TRUE. Participation occurs when employees have a voice in decisions about their own work.
Answer:
b) technological advancements
Explanation:
Manufacturing automation and office automation are examples of technological advancements that are forces for change outside the....
Automation of manufacturing and office entails the use of technology in place of traditional means. Advancement in technology has made enterprises shift from traditional means of production to technology, which enhances efficiency and improves productivity.
The total of the assets in a balance sheet is equal to the summation of the owners' equity capital and the total liabilities of the firm.
<h3>What is a balance sheet?</h3>
Balance sheet is the financial statement of an organization that gives the details about the financial position of the company at the end of the financial period.
In the above case, the total of the assets is $50000 and the total of the equities and liabilities tallies the amount of assets. An image for the same has been attached for better reference.
Thus, the equation of the balance sheet holds true in the case of ABC Rentals.
Learn more about balance sheet here:
brainly.com/question/26323001
#SPJ1
Answer:
In Barton and Barton Company's general journal, entry required include:
Debit Retained Earnings Account with $8.2 million
Credit Opening Inventory with $8.2 million
Being reversal of overstated inventory due to change from FIFO to Average cost method.
Explanation:
The debit entry to the Retained Earnings Account will reduce the balance by $8.2 million. The effect of overstating the closing inventory is overstatement of the net income because the cost of sales was understated as a result of the inventory overstatement.
The credit entry to the Opening Inventory reduces the balance to the new balance based on the average cost method of $23.8 million.
The FIFO cost method or First-In, First-Out method is an inventory costing method that assumes that goods that were bought first were the ones to be sold first. The inventory cost is therefore valued with the most recent quantity and cost price.
On the other hand, the Average Cost Method, also called the Weighted Average Cost Method, calculates the inventory cost by adding all the period's inventory and dividing it by the quantity for the period. This gives an average cost which is in turn used to multiply the quantity of inventory at the end of the period to obtain the inventory cost.
Both methods are estimates that produce different results and affect the reported net income differently. There is always the need for consistency in choosing the method to apply so that reported net income is not unduly distorted.
Given the table showing <span>next year's expected costs
and activities below:
![\begin{tabular} {|C||C|C|} & Mixing & Baking\\[1ex] Direct labor hours&411,000 DLH&91,000 DLH\\ Maching hours&811,000 MH&811,000 MH\\[1ex] Overhead costs&\$534,300&\$411,000 \end{tabular}](https://tex.z-dn.net/?f=%5Cbegin%7Btabular%7D%0A%7B%7CC%7C%7CC%7CC%7C%7D%0A%20%26%20Mixing%20%26%20Baking%5C%5C%5B1ex%5D%0ADirect%20labor%20hours%26411%2C000%20DLH%2691%2C000%20DLH%5C%5C%0AMaching%20hours%26811%2C000%20MH%26811%2C000%20MH%5C%5C%5B1ex%5D%0AOverhead%20costs%26%5C%24534%2C300%26%5C%24411%2C000%0A%5Cend%7Btabular%7D)
Pard A:
</span><span>Aztec's departmental
overhead rate for the mixing department based on direct labor
hours is given by the mixing department's overhead cost divided by the mixing department's direct labor hours.
Thus, </span><span>departmental
overhead rate for the mixing department based on direct labor
hours is given by:

Part B:
</span>Aztec's departmental
overhead rate for the baking department based on direct labor
hours <span>is given by the baking department's overhead cost divided by the baking department's direct labor hours.
</span><span>Thus, <span>departmental
overhead rate for the baking department based on direct labor
hours is given by:

Part 3:
</span></span>Aztec's departmental
overhead rate for the baking department based on machine
hours <span>is given by the baking department's overhead cost divided by the baking department's machine hours.
</span><span>Thus, <span>departmental
overhead rate for the baking department based on machine
hours is given by:

</span></span>