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1 year ago

Leading indicators are events that have been found to occur before changes in business activities.

1 answer:

4 0

This Statement is True. Leading indicators are events that have been found to occur before changes in business activities.

Business is the practice of earning a living or making money by manufacturing, purchasing, and selling items (such as goods and services). It is also "any profit-making activity or enterprise."

Having a business name does not detach the owner from the business entity, which means the owner is responsible and liable for the business's debts. Creditors may seize the owner's personal belongings if the company incurs debts. In a business structure, corporate tax rates are not permissible. All business income is taxed directly to the proprietor.

The phrase is also frequently used informally (though not by lawyers or public authorities) to refer to a business or cooperative.

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Section 2-201 of the UCC provides that contracts for the sale of goods for $500 or more are unenforceable unless: a. A written s

Shkiper50 [21]

Answer:

d. All of these are correct.

Explanation:

The UCC are a set of guidelines that deals with contracts involving sale of goods. It settles disputes that occur during such transactions.

Section 2-201 of the UCC deals with statute of fraud.

Contract for a sale of goods is not enforceable unlesss there is some written contract of sale by the party against who enforcement is sought or his official agent.

This document also a written signature of the party against whom enforcement is sought, and a written indication of the quantity sold.

6 0

2 years ago

Read 2 more answers

Activity-based costing uses one plantwide pool and numerous cost drivers departmental pools and a single cost driver. numerous c

kipiarov [429]

Answer:

numerous cost pools and numerous cost drivers

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, one of the most widely used activity-based costing technique is the time-driven activity-based costing.

Time-driven activity-based costing (TDABC) avails business owners the opportunity of reporting their costs on an ongoing basis (real time) which give details about the various cost of doing business, as well as the time spent on them respectively.

Cost pool is simply the amount of money spent by a firm on a particular activity.

Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.

6 0

2 years ago

The Thomlin Company forecasts that total overhead for the current year will be $11,100,000 with 160,000 total machine hours. Yea

katrin2010 [14]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 11,100,000/160,000

Predetermined manufacturing overhead rate= $69.375 per machine hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 69.375*81,000

Allocated MOH= $5,619,375

<u>Finally, we can determine the under/over allocation:</u>

Under/over applied overhead= real overhead - allocated overhead

Under/over applied overhead= 7,950,000 - 5,619,375

Under/over applied overhead= $2,330,625 underallocated

5 0

3 years ago

A company is involved in a lawsuit for which the contingent liability is remote. How should the liability be treated on the bala

user100 [1]

A company is involved in a lawsuit for which the contingent liability is remote. The liability should be treated on the balance sheet as unrecorded and undisclosed.

On the balance sheet, the liability should be treated in a manner that is unrecorded and undisclosed:

The balance sheet stands for a financial statement that communicates the book value of a particular organization.
Contingent liabilities rely upon the outcome of an unlikely event.
These contingent obligations become liabilities in the future.
If the contingent liability happens to be remote, then it must not be reflected in the balance sheet.
The liability should be treated on the balance sheet as unrecorded and undisclosed.

Therefore, if a company is involved in a lawsuit for which the contingent liability is remote then the liability should be treated on the balance sheet as undeclared and undisclosed.

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8 0

2 years ago

When Motorola first entered the Mexican marketplace, the company wanted direct control of salespeople in major urban markets but

ziro4ka [17]

Answer:

<h2>In this case,the answer would be option A. given in the answer choices or options or a company sales force; manufacturer's reps.</h2>

Explanation:

Motorola basically wants to gain higher control or authority over its sales force in the urban areas in Mexico to better handle and channelize its sales activities in the urban regions of the country to increasingly capture the urban consumer base.
Therefore,it will probably consider employing more or higher sales force in the urban areas to mobilize the sales activities in the targeted regions.
On the other hand,it is relatively less concerned about reaching the rural or less populated counterparts in the country, which reasonably implies that it will deploy manufacturer representatives in those regions as mobilization of sales activities is not the priority in this case.

8 0

2 years ago