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3 years ago

8

The emergency food assistance program distributes ___________ for home and institutional use. funds to buy food meals grocery st

ore vouchers commodity foods, such as peanut butter and pasta

1 answer:

GalinKa [24]3 years ago

4 0

Food. Is there anything else to this?

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Which of the statements below is FALSE? A. The balance sheet reports the performance of the firm over the past period. It summa

Colt1911 [192]

Answer:

A. The balance sheet reports the performance of the firm over the past period. It summaries and categorizes a company's revenues and expenses for that period.

Explanation:

The balance sheet is a financial document or statement that shows a company's total assets at a particular time. It indicates how the assets are financed. A balance sheet reports the net worth of a business. It shows the assets, the liabilities, and the shareholders' equity.

The preparation of a balance sheet follows the principle of assets equals the sum of liabilities and equity. It does not record incomes of expenses of a business for a financial year. The income statement is the financial report that shows the revenue and expenses of a company in a period.

7 0

3 years ago

Acton Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its m

STALIN [3.7K]

Answer:

Acton Corporation

The overhead for the year was:

$1,208 overapplied

Explanation:

a) Data and Calculations:

Estimated manufacturing overhead $361,260

Estimated machine-hours 2,700

Predetermined overhead rate = $361,260/2,700 = $13.38

Actual manufacturing overhead $354,700

Actual machine-hours 2,660

Overhead applied = Actual machine hours * Predetermined overhead rate

= 2,660 * $13.38

= $355,908

Overapplied overhead = Overhead applied minus Actual overhead

= $355,908 - $354,700

= $1,208

6 0

3 years ago

Brightstone Tire and Rubber Company has capacity to produce 221,000 tires. Brightstone presently produces and sells 169,000 tire

Firdavs [7]

Answer and Explanation:

A. The preparation of the differential analysis dated January 21 on whether to reject (Alternative 1) or accept (Alternative 2) the special order from Euro Motors is presented below:

Differential analysis

Reject (Alternative 1) or accept (Alternative 2)

Jan 21

Particulars Reject order Accept order Differential effect on income

(Alternative 1) (Alternative 2) (Alternative 2)

Revenues

(26,000 tires × $93.6) $2,433,600 $2,433,600

Less: cost

direct material

(26,000 tires × $54) -$1,404,000 -$1,404,000

Direct labor

(26,000 tires × $24) -$624,000 -$624,000

Variable factory overhead

(26,000 tires × $24 × 0.62) -$386,880 -$386,880

Variable selling and admin expenses

(26,000 tires × $25 × 0.44) - ($114 × 4%)

-$167,440 -$167,440

Shipping cost

(26,000 tires × $7.65) -$198,900 -$198,900

Certification cost -$165,424 -$165,424

Income or loss -$513,044 -$513,044

B. As we can see that there is a loss of -$513,044 so the special order should be rejected

C. The minimum price is

= Selling price - differential income per unit

= $93.6 - (-$513,044 ÷ 26,000 tires)

= $93.6 - (-$19.73)

= $113.33

5 0

3 years ago

M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under P

zvonat [6]

Answer:

Date Units Unit Cost Unit Selling Price

July 1 Beginning Inventory 50 $ 10

July 13 Purchase 250 13

July 25 Sold (100 ) $ 15

July 31 Ending Inventory 200

Cost of Goods Available for sale= 250 units at $ 13+ 50 units at $ 10

= 3250 + 500= $3750

FIFO Ending Inventory $ 2600

200 units at $ 13= $ 2600

Sales 100At $ 15= $1500

FIFO Cost Of Goods Sold $ 1150

50 units at $ 10= $ 500

50 units at $ 13= $ 650

LIFO Ending Inventory $ 2450

50 units at $ 10= $ 500

150 units at $ 13= $ 1950

Sales 100 at $ 15= $1500

LIFO Cost Of Goods Sold $ 1150= Cost of Goods Available for Sale Less LIFO Ending Inventory = 3750- 2450= $ 1300

100 units at $ 13= $ 1300

Weighted Average Ending Inventory 12.5 * 200= $ 2500

Total Cost/ total units= 3750/300= 12.5

Weighted Average Cost Of Goods Sold $ 1150= Cost of Goods Available for Sale Less Weighted Average Ending Inventory = 3750- 2500= $ 1250

Weighted Gross Profit= Sales Less Weighted Cost Of Goods Sold= $ 1500- $ 1250= $ 250

7 0

3 years ago

Which of the following definitions describes a receptacle ground fault circuit interrupter (GFCI)

Luba_88 [7]

The choices can be found elsewhere and as follows:

a. Includes an extension cord
b. Replaces a circuit breaker on the main circuit board
c. Fits into the standard outlet box
d. Used when permanent protection is not available

I think the correct answer is option B. The best definition for a receptacle ground fault circuit interrupter (GFCI) would be it replaces a circuit breaker on the main circuit board.

8 0

3 years ago