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pochemuha
4 years ago
5

Consider the following statements regarding traditional costing systems:

Business
1 answer:
joja [24]4 years ago
5 0

Answer:

Statement I and III

Explanation:

Under traditional costing, there is no such identification of various activity pools like activity costing, there is general allocation of overheads based on overhead assigned on labor hours, or machine hours etc:

This is the method in which volume of goods is important and that is what matters for cost allocation.

Further, when they require numerous activities and then the costs allocation based on each different process or activity is not possible as number of activities are really high.

Therefore Statement I and Statement III are correct.

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Suppose that the Fed has decided to utilize the Taylor rule to implement monetary policy. If the actual federal funds rate targe
spin [16.1K]

Answer:

The correct answer is:

A) monetary policy is very expansionary.

Explanation:

In this case the Taylor Rule states that the Fed must increase rates as the target of the inflation is up the Gross Domestic Product. Therefore, according to the expansionary policy, the central bank employs certain mechanisms in order to look with favor on the economy. The main idea of this strategy is to be able to lower the interest rates and also to increase the aggregate demand.

5 0
3 years ago
Dayton Corporation began the current year with a retained earnings balance of $18,180. During the year, the company corrected an
andreyandreev [35.5K]

Answer:

$24,431

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

If the company failed to record a depreciation expense of $3,686 on equipment, the retained earnings would have been overstated as a result of the overstatement of the net income.

the movement in the retained earnings may be expressed as

opening balance + net income - omitted expense - dividend declared = closing balance

hence the closing balance

= $18,180 - $3,686 +$14,406 - $4,469

= $24,431

3 0
3 years ago
question for business if you had 1 million dollars to start a business thats new and never done before what would it be i cant t
Svet_ta [14]

Answer:

an electronical dog walker idk lol

Explanation:

5 0
3 years ago
Read 2 more answers
Tina's aquarium has a capacity of 40 gallons of water she plans to stock her aquarium with 0.25 inches of fish per quart of Capa
fomenos

Answer:

The number of mollies will be 20

Explanation:

Capacity of aquarium is 40 gallons

and

1 gallon = 4 quart

Therefore, 40 gallons will be:

40 gallons = 4 × 40

= 160 quart

Now, As per question,

0.25 inches of fish need 1 quart capacity

1 quart = 0.25 inches fish

So,

160 quart capacity will be:

= 0.25 × 160

= 40 inches fishes

And the size of mollies fish is 2 inches

The, the number of mollies fish will be:

Number of mollies = Total size of fish / Size of mollies fish

= 40 / 2

= 20

Therefore, the number of mollies will be 20.

7 0
4 years ago
The federal reserve's goal in managing the money supply is to ensure that money retains its value.
sattari [20]
The answer is B: False The Federal's Reserve goal is t<span>o provide the nation with a safer, more flexible, and more stable monetary and financial </span>system<span>.</span>
6 0
4 years ago
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