Answer:
False
Explanation:
The sales budget is a budget that indicates the amount of goods or services that the company expects to sell in a specific period of time. In order to make the sales budget, you have estimate the amount of units you plan to sell and multiply this for the selling price per unit to get the total sells. According to this, the statement that says that to develop the sales budget, companies must estimate both unit sales and the production cost per unit is false because to develop the sales budget, companies must estimate unit sales and selling price per unit.
Answer:
a. in the general ledger
Explanation:
When preparing the retained earnings statement, the beginning retained earnings balance can always be found in the general ledger.
Answer:
The balance of Work in Process as of April 30 is $3,470.
Explanation:
Work in Process
Apr. 1 Balance 6,600
Apr 30 Direct materials 51,600
Apr 30 Direct labor 190,900
Apr 30 Factory overhead 57,270
Apr. 30 Goods finished = Opening Balance + Direct Material + Direct labor + Factory overheads - Goods Finished during the April
Apr. 30 Goods finished = 6,600 + 51,600 + 190,900 + 57,270 -302,900 = 3,470
Finished Goods
Apr. 1 Balance 16,000
Apr 30 Goods finished 302,900
Answer:
1. True 2. True 3. False 4. True
Explanation:
Identify whether the given statements about climate change and economic growth are true or false.
1. Poorer countries have historically been responsible for the bulk of world carbon emissions because of poor technology and environmental regulations.
<em>True, because they cannot afford advanced technologies that minimize carbon emissions and most of their production assets produces waste in form of emissions that damages the environment e.g. gas flaring</em>
2. Air and water quality in developed countries is generally much better today than it was several decades ago.
<em>True, over time governments have increased spending in the area of public health and waste management.</em>
3. Tackling climate change issues is likely to only modestly dent long-term economic growth.
<em>False, because tackling climate change will protect the environment and the resources therein which are harnessed for economic growth.</em>
4. Carbon emissions are negatively correlated with economic growth.
<em>True, because carbon emissions damage the environment which holds the resources for economic growth.</em>
Answer:
The correct answer is option A.
Explanation:
The double coincidence of wants or coincidence of wants refers to the situation where two parties possess items that the other one wants so they exchange it directly without using money.
Here, a fan possesses a Mike Trout baseball card who wants to trade it for a Giancarlo Stanton baseball card but he does not know anyone who wants a Trout card and possesses a Stanton card.
Simply put, the fan doesn't know anyone who possesses the item he wants and is willing to trade it for the item he possesses. This is an example of failure in the double coincidence of wants.
