BUSINESS COLLEGE

Prepare general journal entries to record these transactions using the following titles: Cash (101); Accounts Receivable (106); Office Supplies (108); Office Equipment (163); Automobiles (164); Building (170); Land (172); Accounts Payable (201); Notes Payable (250); Common Stock (307); Dividends (319); Fees Earned (402); Salaries Expense (601); and Utilities Expense (602).

Answers

Answer 1
Answer:

Answer:

Eric Pense Journal Entries:

a. Dr Cash$23,000

Dr Office Equipment12,000

Cr Pense, Capital$35,000

b. Dr Land $8,000

Dr Building $33,000

Cr Cash$15,000

Cr Notes payable$26,000

c.Dr Supplies 600

Cr Accounts payable$600

d.Dr Automobile$7,000

Cr Capital$7,000

e.Dr Office Equipment$1,100

Cr Accounts payable$1,100

f.Dr Salary $800

Cr Cash$800

g.Dr Cash$2,700

Cr Fees Earned$2,700

h. Dr Utilities Expense$430

Cr Cash$430

i.Dr Account payable$600

Cr Cash$600

J. Dr Office Equipment $4,000

Cr Cash$4,000

k. Dr Accounts receivables$2,400

Cr Fees Earned$2,400

l. Dr Salary$800

Cr Cash$800

m. Dr Cash$1,000

Cr Accounts Receivable$1,000

n.Dr Pense, Withdrawal$1,050

Cr Cash$1,050

Explanation:
Answer 2
Answer:

Final answer:

To record the transactions using the given account titles, journal entries need to be prepared. Each transaction must be debited and credited to the appropriate accounts based on the nature of the transaction.

Explanation:

In order to record the transactions provided, journal entries need to be prepared using the given account titles. Here is an example of how to record a transaction using these accounts:

  1. On June 1, the company received $5,000 cash from a customer as payment for services rendered.
  2. The journal entry to record this transaction would be:
  3. Debit: Cash (101) $5,000
  4. Credit: Fees Earned (402) $5,000

Continue the same process for all other transactions, making sure to debit and credit the appropriate accounts based on the nature of the transaction. Use the given account numbers to assign each entry to the correct account.

Overall, journal entries are used to record the financial transactions of a business, showing how money is received or spent and the impact on various accounts.

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Donkey-Kong Corporation manufactured 30,000 ice chests during August. The overhead cost-allocation base was $12 per machine-hour. The following variable overhead data pertain to September: Budgeted Actual
Production 30,000 units 24,000 units
Machine-hours 15,000 hours 10,800 hours
Variable overhead cost per machine-hour: $12.00 $11.25

What is the variable overhead efficiency variance?

a. 51890 favorable
b. $34,830 unfavorable
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e. 512.240 unfavorable

Answers

Answer:

Variable overhead efficiency variance= $14,400 favorable

Explanation:

Giving the following information:

Budgeted Actual

Production 30,000 units 24,000 units

Machine-hours 15,000 hours 10,800 hours

Variable overhead cost per machine-hour: $12.00 $11.25

To calculate the variable overhead efficiency variance, we need to use the following formula:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (12,000 - 10,800)*12

Variable overhead efficiency variance= $14,400 favorable

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a) motivation.
b) organizational citizenship behaviors (OCB).
c) ethical sensitivity.
d) ability.

Answers

Answer:

d) ability

Explanation:

Based on the information provided regarding the scenario at hand it seems that Dave is trying to improve his employees' abilities and role-perception. Dave wants this training to allow his employees to gain the knowledge of how to operate correctly and efficiently during work-hours in order to increase overall performance and at the same time customer satisfaction.

Engineers at New Generations Computer Company provided three design approaches for the new keyboard the company was planning to produce and sell. Designers got together and used a problem solving approach called ________, in which they analyzed each approach on its advantages, disadvantages and implications to finalize their selection.

Answers

Answer:

PMI approach = Plus, minus, and interesting

Explanation:

It basically practices the approach to provide validation to all the views of people in discussion, and then, choosing the right alternative.

As different people have different views, it signifies that after considering all the views, decision shall be made as to what the pros and cons and alternatives for the current decision, or project chosen.

It provides a proper and detailed evaluation of the decision through lateral thinking, and keeping an unbiased opinion.

Final answer:

The engineers followed a problem-solving approach, using a combination of strategy, solution, and significance to make a final decision. It required analytical intelligence and some creativity to arrive at the final design. This approach was systematic and perfect for making complex decisions.

Explanation:

The approach that the New Generations Computer Company used is known as a problem-solving approach. It involves a three-stage process wherein the engineers analyzed each design based on a certain strategy, finding a solution, and evaluating the significance, i.e. implications of each of their decision. These steps ensure that the final product is effective, efficient, and meaningful. This approach requires analytical intelligence, with a dash of creativity and insight for a much more meaningful output. The process also involves identifying knowns and unknowns and thorough checking if the design is plausible. Overall, it's a systematic way of making complex decisions, perfect for scenarios such as designing a new product.

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yes or no?

Answers

Answer:

The Answer is gonna be Yes

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Answers

Answer:

True

Explanation:

Given a certain production level, cost minimization is equal to product maximization. Cost minimization refers to the production level where average total cost per unit is lowest. On the other hand, production maximization refers to maximizing product output given certain restraints, e.g. amount of raw materials, number of labor hours, etc. Product maximization basically refers to the efficiency of production.

If someone can achieve product maximization and cost minimization, they should be maximizing profit.

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Answers

Answer:

The answer is True

Explanation:
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