Answer:
Dual
Explanation:
real estate transaction,which is used to convey ownership of a particular property to the buyer whereby there is a mutual agreement on some terms. The contract may be long it in shirt time.the end process is usually reffered to as “closing,” and this is a term that explains that both parties need to fulfill all terms and conditions that is associated with the exchange.
It should be noted that When a single broker represents both parties in a real estate transaction, a dual agency may exist.
Answer:
The answer is: A) Decrease in the demand for printers and a decrease in the quantity supplied of printers.
Explanation:
Since computers and printers are complimentary products, the increase in the price of computers will decrease the quantity demanded of computers and printers. Since the quantity demanded for printers will decrease, the quantity supplied should also decrease.
Answer:
The effect is an increase in the balance of assets by $87,000 and a corresponding increase in the balance of liabilities.
Explanation:
The accounting equation shows the relationship between all the elements of the balance sheet. These are the assets, liabilities and owners equity. It is shown as
Assets = Liabilities + Equity
When a company buys an asset on account, the entries required are debit assets, credit accounts payable. This means that asset increases but so does liabilities balance.
Hence asset increases to
= $624,000 + $87,000
= $711,000
Liabilities also increases to
= $262,000 + $87,000
= $349,000
Answer:
Option B
Cost of goods reported =$ 125,000
Explanation:
<em>Overheads are charged to units produced by the means of using an estimated overhead absorption rate. This rate is computed using budgeted overhead and budgeted activity level.
</em>
As a result of this, overhead charged to total units product might be over or under absorbed compared to the actual amount incurred.
<em>The under applied overhead implies that the applied overhead is less than the actual overhead. </em>
This implies that the cost of the goods are under valued. Hence, to accurately valued them, the under applied overhead would be added to the cost of the goods.
Cost of goods reported = cost of goods + under applied overhead
= 120,000 + 5,000 = 125,000
Cost of goods reported =$ 125,000
Answer: $283,140
Explanation:
Total Cost = Materials cost + Conversion cost
Conversion cost per unit = (Direct labor + Factory overhead ) / Equivalent units of production
= (142,300 + 57,200)/ ( 18,000 + (2,000 * 30%))
= 199,500/ 18,600
= $10.73 per unit
Direct material cost is $5 per unit from the question.
Total cost of the 18,000 units;
= (18,000 * 5) + (18,000 * 10.73)
= $283,140
