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Maurinko [17]
4 years ago
8

Tops burger, a ________ based in amarillo, texas, has restaurants in 25 countries. multinational organization foreign firm congl

omerate multinational corporation foreign partner
Business
1 answer:
Sindrei [870]4 years ago
3 0
<span>multinational corporation Let's look at the available options and see what fits best. multinational organization * Technically, all companies are organizations, but generally this is reserved for organizations that aren't commercial enterprises. So this is not the correct answer. foreign firm conglomerate * This one fails on several fronts, but the most basic is conglomerate which implies multiple lines of business. We're just dealing with a restaurant chain. So this is the wrong answer. multinational corporation * This looks good. The company is obviously multinational since it has restaurants in 25 countries. And it is a company. Pretty clearly this is the right choice. foreign partner * A foreign partner is an other company that's based in a foreign country. For instance, some manufacturers may get parts from a foreign company to use in their own products. So there's a relationship between the local and foreign companies. But they're not owned and operated by the same overall group. So this is the wrong answer.</span>
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Billy Boi Corporation applies manufacturing overhead on the basis of direct labor-hours. At the beginning of the most recent yea
Lena [83]

Answer:

The correct answer is $5,160.

Explanation:

According to the scenario, the given data are as follows:

Estimated OH = $88,480

Estimated direct labor hour = 2,800 labor hour

So, Estimated OH per labor hour = $88,480 ÷ 2,800 = $31.6 / labor hour

Actual OH = $80,160

Actual Direct labor hour = 2,700 labor hour

Now,  Applied OH = Estimated OH per labor hour × Actual Direct labor hour

= $31.6 × 2700

= $85,320

Since, Applied OH is Greater than Actual OH, it is underapplied OH.

Underapplied OH = Applied OH - Actual OH

= $85,320 - $80,160

= $5,160.

Hence, the underapplied OH for the year was $5,160.

6 0
3 years ago
Sarasota Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January 2, 2020. The sales price in
swat32

Answer and Explanation:

The journal entries are shown below:

Account Receivable $409,500

           To Sales Revenue $367,000

           To Unearned Service Revenue $42,500

(Being account receivable is recorded)

Cost of Goods Sold $310,000

           To Merchandised Inventory $310,000

(Being cost of goods sold is recorded)  

These two journal entries are to be recorded

7 0
3 years ago
Shelton, Inc. has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense of $21,000, and a tax
Ad libitum [116K]

Answer:

The Income Statement  is-

Sales = $435,000

Costs = 216,000

Depreciation = 40,000

EBIT= $179,000

Interest = 21,000

EBT = $158,000

Taxes = 55,300

Net income = $102,700

I have done this question before in my "Money Management" Dual enrolled class.

:)

4 0
3 years ago
You purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50%, and the maintenance m
SIZIF [17.4K]

Answer:

$50

Explanation:

The computation of the stock price level is shown below:

Maintenance margin = Number of shares purchased × price - loan amount ÷  Number of shares purchased × price

30% = 100 shares × price - $3,500 ÷ 100 shares × price

30% × 100 shares × price = 100 shares × price - $3,500

30 × price = 100 shares × price - $3,500

After solving this, the price would be $50

And, the loan amount equal to

= Number of shares purchased × per share price × initial margin

= 100 shares × $70 × 50%

= $3,500

3 0
4 years ago
Explain why the operating income is less than it was when the company was producing its optimal product mix. Operating income is
Jet001 [13]

Answer:

There it is below

Explanation:

Given this product mix. what will the company's operating income be? ... the production of regular bins because the contribution margin per machine hour is higher. ... is less than it was when StoreAll was producing its optimal product mix. ... its optimal product mix because: the company had to produce less regular size bins ...

5 0
4 years ago
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