True or false FICO is a credit score.

Andy's two nephews want to travel to Philadelphia with him to see a show. Andy has two free plane tickets and three tickets to t

amid [387]

The two plane tickets represent a scarce resource because there are three of them who are going to Philadelphia and it needs three tickets to fly over there. The available resources that they have are not enough for them to realize their desire to watch the show in that place.

7 0

3 years ago

Activity-based costing allocates selling and administrative expenses a.based on sales volume in dollars. b.in accordance with GA

ollegr [7]

Based on how each product consumes activities, activity-based costing allocates selling and administrative expenses. Hence, Option D is the correct statement.

<h3>What do you understand by Activity-based costing?</h3>

A costing technique that identifies activities in an organization and assigns the cost of every activity to all services and products in line with the real consumption via way of means of each is referred to as Activity-based costing.

This version of the costing technique assigns greater indirect costs into direct fees as compared to traditional costing.

Hence, Based on how each product consumes activities, Activity-based costing allocates selling and administrative expenses. Option D is the correct statement.

learn more about Activity-based costing:

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5 0

2 years ago

As of December 31, 2017, Armani Company’s financial records show the following items and amounts. Cash $ 10,000 Accounts receiva

Lelechka [254]

Answer:

December 31, 2017 Balance Sheet

$10,000 Cash

$9,000 Accounts Receivable

$6,000 Supplies

$25,000 TOTAL CURRENT ASSETS

$5,000 Equipment

$5,000 TOTAL NONCURRENT ASSETS

$30,000 TOTAL ASSETS

$23,000 Accounts Payable

$23,000 TOTAL CURRENT LIABILITIES

$23,000 TOTAL LIABILITIES

$1,000 Retained Earnings

$6,000 Capital

$7,000 TOTAL EQUITY

$30,000 TOTAL EQUITY + LIABILITIES

Explanation:

December 31, 2017 Balance Sheet

$10,000 Cash

$9,000 Accounts Receivable

$6,000 Supplies

$25,000 TOTAL CURRENT ASSETS

$5,000 Equipment

$5,000 TOTAL NONCURRENT ASSETS

$30,000 TOTAL ASSETS

$23,000 Accounts Payable

$23,000 TOTAL CURRENT LIABILITIES

$23,000 TOTAL LIABILITIES

$1,000 Retained Earnings

$6,000 Capital

$7,000 TOTAL EQUITY

$30,000 TOTAL EQUITY + LIABILITIES

Income Statement

Consulting Revenue $33,000

Rental Revenue $22,000

Salaries Expenses -$20,000

Rent Expenses -$12,000

Selling and Adm Exp -$8,000

Income Statement $15,000

Retained Earnings Report

Opening retained earnings $ 0,000

Add: Net Income $ 15,000

Subtotal $ 15,000

Less: Withdrawals -$ 13,000

Less: Investment -$ 1,000

Total $ 1,000

8 0

3 years ago

Manuela and Noor were angry when they found out that their HR Department asked top executives for input on whether to create an

sashaice [31]

The fact that the HR department only asked the opinion of the top executives and not the other employees on the creation of an on-site childcare made Manuela and Noor feel that procedural justice was not being served.

<h3 /><h3>What is Procedural justice?</h3>

It corresponds to the idea of equity over the administration of legal procedures for resources in a given situation, such as in the organizational environment.

Therefore, equity is a relevant characteristic for the employees of an organization, who compare their inputs and outputs with those of other co-workers, thus generating a sense of justice about the processes.

Find out more about Equity theory here:

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4 0

2 years ago

Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming year:First quarter budgeted

LenKa [72]

Answer:

Production budget for First quarter= 16,500 units

Explanation:

<em>The production budgeted for a particular period is the expected units to be produced after adjusting the sales budget figures for opening and closing inventories. </em>

Production = Sales volume + closing inventory - opening inventory

Closing inventory = 20% × second quarter sales

= 20% × 20,000 = 4,000 units

<em />

<em>Production budget for the first quarter</em>

=17,000 + 4000 -4500

= 16,500 units

8 0

3 years ago