A will that is completely handwritten dated and signed by the person making the will

Is paper a natural resource or capital good?

alex41 [277]

Answer:

capital goods

Explanation:

becos it is raw material that is use to making papers

3 0

3 years ago

The board of governors of the federal reserve system can increase commercial bank reserves by

Marina CMI [18]

<span>The board of governors of the federal reserve system can increase commercial bank reserves by increasing the size of its term auction facility.</span>

3 0

3 years ago

During the year, Octagon produced 8,000 units, used 24,000 direct labor hours, and incurred variable overhead of $120,000. Budge

Natali5045456 [20]

Answer:

Manufacturing overhead rate(spending) variance= $24,000 favorable

Explanation:

Giving the following information:

Actual direct labor hours= 24,000

Octagon produced 8,000 units and incurred a variable overhead of $120,000.

The hours allowed per unit are 2. The standard variable overhead rate is $3.00 per direct labor hour.

To calculate the variable overhead spending variance, we need to use the following formula:

Manufacturing overhead rate(spending) variance= (standard rate - actual rate)* actual quantity

Actual rate= 120,000/24,000= 5

Manufacturing overhead rate variance= (6 - 5)*24,000

Manufacturing overhead rate variance= $24,000 favorable

7 0

3 years ago

Towson Corp., was organized on January 2, 2018. During the first year of operation, Towson issued 50,000 shares of $9 par value

Naya [18.7K]

Paid in Capital Common Stock in Excess to par = (35-9)*50,000=1,300,000

Paid in Capital Common Stock in Excess to par is the difference between the par value of the share and the market value or fair value it was sold at, in this case the par value per share was 9 and market value was 35 , there fore we multiplied their difference by 50,000 to get the total difference.

Explanation:

3 0

3 years ago

On January 1, Year 2, Grande Company had a $69,600 balance in the Accounts Receivable account and a $2,600 balance in the Allowa

Katarina [22]

The amount of uncollectible accounts expense recognized on the Year 2 income statement is $1,830.

Explanation:

On January 1, Year 2, Grande Company had balance = $69,600 in the Accounts Receivable account

Grande provided services = $183,000

The Allowance for Doubtful Accounts account = $2,600
The company collected cash from accounts receivable = $215,500
Uncollectible accounts are estimated to be = 1% of sales on account
Thus, following calculation gives the desired result,
Multiply amount of Grande services with 1% sales on account.
i.e : $183,000 sales on account × 1% = $1,830
So, the amount of uncollectible accounts expense is $1,830 as the income statement for the 2nd year.
The reserves are recorded when, the uncollectible accounts expense are debited and credit the allowance for the uncollectible accounts.
There are many reasons for the uncollectible accounts such as,
the debtor's bankruptcy,
the inability to get the debtor,
fraud, etc

5 0

3 years ago