Answer:
They'll consider implementing a low risk/low control strategy such as exporting.
Answer:
Altoona’s Net Income for 2021 was: $296,000
Explanation:
The Net Income can be determined by reconciling the Net cash flow from operating activities to Operating Profit as follows :
Net cash flow from operating activities $300,000
Less Depreciation and amortization ($24,000)
Add Increase in accounts receivable $20,000
Operating Profit $296,000
Notes :
Reconcile the non-cash items previously added or deducted from Net cash flow from operating activities and any changes to Working Capital accounted for in determination of Net cash flow from operating activities .
Answer:
Estimated manufacturing overhead rate= $1.84 per direct labor dollar
Explanation:
Giving the following information:
Total Direct labor costs= 60,000 + 103,000= $163,000
Total estimated overhead costs are $300,000.
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 300,000/163,000
Estimated manufacturing overhead rate= $1.84 per direct labor dollar
The answer is D. an exchange of currencies happens when you "trade" one currency for another, which can also be thought of buying one currency in the form of another currency.
So for example, if you were going to exchange the US Dollar for Mexican Pesos, the exchange rate is 1 USD to 17 MXN. Therefore, to get 17 MXN, you need to pay 1 USD.
Does that make sense?
The basic economic problem that arises because people have unlimited wants but resources are limited. Because of scarcity, various economic decisions must be made to allocate resources efficiently.
BREAKING DOWN 'Scarcity'
When we talk of scarcity within an economic context, it refers to limited resources, not a lack of riches. These resources are the inputs of production: land, labor and capital.
People must make choices between different items because the resources necessary to fulfill their wants are limited. These decisions are made by giving up (trading off) one want to satisfy another.
