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3 years ago

Because of global competition and advances in new information technology, tasks and responsibilities for managers have

Business

1 answer:

Triss [41]3 years ago

4 0

Answer:

"Become more intense " is the right answer.

Explanation:

Global or Economic competition seems to be on the market for several years with environmental regulations being reduced and that many markets liberalized.
A commonly held view of intensified global competition is its impact on individuals' tendency to find employment or maintain their present employment.

So that the above is the correct approach.

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Assume the following data for Oshkosh Company before its year-end adjustments:

babunello [35]

Answer:

a. Dr Sales $619,200

Cr Customer Refunds Payable $619,200

b. Dr Estimated Returns Inventory $400,000

Cr Cost of Merchandise Sold $400,000

Explanation:

a. Preparation of the journal entry to record Estimated customer refunds and allowances

Dr Sales $619,200

($51,600,000 × 1.2%)

Cr Customer Refunds Payable $619,200

(To record Estimated customer refunds and allowances )

b. Preparation of the journal entry to Estimated customer returns

Dr Estimated Returns Inventory $400,000

Cr Cost of Merchandise Sold $400,000

(To record Estimated customer returns)

4 0

3 years ago

If we assume that both countries specialize according to their comparative advantage, then how do we find a terms of trade that

levacccp [35]

Answer:

The best way to find terms of trade that will ensure that two entities are in the best terms of trade will be to look at the opportunity costs of the various products they produce.

A high opportunity cost in one product relative to that of the other entity means the entity with the higher opportunity cost should be trading with the entity with the lower opportunity cost and vice versa.

For example, assume that an entity "A" produces both rice and beans whilst an entity "B" also produces rice and beans too.

If the opportunity cost to A of producing Beans is 300 bags of rice whilst the opportunity cost to B of producing Beans is 120 bags of rice, and the opportunity cost to A of producing rice is 180 bags of beans whilst it is 250 bags of beans to B, the principles of comparative advantage require that A should focus more on producing rice and purchase beans from B whilst B should focus more on producing beans and purchase rice from A.

Cheers!

4 0

3 years ago

Predetermined Overhead Rate, Application of Overhead to Jobs, Job Cost

Ghella [55]

Answer:

See below

Explanation:

1. Predetermined overhead rates

= Applied overhead / Direct labor

Job 114

Applied overhead / direct labor

= $1,260/1,800

= 70%

Job 115

Applied overhead / direct labor

= $994/1,420

= 70%

Job 116

Applied overhead / direct labor

= $3,094/4,420

= 70%

2 and 3 Ending balance of each job and work in process as of April 30th.

Job 114. Job116

Opening. $2,384. $3,085

Materials

Purchases $16,800. $5,410

Direct labor

($1,800+$1,800) $3,600. $5,740

Actual $2,520 $4,018

Overhead

at 59.36%

Balance $25,304. $18,253

• Note

The whole of job 115 has been sold out.

• Actual overhead = Actual overhead / direct labor

= $4,535/7,640

= 59.36%

4 Cost of goods sold in April

Job 115

Opening materials. $2,603

Purchases. $12,460

Direct labor

($1,420 + $3,080). $4,500

Actual overhead. $3,150

at 59.36%

Cost of goods sold $22,713

5. Selling price of job

Cost of job 115 = $22,713

Selling price = 1.25% × $22,713 = $28,391

4 0

3 years ago

(b) The following expenditures relating to plant assets were made by Prather Company during the first 2 months of 2020. Opposite

densk [106]

Answer:

Please see explanation below

Explanation:

1. Paid $5,000 of accrued taxes at time plant site was acquired. - Debit accrued taxes account $5000, credit cash expenses account $5000.

2. Paid $200 insurance to cover possible accident loss on new factory machinery while the machinery was in transit. - Debit freight and insurance in transit $200, credit cash expenses $200.

3. Paid $850 sales taxes on new delivery truck. - Debit sales tax $850, credit expenses $850.

4. Paid $17,500 for parking lots and driveways on new plant site. - Debit land improvements $17,500, credit cash expenses $17,500.

5. Paid $250 to have company name and advertising slogan painted on new delivery truck. - Debit advertisement $250, credit cash expenses $250.

6. Paid $8,000 for installation of new factory machinery. - debit installation costs (under plants and machinery $8000.

7. Paid $900 for one-year accident insurance policy on new delivery truck. - Debit insurance $900, credit cash expenses $900.

8. Paid $75 motor vehicle license fee on the new truck. - Debit licensing fees $75, credit cash expenses $75.

6 0

3 years ago

Read 2 more answers

Bethany Richards is a book rep. She sells books to schools and libraries. She earns a 9 percent commission on every book she sel

Zanzabum

Answer:

The correct answer is: $284.10.

Explanation:

The percentage of a number represents a part of it. Typically percentages are used when a certain amount of money is to be paid out of another amount because of services being provided or for using the money as instruments of investments like bank loans.

In Bethany Richards' case, she receives 9% in commissions for all the books she sales. Then,

Total amount for books sold = $963.25 + $742.00 + $614.35 + $837.10

Total amount for books sold = $3156.70

Thus,

Bethany's monthly commission = $3156.70 x (9%)

Bethany's monthly commission = $284.10

6 0

3 years ago