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1 year ago

True or false: a contra-asset account, such as accumulated depreciation, will have a normal debit balance.

Business

1 answer:

sergey [27]1 year ago

7 0

a contra-asset account, such as accumulated depreciation, will have a normal debit balance.

This problem is false statement.

What is accumulated depreciation?

Any collection of activities and procedures utilized during the manufacture of any items constitutes a manufacturing system. Businesses have evolved a number of diverse systems and procedures over time, but they have grown in significance as a component of any production environment.

Therefore,

This problem is false statement.

To learn more about accumulated depreciation from the given link:

brainly.com/question/1287985

#SPJ4

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Information on Wolfen Company's direct labor costs for the month of January follows: Actual direct labor rate $5.00 Standard dir

xeze [42]

Answer:

Standard Rate = $ 5.65

Explanation:

Wolfen Company

Actual direct labor rate $5.00

Standard direct labor hours allowed 11,000

Actual direct labor hours 10,000

Direct labor rate favorable $6,500

Using formula to find the unknown figure

Direct Labor Rate variance = Actual Hours ( Standard Rate-Actual Rate)

$6,500= 10,000( Standard Rate-5)

$6,500/10,000 = (Standard Rate-5)

0.65+ 5=Standard Rate

Standard Rate=5+0.65= $ 5.65

We can check by putting it in another formula

Direct Labor Rate variance= (actual hours * standard rate)-(actual hours* actual rate)

$6,500=(10,000*Standard Rate)-( 10,000 *5.0)

$6,500= (10,000*5.65)-( 10,000 *5.0)

$6,500= (56,500)-( 50,000 )

$6,500=$6,500 (favorable) when standard price is higher than actual price

3 0

2 years ago

24) In the U.s. economy, a few firms dominate the wireless telephone provider Industry. Whlch type of

kipiarov [429]

Answer:

oligopoly

Explanation:

An oligopoly is a market structure comprising a few firms dominating a large market with many buyers. The few firms sell similar or differentiated products. Each of the firms commands a sizable market share and can influence the market. Apart from the few dominating firms, there could be other small sellers with a smaller market share operating in the market. Another example of an oligopoly market is the air travel business, where a few airline companies dominate the market.

Characteristics of oligopoly market include

Barriers to entry due to heavy capital requirements and market domination by a few firms.
Each firm sets its price
heavy advertising to woe clients
Collaboration among the few dominating firms

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2 years ago

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Explanation:

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3 years ago

What does it mean when your tax return is being processed?

alexandr402 [8]

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2 years ago

Haskins Products sells 2,000 kayaks per year at a sales price of $470 per unit. Haskins sells in a highly competitive market and

AysviL [449]

Answer:

target fixed costs is $ 420000

Explanation:

Given data

sells 2,000

sales price of $470 per unit.

product cost at $720,000

variable costs are $300,000

to find out

target fixed costs

solution

we know here product cost and variable cost

so target fixed costs is product cost - variable costs

so we put all these value to find out target fixed cost

target fixed costs = product cost - variable costs

target fixed costs = 720000 - 300000

target fixed costs is $ 420000

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2 years ago