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Snowcat
22 days ago
12

Like A Wrecking Ball is a demolition company. At the end of a project, they presented their client with an invoice for $18,000 a

nd immediately received a check for the full amount. What is the journal entry to record this receipt?
Business
1 answer:
arsen [2.9K]22 days ago
6 0

Answer:

Explanation:

The journal entry is presented beneath:

Cash A/c $18,000

    To Service revenue A/c $18,000

(Accountable for the receipt)

In this transaction, we debit the cash account because cash has been received and credit the service revenue since the service has been performed. Both entries are made for the amount of $18,000 to ensure accurate recording.

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If fixed costs increase, the break-even point in units will
arsen [2965]

If fixed costs rise, there will be an increase in the required number of units to break even.

The predetermined overhead rate is calculated as follows: $360,000 / 60,000 = $6 for each direct labor hour... The applied overhead for September amounts to $6 multiplied by 9,350, totaling $56,100. Thus, the overhead assigned to production for that month was $56,100.

I hope this information is beneficial, and now you understand how to approach it. Wishing you a fantastic and joyful day! Also, enjoy the remainder of Black History Month!:-)

- Cutiepatutie ☺❀❤

5 0
1 month ago
You reflect on your meeting with the midwestern division manager, and you think part of the problem has to do with goals. what c
Free_Kalibri [3151]
One potential solution to this problem is to create a framework that sets specific, demanding sales goals for each team member while also providing feedback on performance from their store manager.<span> This approach not only clarifies the expectations for each team member but also allows the collected data to help identify anyone who may need to be let go.
</span>
7 0
17 days ago
Matt Enterprises issued $200,000 of ten percent, five-year bonds with interest payable semiannually. Determine the issue price i
Free_Kalibri [3151]

Answer: The answers are:

A) $200,000.

B) $258,881.

C) $177,399.

Explanation: The values for the financial calculator are:

Future value = $ 200.000.

Payment = $ 200,000 x 0.10 = $ 20,000.

n = 5 x 2 = 10. (Semesters in 5 years).

YTM = (a) 10 percent, (b) 6 percent, and (c) 12 percent.

A) Present value = $200,000.

B) Present value = $258,881.

C) Present value = $177,399.

3 0
27 days ago
Do you dislike waiting in line? supermarket chain kroger has used computer simulation and information technology to reduce the a
Mariulka [3175]

Answer:

Part a:

Show the probability density function for the waiting times at Kroger, assuming they are exponentially distributed.

Solution:

Probability density function f(x) = (1/ )*e-x/  = (1/26)*e-x/26 (result)

Part b:

Calculate the probability that a customer waits between 15 and 30 seconds.

Solution:

0.2462

Part c:

Determine the probability that a customer must wait longer than 2 minutes.

Solution:

0.0099

Explanation:

All calculations are included.

3 0
1 month ago
The following cost and revenue information pertains to the new CD:
Free_Kalibri [3151]

Answer:

Details on Costs and Revenue associated with the new CD

e. None of the alternatives given

Explanation:

a) Data and Calculations:

Variable expenses:

Direct materials and labor:    $2.50/CD

Royalties for songwriters:          $0.70/CD

Royalties for recording artists: $2.00/CD

Overall variable cost                     $5.20/CD

Price for CD Distributor: $10.00/CD

Contribution margin                       $4.80/CD

Fixed Costs:

Costs for advertising & promotion:           $380,000

Overhead for Sony Records Inc.: $300,000

Total fixed expenses                         $680,000

To find the break-even point = Total fixed costs/Contribution per unit

= $680,000/$4.8 = 142,000 CDs

Given that they have sold 100,000 CDs

The increase is 42,000 (142,000 - 100,000)

This growth represents a 42% change = (42,000/100,000 * 100)

The shift in sales from 100,000 to 142,000 CDs required to reach break-even is a 42% increase.  None of the available choices from a to d provide the correct answer.

8 0
1 month ago
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