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3 years ago

Which factor helps bangladesh's goods stay competitive when compared to goods from china?

1 answer:

5 0

Factor which helps bangladesh's goods stay competitive when compared to goods from china is the price, this is due to the wages in Bangladesh, which are below the Chinese workers, and consequently, the prices of the products are set below the Chinese products, however, China maintains a high level of production and export.

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Unlike other car rental agencies that are based in airports to serve travelers, wheelz-on-rent has a network of neighborhood off

scZoUnD [109]

It can be concluded that the Wheelz On Rent most likely practices the concentrated marketing. Concentrated marketing is a type of strategy in which the products are being made and produced because of a specific segment of the population of the consumer of that they are likely to be made for a specific segment.

7 0

4 years ago

question content area for the year ended december 31, orion, inc. mistakenly omitted adjusting entries for $1,500 of supplies th

Oduvanchick [21]

Errors will have a $2,300 overstatement of net income on revenues, costs, and net income.

The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in the company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

Net income = Total revenue - total expenses

where,

Total revenue = Unearned revenue = $4,200

Total Expense = Supplies expense + insurance expense = $1,500 + $5,000 = $6,500

Net Income = Total revenue - Total Expenses = $4,200 - $6,500

Net Income = -$2,300

Therefore, there's an overstatement of $2300 in Net Income.

To know more about Net Income, refer to this link:

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6 0

1 year ago

The following information relates to Sheridan Company for the year 2022.

aliina [53]

Answer:

a. Computation of net income

Particulars Amount

Service revenue $52,500

Less: Expenses

Salaries and wages expenses ($23,520)

Utilities expense ($2,600)

Rent expense ($8,740)

Advertising expense ($1,510)

Net Income $16,130

b. Computation of comprehensive income statement

Particulars Amount

Net Income $16,130

Add: Other Comprehensive Income $380

Comprehensive Income $16,470

Note: Dividend will not be included as it forms part of Income statement

5 0

3 years ago

Mr. Slake sold 1,580 shares of publicly traded DDL stock (tax basis $49,240) for $40,000 cash on February 13. He paid $43,000 ca

garik1379 [7]

Answer:

$9,240 loss recognized

$43,000 basis

Explanation:

Tax basis of share purchase is the cost of share together with any tax related to this purchase.

Mr. Slake's loss recognized on the February 13 sale is $9,240 = total cost of 1,580 share purchased in the past - total amount collected from sales of these share = $49,240 - $40,000 = $9,240

His tax basis in purchase of 1,600 shares on Mar 2 is $43,000, the total cost he paid to acquire 1,600 shares

5 0

3 years ago

The following transactions occurred in April at Steve’s Cabinets, a custom cabinet firm. Purchased $80,000 of materials on accou

Airida [17]

Journal entry

1. Dr Material 80000

Cr Accounts payable 80000

(Purchase material on account)

2. Dr Work in process 4000

Cr Material 4000

(issue material)

3. Dr Material 56000

Cr Accounts payable 56000

( Purchase material on account)

4. Dr Accounts payable 80000

Cr Cash 80000

(Paid cash of material purchase)

5. Dr Work in process 68000

Cr Material 68000

( Issued material to production)

6. Dr Work in process 100000

Cr Wages payable 100000

(Direct labor incurred)

7. Dr Factory overhead 106000

Cr Cash 106000

( Paid cash on account of factory overhead)

8. Dr Work in process (100000*125%) 125000

Cr Applied factory overhead 125000

( To record applied factory overhead)

9. Dr Factory overhead 50000

Cr Accumulated depreciation 50000

( To record depreciation on plant and equipment)

T-account

Cash Material

Dr___________Cr__ __ DR ___________CR

148200 ---

---80000 80000 ---- 4000

---106000 56000 ---

-- 68000

Work in process Accounts payable

Dr____________Cr___ ___ DR ___________Cr

33000 ---

4000--- 80000 -- 80000

68000-- -- 56000

100000---

125000 ---

Wages payable Factory overhead

Dr ____________Cr__ __ Dr _____________Cr

--- 100000 106000 --

50000 --

Applied factory overhead Accumulated depreciation

Dr_____________Cr__ _ Dr ___________Cr_

--- 1250000 --- 50000

Finished goods Cost of goods sold

Dr_____________Cr__ _ Dr ___________Cr_

166000 --- --- 263400

--- 143200

Material end =?

Material (end) = 148200 +80000+56000-4000-68000=

Work in process (end) = ?

work in process = 148200+166000-143200 =171000

8 0

4 years ago