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myrzilka [38]
1 year ago
14

Austin Company pays daily wages of $645 (Monday - Friday). Paydays are every other Friday. Prepare the Monday, January 31 adjust

ing entry, assuming that the previous payday was Friday, January 21. b. Prepare the journal entry to record the Austin Company’s payroll on Friday, February 4. c. Annual depreciation expense on the company’s fixed assets is $39,600. Prepare the adjusting entry to recognize depreciation for the month of January. d. The company’s office supplies account shows a debit balance of $3,755. A count of office supplies on hand on January 31 shows $635 worth of supplies on hand. Prepare the January 31 adjusting entry for Office Supplies.
Business
1 answer:
lys-0071 [83]1 year ago
4 0

Answer:

Explanation:

The adjusting entries are shown below:

1. Wages Expense A/c Dr $2,580 ($645 × 4 days)

         To Wages Payable A/c           $2,580

(Being wages are adjusted)

2. Depreciation expense A/c Dr $39,600

          To Accumulated depreciation        $39,600

(Being depreciation expense is adjusted)

3. Office supplies expense A/c Dr $3,120 ($3,755 - $635)

           To Office supplies A/c                        $3,120

(Being office supplies is adjusted)

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1. How has an understanding of consumer behavior helped Coppertone grow in the United States and around the globe? 2. Describe t
True [87]

Answer: The answers are provided below

Explanation:

1. The understanding of consumer behavior which has helped Coppertone grow in the United States and around the world are:

• Its understanding of consumer behavior was along with changing behaviour of consumers.

• Its understanding was along with consumer's changing needs.

• Providing innovative solutions that are in accordance with consumer preferences.

Note that at the beginning, Coppertone started as a tanning product, but later developed nee products when the consumers preferences changed from tanning to skin protection.

2. . The Five stage purchase decision process for a Coppertone customer are:

a. Problem recognition - This is the stage of understanding the problem.

b. Search for information. It is the stage of seeking solution to the problem

c. Comparision of alternatives - This is the stage where the comparative analysis is done. This stage is influenced by the product, price, availability etc.

d. Decision of purchasing - This is the stage of decision making that is based on the comparisons made.

e. Post-purchase feedback - This is the stage whereby the consumer will evaluate the product performance. This stage is vital to retaining existing consumers.

3. The factors that can influence the Coppertone consumer purchase decision process are:

• Psychological: It is the intention of consumers to protect their skin from the sun while going out thereby maintaining their good look.

• Sociological : It is in human behaviour to replicate the things that are being done by other people in the society.

• Situational Factor: This is a case whereby consumers are left with no other alternatives than purchasing a particular product brand to meet their need.

4. The marketing activities Coppertone utilized to help it grow in the marketplace are:

• Advertisment: Coppertone advertisment strategy really worked through its use of the advertisement campaign for “the Coppertone Girl” and also their famous tagline “Tan, Don’t Burn.” This helped spar the product’s popularity.

• Use of social media: They also engage with their customers on social media nd other websites.

5. The challenges that would be faced by Coppertone in the future are:

• There will be an unbalanced demand and supply since the requirement of the product is seasonal.

• Selective usage of the product by the customer can hampers the sale.

• There may be the need for more innovative products in order to meet customer needs.

The recommendation related to each challenges are:

• Awareness should be created among the customers about their self health and looks, in order for them to shift away from seasonal usage.

• New products should be launched aggressively. This is because customers are trendy nowadays and also appealing marketing techniques should be used.

6 0
1 year ago
On December 31, 2017, Dow Steel Corporation had 770,000 shares of common stock and 47,000 shares of 9%, noncumulative, nonconver
Oksana_A [137]

Answer:

EPS = 3.37

Explanation:

<u>First step we will calculate the income after paying the preferred dividends</u>

net income 2,950,000

86,000 preferred stock dividends

earnings for common stock: 2,864,000

<u>Then we calcualte the average shares outstanding</u>

Feb 28th 68,000 sold shares

May 15th 770,000 x 5% = 38,500 new shares

July 1st 4,000 shares retired

weighted average shares:

770,000 +68,000 x 10/12 + 38,500 x 7.5/12 - 4,000 x 6/12  = 848729.1667

average shares 848,729

<em>Earning per share</em>

(net income - preferred stock) / weighted average shares outstanding

2,864,000 / 848,729 = 3,.744 = 3.37

5 0
1 year ago
Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income a year for 20 years,
ivolga24 [154]
Defined the answer multiplied $80,000 by 20, once you get that answer multiply that by 0 5.25, then whatever you get is the answer. You're welcome, tea sis, shook, can't relate, be smarter
7 0
2 years ago
Answer the following question based on the article "The Mystery of Original Sin: We Don't Know Why God Permitted the Fall, but W
Alexandra [31]

Answer:

D) He wants us to learn that having Him at the center of our lives will always be the best for us no matter how big or small the decisions we must face.

Explanation:

The article exposes that dehumanization is part of the world we're living in today. Marguerite Shuster argues that the world we're living in today is Genesis 3 world.

What's wrong with this world? "As the story goes, Chesterton responded with just two words: "I am." His answer is unlikely to be popular with a generation schooled to cultivate self-esteem, to pursue its passions and chase self-fulfillment first and foremost."

Then Shuster's invitation is to recenter our lives at Him.

References:

Shuster , M. (2013). The Mystery of Original Sin: We don’t know why God permitted the Fall, but we know all too well the evil and sin that still plague us. Christianity Today, 57(3), 38-41

Shuster, Marguerite. “Did God Plan the Fall?” ChristianityToday.com, Christianity Today, 24 Sept. 2018

8 0
1 year ago
The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been o
kvasek [131]

Answer:

d. $8,300.

Explanation:

             Direct Materials

Beginning     8,200

Purchases   *16,800

Requisitions             18,400

Ending          6,600

We solve for purchases:

6,600 + 18,400 - 8,200 = 16,800

WIP Inventory

Beginning                7,700

Materials                18,400

Labor                     13,700

Overhead               8,200

Transferred Out    <u>             39,700*</u>

Ending                    8,300

The transferred-out from WIP inventory is the transferred-in for Finished Goods

8 0
1 year ago
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