Answer:
correct option is a) $441,000
Explanation:
given data
Cash payments = $455,000
beginning accounts payable = $64,000
ending accounts payable = $50,000
solution
we use here T account equation and get accrual-basis purchases that is
ending accounts payable = beginning accounts payable + Accrual purchases - Cash payments .......................1
put here value we get
$50,000 = $64,000 + Accrual purchases - $455,000
solve it we get
Accrual purchases = $441,000
so correct option is a) $441,000
Answer:
The correct answer is: Accounts receivable.
Explanation:
Accounts receivable is an accounting term used to refer to the money that is owed to a company by its customers. The company that may be individuals or corporations are the debtors since they owe money for the goods or services provided by the company on credit. Accounts receivable are recorded as a current asset in the Balance Sheet.
Answer:
C. The actual variable overhead costs were lower than the budgeted costs.
Explanation:
Variable Overhead Cost variance =Budgeted cost - Actual Cost
where this value is positive, this is favorable, where this is negative it is unfavorable.
Actual cost = Actual hours X Actual rate per hour
Budgeted Cost = Budgeted hours for actual level of production X Budgeted rate per hour
Even if actual hours are lower than budgeted it will not lead to favorable overhead as actual rate per hour might be less.
Total variable overhead will only be favorable when net actual variable overhead cost is less than budgeted variable overhead costs.
C. The actual variable overhead costs were lower than the budgeted costs.
Answer:
lower; the same as it was before
Explanation:
If an economy moves from a steady state with positive population growth to a zero population growth rate, then in the new steady state, total output growth will be lower, and growth of output per person will be the same as it was before.
Answer:D. The holding period of the office building includes the holding period of the factory building
Explanation:
The holding period simply refers to the period of time that a particular investment is being held by an investor.
The holding period csn.also be referred to as the period between when a security is purchased and when it is sold.
With regards to the question, the holding period of the office building includes the holding period of the factory building. Therefore, the correct option is D.
