Answer:
Number 1 question: payroll taxes
income taxes
wages
short term loans
outstanding expenses
Number 2 question:
In its simplest form, your balance sheet can be divided into two categories: assets and liabilities. Assets are the items your company owns that can provide future economic benefit. Liabilities are what you owe other parties. In short, assets put money in your pocket, and liabilities take money out!
Explanation:
Answer:
TRUE
Explanation:
Now, Given that,
Total budget factory cost = 460000
Budgeted labour hours = 80 000
Actual direct labour hours = 6700
Thus,
Predetermined overhead rate = total budgeted factory cost ÷ budgeted hours
= 460000 ÷ 80000
= 5.75
Therefore,
Having gotten that, we can now calculate for amount of factory overhead which is given as
= Actual direct labour hours × predetermined rate
= 6700 × 5.75
= $38,525
$38525 is equivalent to the values given in the question, thus answer is TRUE.
Answer:
65 firms will be in the industry at the new long run equilibrium
Explanation:
in the long run the P=ATC
quantity before the change is
200 = 1000-4Q
4Q = 800
Q= 200
each firm output = Q/number of firms = 200 / 50
q = 4
new quantity is
200 = 1240-4Q
4Q = 1040
Q = 260
number of firms=new Q/q
=260/4 = 65
the number of firms is 65 in the long run.
Answer:
The answer is B a negative entry in the current account.
Explanation:
Balance of payments accounts of a country is the recording economic transactions (the payments and receipts) of the residents of the country with residents of other countries during a period of time.
Balance of Payments is in deficit or negative if imports are more than the exports and it is in surplus or positive if exports are more than imports during a period of time.
We have three categories of Balance of Payments:.
1. The current account which records the inflow and outflow of goods and services.
2. The Financial account which records
monetary flow like investment in real estates, fixed income(bonds), stocks etc.
3. The capital account which records the investments in fixed assets like land.
The correct answer is $380 per unit.
The lower-of-cost-or market rule requires that you report the lower value of either the purchase price or current market price of items in inventory. In this case the current market price is lower, so it should be used when calculating the value of inventory.