1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
JulsSmile [24]
2 years ago
11

True or False: One reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors.

Business
1 answer:
Ganezh [65]2 years ago
3 0

Answer:

True

Explanation:

Predetermined overhead rate is estimated at the start of the period by dividing the estimated manufacturing overhead cost by an allocation base. Predetermined overhead rate is quite useful especially in eliminating seasonal effects. So, the above statement is a true one important reason to apply the predetermined overhead rate is to mitigate the effects of seasonal factors.

You might be interested in
What type of relationship do a lawyer and a client have?
VMariaS [17]
Business related purpose. There is no serious connection just lawyer to client and client to lawyer
7 0
3 years ago
Gullett Corporation had $37,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona
Vlada [557]

Answer: See explanation

Explanation:

The journal entry to record the purchase of raw materials is analysed below:

November:

Dr Raw materials $86000

Cr Cash or account payable $86000

It should be noted that as the raw material is increasing, the raw material account will be debited while as the cash or account payable I decreasing, it is credited.

8 0
2 years ago
Which of the following best approximates a pure monopoly? rev: 05_15_2018 Multiple Choice
goldfiish [28.3K]

Answer:

3) The only bank in a small town

Explanation:

By definition a monopoly occurs when there is only one supplier in the market for a specific good or service. In this case, if there is only one bank that works in a small town, then that bank has a monopoly of all the town's residents that require banking services. If any resident doesn't like that specific bank, they need to go to another town in search for banking services.

5 0
2 years ago
How cash inflow and outflow affects the components of a financial plan
Mrrafil [7]
Budgeting depends on cash inflow and​ outflow, and how much you have left affects investment​ decisions, retirement​ decisions, and financing decisions. ... All financial goals must be reasonable and achievable.
6 0
3 years ago
A review of Volkswagen's internal memos and emails suggests that company executives pursued a strategy of delay and obfuscation
oee [108]

Answer:

true

Explanation:

The whole Volkswagen scandal was a huge and elaborate corporate scam. They first tried to blame engineers in their North American division, but then it was known that they cheated in Germany and other European countries, as well as in factories in Argentina and Brazil. The only place that they were not investigated was in China, and that is very suspicious because half of their cars are produced and sold in China. It was a huge cover up operation that was aimed at protecting top executives in Germany.

The first car I bought with my salary was a Jetta (it was much cheaper than a Civic). So I read a lot about the scandal and its effects were not that large in North and South America, but in Europe the allegedly clean diesel engines drove their competition out of the market. French car manufacturers Citroen and Peugeot competed against Volkswagen with diesel cars and after not being able to compete against the wonderful new engines, they went bankrupt. In Europe gas is very expensive, so cars are very small and fuel efficient. The strange coincidence is that a Chinese company bought Citroen and Peugeot, which made them the real winners of the whole situation.

7 0
3 years ago
Other questions:
  • Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apr. 30 Received $624,0
    15·2 answers
  • A ________ is best described as a voluntary arrangement between firms that involves the sharing of knowledge, resources, and cap
    8·2 answers
  • Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and goes into business for himself as a ce
    10·1 answer
  • XYZ Company is in the process of issuing bonds. The bonds have a stated interest rate of 4%, which is 2% below the current marke
    6·1 answer
  • Which of the training professionals' roles do you believe is the most difficult to learn? Which is the easiest?
    5·1 answer
  • Wilcox Company has budgeted sales volume of 60,000 units and budgeted production of 54,000 units, while 10,000 units are in begi
    7·1 answer
  • Which of the following statements about the inclusion of boot in a nontaxable exchange is false? Multiple Choice The purpose of
    14·1 answer
  • Suppose that Victoria and her friends are running a fundraiser by selling donuts. They want to know what will happen to their re
    7·1 answer
  • The Ryan Corporation uses the composite method and its composite rate is 7.5% per year. The entry that should be made when plant
    6·1 answer
  • n many countries, one of the roles of the central bank is to provide loans to distressed financial institutions. What is the ter
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!