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3 years ago

The level of service exports worldwide increased more than _______ between 1980 and 2010

1 answer:

4 0

The increase in level of service exports all over the world between 1980 and 2010 is extremely high which is about 10 folds. The phenomenon of economic globalization which means trading of goods, information and infrastructure between various countries is a major thing that occurred during this time.

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So, I got accepted to Stanford University, and I want to know more about it. Has anyone here got accepted to an Ivy League colle

levacccp [35]

I personally have not but my aunt did and she says it’s absolutely amazing! she really recommends:) oh and CONGRATS THATS AMAZING<33

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3 years ago

Read 2 more answers

Taylor Company began manufacturing operations on January 2, 20X1. During 20X1 Taylor reported pre-tax book income of $150,000 an

aleksley [76]

Answer:

$11,300

Explanation:

The computation of the deferred tax asset is shown below:

= 21%(20X2 Expense) + 25%(20X3 and 20X4 Expense)

= 21%($30,000) + 25%($15,000) + 25%($5,000)

= $6,300 + $3,750 + $1,250

= $11,300

3 0

3 years ago

Inventory at the end of the year was inadvertently overstated. Which of the following statements correctly states the effect of

jasenka [17]

Answer:

B net income is overstated, assets are overstated, and stockholders' equity is overstated

Explanation:

The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as

Opening balance + purchases - cost of goods sold = closing balance

Hence, where ending inventory balance is overstated, cost of goods sold is understated. When cost of goods sold is understated, gross and net incomes are overstated. Hence owner's equity is overstated and asset overstated.

6 0

3 years ago

A flexible budget for 15,000 hours revealed variable manufacturing overhead of $90,000 and fixed manufacturing overhead of $120,

Ket [755]

Answer:

B. $270,000.

Explanation:

The computation of the total overhead cost is shown below:

But before that first we have to find out the variable overhead per hour which is

= $90,000 ÷ 15,000

= $6 per hour

Now

Variable overhead for 25,000 hours is

= $6 per hour × 25,000

= $150,000

So,

Total overhead cost is

= Variable overhead for 25,000 hours + Fixed overhead cost

= $150,000 + $120,000

= $270,000

hence, the correct option is B. $270,000

6 0

3 years ago

Alexis Company was started in Year 1. At the end of Year 1 the Company had the following accounting equation.Assets = Liabilitie

swat32

Answer:

Company's assets at the end of Year 2 were provided by creditors = 20%

Explanation:

Calculation of Cash at the end of Year 2

Cash balance at the end of Year 1 $600

Less: Paid off to notes payable ($500)

Add: Earned cash revenue $700

Less: Paid cash expenses ($400)

Less: Paid cash dividend ($100)

Cash balance at the end of Year 2 $300

Notes payable at the end of Year 2 = Beginning balance - Paid off

= $1,000 - $500

= $500

Calculation of Notes Payable at the end of Year 2

Notes Payable at the end of Year 1 $1000

Less: Paid off to notes payable ($500)

Notes Payable at the end of Year 2 $500

Total assets at the end of Year 2 = Cash + Land

= $300+2200

= $2500

Creditors at the end of the Year 2 (Notes payable) = $500

Company's assets at the end of Year 2 were provided by creditors = Creditors * 100 / Total assets

= $500 * 100 / $2500

= 20%

5 0

2 years ago