Answer:
No entry required
However, the balance sheet must be adjusted to represent both, the 4,000,000 inventory and the 4,000,000 accounts payable
Explanation:
As the account involved:
Inventory and accounts payable are permanent account do not alter the net income for the year ended December 31th 2020.
Also as no cash is involve the cash statement is not affected too.
This delay on recording generate no problem for the accounting.
Answer:
Since it is the supreme Court that has given this decision, there is nothing much an individual congressman can do alone or even a president.
However, since anti trust laws do not cover those which are not trade or Commerce in nature, a congressman can propose to inact new laws that cover Sports related economic activities. Or they can pass a new law to include the sports related financials in the anti trust laws. But this could change the structure and the purpose of anti trust laws.
Explanation:
Answer:
The Darwin Company
Calculation of Manufacturing Overhead costs:
= $17,200
Explanation:
a) Data and Calculations:
Depreciation on factory equipment $4,700
Indirect labor 5,900
Factory rent 4,200
Factory utilities 1,200
Indirect materials used 1,200
Total Manufacturing overhead costs = $17,200
b) Darwin's manufacturing overhead costs will include only the above listed costs. Sales commissions, direct materials, direct labor, and office salaries expense do not form part of the manufacturing overhead costs. The manufacturing overhead costs are neither direct materials or labor costs or selling and administration costs.
37.5%
Formula:
.15/.40=0.375
Convert decimal to %= .375*100 = 37.5%
We can find the number of ways by multiplying the amount
of possibility each store can have.
For store 1, it can be placed on 16 sites. Store 2 can be
placed on 15 sites (since store 1 is already on site 1). Store 3 can be placed
on 14 sites and so on until store 5 which has 12 sites.
Therefore the number of ways is:
C = 16 * 15 * 14 * 13 * 12
<span>C = 524,160 possibilities</span>
