Do you think that Rise of China is inevitable or it may collapse like any other authoritarian regimes including former the Soviet Union and East European Countries?​​

Answers

Answer 1

Answer:

China will not collapse like the USSR or Eastern European countries.

They are heavily invested in Africa. They have the means to continue to produce goods. They have cheap labor that other countries continue to use.

China plans their economic goals and priorities decades in advance.

The Soviet Union was never an economic super power.


Related Questions

A job description should be?


A. Considered a guide.

B. Followed to the letter.

C. Created in the interview.

Answers

Explanation:

C. Created in the interview.

hope this helps you

have a nice day:)

Which of the following is the most common way to search any website or search engine?
A. Topic search
B. Keyword search
C. Boolean logic
D. Plain language search

Answers

Answer:

D. Plain language search

Answer:

b

Explanation:

type the web address and the website you want to find

The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation achieves the budgeted level of sales, what will be its margin of safety in dollars? (Do not round Intermediate calculations.): $1,020,000 8 08:49 Sales (51,000 units) Costs: Direct materials Direct labor Fixed factory overhead Variable factory overhead Fixed marketing costs Variable marketing costs Pretax income $278, 800 240, 100 100, 500 150, 100 119, 100 50, 100 929,700 90,300
a. $150300
b. $305302
c. $169,831
d. S234282
e. $327,539

Answers

Answer:

The correct option is 306,102 (i.e. the second option in the attached pdf file.). That is, the margin of safety is $306,102.

Explanation:

Note: This question contains some errors and its data are merged together. The original sorted question is therefor provided before answering the question. See the attached pdf file for the complete sorted question.

The explanation of the answers is now provided as follows:

Actual dollar sales = $1,020,000

Variable cost = Direct materials + Direct labor + Variable factory overhead + Variable marketing costs = $278,800 + $240,100 + $150,100 + $50,100 = $719,100

Contribution margin = Actual dollar Sales - Variable cost = $1,020,000 - $719,100 = $300,900

Contribution margin ratio = Contribution margin / Actual dollar sales = $300,900 / $1,020,000 = 0.295, or 29.50%

Fixed Cost = Fixed factory overhead + Fixed marketing costs = $100,500 + $110,100 = $210,600

Breakeven point in dollar dales = Fixed Cost / Contribution margin ratio = $210,600 / 29.50% = $713,898

Margin of safety = Actual dollar sales - Breakeven point in dollar dales = $1,020,000 - $713,898 = $306,102

From the attached pdf file, the correct option is 306,102 (i.e. the second option in the attached pdf file.). That is, the margin of safety is $306,102.

type of power based on manager's ability to influence employees with something of value to them.​

Answers

Answer:

incentive or reward

Explanation:

incentive pay, time and a half pay for overtime are examples

Estimated inventory (units), May 1 19,800 Desired inventory (units), May 31 19,400 Expected sales volume (units): Area W 6,600 Area X 10,000 Area Y 7,500 Unit sales price $13.00 The number of units expected to be sold in May is a.24,100 b.28,920 c.21,690 d.14,100

Answers

Answer:

a.24,100

Explanation:

The computation of the no of units expected to be sold is given below:

= expected sales volume units

= 6,600 units + 10,000 units + 7,500 units

= 24,100 units

Hence, the no of units expected to be sold is 24,100 units

hence, the correct option is a.

Zhang Industries is preparing a cash budget for June. The company has $25,000 cash at the beginning of June and anticipates $95,000 in cash receipts and $111,290 in cash disbursements during June. The company has no loans outstanding on June 1. Compute the amount the company must borrow, if any, to maintain a $20,000 cash balance. Multiple Choice $11,290. $28,710. $12,290. $6,290. $16,290.

Answers

Answer:

$11,290

Explanation:

The computation of the amount that should be borrowed is given below:

Opening cash balance         $25,000.00

Add Cash Receipts             95,000.00

Less Cash Disbursements        (111,290.00)

Balance before adjustment 8,710.00

Desired ending cash balance  20,000.00

Amount to be borrowed  11,290.00

Hence, the first option is correct

Scooter wishes to sell a bond that has a face value of $919. The bond bears an interest rate of 6.01% with bond interest payable quarterly. Three years ago, $1,221 was paid for the bond. At least a 12.68% return (yield) on the investment is desired. The quarterly bond interest payment that Scooter received is:

Answers

Answer:

Scooter

The quarterly bond interest payment that Scooter received is:

= $13.81.

Explanation:

a) Data and Calculations:

Face value of bond bought = $919

Price of the bond three years ago =              $1,221

Premium paid on the bond =        $302 ($1,221 - $919)

Annual coupon interest rate = 6.01%

Annual return (yield) rate = 12.68%

Interest receivable = quarterly or four times per year

Quarterly bond interest = $13.81 ($919 * 6.01% * 1/4)

Zisk Co. purchases raw materials on account Budgeted purchase amounts are April, $80,000, May, $110,000, and June, $120,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $22,000. Prepare a schedule of budgeted cash payments for April, May, and June. (I need ending accounts payable)

Answers

Answer:

A schedule of cash payments for April, May, and June is prepared.

Explanation:

The following image shows the calculation and explanation of the cash payment schedule.

ecember 31 of each year. Rupar accounts for the bonds as a held-to-maturity investment, and uses the effective interest method. In Rupar's December 31, 2021, journal entry to record the second period of interest, Rupar would record a credit to interest revenue of:

Answers

Answer:

$3,372.60

Explanation:

Full question "On January 1, 2021, Rupar Retailers purchased $100,000 of Anand Company bonds at a discount of $4,000. The Anand bonds pay 6% interest but were purchased when the market interest rate was 7% for bonds of similar risk and maturity. The bonds pay interest semiannually on June 30 and December 31 of each year. Rupar accounts for the bonds as a held-to-maturity investment, and uses the effective interest method. In Rupar's December 31, 2021, journal entry to record the second period of interest, Rupar would record a credit to interest revenue of:"

FV of the bond = $100,000

Coupon rate = 6% = 6%/2 = 3%

Effective rate = 7% = 7%/2 = 3.5%

Purchase Price of the Bond = $100,000 - $4,000

Purchase Price of the Bond = 96,000

First interest

Cash interest = 100,000*3% = $3,000

interest Revenue = 96,000*3.5% = $3,360

Discount Amortized = interest Revenue - Cash interest = $3360 - $3,000 = $360

Carrying Value of the Bond = Purchase Price of the Bond + Discount Amortized = $96,000 + $360 = $96,360

Second interest

Interest Revenue = Carrying Value * Effective interest Rate

Interest Revenue = $96,360 * 3.5%

Interest Revenue = $3,372.60

So, for the second period of interest, Rupar would record a credit to interest revenue of $3,372.60

Which 3 types of customer statements can QuickBooks Online generate?

Answers

Answer:

There are three types of customer statements in QuickBooks Online.

- Balance Forward: A list of invoices and payments with balance for date range selected.

- Open Item: A list of open, unpaid invoices from the last 365 days.

- Transaction Statement: A list of transactions between the selected dates.

I hope this help you! If it help you please mark me brainlest! Thank you! Have a great day! :)

During 2015, Orton Company earned net income of $464,000 which included deprecia-tion expense of $78,000. In addition, the company experienced the following changes in the account balances listed below:
Increases Decreases
Accounts payable $45,000 Accounts receivable $12,000
Inventory 36,000 Accrued liabilities 24,000
Prepaid insurance 33,000
Calculate net cash flow from operating activities using indirect method:______.

Answers

Answer:

$572,000

Explanation:

Cash flow from operating activities

Net income                                                                             $464,000

Adjustment for Non-Cash items :

Depreciation                                                                             $78,000

Adjustment for Changes in Working Capital items :

Increase in Accounts payable                                                $45,000

Increase in Inventory                                                             ($36,000)

Decrease in Accounts receivable                                           $12,000

Decrease in Accrued liabilities                                              ($24,000)

Decrease in Prepaid insurance                                               $33,000

Net cash flow provided by  operating activities                  $572,000

thus,

net cash flow from operating activities using indirect method is  $572,000.

Item10 1 points Time Remaining 50 minutes 15 seconds00:50:15 Item 10 Time Remaining 50 minutes 15 seconds00:50:15 A long-term asset is recorded at the: Multiple Choice Additional costs to get the asset ready for use. Cost of the asset. Cost of the asset less all costs necessary to the asset ready for use. Cost of the asset plus all costs necessary to the asset ready for use.

Answers

Answer:

Cost of the asset plus all costs necessary to the asset ready for use.

Explanation:

The long term asset such as plant & machinery, land & buildings, furniture & fixtures, goodwill, copyrights,patent should be recorded at the cost price also the cost that are required and relevant to the asset for the purpose of ready it for usage are also involved

So as per the given situation, the last option is correct

And, the same should be considered

Joyce Murphy runs a courier service in downtown Seattle. She charges clients $0.50 per mile driven. Joyce has determined that if she drives 3,300 miles in a month, her total operating cost is $875. If she drives 4,400 miles in a month, her total operating cost is $1,095. Joyce has used the high-low method to determine that her monthly cost equation is: total monthly cost = $215 + $0.20 per mile driven.
1. Determine how many miles Joyce needs to drive to break even.
2. Calculate Joyce's degree of operating leverage if she drives 4, 200 miles.
3. Suppose Joyce took a week off and her sales for the month decreased by 25 percent. Using the degree of operating leverage, calculate the effect this will have on her profit for that month.

Answers

Answer and Explanation:

The computation is given below:

1.

Given that

Charges per mile = $0.50

Variable Cost per mile driven = $0.20

Fixed Cost = $215

So,  

Contribution Margin per mile = Charges per mile - Variable Cost per mile driven

$0.50 - $0.20

= $0.30

Break-even units (in miles) = Fixed Cost ÷ Contribution Margin per mile

= $215 ÷ $0.30

= 717 miles

2.

Revenue for 4,200 miles is

= $0.50 × 4,200

= $2,100

And,

Variable Cost = $0.20 × 4,200

= $840

Now

Contribution Margin = Revenue - Variable Cost

= $2,100 - $840

= $1,260

And,

Fixed Cost = $215

So,

Net Income = Revenue - Variable Cost - Fixed Cost

= $2,100 - $840 - $215

= $1,045

So,  

Degree of Operating Leverage = Contribution Margin ÷ Net Income

= $1,260 ÷ $1,045

= 1.2057

3.

Degree of Operating Leverage = % Change in Net Income ÷ % Change in Sales

1.2057 = % Change in Net Income ÷ -25%

1.2057 = % Change in Net Income ÷ -0.25

% Change in Net Income = -0.301425

= -30.1425%

Lewis Company's standard labor cost of producing one unit of Product DD is 3.3 hours at the rate of $12.4 per hour. During August, 43,900 hours of labor are incurred at a cost of $12.60 per hour to produce 13,100 units of Product DD.
1. Compute the total labor variance.
2. Compute the labor price and quantity variances.
3. Compute the labor price and quantity variances, assuming the standard is 3.7 hours of direct labor at $12.70 per hour.

Answers

Answer:

Compute the total labor variance.

Explanation:

Gomez argues that we need to increase the nation's output. Chang contends that our top priority should be a more equal distribution of income and output. It can be correctly stated that these two goals are:
A. essentially unrelated.
B. complementary because the realization of one will promote fulfillment of the other.
C. at least partially competing because the redistribution of income might impair incentives to work and produce.
D. complementary because a more equal distribution of income always promotes economic growth.

Answers

Answer:

I can't understand the question

Suppose during 2014, Cypress Semiconductor Corporation reported net cash provided by operating activities of $89,063,000, cash used in investing of $43,133,000, and cash used in financing of $7,359,000. In addition, cash spent for fixed assets during the period was $25,900,000. Average current liabilities were $257,933,000, and average total liabilities were $280,651,000. No dividends were paid.
Free cash flow equals?

Answers

what’s the question?

trình bày các vai trò của đạo đức kinh doanh trong phát triển doanh nghiệp

Answers

Answer:

Explanation:

Trung thực: Tính trung thực trong đạo đức kinh doanh thể hiện ở chỗ không buôn bán, sản xuất những mặt hàng nhà nước cấm, không dùng các chiêu trò dối trá để đạt được lợi ích của mình, không trốn thuế, làm ăn phi pháp; không tham ô, hối lộ; trung thành chấp hành đúng quy định của pháp luật…

Tôn trọng con người: Tôn trọng con người bao gồm tôn trọng nhân viên, đối tác khách hàng, đối thủ cũng như tất cả những người làm việc cùng với mình

Đạo đức kinh doanh gắn liền lợi ích của công ty doanh nghiệp với lợi ích chung của khách hàng và trách nhiệm đối với xã hội

Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the lease will be $2,468. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. If the discount rate is 5%, the present value of the lease payments is closest to :___________

Answers

Answer:

$12,528

Explanation:

The computation of the present value of the lease payment is given below:

= annual payment × PVIFA factor for 6 years at 5%

= $2,468 × 5.0757

= $12,528

We simply multiply the annual payment with the pVIFA factor so that the  present value of the lease payment could come

Bolka Corporation, a merchandising company, reported the following results for October: Sales $ 407,000 Cost of goods sold (all variable) $ 173,400 Total variable selling expense $ 20,400 Total fixed selling expense $ 22,200 Total variable administrative expense $ 14,800 Total fixed administrative expense $ 39,700 The contribution margin for October is: Multiple Choice $198,400 $233,600 $136,500 $345,100

Answers

Answer:

the   contribution margin for October is $198,400

Explanation:

The computation of the  contribution margin for October is given below:

= Sales - Cost of goods sold (all variable) -  Total variable selling expense - Total variable administrative expense

= $407,000 - $173,400 - $20,400 - $14,800

= $198,400

Hence, the   contribution margin for October is $198,400

Therefore the first option is correct

And, the same should be considered

Country A has a GDP of $4,600 in Country A dollars, and Country B has a GDP of $2,400 in Country B dollars. If the exchange rate is 1.5 Country B dollars to 1 Country A dollar, what is Country B's GDP in Country A dollars

Answers

Answer: Country A $1,600

Explanation:

Country A's currency is stronger than Country B's which is why Country B needs more of its currency to buy a single unit of Currency A.

You can use direct proportion to find out Country B's GDP in Country A dollars

Country B currency to Country A

1.5       :   1

2,400 :   x

1.5x = 2,400

x = 2,400 / 1.5

= Country A $1,600

Jack is a married male, while John is single. Your company has an assignment in a branch in Mexico that would last a couple of years. Management feels that John would be better for this assignment because he is single and is free to move. Is this decision fair?

Answers

yes, however we aren’t given a lot of details on the circumstance. For example, John might have another job and/or children. While Jack had no kids and wife doesn’t have a job

No, It is an unfair decision by an employer to discriminate based on an applicant's marital status or perceived marital status. Although in contradict to this situation there is evidence that employers prefer and promote men who are married with children, especially compared to their childless male peers and to mothers as married men are often seen as more responsible and dedicated workers.

What is a marital status?

Civil status, or marital status, are the distinct options that describe a person's relationship with a significant other. Married, single, divorced, and widowed are examples of civil status. Whether or not marital status discrimination is illegal depends on the laws of your state. Federal law doesn't prohibit discrimination on the basis of an employee's or applicant's marital status. However, almost half of the states and the District of Columbia have outlawed this type of discrimination Employers in California are prohibited from asking certain types of questions during a job interview. This includes questions about an applicant's race, religion, or marital status.

To learn more about marital status, refer here :

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Explain the importance of technical education providing organization in nepal. plz say simple and correct answer. ​

Answers

Most important education systems for employment generation. With vocational and soft skills, people can enhance their competency, thereby increasing their chances of securing a job.

Ivanhoe Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,380 per month. One of the barbers serves as the manager and receives an extra $535 per month. In addition to the base rate, each barber also receives a commission of $3.75 per haircut.
Other costs are as follows.
Advertising $270 per month
Rent $1,010 per month
Barber supplies $0.50 per haircut
Utilities $160 per month plus $0.15 per haircut
Magazines $35 per month
Ivanhoe currently charges $11 per haircut.
Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.)
Total variable cost per haircut
$enter a dollar amount rounded to 2 decimal places
Total fixed
$enter a dollar amount
eTextbook and Media
Compute the break-even point in units and dollars.
Break-even point
enter the Break-even point in units
haircuts
Break even sales
$enter the Break-even sales in dollars
eTextbook and Media
Determine net income, assuming 1,670 haircuts are given in a month.
Net income / (Loss)
$enter net income in dollars

Answers

Answer:

Fredonia Barber Shop

a. Variable costs per haircut = $4.40

   Total monthly fixed costs = $8,910

b. Break-even point in units = 1,350

Break-even point in sales dollars = $14,850

Net income with 1,670 haircuts = $2,120

Explanation:

a) Data and Calculations:

Fixed costs:

Wages of barbers per month =    $6,900 ($1,380 * 5)

Manager's allowance per month = $535

Advertising per month =                 $270

Rent per month =                           $1,010

Utilities per month =                        $160

Magazines per month =                   $35

Total fixed costs per month =     $8,910

Ivanhoe currently charges $11 per haircut.

Variable costs per haircut:

Commission per haircut =       $3.75

Barber supplies per haircut = $0.50

Utilities per haircut =                $0.15

Total variable costs per unit   $4.40

Contribution margin per haircut = $6.60 ($11 - $4.40)

Contribution margin ratio = 0.6

Break-even point in units = $8,910/$6.60 = 1,350

Break-even point in sales dollars = $8,910/0.6 = $14,850

Net income assuming 1,670 haircuts for a month:

Sales revenue = $18,370 ($11 * 1,670)

Variable costs =     7,340 ($4.40 * 1,670)

Contribution       $11,030

Fixed costs            8,910

Net income         $2,120

Suppose a stock had an initial price of $72 per share, paid a dividend of $2.60 per share during the year, and had an ending share price of $59. Compute the percentage total return. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) What was the dividend yield and the capital gains yield

Answers

Answer:

a. −14.44%

b.Dividend yield 3.61%

Capital gains yield −18.06%

Explanation:

a.Computation for the percentage total return

R = ($59 - 72 + 2.60) / $72

R = −.1444*100

R= −14.44%

Therefore the percentage total return is −14.44%

b. Calculation to determine the dividend yield and the capital gains yield

Dividend yield = $2.60 / $72

Dividend yield = .0361*100

Dividend yield =3.61%

Capital gains yield = ($59 - 72) / $72

Capital gains yield = −.1806*100

Capital gains yield =−18.06%

Therefore the dividend yield and the capital gains yield are :

Dividend yield 3.61%

Capital gains yield −18.06%

Retained earnings, December 31, 2013 $342,700
Cost of buildings purchased during 2014 44,100
Net income for the year ended December 31, 2014 56,200
Dividends declared and paid in 2014 32,800
Increase in cash balance from January 1, 2014, to December 31, 2014 22,700
Increase in long-term debt in 2014 45,300
Required:
Calculate the Retained Earnings balance as of December 31, 2014.

Answers

Answer:

the  ending retained earning balance is $366,100

Explanation:

The computation of the ending retained earning balance is given below:

= Opening balance of retained earnings + net income - dividend paid

= $342,700 + $56,200 - $32,800

= $366,100

Hence, the  ending retained earning balance is $366,100

The same should be considered and relevant

Suppose that you have generated the estimates listed below from a pro forma analysis for a company that had requested a three year loan. The loan is a $1.5 million term loan with the equal annual payments of principals. The P&I payments are due at the end of each year with the annual interest rate = Prime rate + 2%.
Yr.1 Yr. 2 Yr. 3
Capital expenditure 250,000 125,000 75,000
Cash dividends 140,000 140,000 140,000
Cash flow from operations before
interest expense 750,000 780,000 800,000
Assuming the Prime rate = 8% each year. What will be the interest payment at year 2?
a. 25,000.
b. 50,000.
c. 100,000.
d. 150,000.
e. 200,000.

Answers

The answer is "Option c" and its calculation can be defined as follows:

Calculation:

Year                To be paid in principal       Paid Interest             Paid Principal [tex]1\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$1,500,000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$150,000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$500,000\\\\2\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$1,000,000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$100,000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$500,000\\\\3\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$500,000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$50,000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$500,000[/tex]

That's why "Option c" is the only correct choice.

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Staind, Inc., has 11 percent coupon bonds on the market that have 12 years left to maturity. The bonds make semiannual payments. If the YTM on these bonds is 11 percent, what is the current bond price

Answers

Answer: $1,000

Explanation:

When the coupon rate of a bond is the same as its yield, the price of the bond will be the face value of the bond regardless of the period of compounding or the number of years left to maturity.

As the face value of most bonds is usually $1,000, we can surmise that the price of Staind bonds is $1,000 because its coupon rate of 11% is the same as its yield.

As part of a strategic planning process, Midwest Power's senior executives determined positive findings from their SWOT analysis: (1) New regulations will
provide tax credits for renewable ("green") power sources. (2) Their customers will pay higher prices for green power. (3) A competing power utility that
owns renewable power sources is struggling and might be a target to be acquired by Midwest Power. (4) As compared to their competitors, Midwest
Power's management team is one of the best in the industry. A strength of Midwest Power, per the SWOT analysis, is that

Answers

Answer:

4) As compared to their competitors, Midwest  Power's management team is one of the best in the industry.

Explanation:

The strategic planning process is a documentation that establishes a direction for the small business by assenting where you are asserts the mission and mission along with the long term goals.

Arndt, Inc. reported the following for 2021 and 2022 ($ in millions):
2021 2022
Revenues 888 980
Expenses 760 800
Pretax accounting income (income statement) 128 180
Taxable income (tax return) 116 200
Tax rate: 25%
a. Expenses each year include $30 million from a two-year casualty insurance policy purchased in 2021 for $60 million. The cost is tax deductible in 2021.
b. Expenses include $2 million insurance premiums each year for life insurance on key executives.
c. Arndt sells one-year subscriptions to a weekly journal. Subscription sales collected and taxable in 2021 and 2022 were $33 million and $35 million, respectively. Subscriptions included in 2021 and 2022 financial reporting revenues were $25 million ($10 million collected in 2020 but not recognized as revenue until 2021) and $33 million, respectively. Hint. View this as two temporary differences-one reversing in 2021; one originating in 2021.
d. 2021 expenses included a $14 million unrealized loss from reducing investments (classified as trading securities) to fair value. The investments were sold and the loss realized in 2022.
e. During 2020, accounting income included an estimated loss of $6 million from having accrued a loss contingency. The loss was paid in 2021, at which time it is tax deductible.
f. At January 1, 2021, Arndt had a deferred tax asset of $4 million and no deferred tax liability.
Required:
1. Which of the five differences described in items a-e are temporary and which are permanent differences?
2. Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. Using the schedule, prepare the necessary journal entry to record income taxes for 2022.
3. Prepare a schedule that reconciles the difference between pretax accounting income and taxable income. (Amounts to be deducted should be indicated with a minus sign.

Answers

iequie   nswer:q

Explanation:

traduce soloo se me tosquiero pun

During April, Cavy Company incurred factory overhead as follows:

Indirect materials $11,600
Factory supervision labor 3,700
Utilities 500
Depreciation (factory) 600
Small tools 230
Equipment rental 720

Journalize the entry to record the factory overhead incurred during April.

Answers

Answer and Explanation:

The journal entry is given below:

Factory Overhead  $17,350

   Materials $11,600

   Wages Payable  $3,700

   Utilities payable  $500

   Accumulated Depreciation $600

   Small tools  $230

   Equipment Rental payable $720

(To record the factory overhead incurred during April)

Here the factory overhead is debited as it increased the expense and credited the payable accounts as it increased the liabilities, credited the material, accumulated depreciation and small tools

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