Answer:
c. Assets = Liabilities + Equity
Explanation:
Assets = Liabilities + shareholders equity is also known as the balance sheet equation.
It is the basis for the double-entry bookkeeping system
Answer:
b. $1,500
Explanation:
The computation of the total amount of manufacturing overhead is shown below:
= Assembly department + Fabrication department
where,
Assembly department equals to
= $30 × 40 machine hours
= $1,200
Fabrication department would be
= $12 × 25 direct labor hour
= $300
So, the total manufacturing overhead would be
= $1,200 + $300
= $1,500
Answer:
No of stock = 1100
Price of Stock = 29
Short sale = 31900
Initial Margin % = 55%
Initial Margin = 17545
Total value = 49445
The earnings of the sale is 31900, which is deposited in our account for a total account value of $49,445 (31900+55%)
Maintenance Margin = 40%
Margin Call Value = 49445/ (1+0.4)
Margin Call Value = 35317.86
Price per share = 35317.86 / 1100
Price per share = 32.11
So a margin call will be triggered when the price of the shorted security rises to $32.11
Margin Call Price = 32.11
Account Equity = 32.11*1100
Account Equity = 35318
Answer:
Explanation:
Manufacturing overhead records all the expenses like salaries payable which come under indirect labor. Manufacturing overhead includes all those indirect costs which are related to the factory-like - factory rent, factory repairs, depreciation on factory equipment, property taxes
For recognized expense, the journal entry would be
Factory overhead A.c Dr
To Expenses A/c
(Being expense recognized)
Since the cost is actually incurred so this above entry should be made
And, the journal entry for applied overhead is shown below
Work in progress inventory A/c Dr XXXXX
To Factory overhead A/c XXXXX
(Being overhead applied is recorded)
Since applied overhead is based on predetermined overhead rate so we credit the factory overhead and debit the work in progress inventory
Answer:
The answer is downward communication (Option B)
Explanation:
Downward communication is said to have taken place when information is relayed from superiors to subordinates. In other words, it is the kind of information that flows from people at the top of an organization structure (superior) to those at the bottom (subordinates).
Teresa (in the question) belongs to the top of her business or company (Plant Fantasies). She carried out downward communication by informing her employees (subordinates) in the flower department about landscape design requirements.
Downward communication could be oral or written. The oral takes the form of meetings, speeches and telephonic conversations e.t.c. On the other hand, the written takes the form of electronic displays, manuals, handbook, manuals, notices e.t.c.
