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Please answer all parts of this question.
During September, Red Shelf Inc. uses $600 of utilities. Red Shelf Inc. pays its utility bill on October 20th. On October 20th, Red Shelf Inc. records O no change in utilities expense. O a decrease in utilities expense. O an increase in utilities expense. During September, Red Shelf Inc. uses $600 of utilities. Red Shelf Inc. pays its utility bill on October 20th. On September 30th, Red Shelf Inc. records O no change...
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Question 3 (1 point) v Saved On November 6th, East Salvage Co. sells and delivers $4,000 of goods to a customer. The customer pays for the goods on December 15th. On November 6th, East Salvage Co. records O a decrease in revenue. O no change in revenue. O an increase in revenue.
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Question 1 (1 point) v Saved During September, Red Shelf Inc. uses $600 of utilities. Red Shelf Inc. pays its utility bill on October 20th. On October 20th, Red Shelf Inc. records an increase in utilities payable. O no change in utilities payable. O a decrease in utilities payable.
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Question 1 (1 point) Saved What is the effect of the following business activity on the element indicated? Provided services to a customer who paid $1,2000 in advance last month. --- Assets 1) increase to one and decrease to another 2) decrease 3) no effect O 4) increase Question 2 (1 point) What is the effect of the following business activity on the element indicated? You receive $900 from a customer for services to be performed next month. --- Revenue...
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QUESTION 24 MONTH January February March April UNITS SOLD TOTAL COSTS 980 $3,500 780 $4,000 1,080 $5,500 1,280 $5,000 Estimate variable costs per unit using the information above. Estimate fixed costs using the information above. QUESTION 16 Estimate unit variable costs and fixed costs using the following information. Month Total Costs Sales Volume (units) March $180 April $190 May $260 June $280 O A. Unit VC = $6/FC = $84 OB. Unit VC = $8/FC = $52 C. Unit VC...
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Question 3 Waterway Inc. is a construction company saccia zing in custom patios. The patios are constructed of concrete, Erick, fiberglass, and I aer, desending upon customer arcference. On June 1, 2020, the general ledge- far Waterway Inc. contains the following data. Raw Materials Invertory $1.600 Menufacturing Overhead oplied $35, 100 Work in Process inventory S5.350 Manufacturing Overhead Incurred $32,100 Subsidiary data for Viork in Process Inventory on Junie 1 ere as follons. Job Cost Sheets Customer Job Radgers Stevens...
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Question 11 (1 point) Baldwin, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory 1/1/19 100 units at $80 March 10 Sold 80 units June 10 Purchased 270 units at 586 October 30 Sold 180 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2010 if the perpetual inventory system and the first in, first-out inventory costing method are used? $8,000 $31.220 $15,360 $21,760
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Sherene Nill manages a company that produces wedding gowns. She produces both a custom product that is made to order and a standard product that is sold in bridal salons. Her accountant prepared the following forecasted Income statement for March, which is a busy month. Custom Dresses Standard Dresses Total 30 $30,000 $ 8,000 9,000 Number of dresses Sales revenue Materials Labor Machine depreciation Rent Heat and light Other production costs Marketing and administration Total costs Operating profit $50,000 $10,000...
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sestion 1: Finn Inc. makes hats. For the month of March 20 Account Direct Materials Work in Process the month of March 2019, Finn Inc had these inventory account balance Betinnor Balance Clan 1) Endine Balance can 3) $51,000 $34,000 $72,000 $89,000 $23,000 $26,000 Finished Goods During March 2019, Finn Inc. had the following transactions: a. Spent $47,000 on direct materials b. Spent $29,000 on direct labor c. Calculated manufacturing overhead to be $25,000 d. Spent $20,000 on administrative expenses...
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NA Question 9 (1 point) In 2017. Antle Inc. had acquired Demski Co. and recorded goodwill of $245 million as a result. The net assets (including goodwill) from Antle's acquisition of Demski Co. had a 2018 year-end book value of $580 million. Antle assessed the fair value of Demski at this date to be $700 million, while the fair value of all of Demski's identifiable tangible and intangible assets (excluding goodwill) was $550 million. The amount of the impairment loss...
Please answer all parts of this question.
During September, Red Shelf Inc. uses $600 of utilities. Red Shelf Inc. pays its utility bill on October 20th. On October 20th, Red Shelf Inc. records O no change in utilities expense. O a decrease in utilities expense. O an increase in utilities expense. During September, Red Shelf Inc. uses $600 of utilities. Red Shelf Inc. pays its utility bill on October 20th. On September 30th, Red Shelf Inc. records O no change...
Question 3 (1 point) v Saved On November 6th, East Salvage Co. sells and delivers $4,000 of goods to a customer. The customer pays for the goods on December 15th. On November 6th, East Salvage Co. records O a decrease in revenue. O no change in revenue. O an increase in revenue.
Question 1 (1 point) v Saved During September, Red Shelf Inc. uses $600 of utilities. Red Shelf Inc. pays its utility bill on October 20th. On October 20th, Red Shelf Inc. records an increase in utilities payable. O no change in utilities payable. O a decrease in utilities payable.
Question 1 (1 point) Saved What is the effect of the following business activity on the element indicated? Provided services to a customer who paid $1,2000 in advance last month. --- Assets 1) increase to one and decrease to another 2) decrease 3) no effect O 4) increase Question 2 (1 point) What is the effect of the following business activity on the element indicated? You receive $900 from a customer for services to be performed next month. --- Revenue...
QUESTION 24 MONTH January February March April UNITS SOLD TOTAL COSTS 980 $3,500 780 $4,000 1,080 $5,500 1,280 $5,000 Estimate variable costs per unit using the information above. Estimate fixed costs using the information above. QUESTION 16 Estimate unit variable costs and fixed costs using the following information. Month Total Costs Sales Volume (units) March $180 April $190 May $260 June $280 O A. Unit VC = $6/FC = $84 OB. Unit VC = $8/FC = $52 C. Unit VC...
Question 3 Waterway Inc. is a construction company saccia zing in custom patios. The patios are constructed of concrete, Erick, fiberglass, and I aer, desending upon customer arcference. On June 1, 2020, the general ledge- far Waterway Inc. contains the following data. Raw Materials Invertory $1.600 Menufacturing Overhead oplied $35, 100 Work in Process inventory S5.350 Manufacturing Overhead Incurred $32,100 Subsidiary data for Viork in Process Inventory on Junie 1 ere as follons. Job Cost Sheets Customer Job Radgers Stevens...
Question 11 (1 point) Baldwin, Inc. had the following balances and transactions during 2019: Beginning Merchandise Inventory 1/1/19 100 units at $80 March 10 Sold 80 units June 10 Purchased 270 units at 586 October 30 Sold 180 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2010 if the perpetual inventory system and the first in, first-out inventory costing method are used? $8,000 $31.220 $15,360 $21,760
Sherene Nill manages a company that produces wedding gowns. She produces both a custom product that is made to order and a standard product that is sold in bridal salons. Her accountant prepared the following forecasted Income statement for March, which is a busy month. Custom Dresses Standard Dresses Total 30 $30,000 $ 8,000 9,000 Number of dresses Sales revenue Materials Labor Machine depreciation Rent Heat and light Other production costs Marketing and administration Total costs Operating profit $50,000 $10,000...
sestion 1: Finn Inc. makes hats. For the month of March 20 Account Direct Materials Work in Process the month of March 2019, Finn Inc had these inventory account balance Betinnor Balance Clan 1) Endine Balance can 3) $51,000 $34,000 $72,000 $89,000 $23,000 $26,000 Finished Goods During March 2019, Finn Inc. had the following transactions: a. Spent $47,000 on direct materials b. Spent $29,000 on direct labor c. Calculated manufacturing overhead to be $25,000 d. Spent $20,000 on administrative expenses...
NA Question 9 (1 point) In 2017. Antle Inc. had acquired Demski Co. and recorded goodwill of $245 million as a result. The net assets (including goodwill) from Antle's acquisition of Demski Co. had a 2018 year-end book value of $580 million. Antle assessed the fair value of Demski at this date to be $700 million, while the fair value of all of Demski's identifiable tangible and intangible assets (excluding goodwill) was $550 million. The amount of the impairment loss...