Answer:
The answer is:
Amanda should record the wasted birdseeds (inventory loss) by adjusting the inventory account.
A company's inventory account may be incorrect and show errors due to waste or theft. When a loss in inventory is detected, the inventory account should be adjusted to record all the losses due to waste or theft.
Answer: (1) $5,290
(2) $3,470
Explanation:
Net Income from Accrual method:
= Served a banquet account - received and paid electricity bill + Received cash meals to customers - Accrued salary expense - Prepaid insurance expired
= $2,810 - $140 + $3,610 - $800 - $190
= $5,290
Net Income from Cash method:
= Received cash meals to customers - received and paid electricity bill
= $3,610 - $140
= $3,470
Answer:
Resources are scarce and All costs are opportunity costs.
Explanation:
The scarce resource in this case is time. Because resources are scarce, then people have to take choices strategically. If time was infinite, then Raphael would dedicate more time to train.
The sentence could also illustrate that all costs are opportunity costs. The cost of doing something else, is not training. For example, the cost of the time that he dedicates to study, is the time that he could spent training. But here we are also talking about time, then it could be option A or option B, but for me, A and B are correct.
Because resources are scarce, all of what we decide to do have an opportunity cost.
The (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
<h3>
What is the Robinson-Patman act?</h3>
- The Robinson-Patman Act is a federal statute that was created in 1936 to make pricing discrimination illegal.
- The Robinson-Patman Act amends the Clayton Antitrust Act of 1914 in order to prohibit "unfair" competition.
- The Robinson-Patman Act is a federal statute that prohibits pricing discrimination.
- The law prohibits wholesalers from charging varying pricing to different merchants.
- The act only applies to interstate commerce and includes an exemption for "cooperative associations."
- Economists and legal scholars have strongly opposed the measure on a variety of grounds.
Therefore, the (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
Know more about Robinson-Patman act here:
brainly.com/question/15587574
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Complete question:
The __________ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
Multiple Choice
(A) Federal Trade Commission Act
(B) Wheeler-Lea amendment
(C) Gramm-Rudman-Hollings Act
(D) Robinson-Patman act
(E) Free Exercise Act
Answer: $412,292
Explanation:
First compute Overhead Absorption Rate = Budgeted Overhead divided by Budgeted Activity Level
In this question the activity level is Direct Labour Hours (DLH) which is the basis for allocating overhead.
budgeted factory overhead for the year at $453,120, and budgeted direct labor hours for the year are 384,000.
$453,120 divided by 384,000 DLH =$1.18
Overheard to be allocated for May is OAR * Actual Activity level
$1.18*349400= $412,292
This is the amount to be allocated to may
