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nexus9112 [7]
2 years ago
5

For an FBLA-PBL member who is interested in running for a state or national

Business
1 answer:
DanielleElmas [232]2 years ago
6 0

Answer:A

Explanation: i did the test

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The following information is for Ayayai Corporation as of December 31, 2017.
Sergeeva-Olga [200]

Answer:

         Flint Corporation current assets section of Balance Sheet

Particulars                                                                      Amount

Cash ($23,500 + 21,100)                                        43,600

Less: Restricted for plant expansion                    <u> 23,500</u>     <u>21,100</u>

Trading Securities                                                                     9,700

Accounts receivable                                               73,300    

Less: Allowance for bad debts                               <u>3,700</u>       69,600              

Interest receivables (19,600*7%*9/12)                                      1,029    

Inventories

Finished goods                                                                          33,300

Work in Progress                                                                        13,000  

Raw materials                                                                             <u>59,600</u>

Total Current Assets                                                                 <u>186,229</u>

4 0
3 years ago
Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead f
nadezda [96]

Answer:

The question is not complete, find below complete question:

Job WR53 at NW Fab, Inc. required $200 of direct materials and 10 direct labor hours at $15 per hour. Estimated total overhead for the years was $760,000 and estimated direct labor hours were 20,000. What would be recorded as the cost of job WR53?

A. $200

B. $350

C. $380

D. $730

The correct option is D, $730 as shown below

Explanation:

Overhead absorption rate is given total overhead /direct labor hours

Overhead absorption rate=$760000/20000

                                           =$38/ labor hour

Hence job WR53 would require $380($38*10 hrs) in overhead cost

The total cost of the job is given as follows:

Direct materials                  $200

Direct labor cost($15*10)   $150

Overhead on the job        <u> $380</u>

Total cost                            <u>$730</u>  

The job WR53 would cost $730

In essence, for the job to be profitable, it must be sold at a price beyond $730, otherwise the job might be sold at  a loss

7 0
3 years ago
Read 2 more answers
Of these types of businesses, which one requires the most drive and motivation?
kondaur [170]
B, because it is a new business so it's going to have to work harder then any other business in order to gets it's name out there.
6 0
3 years ago
Which of the following statements about GDP (gross domestic product) is TRUE?
nasty-shy [4]

Answer:

a)     GDP measures the market value of final goods and services produced within a country.

Explanation:

Gross Domestic Product{ GDP} is the total market value of all the finished goods produced within the boundaries of a country at a specific time.  GDP takes into account all products and services regardless of who produces them, be it locals or foreigners. In short, GDP is a measure of all domestic productions.

Economist uses GDP as a scorecard of a country's economic status. They use it to determine the growth rate of an economy and its size.

Investors and business people will use GDP in the decision-making process. They will want to invest in industries or countries that are growing. A steady rise in GDP signifies that the economy is doing well and growing. A decrease in GDP will indicate a recession.

3 0
3 years ago
What are new guidelines issued by GAAP for consolidating entities
Brut [27]
Consolidation Rules Under GAAP

The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares
6 0
3 years ago
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