Answer:
See below
Explanation:
Date General journal Debit Credit
Jan. Work in process $39,192
Manufacturing overhead $39,192
($55,200 × 71%)
Feb. Work in process $36,210
($51,000 × 71%)
Manufacturing overhead $36,210
March. Work in process $45,866
($64,600 × 71%)
Manufacturing overhead $45,866
Answer: c. step-variable cost
Explanation:
Step variable costs are variable costs in that they change in relation to the level of activity.
They are different from true variable costs however because they are only incurred at certain points. In other words, they are only incurred when the level of activity reaches a certain point.
In this case, the cost of the shirt is incurred depending on activity so it is a variable cost. It will however only be incurred at certain activity levels which fits the definition of a step-variable cost.
Answer:
The accrued interest is $2,520
Explanation:
The computation of accrued interest is shown below:
= (Notes payable amount) × (interest rate) × (number of months ÷ total number of months in a year)
= ($42,000) × (8%) × (9 months ÷ 12 months)
= $2,520
The 9 months is computed from April 1, 2016, to December 31, 2016
. Moreover, all the item values are to be considered in the computation part.
Answer:
A strong economy country is a country with wealth and has a high currency value. While the currency value is low for the weak economy country.
Explanation:
A country having a strong economy means that the country is thriving and prospering. The economic growth of a strong economy have a high rate. It means the national GDP of a country is high and there is an increase in the average income of the people.
While a country with a weak economy has a lower growth rate. The poverty and unemployment rate of the country is also high. GDP growth is minimum.
Some of the important measures that can be taken to make a strong economy is that employment, education, increase national produce and services, controlling inflation, eliminating corruption and many more.
The process of Automated Clearing House make it take up to 4-6 business days to process payment request.
The payment request is a process initiated by the creditor and it is majorly based on website platform such as P.aypal, P.ayoneer etc.
Usually, when a payment request is initiated, a process called Automated Clearing House (ACH) is used by the financial institution to help transfer money to respective account of potential receivers.
However, the Automated Clearing House process can take up to 3,4, or 5 business days before the account will be credited even after the sender account have been debited.
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