Answers
Answer:
using supplies
Explanation:
An expense can be described as cost incurred by a company in a bid to earn revenue.
When supplies are used no explicit cost is incurred in the process so it doesn't qualify as an expense.
I hope my answer helps you
Expenses include making a payment on account, using supplies, and paying wages for production workers for work performed during the current period.
What is not considered an expense?
However, paying for electricity used during the current period is not considered an expense. Instead, it is categorized as an operating cost or utility cost.
Expenses typically refer to the costs incurred by a business in its day-to-day operations, such as purchasing inventory, paying wages, or using supplies.
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Related Questions
The annual interest rate on a credit card is 17.99%. If a payment of $200.00 ismade each month, how many months will it take to pay off an unpaid balance of$2,470.04?
Pearl, Inc., has offered $422 million cash for all of the common stock in Jam Corporation. Based on recent market information, Jam is worth $391 million as an independent operation. If the merger makes economic sense for Pearl, what is the minimum estimated value of the synergistic benefits from the merger? (Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
Which of the following factors has the LEAST influence on an individual’s core belief system? a. Physical appearance c. Religious background d. Family upbringing e. Life experiences Personality
true false greater than 11 percent a bond with an $100 annual interest payment with five years to maturity would sell for a premium if interest rates were below 9 percent
Original purchase cost $15,230 $25,080
Accumulated depreciation $ 6,800 _
Estimated annual operating costs $24,950 $19,560
Useful life 5 years 5 years
If sold now, the current machine would have a salvage value of $8,490. If operated for the remainder of its useful life, the current machine would have zero salvage value. The new machine is expected to have zero salvage value after 5 years.
Prepare an incremental analysis. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Answers
Answer:
The incremental cost is ($10,360)
Explanation:
Analysis of total cost over the 5 year period
Retain Old Machine Buy New Machine
Variable / Incremental Operating
Costs
Old Machine 124,750
New Machine 97,800
Old Machine Book Value
Retain: Annual depreciation 8,430
Buy : Lump sum written off 8,430
Old Machine Disposal (8,490)
Purchase Cost of New Machine 25,080
Total Cost 133,180 122,820
The use of new machine will result in lower cost for the next 5 years.The incremental cost is ($10,360)
Answers
Answer:
The correct answer is letter "A": total value from trade in a market.
Explanation:
Canadian economist Alex Tabarrok (born in 1966) explains social surplus as the sum of consumer surplus, producer surplus, and bystanders surplus. Tabarrok takes an integrative approach in consumer surplus by stating social surplus encompasses every economic trade in the market rather than only consumers and producers surplus.
Besides, Tabarrok believes when there are major external costs or benefits, the market will not reach its social surplus.
Final answer:
Social surplus is the combination of consumer surplus and producer surplus, taking into account the price that consumers are willing to pay based on their preferences, and the price that producers are willing to sell their product at, based on their costs.
Explanation:
The question asked here is: Social surplus is the ____________. The correct answer to this question is that social surplus is the sum of consumer surplus and producer surplus. This concept falls under economic principles. Consumer surplus is the difference between the price that consumers are willing to pay based on their preferences, and the actual market equilibrium price. On the other hand, producer surplus is the gap between the price at which producers are willing to sell a product, based on their costs, and the market equilibrium price. Combining both these surpluses gives the social surplus.
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Instructions
a. Prepare the entry to record the factory labor costs for the month of January.
b. Prepare the entry to assign factory labor to production.
(Weygandt, 12/2017, p. 20-31) Weygandt, J. J., Kimmel, P. D., Kieso, D. E. (2017). Accounting Principles, 13th Edition. [[VitalSource Bookshelf version]]. Retrieved from vbk://9781119411017 Always check citation for accuracy before use.
Answers
Answer:
a. Date Account Titles and Explanation Debit Credit
Factory labor $90,000
Factory wages payable $76,000
Employer payroll taxes payable $8,000
Employer fringe benefits payable $6,000
b. The entry to assign factory labor to production is the following
Date Account Titles and Explanation Debit Credit
Work in process inventory $76,500
(85% of $90,000)
Manufacturing overhead $13,500
(15% of $90,000)
Factory labor $90,000
Cash ________________$
What is the value of the current assets?
Current assets ______________$
Answers
Answer:
Cash $705
Current Assets $6,195
Explanation:
Equity $13,505
Long-term debt $8,800
Net working capital, other than cash, $3,620.
Fixed assets are $17,980
Current liabilities are $1,870.
Net Working capital is the Net value of Current and Current Liabilities.
We need to calculate current assets with cash first.
As we know
Assets = Equity + Liability
Fixed Assets + Current Assets = Equity + Long Term Liability + Current Liability
$17,980 + Current Assets = $13,505 + $8,800 + $1,870
Current Assets = $24,175 - $17,980 = $6,195
Net Working Capital = Current Assets - Current Liabilities
$3,620 = Current Assets - $1,870
Current Assetsother than cash = $3,620 + $1,870
Current Assets other than cash = $5,490
Cash Value = Total Current Assets - Current Assets other than cash = $6,195 - $5,490 = $705
Final answer:
Cori's Corp has $705 in cash and $4,325 in current assets. This is calculated using the formula: Cash = Equity value + Long-term debt - Fixed assets - Net working capital (excluding cash), and then adding the calculated cash to the net working capital to get the current assets.
Explanation:
To calculate the cash of the company, you need to use the following formula: Cash = Equity value + Long-term debt - Fixed assets - Net working capital (excluding cash).
So the cash Cori's Corp. has would be: Cash = $13,505 + $8,800 - $17,980 - $3,620 = $705.
Next, the total current assets would be the sum of the Net Working Capital and cash. In this case, current assets = Net working capital + Cash = $3,620 + $705 = $4,325.
Hence, Cori's Corp has $705 in cash and $4,325 in current assets.
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Answers
Answer:
It is a binomial experiment.
A success is a worker saying that the economy forced him to reduce the amount of vacation you plan to take this year.
The random variable x can assume any value from 0 to 20, inclusive.
Explanation:
For the question that is asked to the workers( "Has the economy forced you to reduce the amount of vacation you plan to take this year?") there are two possible answers, only two possible outcomes. So yes, it is a binomial experiment.
If it is, identify a success, specify the values of n, p, and q, and list the possible values of the random variable x.
A success is a worker saying that the economy forced him to reduce the amount of vacation you plan to take this year.
n is the amount of workers that participate in the survey. So
p is the decimal probability of a success. Forty-six percent of those surveyed say they are reducing the amount of vacation. So
q is the decimal probability of a failure. The sum of the probability of a failure and a success must be decimal 1. So
The values of the random variable x are the number of workers that say they are reducing their amount of vacation. 20 workers are surveyed, so the random variable x can assume any value from 0 to 20, inclusive.
$277,062
B.
$252,838
C.
$113,550
D.
$163,512
Answers
Answer:
D.$163,512
Explanation:
Depletion expense is a charge against profits for the use of natural resources.
Depletion rate = cost to purchase resource/ number of units = $530,000/ 35,000 tons = $15.14 per ton
Depletion expense for 2019 = Depletion rate * number of units extracted and sold in 2019 = $15.14 * 10,800 = $163,512