago
3

Consider the following transactions for Mittel Corporation:

Business
1 answer:
Tju [1.3M]2 years ago
4 0

Explanation:

The preparation of the Cash T-account is presented below:

                                        Cash Account

Particulars               Amount           Particulars                   Amount

Beginning balance $4,000            Equipment                    $11,400

Common stock       $14,000          Salaries expense          $3,900

Service revenue     $6,500           Ending balance             $9,200

                                                        (Balancing figure)

Total                        $24,500          Total                             $24,500

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Karen made a commission of $3,522.75 on the sale of a property. she split her commission equally with her broker which is 50% to
Rudik [331]

Karen split her commission 50-50 with her broker. Therefore she is left with:

Karen’s commission = $3,522.75 * 0.5 = $1,761.375

Karen’s broker received 55% of the total commission. Therefore Karen must only be receiving 45% of the total commission. The total commission must be then:

Total commission = $1,761.375 / 0.45 = $3,914.17

On a rate of 7%, the sale price of the property must be:

Sale price = $3,914.17 / 0.07

<span>Sale price = $55,917</span>

6 0
2 years ago
If a company provides an online service that delivers physical products and services but does not exist as a brick-and-mortar st
grin007 [14]

Answer: a. an e-brand brand

Explanation:

An e-brand is one that provides just an online service for merchandise sales. These companies do not have physical locations but rather show you all that they sell on their websites and then when you purchase something, they deliver it as a physical good. The most popular example of such is Amazon.

The advantage of such brands is that they get to save on the rental and other property costs related to establishing brick-and-mortar stores because they are online.

3 0
2 years ago
As a new manager, Candace has had to learn a lot, and sometimes her job is more stressful than she expected. As a manager, she n
ExtremeBDS [4]

Answer: disturbance handler; decisional; more through others.

Explanation:

As a new manager, Candace has had to learn a lot, and sometimes her job is more stressful than she expected. As a manager, she needs to fulfill many roles. Candace schedules employees for shifts at the front desk, in the dog play areas, and in the bathing and grooming rooms.

This is part of the disturbance handler role of management, which falls under the decisional component. To adapt to being a manager, Candace has had to get things done by working more through others.

4 0
2 years ago
Manufacturing overhead was estimated to be $591,600 for the year along with 20,400 direct labor hours. Actual manufacturing over
Volgvan

Answer:

Predetermined manufacturing overhead rate = $29

Explanation:

Given:

Estimated manufacturing overhead = $591,600

Estimated direct labor hours = 20,400

Actual manufacturing overhead = $551,820

Actual direct labor hours = 21,800

Computation of predetermined manufacturing overhead rate:

Predetermined manufacturing overhead rate = Estimated manufacturing overhead / Estimated direct labor hours

Predetermined manufacturing overhead rate = $591,600 / 20,400

Predetermined manufacturing overhead rate = $29

Note: Actual manufacturing overhead and labor hours do not include in the computation of predetermined manufacturing overhead rate.

5 0
2 years ago
Millburn Corporation has acquired a property that included both land and a building for​ $510,000. The corporation hired an appr
Free_Kalibri [48]

Answer: $2,14,200

Explanation:

The total market value of the land and building = 3,20,000 + 4,40,000

                                                                               =$7,60,000

Now, we have calculated the percentage of land involved in the total market value are as follows:

= \frac{320000}{760000} × 100

= 42%

Now,

the value of land = 42% of $5,10,000

= $2,14,200

This is the amount that corporation should record the cost of land.

3 0
2 years ago
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