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2 years ago

The following items were selected from among the transactions completed by O’Donnel Co. during the current year:

Business

1 answer:

FrozenT [24]2 years ago

6 0

Answer:

Explanation:

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year.

The solution to the above has been attached.

b. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year (refer to the Chart of Accounts for exact wording of account titles):

The solution to the question has been attached.

It should be noted that:

March 11: Interest Expense was calculated as:

= ($240,000 × 30/360 × 4%)

= $240,000 × 0.0833 × 0.04

= 800

Check the attached file

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Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $400. The fund wa

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Answer:

A credit to Cash of $299

Explanation:

Journal Entry Debit Credit

Merchandise inventory $62

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Office supplies $30

Miscellaneous expenses $51

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Cash to be reimbursed = Minimum cash balance required - Cash balance left

Cash to be reimbursed = $500 - $201

Cash to be reimbursed = $299

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2 years ago

Emily earns $786 per month plus a 3 1/4 % commission on sales. What were her total earnings last month when she has sales of $14

Brilliant_brown [7]

add the money together and then divide it by the fraction or percent

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1 year ago

Read 2 more answers

In Ritzer chapter 2, he points out that Weber viewed ______ as the most efficient structure for dealing with large numbers of fo

Mars2501 [29]

Answer:A. Bereaucracy

Explanation: Max Weber is a German Sociologists known for his work on the BEREAUCRACY THEORY, where he states that Bereaucracy is the most effective and efficient way of handling large tasks in Organisations to eliminate Favouritism and ensure that Government tasks are systematically conducted.

Ritzer is an American Sociologist who pointed that Max Weber view Bereaucracy as the most efficient structure for dealing with large numbers of formalized tasks and paperwork.

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2 years ago

Mark has $100,000 to invest. His financial consultant advises him to diversify his investment in three types of bonds: short-ter

Airida [17]

Answer:

Mark should invest:

$30,000 in short term bonds
$30,000 in intermediate term bonds
$40,000 in long term bonds

Explanation:

S = short term bonds

I = intermediate term bonds

L = long term bonds

S + I + L = 100,000

0.04S + 0.06I + 0.07L = 0.058 x 100,000 = 5,800

S = I

2S + L = 100,000

L = 100,000 - 2S (now we replace both I and L)

0.04S + 0.06s + 0.07(100,000 - 2S) = 5,800

0.1S + 7,000 - 0.14S = 5,800

7,000 - 5,800 = 0.14S - 0.1S

1,200 = 0.04S

S = 1,200 / 0.04 = 30,000

I = 30,000

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1 year ago

Muir Manufacturing produces two popular grades of commercial carpeting among its many other products. In the coming production p

Rufina [12.5K]

Answer:

With 16 Grade X and 54 Grade Y the company maximize their profit at 11,840 dollars

Explanation:

We set up the scenario in Excel and use SOLVER tool:

X = 50 synthetic + 25 labor + 20 foam

Y = 40 synthetic + 28 labor + 15 foam

Profit:

X = 200

Y = 160

Constraing:

synthetics <= 3,000

foam <= 1,500

Grade X and Grade Y are integer.

goal: maximize profit

16 of Grade X

and 54 of grade Y

16 x 50 = 800

16 x 30 = 540

54 x 40 = 2,160

54 x 15 = 810

Profit:

16 x 200 + 54 x 160 = 11840

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1 year ago