Answer:
Focused differentiation.
Explanation:
This strategy usually focuses on narrow segments which tends to achieve either an advantageous cost or differentiation.
Differentiation is also said to involves making your products or services different from and more attractive than those of your competitors. How you do this depends on the exact nature of your industry and of the products and services themselves, but will typically involve features, functionality, durability, support, and also brand image that your customers value.
Question Completion:
Since the Trial Balance was not provided, we assume that the Supplies account had a beginning balance of $120 for the purpose of this exercise. Any other figure can be substituted for this balance.
Answer:
Adjusted Trial Balance as of December 31: Income Statement Balance
Debit Credit Expense Revenue Sheet
a. Depreciation expense $18 $18
Accumulated Depreciation $18 -$18 assets
b. Accrued Salaries $21 $21
Salaries Payable $21 $21 liabilities
c. Unearned Revenue $27 -$27 Liab.
Earned Revenue $27 $27
d. Supplies Expense $30 $30
Supplies $30 -$30 assets
e. Insurance Expense $30 $30
Prepaid Insurance $30 -$30 assets
Explanation:
Company B with the adjusting events above, usually recorded through the adjusting journal, can also be adjusted directly in the trial balance with their effects on the financial statements clearly demonstrated. Expenses have debit accounts while liabilities have credit accounts. Expenses reduce the net income, revenues increase the net income, while liabilities and assets can be reduced or increased as the case may be.
Answer:
C) Programmer
Explanation:
Creative process could be regarded as
a process of unconscious and conscious mind, it is a simple term of inspiration. It involves critical thinking and ability to solve problems with one skills. According to Graham Wallas who model a creative process, in the book of " The Art of Thought" told us about the stages involves in the creative process which are;
✓preparation (or saturation)
✓incubation
✓ illumination
✓ verification (or implementation).
Out of the given options only programming can be regarded as a creative process.
Answer:
Part a.
Yes, variable costing operating income is less than or greater than absorption costing.
Part b.
$247,860
Explanation:
The difference between variable costing operating income and absorption costing operating income lies in the fixed costs deferred in inventory.
The profit in both method is the same if and only if there is no inventory. That means units produced equal units sold (Production = Sales)
The absorption costing method includes fixed manufacturing cost in determining product costs whereas the variable costing method only accounts for variable manufacturing cost.
When the units produced are greater than units Sold (Production > Sales) , Fixed Costs in Inventory increases this means absorption profits will be greater than Variable costing profit as <em>Fixed costs in inventory value reduces cost of sales in absorption costing.</em>
<u>Difference in variable costing and absorption costing operating income.</u>
Difference = (81,000 - 76,140) x $51
= $247,860
Answer:
Explanation:
• Ms. Vello earned $127,200 income this year. Compute her city income tax and determine her average tax rate.
Ms. Vello's tax is calculated as:
= $72,200 × 7%
= $72000 × 0.07
= $5054
Her average tax rate will be:
= $5,054/$127,200
= 3.97%
• Mr. Sui earned $68,900 income this year. Compute his city income tax and determine his average tax rate.
Mr. Sui's tax will be:
= $13,900 × 7%
= $13900 × 0.07
= $973
His average tax rate will be:
= $973/$68,900
= 1.41%
• Does Willford have a proportionate, progressive, or regressive tax rate structure
Willford has a progressive tax rate. This is because as the base rises, the tax rate also increases. The higher the income, then the higher the tax rate will also be.
