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1 year ago

Costs that are shared by multiple cost objects in a company are known as ______ costs.

Business

1 answer:

laiz [17]1 year ago

8 0

Costs that are shared by multiple cost objects in a company are known as common costs.

Cost involves expenses that are incurred either in production or purchase of goods and services. Common cost consist of all cots incurred, it is not attached to any specific cost object, such as a product or process.

When cost is attached to particular cost it can be given a name.

Example is overhead cost of production, direct cost and indirect costs.

Therefore, Costs that are shared by multiple cost objects in a company are known as common costs.

Learn more on cost below

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Peter and Paul shared a sum of money in the ratio of 4:5. If peter got ₱56,000,what was the original amount of money?

Natalka [10]

Answer:

126,000

Explanation:

56,000/4 = 14,000

5*14,000 = 70,000

56,000 + 70,000 = 126,000

8 0

2 years ago

The following information ($ in millions) comes from a recent annual report of Amazon, Inc.:

tino4ka555 [31]

Answer:

(a) Amazon's balance in cash at the beginning of the year is $1,085 million

(b) Amazon's total liabilities at the end of the year is $3,914 million

(d) Income before income tax for Amazon is $366 million

Explanation:

(a) Beginning cash balance = Ending cash balance - net increase in cash for the year

= $1,104 million - $19 million

= $1,085 million

(b) Total assets = Total liabilities + Total stockholders' equity

$4,417 million = Total liabilities + $503 million

Total liabilities = ($4,417 - $503) million

= $3,914 million

= $10,722 million - $2,458 million

= $8,264 million

(d) Income before income tax = Gross profit - operating expenses - other expenses

= $2,458 million - $2,062 million - $30 million

= $ 366 million

4 0

3 years ago

The following accounts were taken from the Adjusted Trial Balance columns of the work sheet: Accumulated Depreciation $3,200 Fee

koban [17]

Answer:

$12,100

Explanation:

Data provided;

Accumulated Depreciation = $3,200

Fees Earned = $17,400

Depreciation expense = $1,300

Insurance Expense = $200

Prepaid Insurance = $4,800

Supplies = $900

Supplies Expense = $3,800

Now,

The Net income

= Fees Earned - Depreciation Expense - Insurance Expense - Supplies Expense

= $17,400 - $1,300 - $200 - $3,800

= $12,100

5 0

4 years ago

Ina Vestor has a brokerage account with one of the remaining large investment firms. This morning her broker called asking if sh

SIZIF [17.4K]

Answer:

<em>Primary Market</em>

Explanation:

A primary market <em>announces new bonds to get funding by debt-based or equity-based bonds on an exchange for businesses, governments, and other entities.</em>

Primary markets are promoted by subscribing investment bank groups that set a starting price target for a provided security and monitor its sale to shareholders.

After the initial purchase is complete, additional selling takes place on the secondary market, where the majority of trade takes place every day.

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3 years ago

Dave has arranged a catered lunch for his team members to celebrate the completion of their work so they can see one another for

PSYCHO15rus [73]

Answer:

Dave's team is now in the fifth and the last stage.

Explanation:

There are a total of five stages in team development are as follows

1. Forming: At this stage, the creation of a new group starts, where the members appear collectively and become to understand each other during the communications.

2. Storming: Once the forming stage is completed, the people will start communicating with each other in the context of the responsibility to be performed.

3. Norming: Once the duty of each member is cleared along with the power and responsibility, the group members begin settling in a society.

4. Performing: At this stage, synergy gets built between the group members, where each and everyone acts towards the fulfillment of an objective.

5. Adjourning: This is the fifth and the last stage of group development, where the group is eliminated, and the group members are isolated from each other.

Thus, Dave's team is now in the fifth and the last stage of team development as Dave has arranged a catered lunch for his team members to celebrate last time with his group before separated from each other which is done in the fifth stage is Adjourning stage of team development.

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3 years ago