Answer:
Estimated manufacturing overhead rate (Meeting with clients)= $170 per hour
Explanation:
Giving the following information:
Activity Cost Pool - Total Cost - Total Activity
Researching legal issues $ 22,130 and 750 research hours
Meeting with clients $ 1,270,410 and 7,473 meeting hours
Preparing documents $ 93,490 and 5,850 documents
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate (Meeting with clients)= 1,270,410/7,473= $170 per hour
<span>C)<span>Specialization leads to interdependence.</span></span>
Answer: Reading the fine print: the producer would always make available fine print on their products which distinguishes them from other's, the consumer is expected to take note of that.
Explanation:
Fraudulent practise are being on the increase in business now, as many want to imitate firms and make gains out of their products. The following are what consumers can look out for to help them against this fraudulent practise.
1) Do not call list; the producer would make available how they can be reached and would want the consumer to reach them by such ways.
2) Reading the fine print: the producer would always make available fine print on their products which distinguishes them from other's, the consumer is expected to take note of that.
3) Terms and conditions: although this can be imitated but the producer has a unique way they would do theirs which the consumer should be aware of.
4) Personal information disclosures: when considering services, there will be need for releasing personal information, the customer should verify who they release information to.
Answer:
1. Record the adjusted for Dec 31 2021
Dr Unrealized holding loss—OCI 26,000
Cr Fair value adjustment 26,000
2.
No amounts would be reported in the income statement at December 31, 2021 .
Amount $ 0
Explanation:
1.
Fair-value adjustment of $0 to ($26,000):
Fair Value Adjustment
Balance on 1/1/2021 $0
± Adjustment needed to update fair value?
Balance needed on 12/31/2021 ($21,000 − $47,000) = ($26,000)
Fair-Value Adjustment
1/1/2021 $0
Change needed $26,000
12/31/2021 $26,000
2.No amounts would be reported in the income statement at December 31, 2021 because the accumulated net holding gains and losses are reported as a component of shareholders' equity while changes in the balance are reported as other comprehensive income in the statement of comprehensive income rather than as part of earnings.
The answer for this question is: Purchasing plant and equipment that worth more than the cash that they have.
By doing this, the company will be forced to find some funds that is not included in Company's budget, and the easiest method to do that is by searching for an emergency loan or by selling other assets that are not crucial for their operation.
