Choose a well-known company that you know of, and answer the following questions about it:

The adjusted trial balance for Yondel Company at December 31, 2018 is presented below: Accounts Debit Credit Cash $ 8,000 Prepai

e-lub [12.9K]

Answer:

Explanation:

Cash =8000

Prepaid rent = 23,000

Land = 445000

Accounts payable = 12,000

Salaries payable = 20,000

Retained earnings = 109,000

Dividends = 14,000

Service revenue = 340,000

Salaries expenses = 160,0000

Rent expenses = 29,000

Utilities expenses = 32,000

Net income = Service revenue - Salaries-Rent-Utilities-

=340,000-160,000-29,000-32,000 = 119,000

Journal

1. Debit Service revenue - 340,000

Credit income summary - 340,000

2, Debit Income summary - 221,000

Credit Salaries expenses 160,000

Credit Rent expenses 29,000

Credit Utilities expenses 32,000

3 Debit Income summary 119,000

Credit retained earnings 119,000

4 Debit retained earnings 14,000

Credit retained earnings 14,000

7 0

2 years ago

You have $12,500 you want to invest for the next 30 years. You are offered an investment plan that will pay you 7 percent per ye

Alchen [17]

Answer:

Future value= $151,018.51

Explanation:

Future value of money measures how much a present amount of money will be in the future at a given interest rate.

The interest gained on money shows the time value of money. One dollar today is less than one dollar in one year's time

The formula for future value is

Future value = Present value * (1 + rate)^time

As we have two periods in this case (10 years and 20 years)

Future value = Present value * {(1 + rate1)^time1} * {(1 + rate2)^time2}

Future value = 12,500 * {(1 + 0.07)^10} * {(1 + 0.095)^20}

Future value= $151,018.51

4 0

2 years ago

The Food and Drug Administration is targeting salt in processed foods as a health hazard, and some experts believe the agency wi

____ [38]

Answer:

<u>d) objective research</u>

<u>Explanation:</u>

We need to note that mention was made that the research was "<em>Carefully controlled." </em>Been carefully controlled shows that the research has an objective.

Furthermore, measuring the reactions of consumers at different salt levels makes the research factual and thus a decision could be made from the findings.

8 0

2 years ago

The direct labor rate for Brent Corporation is $9.00 per hour, and manufacturing overhead is applied to products using a predete

Paladinen [302]

Answer:

1.- first question D. Beginning WIP: $8,500

2.- second question A raw materials used. $63,000

3.- third quesion B. $21,700 actual overhead

Explanation:

Balance in May 1st

4,000 direct materials

300 hours x $9 labor rate = 2,700

300 hours x $6 overhead rate = 1,800

Total 8,500

We have to calculate the total cost for materials added for the month

beginning + purchase - used into production = ending

We are given the fact that balance decrease by 3,000 so

ending - beginning = -3,000

we post that into the formula:

purchase - used into production = ending - beginning

60,000 - production = -3,000

production = 63,000

applied overhead:

3,200 hours x 6 = 19,200

If underapplied by 2,500 then:

applied - actual = -2,500

so

19,200 - actual = -2,500

19,200 + 2500 = actual

actual overhead = 21,700

7 0

2 years ago

The wireone company manufactures high-quality coated electrical wire in two departments, weaving and coating. materials are intr

storchak [24]

<h2><u>Answer:</u></h2>

Equal Units; Assigning Costs—Weighted-Average Method [LO2, LO3, LO4, LO5] The WireOne Company makes high caliber covered electrical wire in two offices, Weaving and Coating. Materials are presented at different focuses amid work in the Weaving Department.

After the weaving is finished, the materials are moved into the Coating Department, where strength plastic covering is connected. Chosen information identifying with the Weaving Department amid May are given underneath:

The organization utilizes the weighted-normal strategy. Required: 1. Figure the proportional units of creation. 2. Register the expenses per proportional unit for May. 3. Decide the expense of completion work in procedure stock and of the units exchanged to the Coating Department. 4. Set up a cost compromise between the costs decided in (3) above and the expense of starting stock and expenses included amid the period.

6 0

2 years ago