Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $4,680
Credit card expenses A/c Dr $120 ($4,800 × 2.5%)
To Sales $4,800
(Being the deposit is recorded and the remaining balance is debited to the cash account)
We debited the cash and the credit card expenses account and credited the sales account so that proper entry would be recorded.
Answer:
superseding cause
Explanation:
According to my research on different liability law suits, I can say that based on the information provided within the question Iris will not be liable for this second set of injuries because the plane crash was a superseding cause. This refers to an accident that happens after another (initial accident) has already occurred in which an injury has happened. In this type of situation the person who caused the initial accident is not responsible for the second accident or injuries caused by it.
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Answer:
The answer is 9,360 direct labor-hours.
Explanation:
The first step is to calculate the direct labor-hours per unit. The second step is to calculate the total direct labor-hours required to produce the additional systems.
Step 1
Direct labor-hours per unit = Direct labor / Average wage rate per hour
Star100: Direct labor-hours per unit = 40 / $25 = 1.6
Star150: Direct labor-hours per unit = 50 / $25 = 2
Step 2
Total labor-hours required = Direct labor-hours per unit x Number of systems required
Star100: Total labor-hours required = 1.6 x 2,600 = 4,160
Star150: Total labor-hours required = 2 x 2,600 = 5,200
Combined direct labor-hours required = 4160 + 5,200 = 9,360
Answer:
debt-equity ratio results in the lowest possible weighted average cost of capital.
Explanation:
The debt equity ratio measures how well a business's equity can account for its debt.
Weighted average cost of capital is referred to as a business's cost of capital and is the rate a company is expected to pay to its shareholders.
When the debt equity ratio results in the lowest weighted average cost of capital, it indicates that the cost of finding for the company is low. This is the optimal and least expensive capital structure.
In a situation where production capacity is maxed out (200%
plant utilization) and the company is stocking out of the product, it is not advisable
in the short run to increase the promotional budget for the product in a bid to
increase awareness.
