Answer:
(a) update depreciation to July 31, 2022
Debit : Depreciation expense $5,250
Credit : Accumulated depreciation $5,250
(b) record the sale of the equipment.
Debit : Accumulated depreciation $47,550
Debit : Cash $17,400
Debit : Profit and Loss $7,450
Credit : Cost $72,400
Explanation:
Accumulated Depreciation is the total depreciation charged on the asset during its tie in use in the business Accumulated depreciation is $47,550 ($42,300 + $5,250 ).
The Sale has resulted in a loss of $7,450 ($72,400 - $17400 - $47,550)
Answer:
The correct answer is A
Explanation:
Designer worksheet is the one such document which states the work or the potential in the designer or the person. It is that document which contains or comprise of the portfolio of the designer, having or shown the previous work which is done by the designer or the person in his or her last company and the few or some of the sample designs which provide an idea to other person regarding the potential or taste of the designer.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Barrington Bears has developed the following sales forecasts for January 500 units.
BB has 80 bears on hand on Dec. 31. The normal ending inventory policy is to hold 20% of next month’s sales.
Direct labor is paid $18 per hour. Each bear takes 40 minutes to hand-finish. Variable overheads total $21 per direct labor hour. Fixed overheads amount to $25,000 per month.
First, we need to calculate the production for January.
Sales= 500 units
Ending inventory= (600*0.2)= 120 units
Beginning inventory= 80 (-)
Total= 540 units
Conversion costs= direct labor + manufacturing overhead
Direct labor= [(40/60)*540]*$18= $6,480
Variable overhead= 21*360 hours= $7,560
Fixed overhead= $25,000
Total conversion costs= $39,040
Answer:
Adjusting & Accrued Wages Adjusted Payment:
To record the outstanding payment of wages for 1 day following journal entry has been passed. The salaries cost account has been charged by an amount of (9 workers × $145) $1,305 and the account of wages payable has been credited with the same amount to adjust the journal entry as shown below:
Date: 31 Dec
Debt: Wage expense = $1,305
Credit: Wage Payable = $1,305
Accrued Wages of one day is recorded.
Answer:
c. Horizontal
Explanation:
Communication is the transfer of information and knowledge from one person, entity or group to another involving a sender, a message and a recipient. Communication can take the form of verbal, non-verbal and written and it can be over many modes such as face-to-face, telephone call, fax or email.
In a business organization, communication can occur between different departments and employees at different levels of the organizational chart. This can derive the four types of communication in the question.
A. Downward communication occurs when a top level manager communicates with someone lower down the chart but in the same department. For example, the finance manager may explain to their accountants regarding changes in tax policies.
B. Diagonal communication is when two people on different levels and from different departments communicate. For example, the HR manager may talk to a marketing employee regarding sexual harassment in the workplace.
C. Horizontal communication is the case where two employees on the same level of the organizational chart communicate but are from different departments. As in this case, where the HR manager and digital technology manager are both managers but from different departments.
D. Upward communication occurs when a low-level employee communicates with a superior who is existing in the same department. For example, production workers may consult their supervisor about certain bottlenecks in production.
