Answer:
An income statement under absorption costing includes all of the following:
Direct materials
Direct labor
Variable overhead
Fixed overhead
Explanation:
The difference between the income statement under the absorption costing system and the income statement under the variable costing system is in how the cost of goods sold and the ending inventory are evaluated. Whereas, absorption costing includes all the costs incurred in determining these costs, variable costing only includes the variable costs in the cost of goods sold and the ending inventory.
Answer:
a. Cash and accounts payable
Explanation:
The journal entry to record this given transaction is shown below:
Equipment A/c Dr $5,000
To Cash A/c $1,000
To Account payable A/c $4,000
(Being the equipment is purchased for cash and on account)
Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account
Answer:
D. $300
Explanation:
The goodwill is computed below:
Carrying value = Purchase price - Total owners equity - excess value of an assets
= $4,000 - $2,000 - $500
= $1,500
The implied value = Total market value - market value of its net identifiable assets
= $3,200 - $2,000
= $1,200
So, the difference is
= $1,500 - $1,200
= $300
The difference is term as a goodwill
Answer:
B. Unique
Explanation:
Unique demographics advertising is the scenario in which a company designs an add to reach a specific niche of the market. In this case the company is using previous client’s experiences to give their testimonials of the product.
This technique is used almost by all big companies as a part of their selling speech. The aim is to give trust in the product or service for future clients. usually a short video is displayed with the testimonials captioning the name and job position within the company that previously bought the good or service, this caption is a way to prevent deceive information or bogus testimonials.
Answer:
report talk
Explanation:
The conversation between Pat and Gerard is a classic example of report talk, where the individuals included in the conversation simply state facts about various things, giving little to no emotions into what they talk about.
This conversation ritual is opposed to rapport talk, where emotions and empathy are infused in the conversation.
