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3 years ago

A country's exports minus its imports during a period are:

1 answer:

6 0

Balance of Trade: A country's exports of goods and services minus its imports of goods and services. Trade Deficit: Occurs when a country's exports of goods and services are less than its imports of goods and services in a given period.

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g Jackson Industries uses a standard cost system in which direct materials inventory is carried at standard cost. Jackson has es

True [87]

Answer:

Direct material price variance= $21,450

Explanation:

Giving the following information:

Direct materials 4 pounds $4.70 per pound

May:

Jackson purchased 107,250 pounds of direct material at a total cost of $525,525.

To calculate the direct material price variance, we need to use the following formula:

Direct material price variance= (standard price - actual price)*actual quantity

Actual price= 525,525/107,250= $4.9

Direct material price variance= (4.7 - 4.9)*107,250

Direct material price variance= $21,450

3 0

3 years ago

A person has a choice between an apple or an orange. The person chooses the apple. What is the opportunity cost of choosing the

Inessa [10]

The opportunity cost would then be not having the orange.

8 0

3 years ago

Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable $ 6,800 Retained earnings $ 58,000 Bu

krek1111 [17]

Answer:

Adams Co.

Balance Sheet as of December 31.

Assets

Current Assets

Cash $32,000

Accounts Receivable $12,000

Merchandise Inventory $15,600

Office Supplies $3,600

Prepaid Rent $7,800

Prepaid Insurance $4,600

Total Current Assets $ 75,600

Property, Plant and Equipment

Land $38,000

Building $67,800

Accumulated Depreciation $(6,600) $61,200

(Buildings)

Total Assets $ 174,800

Liabilities

Current Liabilities

Accounts Payables $18,000

Salaries Payable $6,800

Total Current Liabilities $24,800

Long term Liabilities 

Notes Payable $46,000

Mortgage Payable $28,000

Total Long term Liabilities $74,000

Total Liabilities $98,800

Stockholder's Equity

Common Stock $18,000

Retained Earnings $58,000

Total Stockholder's Equity $76,000

Total Liabilities & Stockholder's Equity $174,800

4 0

2 years ago

4. You are considering adding a microbrewery onto one of your firm's existing restaurants. This will entail an increase in inven

IrinaK [193]

Answer:

$6400

Explanation:

Working capital is the net of current asset and current liabilities. it is a financial measure that gives insight into how liquid a company is considering that it shows whether or not the current assets can be used to settle the current obligations or liabilities of the company adequately.

The change in property, plant, and equipment of $48,000 is not an element of working capital, Hence change in working capital

= $8700 - $2300

= $6400

5 0

3 years ago

Belinda keeps a record of her expenses for the week as shown:

Mademuasel [1]

Answer:

d. $38.00

Explanation:

The computation of the overall Belinda expense for the week is shown below:

= Bus fare expense + lunch out expense + hair cut expense + movie rental expense

= $8.70 + $7.35 + $16 + $5.95

= $38

We have added all the types of expenses that are provided in the case i.e. bus fare, lunch out, hair cut and movie rental expenses.

6 0

3 years ago