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Stella [2.4K]
1 year ago
5

Which of the following pairs of accounts could not appear in the same adjusting entry? a. Interest Income and Interest Expense b

. Rent Expense and Prepaid Rent c. Fees Earned and Unearned Fees d. Salaries Payable and Salaries Expense
Business
1 answer:
lana [24]1 year ago
3 0

Answer:

the correct answer is

A. Interest Income and Interest Expense

GOOD LUCK

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Neutronics makes four different models of gas identifiers. Next year, the company anticipates total overhead costs of $2.5 milli
Rainbow [258]

Answer:

Predetermined manufacturing overhead rate= $33.33 per direct labor hour

Explanation:

Giving the following information:

Next year, the company anticipates total overhead costs of $2.5 million.

Estimated direct labor hours= 75,000

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 2,500,000/75,000

8 0
2 years ago
Reece has decided to start his own brewery. To purchase the necessary equipment, Reece withdrew $20,000 from his savings account
KengaRu [80]

Answer:

The opportunity cost is the income earned from her balance on savings account at the interest rate of 3% per year that Reece would received if she had not opened her owned brewery business. This opportunity cost is $600 per year.

Explanation:

Please find the below for further explanation and calculations:

The opportunity cost per one year = Income earned on saving account per one year = 20,000 x 3% = $600;

The reason why it is an opportunity cost is because as a result of opening brewery business, Reece sacrifices the income earned on this saving, instead, she contributes the saving fund to her brewery business.

8 0
2 years ago
When installing a motor control system, list four major factors to consider concerning the power system.
beks73 [17]

Answer:

power source, motor type , motor connection, and environment and controller

Explanation:

when we install motor control system

there are many factor which we consider while installing and they are as

  1. power source that is need for operate machine
  2. motor type that is depend on our work output
  3. motor connection need horse power and service factor etc
  4. environment that is also important for outside of equipment with dust and moisture etc
  5. controller type it is depend upon type of motor and its purpose

so these are some type of factor which we consider while installing

5 0
2 years ago
Slovac Company purchased a machine that has an estimated useful life of eight years for $7,500. Its salvage value is estimated a
saw5 [17]

Answer:

A. 1,406

Explanation:

Double-declining balance formula = 2 X Cost of the asset X Depreciation rate

The cost of asset =  $7,500

salvage value  = $500

estimated useful life = 8years

To calculate the depreciation value using Double-declining balance formula = 2 X Cost of the asset X Depreciation rate

Depreciation rate = 1/useful life *100 = (1/8) * 100 = 12.5%

Therefore

2 x $7500 x 12.5% =  $1,875 - year 1

for the second year the cost of asset will be$ 7,500 - $1,875 =  $5625

2 x  $5625 x 12.5% = $1,406.25

Therefore the answer is $1,406

8 0
1 year ago
Great Skot expects to have cash receipts in June of $532,160. Skot’s cash disbursements in June are $581,720, including an inter
Y_Kistochka [10]

Answer:

a.$37,560

Explanation:

Cash balance $40,000 at month end =  Cash balance $52,000 at beginning + cash receipts in June of $532,160 - cash disbursements of $581,720 +  New borrowing

⇔ $40,000 = $2,440 + new borrowing

⇔ New borrowing =  $40,000 - $2,440 = $37,560

If Skot wishes to maintain a cash balance of $40,000, Skot have to borrow $37,560 if it started the month with a cash balance of $52,000

6 0
2 years ago
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