Answer:
Dockside Enterprises
The minimum transfer price per hour that the repair division should obtain for its services, assuming it is operating at capacity is:
= $47.
Explanation:
Repair division's estimated variable cost per labor-hour = $37
Standard selling price per labor-hour = $77
Labor cost of the hire of outside repair workers per hour = $47
Minimum transfer price = the variable costs plus a calculated opportunity cost
Minimum transfer price = $47 ($37 + $10)
Calculated opportunity cost = $10 ($47 - $37)
Answer:
Adjustments are made at the end of the accounting period because making them on a daily basis would be inefficient.
Explanation:
Adjusting entries are adjustments made on accounts to recognize revenue or expenses that were not properly recorded before. They are usually done at the end of the month or the end of the accounting period to balance debit and credit records.
While you record daily transactions the same day in which they occur.
Answer: Legitimate
Explanation:
Legitimate power is one of the type of formal power that is specifically used in an organization where the high position manager control the lower position employee in the company hierarchy.
According to the given question, the legitimate power is mainly exercised for influenced the power recipient as the other sub-ordinates believed in legitimacy in the position. The legitimate power is basically derived from the status, position and the job position in an organization.
Therefore, Legitimate is the correct answer.
Answer:
$4,412
Explanation:
If the company estimates that $4,412 of accounts receivables will be uncollectible, then it must record that number under the Allowance for Bad debts Account.
That account started the year with a $3,284 balance, it decreased by $1,826 (debt written off), and then must be adjusted by crediting $2,954 so its balance = $4,412 on December 31.
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