BN
Bertide Neptune
Answers (6)
BN
Answered
Gunes Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 800 units. The costs and percentage completion of these units in beginning inventory were: 
A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:
The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.What are the equivalent units for materials for the month in the first processing department?
A) 7,400
B) 9,300
C) 8,350
D) 950
A total of 8,500 units were started and 7,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.What are the equivalent units for materials for the month in the first processing department?A) 7,400
B) 9,300
C) 8,350
D) 950
On Jul 27, 2024
C
BN
Answered
The petty cash fund of $200 for George Company appeared as follows on December 31 2016: Cash $59.40 Petty cash vouchers Freight in $27.60 Postage 40.00 Balloons for a special occasion 68.00\begin{array}{lr}\text { Cash } &\$ 59.40 \\\text { Petty cash vouchers } & \\\text { Freight in } & \$ 27.60 \\\text { Postage } & 40.00 \\\text { Balloons for a special occasion } & 68.00\end{array} Cash Petty cash vouchers Freight in Postage Balloons for a special occasion $59.40$27.6040.0068.00
Instructions
1. Briefly describe when the petty cash fund should be replenished. Because there is cash on hand is there a need to replenish the fund at year end on December 31? Explain.
2. Prepare in general journal form the entry to replenish the fund.
3. On December 31 the office manager gives instructions to increase the petty cash fund by $50. Make the appropriate journal entry.
Instructions
1. Briefly describe when the petty cash fund should be replenished. Because there is cash on hand is there a need to replenish the fund at year end on December 31? Explain.
2. Prepare in general journal form the entry to replenish the fund.
3. On December 31 the office manager gives instructions to increase the petty cash fund by $50. Make the appropriate journal entry.
On Jul 23, 2024
1. Petty cash should be replenished on a periodic basis or when the cash is low. It must be replenished on the balance sheet date so that the expenses represented by the petty cash vouchers can be recorded in the proper accounting period. 2.
Freight-In. 27.60Postage Expense 40.00Miscellaneous Expense 68.00 Cash Over and Short.5.00 Cash140.60\begin{array}{lrr} \text { Freight-In. } &27.60\\ \text {Postage Expense } &40.00\\ \text {Miscellaneous Expense } &68.00\\ \text { Cash Over and Short.} &5.00\\ \text { Cash} &&140.60\\\end{array} Freight-In. Postage Expense Miscellaneous Expense Cash Over and Short. Cash27.6040.0068.005.00140.60
3.
Petty Cash. 50.00 Cash 50.00\begin{array}{lrr} \text { Petty Cash. } &50.00\\ \text { Cash } &&50.00\\\end{array} Petty Cash. Cash 50.0050.00
Freight-In. 27.60Postage Expense 40.00Miscellaneous Expense 68.00 Cash Over and Short.5.00 Cash140.60\begin{array}{lrr} \text { Freight-In. } &27.60\\ \text {Postage Expense } &40.00\\ \text {Miscellaneous Expense } &68.00\\ \text { Cash Over and Short.} &5.00\\ \text { Cash} &&140.60\\\end{array} Freight-In. Postage Expense Miscellaneous Expense Cash Over and Short. Cash27.6040.0068.005.00140.60
3.
Petty Cash. 50.00 Cash 50.00\begin{array}{lrr} \text { Petty Cash. } &50.00\\ \text { Cash } &&50.00\\\end{array} Petty Cash. Cash 50.0050.00
BN
Answered
There are six criteria a taxpayer must meet in order to file a Form 1040EZ.List them.
On Jun 26, 2024
The six criteria are:
1.file the return as either single or married filing jointly
2.be under age 65 and not blind
3.have no dependents
4.have total taxable income under $100,000
5.have income only from wages,salary,tips,unemployment compensation,or taxable interest income of $1,500 or less
6.claim no tax credits except for the Earned Income Credit
1.file the return as either single or married filing jointly
2.be under age 65 and not blind
3.have no dependents
4.have total taxable income under $100,000
5.have income only from wages,salary,tips,unemployment compensation,or taxable interest income of $1,500 or less
6.claim no tax credits except for the Earned Income Credit
BN
Answered
Moko is by his dying grandfather's bedside. His grandfather says "I do not have long to live I am afraid. Please take this pocket watch." This is a(n) ________
A) inter vivos gift
B) sustainable gift
C) in rem gift
D) terminal gift
E) causa mortis gift
A) inter vivos gift
B) sustainable gift
C) in rem gift
D) terminal gift
E) causa mortis gift
On Jun 22, 2024
E
BN
Answered
Social cognitive theory is most strongly associated with which of the following concepts?
A) Punishment
B) Delayed reinforcement
C) Partial reinforcement
D) Modelling
E) Extinction
A) Punishment
B) Delayed reinforcement
C) Partial reinforcement
D) Modelling
E) Extinction
On May 26, 2024
D
BN
Answered
In April, one of the processing departments at Terada Corporation had beginning work in process inventory of $36,000 and ending work in process inventory of $42,000. During the month, $259,000 of costs were added to production and the cost of units transferred out from the department was $253,000. In the department's cost reconciliation report for April, the total cost to be accounted for under the weighted-average method would be:
A) $78,000
B) $295,000
C) $590,000
D) $554,000
A) $78,000
B) $295,000
C) $590,000
D) $554,000
On May 23, 2024
B