Answer:
B. Advertising Expense 500 Prepaid Advertising 500
Explanation:
The journal entry is shown below:
1. Prepaid Advertising A/c Dr $2,000
To Cash A/c $2,000
(Being the prepaid advertising is paid)
2. Advertisement expense A/c Dr $500
To Prepaid Advertising A/c $500
(Being the adjusting entry is recorded)
Since for three-fourth is received, so one-fourth is still pending which would be
= $2,000 - $1,500 ($2,000 × 3 ÷ 4)
= $500
Answer:
the cost of the delivery truck is $40,698
Explanation:
The computation of the cost of the delivery truck is given below:
Negotiated purchase price $34,800
Installation of special shelving $2,880
Painting and lettering $930
Sales tax $2,088
Cost of the delivery truck $40,698
Hence, the cost of the delivery truck is $40,698
The same should be considered and relevant
Answer:
EPS will be higher than $2.38
Explanation:
The Earnings per share is the value available to stockholders of the company after the deduction of all the expense and taxes. Restructuring expense are one time expense and they are reported as other operating expenses in the Income Statement. The inclusion of restructuring and other one-time charges in the Income Statement results in lower Earnings before Tax and ultimately reduced net profit. If these cost are excluded the Earning will rise which will give rise to EPS of the company.
Answer:
$80
Explanation:
The computation of the material cost per unit is shown below:
= Direct materials placed into production ÷ number of units
= $4,000 ÷ 50 units
= $80
Simply we divide the direct material placed with the number of units so that the correct material cost per unit can come,
All other information which is given is not relevant. Hence, ignored it
Answer:
Explanation:
An interviewer is asking this type of question to Kaleb to see if Kaleb can analyze the situation and propose alternatives
This is done to analyze the reasoning and decision-making abilities of Kaleb which is very much important. It helps an interviewer to know whether an interviewee has any decision-making abilities or not. Thus, he asks thus type of question.
