Answer:
the overhead cost assigned to Job 971 is $1,020
Explanation:
The computation of the overhead cost assigned to Job 971 is shown below:
= Budgeted Machine overhead cost ÷ Number of set up
= $13,200 ÷ 390
= 34
Now the overhead cost assigned is
= 30 setups × 34
= $1,020
hence, the overhead cost assigned to Job 971 is $1,020
Therefore the last option is correct
Answer:
Preferred stock shares the combined characteristics of common stock and bonds.
The cash flows associated with preferred stock are recorded in the financing activity section of the statement of cash flows. The first is the receipt of cash (cash inflow) when preferred stock shares are issued. The second is the payment of preferred stock dividends (cash outflow).
Explanation:
The characteristics of common stock shared by preferred stock are there is no fixed maturity date, no repayment of initial investment, preferred dividends do not force the company into bankruptcy, and dividends are not deductible for tax purposes. The characteristics of bonds that preferred stock shares are fixed interest rate, preferential treatment in liquidation and in the payment of dividends, and non-participation in the residual profits.
You just take the 12°-7° which would be 5° so the starting temperature was 5°F
Answer:
2. Only counting final goods
Explanation:
When defining national income accounting and terminolgies, emphasis is always laid on "...total value of FINAL goods...". This is as a result of avoiding double counting. If intermediate goods were counted alongside final goods, it would be double counting because intermediate goods are used in producing those final goods. Final goods are good meant for final consumption. The other method used in avoiding double counting ( counting of the value of the same product more than once) apart from counting final gooda is Value added approach.
