Answer:Danielle relies on summer earnings to fund her next year at the university. When she tried to get her old high school summer job back at local Cool Rags Clothier, she learned that the manager no longer hires college students during the summer months. Which of the following strategies do you recommend that Danielle pursue?Answer C
Answer:
December 31
Dr Pension expense $182,100
Cr Unfunded pension Liabiltiy $182,100
January 15
Dr Unfunded pension Liabiltiy $182,100
Cr Cash $182,100
Explanation:
Preparation of the entry to record the accrued pension liability payment to the funding agent on January 15
December 31
Dr Pension expense $182,100
Cr Unfunded pension Liabiltiy $182,100
(Being to record quarterly pension Liabiltiy)
January 15
Dr Unfunded pension Liabiltiy $182,100
Cr Cash $182,100
( Being to record the accrued pension liability payment to the funding agent)
Based on the direct materials, the direct labor, and the manufacturing overhead, the cost of finished goods on hand is $33,600.
<h3>What is the cost of finished goods on hand for this job?</h3><h3 />
Cost of goods on hand is:
= Cost of goods per unit x Number of goods on hand
Cost of goods per unit is:
= (44,000 + 24,000 + 16,000) / 3,000 units
= $28 per unit
Cost of goods on hand:
= 28 x (3,000 - 1,800)
= $33,600
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Insufficient funds and irregular signatures are reasons why a cheque may not be cleared in time.
<h3>What is a Cheque?</h3>
This can be defined as a written, dated, and signed instrument which directs a bank to pay a specific sum of money to the bearer.
Insufficient funds and irregular signatures may delay the clearing of cheque which is a result of human error and could lead to returning it.
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