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myrzilka [38]
3 years ago
6

Under herbert hoover, the food administration raised the price of grain so that

Business
1 answer:
Fofino [41]3 years ago
8 0

Hoover raised the prices of wheat and grains during World War 1 in order to incentivize farmers to produce more for the market.  

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The Berwin Company established a master budget volume of 35,000 units for April. Actual overhead costs incurred amounted to $98,
Gekata [30.6K]

Answer:

$12,000 Favorable

Explanation:

Given that,

Actual overhead costs incurred = $98,500

Actual production for the month = 34,000 units

Standard variable overhead rate = $1.75 per direct labor hour

Standard fixed overhead rate = $1.50 per direct labor hour

One direct labor hour is the standard quantity per finished unit.

Firstly, we need to find out the overhead applied by multiplying the actual production units with the standard overhead rate and standard quantity per finished unit.

Total standard overhead rate:

= Standard variable overhead rate + Standard fixed overhead rate

= $1.75 + $1.50

= $3.25

Overhead applied:

= Actual production × standard quantity per finished unit × Total standard overhead rate

= 34,000 × 1 × $3.25

= $110,500

Therefore, the total manufacturing overhead cost variance is determined by deducting the Actual overhead costs from the overhead applied.

It is calculated as follows:

= Overhead applied - Actual overhead costs incurred

= $110,500 - $98,500

= $12,000 Favorable

5 0
3 years ago
An investor purchases one municipal bond and one corporate bond that pay rates of return of 7% and 8.4%, respectively. If the in
balandron [24]

Answer:

  • After-Tax return on Municipal Bond = 7%
  • After-Tax Return on Corporate Bond = 6.72%

Explanation:

The main advantage that Municipal Bonds usually carry with them is that they are tax-exempt. As no taxes are paid on them, there is no need to calculate an after-tax return because it is the same as a pre-tax return.

After-Tax return on Municipal Bond = 7%

The Corporate Bond is subject to tax based on the holder's tax bracket.

After-Tax Return on Corporate Bond = 8.4 % * ( 1 - 20%)

After-Tax Return on Corporate Bond = 6.72%

<em>Considering taxes, the Municipal Bond is better. </em>

6 0
3 years ago
Which of the factors listed below contribute to the market value of a going concern? intangible assets market value of assets va
trasher [3.6K]

Answer:

intangible assets

market value of assets

extra earning power

Explanation:

As an accounting principle, going concern value means the value of a business or its assets considering that the business will continue to operate in the reasonable future. This is the opposite to the value assigned to assets or businesses that are being discarded or liquidated.

When you are trying to valuate a company, you have to consider the fair market value of its assets, its intangible assets, and its earning power (its ability to make higher than average profits).

The past share price is not useful in determining the present of the company and the value of future investments cannot be included until the investments are carried out.

7 0
3 years ago
Amanda's Interior Design has credit sales of $783,000, costs of goods sold of $418,000, and average accounts receivable of $107,
posledela

Answer:

The 50.30 days are required to take its credit customers to pay for their purchases.

Explanation:

For computing the average collection period, we have to use the formula of the average collection period.

Average collection period = Average accounts receivable ÷ Credit sales × total number of days in a year

= $107,900 ÷ $783,000 × 365

= 0.13780 × 365

= 50.30 days

We assume 365 days in a year

The cost of goods sold is irrelevant. Thus, it is not considered in the computation part.

Hence, 50.30 days are required to take its credit customers to pay for their purchases.

5 0
3 years ago
The liquidity approach to measuring money defines the M2 money supply as A. near monies. B. currency plus travelers checks and c
tatiyna

Answer:

The correct answer is C. M1 plus near monies.

Explanation:

The liquidity approach emphasizes the role of money as a store of value and downplays the role it plays as a means of payment. To assess the amount of money emphasizes that the essentially distinctive property of money is that it is the most liquid of assets.

The strict money supply or circulating medium (M1), which defines money as the money in the hands of the public and demand deposits (DV) is the usual most accepted formula as money. Therefore, money in the strict sense is listed as such in the monetary statistics of the International Monetary Fund (IMF) and many other financial institutions around the world.

7 0
3 years ago
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