If Martin and Beasley switched from its current accounting method to an activity-based costing system, the amount of administrative cost chargeable to consulting services would change by an amount other than those listed above
Option D
Solution:
Total amount of administrative cost chargeable to consulting services in ABC costing is given below
( $200000 x 35% ) + ( $50000 x 30% ) + ( $20000 x 20% )
= $70000 + $15000 + $4000
= $89000
Hence, Using ABC costing administrative cost chargeable to consulting services decreases by ($270000 - $89000)
decreases by $181000
Hence, D. change by an amount other than those listed above.
Answer:
the price of the bananas went up about $0.10 each year
Answer:
Balance after adjustment will be a credit of $90,000
Explanation:
<em>Particulars Amount</em>
Non-collectible accounts $108,000
Credit balance <u>$18,000</u>
Balance Adjustment <u>$90,000</u>
Balance after adjustment will be a credit of $90,000
Note: Non-collectible accounts = 2% * $5,400,000 =$108000
Answer:
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- <u><em>True. The point (6,15) will be on the graph.</em></u>
Explanation:
Since all cards have the same price, there is a direct relation between the number of cards and the cost, with the unit price being the constant of proportionality.
The unit price is determined from the point<em> (4, 10)</em>, whihc means 4 cards for $10.
- K = unit price = $10/4cards = $2.5 per card.
Point <em>(6,15) </em>means that 6 cards cost $15. Is that true?
Use the constant of proportionality:
- Cost = K × number of cards
- Cost = $2.5/card × 6cards= $15.
Hence, indeed the cost of 6 cards is $15, and that is represented by the point (6, 15).
Answer:
Reaches or exceeds the cash value.
Explanation:
A traditional whole life policy is an insurance policy or plan that covers the entire life of an individual. It also provides or gives a certain amount to the beneficiaries of the individual in case the individual dies.
A cash value in traditional whole life policy is the amount a person on a traditional life policy receives if he or she decided to quit the life policy as well as forfeit the payment to his or her beneficiaries of he or she dies.
A policy loan is the loan that a person takes from his or her life traditional life policy which must not exceed the cash value of the traditional life policy. A policy loan also comes loan interest that must be paid on a timely basis.
When the outstanding policy loan is higher than the case value of the traditional life policy the insurance company may cancel the traditional life policy.