Answer:
E. $40,600
Explanation:
Calculation for the amount of net income reported on Sparty's income statement
Revenue $97,000
Less: Operating Expenses $39,000
Profit Before Tax $58,000
(97,000-39,000)
Less Taxes $17,400
Net Income $40,600
($58,000-$17,400)
Therefore the amount of net income reported on Sparty's income statement will be $40,600
Explanation:
The adjusting entry is shown below:
Insurance expense Dr $1,800
To Prepaid insurance $1,800
(Being the insurance expense is recorded)
For recording the adjusting entry for advance purchase of insurance policy we debited the insurance expense and credited the prepaid insurance account so that the correct posting could be done
Answer: E. All of the above
Explanation:
In process costing, all of the above are used. Process costing is used for the production of goods that a re homogenous so the cost is the same for all the goods.
First one must visualize the flow of the goods to see the costs they incur at each stage. The equivalent units should then be calculated as this would show the number of units that the cost is being assigned to. Next is to divide the costs incurred by the equivalent units to find the cost per unit. Then calculate the cost of goods manufactured based on the manufactured and ending inventory
Answer:
C. Power
Explanation:
Bert's dominant need is power since the need for power is the desire within a person to hold control and authority over another person and influence and change their decision in accordance with his own needs or desires. The need to enhance their self esteem and reputation drives these people and they desire their views and ideas to be accepted and implemented over the views and ideas over others. These people are strong leaders and can be best suited to leading positions. They either belong to Personal or Institutional power motivator groups. If they are a personal power motivator they would have the need to control others and a institutional power motivator seeks to lead and coordinate a team towards an end.
Answer:
1. What is the value for the cell labeled AA?
2. What is the value for the cell labeled BB?
3. What is the value for the cell labeled CC?
4. What is the value for the cell labeled DD?
Explanation:
# of output marginal value of wage marginal
workers product marginal profit
of labor prod. of L.
0 0 -- -- $300 --
1 300 300 $600 $300 $300
2 500 200 AA $300 $100
3 600 100 $200 $300 BB
4 650 CC DD $300 -$200
AA = 200 x $2 = $400
BB = $200 - $300 = -$100
CC = 650 - 600 = 50
DD = 50 x $2 = $100
