Answer:
Explanation:
A fear approach is meant to scare people and make them aware that they are only human and that bad things can happen. This would push them towards buying the insurance package. A humorous approach would focus more and a funny message of why it is important. This change would be targetting the same audience but with a completely opposite message which may not reach people the same way, especially if those individuals do not like the humor aspect of it and are not longer scared from the previous fear strategy that the company would have had.
Answer:
Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour. In the finishing department is $52.78 per direct labor hour.
Explanation:
<em>Budgeted manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity</em>
Note that ;
1. Machining department has machine- hours as the allocation base.
2.Finishing department has direct manufacturing labor costs as the allocation base
Therefore,
Budgeted manufacturing overhead rate (Machining department) = $9,065,000 ÷ 185,000 = $49.00 per machine hour
Budgeted manufacturing overhead rate (Finishing department) = $8,181,000 ÷ 155,000 = $52.78 per direct labor hour
Conclusion
Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour. In the finishing department is $52.78 per direct labor hour.
Answer:
r = 9.14%
Explanation:
Simple interest = P * (1+rt)
Simple interest = $10,000 * (1+0.10 * 3)
Simple interest = $10,000 * 1.3
Simple interest = $13,000
Calculating the compound interest rate
A = P*(1+r)^n
$13,000 = $10,000 * (1+r)^3
(1+r)^3 = $13,000 / $10,000
r = ![\sqrt[3]{$13,000/ $10,000 - 1}](https://tex.z-dn.net/?f=%5Csqrt%5B3%5D%7B%2413%2C000%2F%20%2410%2C000%20%20-%201%7D)
r = 0.0914
r = 9.14%
Answer:
Answer for the question:
Quinlan-Cohen, Inc., publishers of movie and song trivia books, made the following errors in adjusting the accounts at year-end (December 31): Did not accrue $1,600 owed to the company by another company renting part of the building as a storage facility. Did not record $14,600 depreciation on the equipment costing $114,000. Failed to adjust the Unearned Fee Revenue account to reflect that $1,200 was earned by the end of the year. Recorded a full year of accrued interest expense on a $14,400, 11 percent note payable that has been outstanding only since November 1. Failed to adjust Prepaid Insurance to reflect that $690 of insurance coverage had been used. 2. Using the following headings, indicate the effect of each error and the amount of the effect (that is, the difference between the entry that was or was not made and the entry that should have been made). Use O if the effect overstates the item, U if the effect understates the item. (Reminder: Assets = Liabilities + Stockholders’ Equity; Revenues − Expenses = Net Income; and Net Income accounts are closed to Retained Earnings, a part of Stockholders’ Equity.) (Select "NE" for no effect.)
is given in the attachment.
Explanation:
Answer:
Razor should accrue a liability in the amount of $0.
Explanation:
If the likelihood are likely and the quantity can be calculated with satisfactory precision, a contingent liability is to be accumulated. The amount cannot be calculated with reasonable precision in the given situation so no liability is to be acknowledged. Therefore Razor should accrue a liability in the amount of $0.
