trio co. reported that maintenance and normal repair costs are expensed as incurred. if trio's current year machinery and equipment repair costs are $8,200, which accounts would be impacted to complete the journal entry? (check all that apply.)

Answers

Answer 1

-Credit Cash

- Debit Repairs expense

The journal entry is as follows

Repairs a/c   DR.           8200

          To Cash a/c                   8200

The cash will be deducted and there will be addition in repairs expense account.

What is journal entry?

A journal entry is the act of recording any transaction, whether one that is economic or not. An accounting diary that displays the debit and credit balances of a corporation lists transactions. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.

Types of journal entry

Opening entries. Transfer entries.Closing entries. Adjusting entries. Compound entries.Reversing entries

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Related Questions

rodriguez corporation issues 6,000 shares of its common stock for $108,300 cash on february 20. prepare journal entries to record this event under each of the following separate situations. the stock has a $14 par value.the stock has neither par nor stated value.the stock has a $7 stated value.

Answers

The journal entries to record this event under each of the following separate situations.

A Journal entry is a record of the commercial enterprise transactions inside the accounting books of a enterprise. A well documented journal entry consists of the ideal date, amounts to be debited and credited, description of the transaction and a unique reference wide variety. A journal entry is the first step within the accounting cycle.

Journal entry

No account and explanation Debit Credit

a Cash 54200  

 Common Stock (6000*6)   36000

 Paid in Capital in excess of par value-Common Stock   18200

     

b Cash 54200  

 Common Stock   54200

     

c Cash 54200  

 Common Stock (6000*3)   18000

 Paid in Capital in excess of stated value-Common Stock   36200

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an open-end fund has a net asset value of $12.70 per share. it is sold with a front-end load of 5%. what is the offering prian open-end fund has a net asset value of $12.70 per share. it is sold with a front-end load of 5%. what is the offering pri

Answers

The offering open-end fund has a net asset value of $12.70 per share. It is sold with a front-end load of 5%. $13.80 is the offering price.

Offering price = Net asset value/1− Front end load

=$12.70/1−8%

=$12.70/92%

=$13.80

Therefore, the offering price will be $13.80

What is an open-end fund?

The word "open ended funds" refers to investments and redemptions being available at all times. In India, open ended funds are the most popular type of mutual fund investment. These funds are perpetually open because they have neither a lock-in period nor maturity.

Are open-end funds a wise financial decision?

While closed-end funds frequently offer a higher return, open-end funds typically offer better security. The management fees for these funds are typically greater than other funds since management must constantly modify holdings to satisfy investor demand.

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the abc cement corporation produces a high quality cement that is supplied to construction companies. the potential demand and the probability of each potential demand quantity are given for the upcoming year: demand in tons probability 500,000 0.3 250,000 0.4 300,000 0.3 assuming manufacturing capacity of 700,000 tons, the estimated capacity cushion is 340,000 tons. it cannot be computed from this information. 360,000 tons. >1,000,000 tons.

Answers

The ABC Cement Corporation produces a high-quality cement that is supplied to construction companies.

the cushion  capacity estimated  is 360,000 tons.

How does the capacity estimate method work?

Due to its practicality and efficiency in submitting data at the Station level, the Capacity Estimate method is the most widely used method of inputting data for the Resource Center. When conducting your daily, weekly, or monthly audit, you should estimate the volume of each container before entering the data. For example A two-stream station is station A. "Cans & Bottles" is bin #1. Waste is the second bin. Using the capacity estimate approach, the user entering the data determines that Bin #1 is 70% full with "Cans & Bottles" and Bin #2 is 30% full of "trash" based on their visual assessment.

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a treasury bond has a face value of $25,000 and a quoted price of 103.3750. what is the bond's dollar price?

Answers

Figure the bond esteem by duplicating the rate cost statement by the security's standard worth.The bond value, for instance, is $1,100 if the bond is listed at 110.0 and has a $1,000 par value.

How is the cost of a Treasury bond determined?

At the point when they mature, we pay you the presumptive worth."Interest" refers to the difference between the discounted price you pay and the face value of the item.Utilize the following formula to determine the purchase price for a particular discount rate.

How is the value of a bond determined?

Face value = (discount rate x time)/360

This Excel formula would be used to determine the value for the first month, beginning on the first day of the month following your purchase, if you purchased $10,000 in an I Bond dated May 2022:=ROUND(25*(1+0.0962/2)^(1/6),2) .ROUND(25*(1+0.0962/2)(2/6),2) would be the second month.

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Because companies target different customers with different kinds of products and services, performance measures should be tailored to the specific ____________ of a company.
strategy

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Because companies target different customers with different kinds of products and services, performance measures should be tailored to the specific strategy of a company.

An organization's long-term objectives and the plan it has to achieve them are referred to as its strategy. In other words, it demonstrates the strategy for achieving the stated goal. The specific steps taken to accomplish the objectives in accordance with the strategy are referred to as a tactic. A plan outlines the ways by which the outcomes (goals) will be accomplished (resources). Strategy can be predetermined or it can develop organically when an organization competes or changes its surroundings. It entails tasks like strategic planning and strategic thought. Business, operational, and transformational strategies are all types of strategy. The five Ps each stand for a different method of strategy. Plan, Ploy, Pattern, Position, and Perspective fall under this category. These five factors make it possible for a business to create a more effective plan.

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Which category accounts for about 35% of the credit score calculation and takes in to account bills that are paid late, how late they were paid, how recent the delinquency was, and the total amount owed?.

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About 35% of the credit score is determined by the length of credit history category, which considers the total amount owing, the frequency of late payments, the amount outstanding, and the most recent delinquency.

A good credit score is what?

Despite the fact that ranges differ based on the credit scoring model, generally speaking, credit scores between 580 and 669 are considered as fair, 670 to 739 as good, 740 to 799 as very good, and 800 and up as exceptional.

Is a score of 700 on my credit report good?

A credit score of 700 or above is generally considered satisfactory for a score with a range between 300 and 850. On the same scale, a score of 800 or more is regarded as exceptional. The majority of consumers have credit scores that are in the 600–750 range.

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each firm embraces objectives that management believes will make the firm more successful. these specific objectives usually reflect how the firm intends to grow. do managers want it to grow by increasing profits, increasing sales, decreasing competition, or building customer satisfaction? these questions are answered by a firm's choice of pricing strategy.

Answers

These specific goals usually reflect how the company intends to grow. The managers want it to grow in accordance with the company's goals.

A manager is someone who is in charge of running a portion or the entire operation of a business. Managers can provide leadership to their teams by providing a sense of purpose and direction in which employees can put their trust.

According to Driffill, good managers help their employees grow and succeed. Continued education and training programs can assist them in learning. Employees who are well-trained improve customer service, increase profits and productivity and provide peace of mind when you are away from the office.

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armstrong corporation manufactures bicycle parts. the company currently has a $19,300 inventory of parts that have become obsolete due to changes in design specifications. the parts could be sold for $7,100, or modified for $9,900 and sold for $21,300. required: 1. identify the relevance of the data given in the exercise to the decision about what to do with the obsolete parts.

Answers

The cost of the inventory of parts of $19,300 is not relevant to the decision making about what to do with the obsolete parts.

The relevant expenditures are 7,100 for selling the used parts, 9,900 for altering the used parts, and 21,300 for selling the used parts after modification. The 19,500 inventory cost is a sunk cost because it has already happened and is not relevant to decision-making.

Without modification,

loss by selling obsolete parts= $19,300-$7,100= $12,200

With modification,

loss by selling the obselete parts

Total cost= $19,300+$ 9,900=$29,200

Loss= $29,200-$21,300=$7900

Since the after-modification loss is lower than the before-modification loss, it is wise to alter the obsolete parts before selling them.

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question content area top part 1 safe dog company makes dog crates. the budgeted selling price is per​ crate, the variable rate is per crate and budgeted fixed costs are per month. what is the budgeted operating income for crates sold in a​ month?

Answers

The budgeted operating income for crates sold in a​ month is $20,000 per month.

What is the operating income?

Operating income is the adjusted earnings of a business after all operating costs and depreciation have been taken into account. The charges incurred to maintain the operation of the business are known as operating expenses.

A company's operating income is computed by deducting operating costs from its gross profit. Administrative, selling, or expenditures are examples of the combination of natural expenses involved to run a business.

Operating income refers to the amount of profit that remains, after all, operating costs have been taken into account and deducted from the overall value. The financial statements, which contain a summary of a company's revenues and expenditures for a certain time, list this kind of income.

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lewis corporation receives net proceeds of $960 by issuing a 30-year bond with a $1,000 par value and 7.5% semi-annual coupon payment. if lewis has a 21% tax rate, what are the before-tax and after-tax cost of debt?

Answers

To calculate the firm's after-tax component cost of debt we need to calculate the interest rate or the Yield to Maturity for the fixed rate bond. This is a fixed rate bond with semi-annual coupon payments, that is, a periodicity of 2. Periodicity refers to how often compounding takes place.

Because the bond has a maturity of 25 years and a periodicity of 2 the number of periods is equal to (2*25) which is equal to 50.

Coupon payments made semi-annually = (7%/2) * 1000

                                                              = $35

Par value of the Bond = $1000

Present value of the Bond = $623.85

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The balance sheet for Ronlad Corporation reported 180,000 shares outstanding, 271,000 shares authorized, and 24,000 shares in treasury stock. How many shares have been issued?

Answers

The number of shares that have been issued are 77,000.

What is a share?

A share is a unit of equity ownership in the capital stock of a company in the financial markets, and it can also be used to refer to shares of the mutual funds, limited partnerships, and the real estate investment trusts. A share is an immovable unit of capital that symbolizes the ownership connection between the company and the shareholder. The denominated value of share is its face value, which could not be same as  share's market value. The capital of firm consists of whole face value of its issued shares. A dividend is income received as compensation for holding shares. Equity, preference, deferred, redeemable, bonus, right, and shares from employee stock option programs are only a few of the several types of shares.

Here, total authorized shares are 330,000 and the outstanding shares are 230,000 and 23,000 shares in the treasury stock.

Total number of authorized shares= issued shares + shares yet to be issued

Number of new shares can be issue is= 330,000- (230,000+23,000)

                                                               = 77,000 shares

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delivery cycle time is an example of which performance measure category? multiple choice internal business processes. customer. financial. learning and growth.

Answers

Delivery cycle time is an example of financial customer learning and growth  performance measure category.

What three elements make up a performance objective?

The student performance, the conditions, and the criterion are the three main components of performance targets (accuracy). The quick outline provided below should help you create performance objectives that are appropriate.

How is the rate of employee turnover determined?

By adding your starting and ending workforces and dividing by two, you may get your average workforce (Avg) (Avg = [B+E]/2). The number of departing employees should now be divided by your average staff count. To calculate your final turnover %, multiply [L/Avg] by 100.

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trent bought a coat on sale for 45 % off the retail price. if he paid $ 130 , what was the original retail price?\

Answers

The original retail price is $236.36

Given

Sale price = $130

Discount rate = 45%

Let  original retail price be x

Sale price = Retail price - ( retail price * discount)

130 = x - ( x * 0.45)

130 = x - 0.45x

130 = 0.55 x

x = 130 * 0.55

x = $236.36

What is retail price?

The list price of a product, sometimes referred to as the manufacturer's suggested retail price, recommended retail price, or proposed retail price, is the amount that the manufacturer theoretically advises that a retailer sell it for.

The cost a customer will incur when buying a product from a retail establishment is known as the retail price. Customers will ultimately pay this amount for the goods they buy.

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__________ variation is centered on the mean and occurs with a consistent amount of dispersion.A. NonrandomB. ConsistentC. SystematicD. DeliberateE. Random

Answers

Random variation is centered on the mean and occurs with a consistent amount of dispersion.

Variation is a way to show how data is dispersed or spread out. Several measures of variation are used in statistics.

A person's skin color, hair color, dimples, freckles, and blood type are all examples of genetic variations that can occur in a human population. Examples of genetic variation in plants include the modified leaves of carnivorous plants and the development of flowers that resemble insects to lure plant pollinators.

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Price elasticity for a good depends on the share of a consumer's budget spent on a good. Other things being equal, which of the following goods has the most elastic demand? Toothbrush O Lightbulbs O TV and Internet service plan

Answers

Price elasticity of a good is influenced by the percentage of a consumer's budget that is allocated to it. The most elastic demand is - TV and Internet service plan.

The correct option is C.

The link between the percentage change in a product's quantity sought after and the percentage change in price is known as price elasticity of demand.

A price change causes a considerable change in the amount needed to satisfy an elastic demand. Demand is considered to be inelastic when the amount desired does not vary much as a result of a price modification.

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if a competitive firm is currently producing a level of output at which marginal revenue exceeds marginal cost, then question 3 options: a) a one-unit increase in output will increase the firm's profit. b) a one-unit decrease in output will increase the firm's profit. c) total revenue exceeds total cost. d) total revenue exceeds total cost.

Answers

If a competitive firm is currently producing a level of output at which marginal revenue exceeds marginal cost, then one-unit increase in output will increase the firm's profit.

A perfectly competitive business must accept the equilibrium price at which it sells its products because it is a price taker. A completely competitive business will not be able to generate any sales if it seeks to charge even a small amount above the going rate.

There are numerous buyers and sellers in a market with perfect competition, and prices always reflect supply and demand. Companies only make as much money as is necessary to stay in operation. Other businesses would enter the market and reduce revenues if they were to make excessive profits.

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imagine a trader buys a put option on a stock with a strike price of 500 and pays a premum of 25. what is the traders break even point

Answers

By deducting the cost per share from the strike price, one can determine the put option's break-even point. The break even point is therefore 50 -25, giving us 475.

What is break even point?

The break-even point in economics, business, and cost accounting is the point at which total costs and total revenues are equal, or "even." There is no net loss or gain, and one has "broken even," even though opportunity costs have been paid and capital has received the risk-adjusted, expected return.

The term "break-even point" (BEP) in accounting refers to the situation where a company's revenues and expenses were equal for a specific accounting period. It means the company "broke even," which means there were neither net profits nor losses.

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ashton corporation is headquartered in pennsylvania and has a state income tax base there of $531,000. of this amount, $59,000 was nonbusiness income. ashton's pennsylvania apportionment factor is 43.85 percent. the nonbusiness income allocated to pennsylvania was $22,000. assuming a pennsylvania corporate tax rate of 8.25 percent, what is ashton's pennsylvania state tax liability?

Answers

The state tax liability is $18,890

Explanation:

The computation of the state tax liability is shown below:

= [({State income tax base - non business income) ×  apportionment factor} + non business income] × corporate tax rate

= [({$531,000 - $59,000) × 43.85% } + $22,000] × 8.25%

= [$472,000 × 43.85%  + $22,000] × 8.25%

= $228,972 × 8.25%

= $18,890

What is the tax calculation?

Tax computation refers to the working documents, statements, schedules, computations, and other supporting materials that serve as the foundation for an income tax return and must be included with the return or kept on file by the individual filing it.

What are obligations for state income taxes mean?

The sum of money you owe to taxing bodies, such as your local, state, and federal governments, is known as your tax liability (e.g., the IRS). You owe your creditor money when you have a tax liability because it is a contract. Tax liabilities can arise for both people and companies.

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you have landed an interview with your dream company. because they are out of state, they asked to do the initial interview on video. how can you best prepare to ace your video job interview? check all that apply.

Answers

As you have landed an interview with your dream company. Because they are out of state, they asked to do the initial interview on video, the best way to prepare to ace your video job interview includes:

C. Dress as you would for a face-to-face interview.D. Project an upbeat attitude by using positive words.E Position your camera at eye level.

What is an interview preparation?

Most of an effective interview preparation primarily involves researching the job and the company and thoughtfully considering your answers to the interview questions. In addition to the pre-interview preparation, there are also some other aspects you are required to prepare for during and after the interview.

Missing option " Focus on answers and stories that illustrate your competence. Have a prepared script to read from. o o o o o . Dress as you would for a face-to-face interview. Project an upbeat attitude by using positive words. Position your camera at eye level.

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professor wilheim, a prominent philosopher, is likely to show the greatest productivity of his career during his: 20s.30s.50s.60s.

Answers

Professor wilheim, a prominent philosopher, is likely to show the greatest productivity of his career during his, option C: 50s.

One of the founding figures of contemporary psychology was a German physiologist, philosopher, and professor named Wilhelm Maximilian Wundt. The first official laboratory for psychological research was established by Wundt. This established psychology as a separate area of study. He was most productive for his career in his 50s where he wrote a book in the field.

In 1863–1864, he published his psychology lectures under the title Lectures on Human and Animal Psychology. Principles of Physiological Psychology, a book that Wundt diligently worked on and which became one of the most significant in the history of psychology, was published in 1874. This was the first textbook pertaining to experimental psychology to be written.

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if a monopolist is able to increase the amount of product she sells from 400 to 425 units by lowering the price of that product from $40 to $30, her marginal revenue is:

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If a monopolist is able to increase the amount of product she sells from 400 to 425 units by lowering the price of that product from $40 to $30, her marginal revenue is:$-55

TR=P*Q

TR(400)=400*50=20000

TR(420)=420*45=18900

MR(n)=(TR(n)-TR(p))/(n-p)

MR(n)= MR of n th unit of output

TR(n)=TR of n units of output

TR(p)=TR of p units of output

it is true for n>p

MR(420)=(18900-20000)/(420-400)

=$-55

Sales is the whole quantity of profits generated through the sale of goods and services related to the primary operations of the enterprise. commercial revenue can also be called sales or as turnover. a few businesses acquire sales from hobby, royalties, or other fees.

Revenue definition says that it's miles the overall sum of money obtained from wearing out the enterprise operations inclusive of income.

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donna is an od practitioner who is just learning how to develop a performance appraisal. what could hinder her from being successful in implementing her appraisal?

Answers

a. The organization may not have a management team in place to design and implement the performance appraisal.

b. Developing a system for rewards.

c. A lack of interest from the organization in being consistent with the review process.

d. All of the above.

d is the correct answer.

Practitioners of organizational development are those who have been given the responsibility of carrying out the organization's planned change process. These are the people who have the ultimate responsibility for challenging and altering the organization's current practices in order to develop and create effectiveness across the entire organization. Ordinarily, those who work in organizational development are referred to as OD practitioners. Practitioners of organizational development are those who have been given the responsibility of carrying out the organization's planned change process. These are the people who have the ultimate responsibility for challenging and altering the organization's current practices in order to develop and create effectiveness across the entire organization.

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jounralize and post closing entries and complete the closing process list all debit entries before credit entries credit account titles are authomatically indented when the amount is entered

Answers

Preparing closing entries, which involves journalizing and uploading the entries to the ledger, is the eighth phase in the accounting cycle. During closure, there are four entries. To the Income Summary account, the initial entry cancels revenue accounts.

What order should the steps for closing an account be taken in?

Following is the basic order of closing entries: Clear the balances in the revenue accounts by debiting each revenue account and crediting the income summary account. To eliminate the balances in all expenditure accounts, credit all expense, accounts and debit the revenue summary account.

A journal entry debiting all revenue accounts and crediting the income summary is used to accomplish this. The same procedure is then used to calculate expenditures. Crediting the expense accounts and debiting the income summaries closes out all expenditures.

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exercise 12-9 (static) cash flows from investing activities lo p3 equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000. paid $89,000 cash for a new truck. sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. stock investments were sold for $60,800 cash, yielding a gain of $4,150. use the above information to determine cash flows from investing activities. note: amounts to be deducted should be indicated with a minus sign.

Answers

The cash flows from investing activities, given the costs of equipment and other fixed assets, are $ 221, 100.

How to find the cash flow from investing activities?

The cash flow from investing activities refers to those cash flows that are either made from the sale of fixed assets and capital assets, or lost to the purchase of these same things.

The cash flows from investing activities here is therefore:

= Gain from sale of equipment - purchase of new truck + sale of and + sale of long term investment

= ( 65, 300 - 14, 000 ) - 89, 000 + 198, 000 + 60, 800

= $  221, 100

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the expansion of sugarcane plantations in south america and the caribbean proved unsustainable due to a local shortage of what essential commodity?

Answers

Tea was once the most essential imported commodity Americans got from China through the quit of the 19th century.

What commodity product means?

a product that is the same as different products of the identical kind from different producers or manufacturers: Sugar is a commodity product and no one organization has extra chance of controlling its grant and charge stage than any of its rivals. It is hard to differentiate and company commodity merchandise like wood or steel.

Commodities encompass agricultural products such as wheat and cattle, strength products such as oil and herbal gas, and metals such as gold, silver and aluminum. There are additionally “soft” commodities, or those that can't be stored for lengthy intervals of time, which include sugar, cotton, cocoa and espresso

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What factors make an agreement enforceable under the principle of quasi-contract? Choose 2 answers.
A. The courts determine that an enforceable contract exists.
B. The enriched party knows about the benefit and keeps it.
C. The enriching party is negligent.
D. One party is being enriched at the expense of the other.

Answers

OPTION B. The enriched party knows about the benefit and keeps it and

D. One party is being enriched at the expense of the other, are correct.

WHAT IS QUASI CONTRACT?

A contract that is inferred by law and serves as a redress in disputes between parties without a contract is known as a quasi contract. A quasi contract is a judicially determined legal duty for one party to make restitution to the other, as opposed to a typical contract. In other words, a quasi contract is a decision that is made in the past to fix a situation where one party gains something at the expense of the other.

These agreements may be imposed when a party accepts products or services that may not have been requested. The providing party therefore has an expectation of being paid as a result of the acceptance.

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zima and jin both work at the local factory producing cars. zima earns $20 per hour working the day shift, and jin earns $21 per hour working the night shift. zima and jin do the same job, have the same experience, and have the same level of education. this means that the

Answers

Based on the context of the question, and compensation principles, when Zima and jin do the same job, have the same experience, and have the same level of education. this means that the higher-paying job has a compensating wage differential of $1 per hour.

What is Compensating Wage?

Compensate Wage is a term that is used to describe the additional amount of income that a given work must be offered to encourage them to accept a given unpleasant job, relative to other jobs that the worker could perform.

Generally, Compensating Wage is often referred to as Compensating differential and is described as a means to compensate workers for nonwage characteristics of the job.

In this case, given that Zima and jin do the same job, have the same experience, and have the same level of education, but Zima works in the day shift for $20 and Jin works the Night shift for $21 then, this implies that the higher-paying job has a compensating wage differential of $1 per hour.

Hence, in this case, it is concluded that the compensating wage is often used to motivate workers to do extra work.

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which sustainable marketing principle emphasizes building long-run consumer loyalty and relationships?

Answers

Sense-of-mission advertising:a sustainable principle that says a business should talk about its mission in broad social terms rather than in terms of its products.

What exactly are marketing tenets?

Companies use marketing principles, also known as principles of marketing, to implement an efficient marketing strategy.We base our product promotion strategies on these principles.We can effectively promote goods or services by utilizing marketing principles.

What is the marketing concept's primary focus?

The Sales Concept is preoccupied with the seller's need to turn his or her product into cash, whereas the Marketing Concept is preoccupied with the needs of the buyer.The marketing concept is preoccupied with the idea of providing a product as a solution to the customer's problem (needs) in order to meet the needs of the customer.

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you're working on a new ad campaign for your photography supplies business. you use campaign manager 360 and want to work with a solution to measure app conversions, and you're also comfortable with coding. which solution should you select that meets your needs?

Answers

you're working on a new ad campaign for your photography supplies business. you use campaign manager 360 and want to work with a solution to measure app conversions- Firebase SDK.

Firebase SDK

Firebase will supply resources for your Firebase project automatically. When the procedure is finished, you'll be brought to the Firebase console's overview page for your Firebase project. If you are setting up a new project, you need to install the SDK for the language of your choice. The Firebase Admin Node.js SDK is available on npm.

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assume that there are 150,000 people in a target market, and over a four-week period, 37 percent of them watch a television ad for shampoo. what is the reach for the shampoo ad?

Answers

Assume that there are 150,000 people in a target market, and over a four-week period, 37 percent of them watch a television ad for shampoo. The reach for the shampoo ad is 55,500.

How to find the reach for the shampoo ad?

Using this formula to determine the reach for the shampoo ad

Reach for the shampoo ad = Number of people × Percentage of people that watched the ad

Let plug in the formula

Reach for the shampoo ad =  150,000 × .37

Reach for the shampoo ad = 55,500

Therefore the Reach for the shampoo ad  is 55,500.

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