Robinson Corporation manufactures automobile parts. Account balances at the end of the year are: Manufacturing overhead allocated $1,400,000 Manufacturing overhead actual $1,495,000 What would be the correct journal entry to close out the overhead accounts assuming that the write-of to cost of goods sold approach is used? Debit Credit A) Cost of goods sold $95,000 Manufacturing overhead allocated $1,400,000 Manufacturing overhead actual $1,495,000 B) Manufacturing overhead actual $1,495,000 Finished goods $95,000 Manufacturing overhead allocated $1,400,000 C) Manufacturing overhead actual $1,495,000 Cost of goods sold $95,000 Manufacturing overhead allocated $1,400,000
Answers: 1
Business, 22.06.2019 10:50
Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?
Answers: 2
Business, 22.06.2019 15:20
Capital financial corporation will lend 90 percent against account balances that have averaged 30 days or less; 80 percent for account balances between 31 and 40 days; and 70 percent for account balances between 41 and 45 days. customers that take over 45 days to pay their bills are not considered acceptable accounts for a loan. the current prime rate is 16.50 percent, and capital charges 3.50 percent over prime to charming as its annual loan rate. a. determine the maximum loan for which charming paper company could qualify.
Answers: 1
Business, 22.06.2019 21:50
Search engines generate revenue through pay-per-click (each time a user clicks a link to a retailer’s website); pay-per-call (each time a user clicks a link that takes the user to an online agent waiting for a call); or pay-per-conversion (each time a website visitor is converted to a customer)
Answers: 3
Business, 23.06.2019 00:00
What is a uniform law adopted by all states that facilitates business transactions?
Answers: 1
Robinson Corporation manufactures automobile parts. Account balances at the end of the year are: Man...
Mathematics, 09.11.2020 04:50
English, 09.11.2020 04:50
Business, 09.11.2020 04:50
Health, 09.11.2020 04:50
Social Studies, 09.11.2020 04:50
Mathematics, 09.11.2020 04:50
Spanish, 09.11.2020 04:50
Chemistry, 09.11.2020 04:50
Mathematics, 09.11.2020 04:50
Chemistry, 09.11.2020 04:50
Mathematics, 09.11.2020 04:50
Mathematics, 09.11.2020 04:50
Mathematics, 09.11.2020 04:50
Biology, 09.11.2020 04:50
Mathematics, 09.11.2020 04:50
World Languages, 09.11.2020 04:50