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3 years ago

Which of these transactions occurring in 2011 would contribute to gdp for 2011?

1 answer:

8 0

The transactions occurring in 2011 that would contribute to gdp (Gross Domestic Product) for 2011 is : Boeing sells a 787 aircraft produced in 2011 to a Korean airline.

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Fact Pattern: Jackson Industries employs a standard cost system in which direct materials inventory is carried at standard cost.

Yuri [45]

Answer:

Efficiency varaince 6,000 unfavorable.

Explanation:

$(standard\:hours-actual\:hours) \times standard \: rate = DL \: efficiency \: variance$

std hours 27,500.00 (22.000 units x 1.25 units per hour)

actual hours 28,000.00

std rate $ 12.00

difference -500.00

efficiency variance $ (6,000.00)

3 0

3 years ago

Based on the constant demand assumption in the economic order quantity (EOQ) model, the average cycle inventory is: Question 20

irina [24]

Answer:

c. half of the order quantity

Explanation:

Based on the constant demand assumption in the economic order quantity (EOQ) model, the average cycle inventory is half of the order quantity

Economic order quantity is a quantity which minimizes the ordering cost and holding cost

Q = EOQ = $\sqrt{2*D*S/ H}$ where D = Demand unit, S = Order cost and H = Holding cost

- Ordering cost and the Holding at EOQ will be same

- Average inventory = Q/2

- Average inventory is the half of the order quantity.

7 0

3 years ago

Patton has acquired several other companies. Assume that Patton purchased Kate for $ 6 comma 000 comma 000 cash. The book value

ruslelena [56]

Answer:

1. $2,000,000

2. Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

Explanation:

The Acquisition of Kate must be done at the fair value of Assets and Liabilities at the acquisition date instead of book values.

Goodwill is the excess of the Purchases Price over the Net Identifiable assets acquired.

Calculation of Goodwill :

Purchase Price $6,000,000

Less Net Identifiable Assets

Assets at Fair Value $17,000,000

Less Liabilities at Fair Value ($13,000,000) ($4,000,000)

Goodwill $2,000,000

Accounting Entry

Assets $17,000,000 (debit)

Goodwill $2,000,000 (debit)

Liabilities $13,000,000 (credit)

Investment in Kate $6,000,000 (credit)

4 0

3 years ago

In which one of the following instances is rivalry among competing sellers notmore intense?

dimaraw [331]

Answer: E.When there are so many industry rivals that the impact of any one company's actions is spread thinly across all industry members

Explanation:

The more the number of players in an industry the more it gets congested and especially for the competing sellers. The decision for increasing or reducing price is met by follower firms to do the same thing. It gets less competitive because you know all the players in the industry would be following the same practices and doing the same thing.

7 0

3 years ago

The audit Mr. Chu is working on for a technology company is regulated. What does this mean?

Aliun [14]

It means that the technology company will use the audit results to analyze risks. Thus option A is correct.

<h3>What is Audit ?</h3>

Audit refers to the checking of financial records of the company in order to ensure that the records are systematic and accurate. It is very helpful for the outsiders such as creditors, shareholders, government agencies etc as it provides the accurate information about transactions.

Mr. Chu will analyse the financial statements of the technology company an conclude about the risk involved in the company. Thus it helps in analyzing the risk. Therefore, option A is correct.

Learn more about auditing here:

brainly.com/question/14652228

#SPJ1

7 0

2 years ago