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storchak [24]
1 year ago
11

One reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors. True or false?.

Business
1 answer:
MrMuchimi1 year ago
3 0

True. One reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors.

<h3>What is a predetermined overhead rate?</h3>

This is the term that is used to refer to the allocation rate that is used in the determination of the estimated cost of the manufacturing overhead. It is used to show in either the order of the product or that of the job.

Hence based on this question we can say that it is true because the reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors.

Read more on overhead rate here: brainly.com/question/13312583

#SPJ1

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Bond interest is deducted from:
nevsk [136]

I bond interest is calculated using so-called composite rates based on a fixed interest rate and an inflation-adjusted rate, which we describe in depth below. I bonds earn interest monthly, though you don't get access to the interest payments until you cash out the bond.

<h3>How long do I bonds earn interest?</h3>

I bonds earn interest for 30 years unless you cash them first. You can cash them after one year.

But if you cash them before five years, you lose the previous three months of interest.

<h3>Is an I bond a good investment?</h3>

The annualized rate on the I bond is a record 9.62% through October 2022. “This is a fabulous investment,” said Orman, who started investing in I bonds in 2001. Backed by the U.S. government, the bond doesn't lose value. Its variable rate is set every May and November.

Learn more about bonds interests here:

<h3>brainly.com/question/25965295</h3><h3 /><h3>#SPJ4</h3>
3 0
1 year ago
In the current year, Norris, an individual, has $59,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,100 and
kondaur [170]

Answer: an offset against ordinary income of $3,000 and a NSTCL carryforward of $2,400

Explanation:

Feom the question, we are told that in the current year, Norris, an individual, has $59,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,100 and a net long-term capital gain (NLTCG) of $3,700.

From his capital gains and losses, Norris reports an an offset against ordinary income of $3,000 and the a net short-term Capital loss (NSTCL) balance carryforward will be the difference between the net short-term Capital loss (NSTCL) of $9,100 and a net long-term capital gain (NLTCG) of $3,700 and the offset against ordinary income. This will be:

= ($9100 - $3700) - $3000

= $5400 - $3000

= $2400

4 0
3 years ago
To pursue a career in business information management, you need a degree or certification in_____information system,or an
Deffense [45]

Answer:management

Explanation:

6 0
3 years ago
Country Club Center sells season memberships for $100 each. Prior to May 1, 2017, 60 season memberships were sold. The season ru
Vlada [557]

Answer:

$1,500

Explanation:

Since the season lasts 4 months, the membership fees must be recognized over the whole 4 month period, that means that the club must recognize $100 / 4 = $25 per month per membership sold.

The company sold 60 season memberships, so it must recognize 60 x $25 = $1,500 in revenues.

6 0
2 years ago
Allison has a horse stall cleaning business that has been growing rapidly since she started it three years ago. She estimates th
Reil [10]

Answer: 13.2%

Explanation:

Given data:

No of stores in the market = 5000

No. of store owners = 2000.

Allison charges = $8/month

Sam charges = $8/month.

Solution:

The market penetration rate would be calculated based on potential customers.

Using our general formula,

Market penetration=Numbers of customers who purchased Allison derived sales and Sam derived sales /Total potential population

Where,

Total potential population=1,500

•Allison derived sales = 129 customers

•Sam derived sales = 69 customers

•Numbers of customers who purchased Allison derived sales and Sam derived sales=129 customers+ 69 customers

•Numbers of customers who purchased Allison derived sales and Sam derived sales =198 customers

Let’s input this into our general formula.

Market penetration

= 169 customers/1,500

= 0.132*100

= 13.2%

The market penetration rate based on potential customers is 13.2%

8 0
2 years ago
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