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vichka [17]
1 year ago
9

Aiden just landed a new full time job with a great salary. He currently lives in Virginia, but his new job is in Oregon. One of

the advantages of his new job, is that he will receive relocation assistance from the new company. This eases the price of moving across the country and has Aiden excited to start fresh on the West coast. This is an example of a:
Business
1 answer:
olasank [31]1 year ago
3 0

Answer:

<u>benefit</u> in terms of monetary assistance for relocating as there will be huge cost incurred by Aiden in relocation, as this is also important to relocate as the distance is too much that daily travelling is not possible, and for him Oregon is a new city and finding an accommodation is itself challenging therefore, when company at-least reimburses such cost of relocation it turns easy and removes a burden for relocation. Further this cannot be considered as wage or perk as this is not regular in nature and will not occur permanently.

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Assuming a routine manufacturing activity, present journal entries (account titles only) for each of the following transactions:
trasher [3.6K]

Answer:

Explanation: Journal Entries

a. Purchased material on account

Debit: Materials Purchases

Credit: Account payable

b. Recorded wages payable

Debit: Wages

Credit: Wage payable

c. Requisitioned both direct material and indirect material.

Debit: Manufacturing overhead

Credit: Raw material inventory

d. Assigned direct and indirect labor costs.

Debit: Manufacturing overhead

Credit: Labour costs

e. Recorded factory depreciation

Debit : Depreciation expense

Credit: Accumulated depreciation

-accrued factory property tax.

Debit: Property tax expense

Credit: Accrued Tax

f. Applied manufacturing overhead to production.

Debit: Production expenses

Credit: manufacturing overhead

g. Completed work on products.

Debit: finished goods inventory

Credit: work in process inventory

h. Sold finished goods on account.

Debit: Account receivable

Credit: Sales

i. Paid wages

Debit: Wages

Credit: cash/bank

8 0
2 years ago
Tamara is a Managerial Accountant at Everything New. Everything New manufactures furniture. Tamara purchased leather to be used
Murrr4er [49]

Answer:

B. Raw Materials

Explanation:

Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity.  Raw Materials  are used in the production of a finished products (such as Crude Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas  Petrol, Yogurt and Garment are the finished products).

Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.

Answer is B. Raw Materials

4 0
1 year ago
At september 1, the balance sheet accounts for stanley's restaurant were as follows: $ 3,800 accounts payable 9,600 accounts rec
nadya68 [22]

Answer:

$ 97,900

Explanation:

   ASSETS   =     LIABILITIES  +  OWNERS CAPITAL ( Equity)

5 0
2 years ago
The Tierney Group has two divisions of equal size: an office furniture manufacturing division and a data processing division. It
Mars2501 [29]

Answer:

The Correct statement is option B. The decision of the company not to adjust for risk means that the company will have to accept too many projects in the office furniture manufacturing division and too few in the data processing division.

Explanation:

Based on the information given the decision of the company not to adjust to the risks will lead to the firm accepting project that are too many in the office furniture Manufacturing Divsion while that of data processing Division will accept too few project, which means that the firm will be at risk in a situation where they want to raise the cost of capital reason been that the company cash flow will be Discounted by the investor at a rate that is high which will inturn Lead to the company value to decline.

Therefore The Correct statement is option B.

7 0
1 year ago
At the end of a shift, the sales clerk turned over $21,476.38 in cash, checks, and credit card receipts to the cashier. when the
coldgirl [10]
In this situation, the company should Enter a debit of $1.85 in the Cash Over and Short account. 
By doing this, the amount of difference will be covered on the adjustment that made on the account and the calculation for the net profit and cash flows will be back to the correct value,
8 0
2 years ago
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