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Anna11 [10]
3 years ago
14

An allocation base that causes overhead costs to be incurred is called a(n):

Business
1 answer:
barxatty [35]3 years ago
7 0
It is called A COST DRIVER. A cost driver refers to any factor that causes a change in the cost of an activity. Cost driver is used to assign overhead costs to the quantity of a particular goods that is manufactured. Example of a cost driver is direct labour hours input into a production operation. 
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Ratling [72]

Answer:

Dr Salaries expense $7,552

Cr Accrued salaries $7,552

Being entries to record salaries payable as at year end

Explanation:

When an expense is incurred but yet to be paid by an organization, the entries required are

Dr Expense (p/l)

Cr Accrued expense (B/s)

when payment is made

Dr Accrued expense (B/s)

Cr Cash account

Given that Zoey Bella Company has a payroll of $9,440 for a five-day workweek and the year ends on a Thursday. As such, the company  as at 31 December has incurred salaries for 4 days. This has to be accrued for but first to calculate the amount

= 4/5 * $9,440

= $7,552

Hence adjusting entry required on December 31, assuming the year ends on a Thursday

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Cr Accrued salaries $7,552

Being entries to record salaries payable as at year end

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2 years ago
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Explanation:

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Answer:

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What is something economists need to know the least in order to effectively fine tune the economy?
Art [367]
<span>b. the cpi is what the economists need to know the least.
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2 years ago
An investor purchased on margin Orange Computer for $30 a share. The stock's price subsequently increased to $50 a share at whic
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Answer:

A. 104%

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Explanation:

A. Calculation for what would be the percentage return earned

Percentage return =($50-$30-30*60%*7%)/30*60%

Percentage return(20-$18*.07)/18=

Percentage return=1.04*100

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B. Calculation for What would have been the return if the investor had notbought the stock on margin

Percentage return=($50-$30)/$30

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Therefore What would have been the return if the investor had notbought the stock on margin is 66.7%

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2 years ago
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