Answer= The entry to record this transaction would include:
A debit to Organization Expenses for $5,000.
A credit to common stock for $4,000 and Paid in capital in excess of par-Common Stock of $1,000
Explanation:
Common stock = 400 x $10= $4000
Accounts Debit Credit
Organisation expense $5,000
Common stock $4,000
Paid in capital in excess of par value
of common stock $1,000
( $5000 - $4000)
Answer:
$325,000
Explanation:
Given that,
Total variable costs = $219,600
Total fixed costs = $126,750
Total revenues = $360,000
Required sales in dollars to break even:
= [Total fixed cost ÷ (Total revenues - Total variable costs)] × Total revenues
= [$126,750 ÷ ($360,000 - $219,600)] × $360,000
= ($126,750 ÷ $140,400) × $360,000
= 0.9028 × $360,000
= $325,000
All of them are the non-manufacturing business where process costing would most likely be used.
Explanation:
- All are non-manufacturing business which are as follows,
- An auto body shop.
- A furniture repair shop.
- A laboratory that tests water samples for lead A tailoring shop.
- A beauty shop.
- Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
- Non-manufacturing costs includes,
- selling expenses
- general expenses
- Selling Expenses
- It is also called as selling and distribution expenses.
- Non-manufacturing expenses have no impact on the production cost of the company due to their period costs.
Answer:
Effect on income= $32,400 increase
Explanation:
Giving the following information:
Difference in selling price= 81 - 57= $24
Number of units= 8,100
Increase in costs= $162,000
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= Increase in revenue - increase in costs
Effect on income= 24*8,100 - 162,000
Effect on income= $32,400 increase
Answer:
I guess that this depends on what you want to clean, but my choice is
E.g. if you are a mechanic and you need to clean auto parts (which are dirty and greasy), then a hot soap washer is very useful. A hot soap washer is basically a dishwasher that works with hot pressurized water. Generally, detergent is much less hazardous than solvents. This method applies to all the objects that can be moved into the sink in order to be washed.
If you want to clean things at home, the same applies. The least hazardous cleaning method is using hot water and detergent.
A pressurized water hose may be a solution to certain issues, e.g. clean bird poop on top of a car or a sidewalk. If you can mechanically clean something (use a broom or vacuum cleaner), then there is no reason why you would need a solvent. Using disposable wipes only increases the amount of waste that you generate.
