Answer:
16,300 Direct Labor Hours
Explanation:
Evening Star Inc. produces two models.
The field model requires eight(8) direct-labor hours.
The professional binoculars require ten(10) direct-labor hours.
In May,
Number of field binocular manufactured=850
Number of professional binocular manufactured=950
Therefore:
- Standard Hour for 850 field model = 850 X 8 =6800 Hours
- Standard Hour for 950 professional model = 950 X 10 =9500 Hours
Total Standard Hours allowed in May = 6800+9500
=16300 Direct Labor Hours
Answer: True. When inflation was expected to be high and it turns out to be low, wealth is redistributed from debtors to creditors.
Explanation: If inflation is high, money is not moving as it normally would in a low inflation time. When inflation is low, money is moving more freely (people are spending) to the debtors and the creditors. Inflation refers to the increase in prices and fall in the purchasing value of money.
Base on the given situation above, if there is a presence of
stricter quota such as with the 30,000 tons of apricots to be provided and was
imposed on a market, it is expected that quantity demand and the imports in the
market to decrease even if the domestic quantity and price that has been
provided will increase.
Answer:
B) C and D
- C. Whole life insurance
- D. Annuities
Explanation:
Anti-Money Laundering (AML) regulations identified the following insurance products as covered products:
- Permanent life insurance policy, other than a group and term life insurance policy
- An annuity contract, other than a group annuity contract
- Any other insurance product with features of cash value or investment.
The AML's main goal is detect and stop terrorist financing.
Answer:
$60,000
Explanation:
Since Bailey Co. changed their accounting for insurance expense from the cash-basis to the accrual-basis in the current year, and in January of the prior year, Bailey recorded insurance expense of $240,000 for the cash purchase of a four-year insurance policy.
Bailey should report the insurance transaction in the current year's financial statements of an amortization of the insurance expense over the four year period, and take account the portion that pertains to the current year.
Therefore = $240,000 / 4 years = $60,000 per year
