C. It could only be withdrawn at a certain time.
Answer:
WIP inventory 904.91 debit
Finished goods 67.868,16 debit
COGS 35.239,43 debit
Factory overhead 104,012.5 credit
Explanation:
overhead rate_
642,500 / 514,000 = 1.25
labor cost
190,124 x 1.25 = 237.655 weight 33.88%
360,580 x 1.25 = 450.725 weight 65.25%
10,486 x 1.25 =<u> 13.107,5 </u> weights 0.87%
total overhead 701.487,5
actual overhead 805,500
over-allocated: 104.012,5
we debit all this concepts as they were understated and credit the applied overheas as it was under allocated.
Answer:
B. Emergent strategy
Explanation:
The scenario illustrate emergent strategy.
Emergent strategy: It can also be called "realized strategy". It refers to the pattern of action developed over time by a firm in the presence of absence of specific mission and goals. It implies that an organization is learning what works in practice.
Emergent strategy can be defined as a set of actions, or behavior, consistent over time that was not intended. It is a strategy that develops when an organization takes a series of actions that becomes a consistent pattern of behavior with time.
Emergent strategy involves strategic and tactical changes which responds to events as they arises.
Answer:
A liability account used to record the obligation to provide future services or return cash that has been received before services have been provided. ⇒ UNEARNED REVENUE represents cash paid in advance by your customers for future services or goods that you must provide.
B. Costs that result when a company sacrifices resources to generate revenues in the current period. ⇒ EXPENSES represent all the money or resources that a business uses in its regular business operations.
C. A type of asset account used to record the benefits obtained, when cash is paid before expenses are incurred. ⇒ PREPAID EXPENSES represent services paid in advance, e.g. you purchase a 2 year insurance policy.
D. The amount charged to customers for providing goods or services. ⇒ REVENUES represent the money that your company collects or should collect in the future in exchange for providing goods or services to its customers.
Answer:
correct option is d. $450
Explanation:
given data
Tony earns = $32,000
Liz earns = $31,000
Gross income = $63,000
Tony IRA contribution = $1,000
Liz IRA contribution = $2,000
solution
as we know that IRA limit is $6500
so they will get benefit here on = $1000 + $2000 = $3000
so benefit = $3000 × 15 %
benefit = $3000 × 0.15
benefit = $450
so correct option is d. $450