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3 years ago

2 economy questions ..

1 answer:

3 0

To protect consumers from potentially dangerous manufactured goods, the us government is most likely to use : Regulation
For example, the Government will put safety regulations to ensure that all the goods are fulfilling the standard

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In 2022, internal auditors discovered that Axel Corp., had debited an expense account for the $2,090,000 cost of a machine purch

antoniya [11.8K]

Answer:

Debit Depreciation expense $570,000

Credit Accumulated depreciation $570,000

(To record the accumulated depreciation for 3 years)

Explanation:

Using a Straight-line depreciation method, depreciation expense = (Cost - Salvage value)/Estimated useful life

Depreciation expense = $2,090,000 / 11 years = $190,000 yearly

We would assume that the internal auditors detected the error at the beginning of Year 2022, so the accumulated depreciation for 3 years (Jan 2019 - Dec 2021) would be $190,000 x 3 years = $570,000

The following correctional entries will apply:

Debit Fixed asset - Machine $2,090,000

Credit Expense account $2,090,000

(To appropriately record the purchase of machine)

The required adjustment fot the accumulated depreciation is recorded above under the answer section.

3 0

3 years ago

NewCorp has net income of $360. The firm pays out 35 percent of the net income to its shareholders as dividends. During the year

zmey [24]

Answer:

The cash flow to stockholders amounts to $45

Explanation:

Cash flow to stockholders is the term which is defined as the cash amount which the company pays out to the shareholders.

The cash flow to stockholders is computed as:

Cash flow to stockholders = Dividend paid - New equity raised

where

Dividend paid is computed as:

Dividend paid = Net Income × %

= $360 × 35%

= $126

New equity raised is $81

So, putting the values above:

Cash flow to stockholders = $126 - $81

Cash flow to stockholders = $45

4 0

3 years ago

Sleep Tight, Inc., manufactures bedding sets. The budgeted production is for 51,500 comforters this year. Each comforter require

andrezito [222]

Answer:

Total direct labor hours= 77,250

Direct labor cost= $911,550

Explanation:

Giving the following information:

Production= 51,500 units

Standard hours= 1.5 per unit

Standard rate= $11.8 per hour

First, we need to calculate the direct labor hours required:

Total direct labor hours= 1.5*51,500= 77,250

Now, the direct labor cost:

Direct labor cost= 77,250*11.8

Direct labor cost= $911,550

3 0

3 years ago

A licensing agreement: a. is the best way to protect proprietary technology from future competitors. b. can be greatly impacted

cupoosta [38]

Answer:

c. allows a foreign firm to purchase the right to manufacture and sell a firm's products within a host country.

Explanation:

The licensing agreement is a legal contract between the parties knows as licensor and the licensee, where the licensor allows for the sales of the goods and to apply the brand name of the product or use the patent technology.

As it usually refers to a written contract and the payment s termed as loyalty. Any failure to follow the agreement may lead to the termination of the license and the payments.

8 0

3 years ago

Colin presents his findings in class. His topic -- stories addressing effects of white flour on a person's health – features sci

Jet001 [13]

Answer:

Analogy is defined as a comparison between two things with an aim of clarification and explanation

- (D) A firm director describes the differences between documentary and fictional films to a group of people.

Definition means of a text, word,action or concept.

- (B) A professor asks his students to read the poem as if they are reading poetry for the very first time.

Visual Demonstration is an illustrative matter, for example a model, film or a slide designed to supplement spoken or written information in order to be understood easily.

- (A) The owner of a local coffee shop hangs up a map showing the countries the shop purchases it's coffee from.

4 0

3 years ago