False.
The business owner should not only rely on his best judgement to determine projected costs and revenues. He should consider the trends in the market and his company performance on the previous months in order to make a sales forecast.
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Answer:
$33,410
Explanation:
The computation of Ending finished goods inventory after allocation of underapplied or overapplied manufacturing overhead is shown below:-
Ending finished goods inventory after allocation of overapplied manufacturing overhead
= (Total of finished goods - (Manufacturing overhead applied of finished goods ÷ Total of Manufacturing overhead applied) × Overapplied amount
= ($34,530 - ($6,240 ÷ $39,000) × $7,000)
= $34,530 - $1,120
= $33,410
Answer:
1. An increase in the cost of some goods such as escalating gasoline prices.
Explanation:
The standard of living refer to a comfort level, the goods, and the material, necessities and wants that are available to a person
In case when there is a decline in standard of living so it is due to the increased in price as it reduced the purchasing power of the consumer
If the price of the goods increased, then the quantity demanded decreased as per the law of demand
Therefore in the given case, the option A is correct
Reality of contract of an agreement is said to be present in a contract when there is genuineness.
When there is true meeting of minds or reality of agreements is the genuineness. Fraud charges are proven wrong only if they are in a written form of contract.
Be it spoken or act of conduct it cannot be stated as a fraud without any consent present information. They are not backed by fraud cloud, misrepresentation, undue influences and mistakes. It is definite and claim which is fairly straight forward in contracts. Reality emerges if the contract is fulfilled on time with due influence.
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