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2 years ago

Transactions for Jayne Company for the month of June are presented below.

Business

1 answer:

Lerok [7]2 years ago

5 0

Answer:

June 1 , common stocks are issued

Dr Cash 5,000

Cr Common stock 5,000

June 2 , equipment purchased on account

Dr Equipment 1,100

Cr Accounts payable 1,100

June 3 , monthly rent paid

Dr Rent expense 740

Cr Cash 740

June 12, service revenue

Dr Accounts receivable 700

Cr Service revenue 700

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Bell’s Shop can make 1000 units of a necessary component with the following costs: Direct Materials $24000 Direct Labor 6000 Var

Korolek [52]

Answer:

8,000= fixed overhead

Explanation:

Giving the following information:

Bell’s Shop can make 1000 units of a necessary component with the following costs:

Direct Materials $24000

Direct Labor 6000

Variable Overhead 3000

Fixed Overhead ?

The company can purchase the 1000 units externally for $39000. The unavoidable fixed costs are $2000 if the units are purchased externally.

Buy= 41,000/1,000= $41

Total Unitary cost= 24,000 + 6,000 + 3,000 + fixed overhead

41,000= 33,000 + fixed overhead

8,000= fixed overhead

3 0

2 years ago

A new accounting firm is created with a mechanistic and centralized structure. Personnel from which of the following countries w

Lunna [17]

Canada will be least comfortable with this type of a structure.

Explanation:

An organizational system which is based on a hierarchical, structured network, is also called a bureaucratic structure. The layout of the system is best suited for companies operating in a safe and unique climate. Generally, a mechanistic system is easy to manage. When a business operates in a stable environment, it never needs to be changed.

Authority represents a well-defined hierarchy of mechanistic organisations, with top managers taking the majority of decisions. Since the world is relatively stable, there is no need for complicated decision-making procedures spanning many parties. Subordinates should obey and not challenge their reasoning in the course of management. Unlike actions, contact often flows via or from the top down hierarchical paths.

8 0

2 years ago

Step Up Ladders Company provides the following financial information: Income from operations $400,000 Interest expense 47,000

gayaneshka [121]

Answer:

13.33%

Explanation:

Income from operations $400,000

Interest expense 47,000

Gains/(losses) on sale of equipment 3,000

Net income 350,000

Total assets at Jan. 1 2,600,000 Total assets at Dec .31 3,400,000

the formula used to calculate return on investment (ROI) is:

ROI = income from operations / average total assets

ROI = $400,000 / {($2,600,000 + $3,400,000) / 2} = $400,000 / $3,000,000 = 0.1333 or 13.33%

Return on investment measures the profitability of an investment during a period of time.

4 0

2 years ago

2. Trying to help your business and others with similar goals by trading information, including contacts and referrals, is calle

g100num [7]

I would think it was c

8 0

2 years ago

If a city is considering building a new city office complex, it may appoint a(n) to research possible locations for the offices

VLD [36.1K]

Answer: (D) Advisory committee

Explanation:

The advisory committee is the type of committee in which the different suggestion, skills are the knowledge are carried out by the individual opinions in an organization.

According to the question, by using the advisory committee we present the problem of the city people to the manager of city so that they listen to our problem and suggest some effective way. The advisory committee basically providing the FDA that suggest or share some special knowledge and advice with the people.

Therefore, Option (D) is correct.

8 0

2 years ago