Given that <span>Tracy
enters a car dealership interested in buying a new car. Immediately she
is greeted by a salesman offering her water or soda and a cookie.
The
salesman is likely relying on the reciprocity social norm to help persuade tracy to
buy a car.
</span>R<span>eciprocity is a social norm of responding to a positive action with another positive action, rewarding kind actions.</span>
Answer:
The answer is: Inventory cost is $4,900
Explanation:
ACB Manufacturing purchased $6,000 worth of merchandise with credit terms 2/10 or n/30. This means that if the company pays its debt within 10, it will receive a 2% discount.
It returned $1,000 worth of defective merchandise, decreasing its total debt to $5,000. Since ACB Manufacturing paid its debt within the first ten days, it got a 2% discount. It paid a total of $4,900 for the merchandise, so that should be its inventory cost.
Answer:
1)
Net working capital = Current assets - current liabilities
2,135 = Current assets - 5,320
Current assets = 7,455
Current ratio = Current assets / current liabilities
Current ratio = 7,455 / 5,320
Current ratio = 1.40
2)
Quick ratio = (Current assets - inventory) / current liabilities
Quick ratio = (7,455 - 2,470) / 5,320
Quick ratio = 0.94
Answer:
Amount of underapplied or overapplied overhead cost for the year
$97000 - Underapplied
Schedule of cost of goods manufactured for the year
Direct Material 3885000
Direct Labor 60000
Overheads 376000
Total Manufacturing Costs 4321000
Add Opening Inventory WIP 400000
Less Closing Inventory WIP (700000)
Cost of Goods Manufactured 4021000
Explanation:
Amount of underapplied or overapplied overhead cost for the year
Underapplied or Overapplied overhead cost =Actual Overhead - Applied Overhead
$473000-$376000= $ 97000
Schedule of cost of goods manufactured for the year
<em>Direct Materials Calculation </em>
Opening 200000
Add Purchases 4000000
Available 4200000
Less Closing Material 300000
Materials Consumed 3900000
Less Indirect Materials 15000
Direct Materials Consumed 3885000
Answer:A) Research about aptitude testing.
Explanation: The United States of America through its Department of Education uses Subparts to ensure protection of children and minors used or engaged in research by researchers, it gives certain exemptions especially as it is seen in SubpartD which gives exemptions for the use of children in research that concerns education tests such as RESEARCH ABOUT APTITUDE TESTING.
