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3 years ago

10

Luis received his account statement. He needs to make sure the balance in his checkbook register is correct. To reconcile his ch

eckbook, the first thing he should do is _____.

2 answers:

pishuonlain [190]3 years ago

4 0

Add alll of the transactions together

vladimir1956 [14]3 years ago

4 0

Add all of the transactions together

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In a long-run equilibrium,

Serga [27]

Answer: Option (d) is correct.

Explanation:

Correct option: Only a perfectly competitive firm operates at its efficient scale.

In the perfectly competitive market and in the long run, the firms who are making losses will exit the market and those firms who are able produce at a point where price is equal to the average total cost will exist in the market.

However, monopolistic firms operates at a below efficient level of production and with an excess capacity.

Competitive firms are generally enjoys the productive efficiency in the long run because these firms have the capability to produce at a lower average total cost.

8 0

3 years ago

To help developing countries expand their industrial base, some industrial countries have reduced tariffs on designated manufact

anzhelika [568]

Answer:

The correct answer is letter "B": generalized system of preferences.

Explanation:

Generalized System of Preferences or GSP is a set of preferential tariffs developed countries set to developing countries usually at a lower rate to boost the trade among those countries which mainly helps developing countries to increase the quality and number of their manufacturing companies.

3 0

3 years ago

Martinez Manufacturing applies overhead based on direct labor hours. The company estimates that their overhead for the year will

aev [14]

Answer:

The correct answer is C: underapplied by $2,500

Explanation:

Giving the following information:

Martinez Manufacturing applies overhead based on direct labor hours.

The company estimates that their overhead for the year will be $180,000 and that they will use 72,000 direct labor hours.

During the year, Martinez Manufacturing used 75,000 direct labor hours and actual overhead costs were $190,000

We need to calculate if the overhead was under or over applied and in what amount.

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

Predetermined overhead rate= 180000/72000= $2.5 an hour

Now, we can calculate the amount of overhead allocated:

Overhead allocated= 75000 hours*2.5= $187,500

Over/under applied= actual overhead - allocated overhead= 190,000 - 185,500= $2,500 underapplied

7 0

3 years ago

Company A purchases Company B. This is a 100% equity purchase which means that Company A acquires all of the Company B assets an

Drupady [299]

Answer:

Company A and Company B

Calculation of Goodwill on Acquisition:

= $212,433

Explanation:

a) Current market value of:

Tangible physical assets = $1,234,567

Intangible asset = $125,000

Total assets' value = $1,359,567

less Liabilities:

Operating = $160,000

Financial = 600,000 ($760,000)

Net value of assets = $599,567

Purchase Price (Company B) $812,000

Goodwill $212,433

b) Company A acquired Goodwill when it bought over Company B. This is an intangible asset which is calculated by subtracting the net value of assets (the difference between the fair market value of the assets and liabilities) from the purchase price of the acquired subsidiary.

3 0

3 years ago

In one paragraph, list and describe the three major effects of inflation on the economy

Bess [88]

Historically, for domestic investors, a high inflation rate<span> has been considered anything over the 3% to 4% annual range with the 3% to 4% figure considered benign. This rate, which would be a godsend for most of the world, is caused by numerous things, some of which have to do with certain monetary and structural advantages in the U.S. economy that may not last indefinitely. That said, for the past decade, the country has experienced a historically low interest rate environment due to unprecedented intervention in the monetary system by the Federal Reserve and lawmakers as part of the efforts to stave off collapse of the global economic system back between 2007 and 2009 when the real estate bubble peaked and imploded, dragging down all sorts of </span>asset classes<span> with it, including the stock market.</span>

5 0

3 years ago