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3 years ago

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1. ________ dictate the terms and conditions state governments would have to meet in order to qualify for financial assistance i

n a specific policy area. a. Categorical grants b. Block grants c. Unfunded mandates d. Crossover sanctions

1 answer:

tino4ka555 [31]3 years ago

6 0

Answer:

a. Categorical grants

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Hilton Company manufactures two products: Product A100 and Product X500. The company currently uses a plantwide overhead rate ba

Serggg [28]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the predetermined overhead rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 765,000 / (7,000 + 6,200)

Predetermined manufacturing overhead rate= $57.95 per direct labor hour

<u>Now, we can allocate overhead to each product:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Product Y:

Allocated MOH= 57.95*7,000= $405,650

Product Z:

Allocated MOH= 57.95*6,200= $359,390

<u>Finally, the allocation rates based on ABC:</u>

Machining= 231,000 /11,000= $21 per machine hour

Machine setups= 180,000/300= $600 per setup

Production design= 94,000 / 2= $47,000 per product

7 0

2 years ago

Which type of delivery format would be the best choice for the keynote speech that welcomes employees?

Naya [18.7K]

I think a. manuscript

5 0

2 years ago

How would a sale of $400 of inventory on credit affect the balance sheet if the cost of the inventory sold was $160

dimaraw [331]

Answer:

the journal entries used to record this transaction are:

Dr Accounts receivable 400

Cr Sales revenue 400

Dr Cost of goods sold 160

Cr Inventory 160

This transaction will increase net income, which increases retained earnings by $240. It will also increase assets by $240, since accounts receivable increases by $400, but inventory decreases by $160.

5 0

2 years ago

Motorcycle Manufacturers, Inc. projected sales of 59,700 machines for the year. The estimated January 1 inventory is 6,410 units

svlad2 [7]

Answer:

Production= 60,740

Explanation:

Giving the following information:

Sales= 59,700

Beginning inventory= 6,410

Desired Ending inventory= 7,450

<u>To calculate the production for the year, we need to use the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Production= 59,700 + 7,450 - 6,410

Production= 60,740

3 0

2 years ago

Which of the following is not a correct way of calculating a liquidity ratio?

aleksley [76]

Option C -Operating Cash Flow = Current Liabilities / Operating Cash Flow s not a correct way of calculating a liquidity ratio.

Liquidity ratios are a measure of a company's ability to settle its short-term payments. A company has the ability to quickly exchange its revenues and is using them to pay his obligations is dictated by its liquidity ratios. The potential to pay back debts and keep engaged on installments is simpler the better the ratio. Since this can vary by industry, and current ratio of 1.0 usually signals that a group's debt do not exceeding its liquid assets. In enterprises in which there is a quicker product changeover and/or shorter payment cycles, ratings below 1.0 may be acceptable.

Absolute liquidity ratio =(Cash + Marketable Securities)÷ Current Liability.

Learn more about Liquidity ratios here:

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3 0

9 months ago