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3 years ago

Which of the following types of group would most likely be impacted by a "bad apple"?

Business

1 answer:

Ludmilka [50]3 years ago

5 0

All types.
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At the end of the accounting period, a company's overhead was overapplied by $400. The Factory Overhead account was properly adj

wariber [46]

Answer:

The overapplied factory overhead results in more expense. The overapplied factory overhead results in increase in cost of good sold. Over-application means that actual overhead are less than reported expense. At the end of the accounting period the company will pass following accounting entry to adjust over application

Debit FOH account 400

Credit Cost of Good Sold 400

So after this adjustment the net income will increase by 400 dollars.

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3 years ago

A pair of shoes is a example of ____ someone might purchase it is not a service

aniked [119]

Style either or respect

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3 years ago

Label each scenario with the term that best describes it. Use the midpoint method when applicable. Marcel Duchamp was a famous a

Masteriza [31]

Answer:

Paul Donut Franchisee : Perfectly Elastic Supply
P & G Facial Tissues : Elastic Supply
Papermate Pens : Inelastic Supply
Bright Ideas Lightbulbs : Perfectly Inelastic Supply

Explanation:

Price Elasticity of Supply is sellers' quantity supplied response to price change. P(Es) = % change in supply / % change in price.

Supply can be classified by Price Elasticity of Supply, as undermentioned :

Elastic Supply : P(Es) > 1 ; % change in supply > % change in price
Inelastic Supply : P(Es) < 1 ; % change in supply < % change in price
Unitary Elastic : P (Es) = 1 ; % change in supply = % change in price
Perfectly Elastic Supply : P(Es) = ∞ ; Supply responds infinitely to any slight price change & so prices are constant.
Perfectly Elastic Supply : P (Es) = 0 ; Supply responds negligibly to massive price change & so quantity supplied is constant

Paul Donut Franchise : Unlimited Supply at constant price, so supply perfectly elastic
P & G facial tissues : % change in supply i.e 66% > % change in price i.e 10% , so supply is elastic
Papermate pens : % change in supply i.e 10 % < % change in price i.e 15% , so supply is inelastic
Bright Ideas Lightbulbs : % change in supply 15% negligible in relation to 400% price change , so supply is perfectly inelastic

6 0

3 years ago

A company currently has no items in inventory. The demand for the next four months is 200, 400, 250, and 350 units. Assuming a l

pav-90 [236]

Answer:

Ending invetory= 200 units

Explanation:

Giving the following information:

A company currently has no items in inventory. The demand for the next four months is 200, 400, 250, and 350 units. Assuming a level production rate of 350 units per month.

<u>Production - Sales= Ending inventory</u>

350-200= 150

(150 + 350) - 400= 100

(100 + 350) - 250= 200

(200 + 350) - 350= 200 units

Ending invetory= 200 units

7 0

3 years ago

The following information is available regarding John Smith's capital account in Technology Consulting Group, a general partners

bekas [8.4K]

Answer:

32.35%

Explanation:

Calculation for What is Smith's partner return on equity during the year in question

First step is to calculate the Ending partner equity

Ending partner equity = $32,000 + $11,000 - $7,000

Ending partner equity = $36,000

Now let calculate the partner return on equity

Partner return on equity= $11,000 / (($32,000 + $36,000)/2)

Partner return on equity= $11,000/($68,000/2)

Partner return on equity= $11,000/$34,000

Partner return on equity= 32.35%

Therefore Smith's partner return on equity during the year in question will be 32.35%

7 0

3 years ago