Answer:
E. Homogeneous product and high production volume.
Explanation:
In order to use the process costing system there has to be similar product.
That way the cost of doing a unit is the same as any other unit.
If not, then is better to use job costying system.
Also it has to be a high volume, mass production. So the cost of the period are allocated to the production of untis during the period, instead of allocate for job or order.
Answer:
The answer is C. An unsecured bond - not legally tied to any of the firm’s assets
Explanation:
Debenture is an unsecured bond(long-term debt). It is not backed by any collateral but backed only by the creditworthiness(credit rating) and reputation of the issuer.
For issuing firm, debentures gives the benefit of not collecting collaterals.
For bondholders(creditors of the company), debentures are risky because it is not a secured bond, credit risk of the issuer is of great concern. Since it is unsecured, its yield is usually higher than secured bonds.
Answer:
The overview according to another procedure outlined would be defined in the following portion.
Explanation:
- Whenever there's no participant evaluation, colleagues may lose when the increase dependence the scores based on either the mission as a whole as well never overall achievements, thereby eventually leading to the complimentary, so the teammates prefer to not even succeed.
- The colleagues' appraisal report might encourage free passengers to succeed because these complimentary will indeed be uncovered throughout the secret document as well as obtain lower scores or grades to solve the unrestricted dilemma.
Answer:
The journals entry to record depreciation on the equipment for 2016 will be:
Debit Depreciation expense $14,000
Credit Accumulated depreciation $14,000
<em>(To record depreciation expense for Year 2016)</em>
Explanation:
Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($150,000 - $10,000) / 10 years = $14,000 yearly depreciation expense. This applies to Years 2015 and 2016.
The change in the estimate in Year 2017 will not affect the depreciation expense for 2016 based on the previous parameters,