Which inventory counting system keeps track of removals from inventory on a continuous basis?

Suppose a society begins by producing 3 units of X and 4 units of Y and then alters production to 4 units of X and 4 units of Y.

melisa1 [442]

Answer:

This situation means that resources were not being efficiently used.

If society managed to produce 1 more unit of X with the same resources and technology, this means that some resources were idle in the past, which causes inefficiency.

This also means that the combination 3 units of X and 4 units of Y is a point inside the PPF. However, we do not know if the combination 4 units of X and 4 units of Y is a point inside the PPF, or on the PPF, because there could be some other combination that could be even more efficient (for example 5 units of both X and Y with the same resources and technology).

4 0

3 years ago

Money your company has in the bank is called what?

Nutka1998 [239]

The answer is a, a cash reserve

5 0

3 years ago

Read 2 more answers

Watson, Inc. applies overhead cost based on direct labor hours. In completing the 200 units in job #120, the company incurred $1

andriy [413]

Answer:

Total cost= $24,000

Explanation:

Giving the following information:

Watson, Inc. applies overhead costs based on direct labor hours. In completing the 200 units in job #120, the company incurred $12,000 in direct materials and 500 direct labor hours at $18 per hour. The predetermined overhead rate is $6 per direct labor hour.

Total cost= direct material + direct labor + manufacturing overhead

Total cost= 12,000 + 500*18 + 6*500= $24,000

3 0

3 years ago

the interest rate that determines the amount of cash interest paid each interest date is referred to as the

viktelen [127]

Answer:

Stated interest rate

Explanation:

The stated interest rate is the rate of interest in which the value of the cash interest that has to paid on each date of interest

The value of the cash interest paid could be determined by applying the following formula

= Face value of the securities × Stated interest rate

Therefore as per the given situation, the stated interest rate is the answer and the same is to be considered

5 0

2 years ago

On January 1, 2016, Sheldon Unlimited issues 12%, 15-year bonds payable with a face value of $250, 000. The bonds are issued at

vova2212 [387]

Answer:

1. Date Account Title and Explanation Debit Credit

January 1 Cash $265,000

2016 Premium on bonds payable $15,000

Bonds payable $250,000

(To record Issuance of bonds )

2 . Date Account Title and Explanation Debit Credit

June 30 Bond interest expense $14,500

2016 Premium on bonds payable $500

Cash $15,000

(Interest on bond paid and Premium amortized)

3 . Date Account Title and Explanation Debit Credit

Dec 31 Bond interest expense $14,500

2016 Premium on bonds payable $500

Cash $15,000

(Interest on bond paid and Premium amortized)

4. Date Account Title and Explanation Debit Credit

Dec 31 2030 Bonds payable $250,000

Cash $250,000

(Bond redeemed)

Working

Bond issue price (250000 / 100*106) $265,000

Face value $250,000

Premium on bonds payable $15,000

Number of Interest payments (15 years x 2) 30 period

Discount/ premium to be amortized per Half year $500.00

Interest on bond $15,000.00

Interest expense to be recorded $14,500

(15000-500)

8 0

3 years ago