Population momentum is primarily dependent on the number of individuals in that population who are:

Entries for Factory Costs and Jobs Completed Collegiate Publishing Inc. began printing operations on March 1. Jobs 301 and 302 w

Naddik [55]

Event Account Debit Credit

a Work in process $ 55,500

Manufacturing plant Overhead $ 4,500

Materials $ 60,000

(To record material utilized)

b Work in process $ 106,800

Manufacturing plant Overhead $ 8,200

Wages Payable $ 115,000

(To record work utilized)

c Work in process ($106,800*25%) $ 26,700

Manufacturing plant Overhead $ 26,700

(To record overhead applied) $7,750/$31,000=25%

d Finished Goods $ 122,750

Work in process $ 122,750

(To record products finished) ($51,250+$71,500)

7 0

2 years ago

Presented below is information related to equipment owned by Novak Company at December 31, 2020.

Rama09 [41]

Answer:

Debit : Impairment loss $1,250,000

Credit : Accumulated impairment loss $1,250,000

Explanation:

Impairment of an asset happens when, the Carrying Amount of an Asset is greater than the Net Realizable Value of an asset.

Carrying Amount is Cost of asset less Accumulated depreciation. Carrying Amount for the equipment is $10,000,000 ($11,250,000 - $1,250,000).

The Net Realizable Value of an asset is the higher of Fair Value of Asset and Future Value. For the equipment the Net Realizable Value is $8,750,000

Then, since Carrying Amount ($10,000,000) > Net Realizable Value ($8,750,000), the equipment is impaired.

Impairment loss will be $1,250,000 ($10,000,000 - $8,750,000).

The journal entry to record the impairment loss would be :

Debit : Impairment loss $1,250,000

Credit : Accumulated impairment loss $1,250,000

4 0

2 years ago

Federal antitrust statutes are complex, but the basic goal is straightforward: to prevent a major industry from being so dominat

kicyunya [14]

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:

6 0

1 year ago

Grefrath Corporation is developing direct labor standards. A particular product requires 0.71 direct labor-hours per unit. The a

Dimas [21]

Answer:

Direct labor hour per unit= 0.87 hours

Explanation:

Giving the following information:

A particular product requires 0.71 direct labor-hours per unit.

The allowance for breaks and personal needs is 0.04 direct labor-hours per unit. The allowance for cleanup, machine downtime, and rejects is 0.12 direct labor-hours per unit.

<u>The total direct labor hour per unit is the time required to produce one unit.</u>

Direct labor hour per unit= 0.71 + 0.04 + 0.12

Direct labor hour per unit= 0.87 hours

6 0

2 years ago

Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and

laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

4 0

2 years ago