Answer:
$30,000
Explanation:
A supplemental disclosure of cash flow information requires that all the cash paid in interest during the period must be disclosed.
In Ash's case:
beginning balance interest payable account $15,000
+ interest expense during the year $20,000
<u>- ending balance interest payable account ($5,000) </u>
supplemental disclosure = $30,000
Answer: "Make the person whole"
Explanation:Compensatory damages are paid or awarded to plaintiffs in civil cases where a person,group of persons or Organisations have caused some damages to the plaintiff due to their negligence and illegal conducts.
Compensatory damages can be asked in court by an attorney representing the plaintiff once adequate evidence has been established and can be proven in the law courts. When Compensatory damages are paid they make the affected person, group of people or Organisation to "whole" again.
Answer:
WIP inventory 904.91 debit
Finished goods 67.868,16 debit
COGS 35.239,43 debit
Factory overhead 104,012.5 credit
Explanation:
overhead rate_
642,500 / 514,000 = 1.25
labor cost
190,124 x 1.25 = 237.655 weight 33.88%
360,580 x 1.25 = 450.725 weight 65.25%
10,486 x 1.25 =<u> 13.107,5 </u> weights 0.87%
total overhead 701.487,5
actual overhead 805,500
over-allocated: 104.012,5
we debit all this concepts as they were understated and credit the applied overheas as it was under allocated.
Answer:
Equilibrium quantity and price will decrease
Explanation:
Inferior goods are the products or services whose demand increases with an increase in price. An Inferior good contracts a normal product whose demand falls with a rise in price. Should consumer's incomes increase, the demand for inferior products and services will decrease.
If potatoes are inferior goods, an increase in incomes will result in a decrease in their demand. The equilibrium quantity will decrease. If and a new higher-yielding variety of potato plant is developed, it will create competition for the inferior potatoes. With an increase in income, consumers tend to prefer 'perceived' high-quality and more costly products. The new higher-yielding variety will be demanded more, which will result in a decline in prices for the inferior potatoes.
Answer:
Difference between product cost and period cost is stated as follows:-
- Product cost is experience in the business field only if there is production of products but period cost is the cost that is faced by the organization during the passing of time.
- Product cost has the tendency to vary whereas period cost remains the same or fixed.
- Product cost is considered as the fragment of inventory but period cost is not not included in that.
<u>Example of product cost are</u>:- labor wages, raw material cost etc
<u>Example of period cost:</u>-rent, salary etc.