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Ymorist [56]
3 years ago
9

Which of the following statements is false?

Business
2 answers:
tangare [24]3 years ago
4 0
I believe the In a limited liability partnership, all partners are limited partners
olga_2 [115]3 years ago
3 0

Answer:

A) sole proprietorship is a type of limited partnership

Explanation:

A sole proprietorship is not a type of partnership, not a general partnership, nor a limited partnership.

Sole proprietorships are the simplest business organizations, since they are not a separate legal entity. A sole proprietorship only requires one single person that works in the business and who is completely responsible and liable for all the business profits, obligations and debts.

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Finn Manufacturing Company uses a job order cost accounting system and keeps perpetual inventory records. June 1 Purchased raw m
Gelneren [198K]

Answer:

raw materials    20000 debit

accounts payable   20000

WIP         8000 debit

factory overhead 1000 debit

raw materials   9000 credit

WIP           84000 debit

factory overhead 24000 debit

wages payables  108000 credit

factory overhead     10100  debit

cash   10100 credit

WIP   49000 debit

factory overhead   49000 credit

Finished Goods   18000 debit

WIP inventory   18000 credit

COGS   15000 debit

Finished Goods   15000 credit

Explanation:

The indirect materials and labor will be considered actual factory overhead thus debited into that account

same procedures applies to the repair and utilities paid in cash we have to posted into factory overehad

from the cost sheet we determiante 7,000 labor hours we apply the $7 overhead rate per our to get the amount of applied overhead

The finished goods will increase while the WIP inventory decrease by the ammount transferred out

The COGS is an expense which decreases our finished goods inventory as we sale them and are no longer in our possesion.

5 0
3 years ago
The long run is best defined as a time period during which at least one input cannot be changed. during which all inputs can be
Olegator [25]

Answer:

The long run is best defined as a time period

  • during which all inputs can be varied.

One thing that distinguishes the short run and the long run is

  • the existence of at least one fixed input.

Explanation:

On the long run, all productive inputs can be changed and/or altered. that includes fixed costs like equipment and machinery, building facilities, processes, wages, etc.

On the short run, at least one of the inputs used to produce our goods or services cannot be changed, e.g. wages tend to be sticky, fixed costs (depreciation of equipment and machinery, buildings, etc.)

7 0
3 years ago
A product sells for $200 per unit, and its variable costs per unit are $130. The fixed costs are $420,000. If the firm wants to
ruslelena [56]

Answer:

A 6,500

Explanation:

The number of units to be sold is calculated as;

= (Pretax income + Fixed costs) ÷ Contribution margin

Given that;

Pretax income = $35,000

Fixed costs = $420,000

Contribution margin

= Selling price per unit - Variable cost per unit

= $200 - $130

= $70

= ($35,000 + $420,000) ÷ $70

= 6,500 units

6 0
2 years ago
Providing something to a target market that is unique and valuable beyond simply offering a lower price than that of the competi
Scrat [10]

Answer:

Product or service differentiation competitive advantage

Explanation:

Product or service differentiation is the procedure of distinguishing the service or the product from others in order to make the product or service more attractive for a specific target market.

And Product or service differentiation is a competitive advantage which is tactic of strategic positioning for an business or firm could undertake in order to set its services or products and the brands apart from those of the others.

So, offering the target market which is unique or different by offering lower price than the others or competitors are known as product or service differentiation competitive advantage.

7 0
3 years ago
Look at the picture, which one is the correct answer?
Vinil7 [7]
I think it “A law of demand”?
4 0
3 years ago
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