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3 years ago

Why international date line is irregular in shape?

1 answer:

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The International Date Line is an imaginary zig zag line on the surface of the earth roughly following the 180 degree meridian. Crossing the date line causes the date to be changed exactly by one day. Crossing the linefrom East to West , one loses a day.

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Which problem is more likely to affect a partnership than a corporation?

dimulka [17.4K]

Answer:

Explanation:

Partnerships often leave the owners liable to damages. As they aren’t difficult to set up in comparison, the answer most likely isn’t A. B also seems unlikely, as partnerships are often on a smaller scale. C doesn’t seem to apply.

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3 years ago

Read 2 more answers

A company purchased inventory on January 1, 20X2, for $600,000, and uses the FIFO method. On December 31, 20X2, the inventory ha

bagirrra123 [75]

Answer:

See below

Explanation:

It is to be noted that under IFR, inventories are carried at a lower of cost or net realizable value, which is $550,000 in this scenario.

Also, under the United states GAAP, inventories are carried at a lower of cost or market . Here, the replacement cost of $525,000 would be used because it is below NRV and its equal to the difference between NRV and normal profit margin.

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2 years ago

Midwest Corporation has provided the following data concerning manufacturing overhead for 2020:

SSSSS [86.1K]

Answer:

Estimated manufacturing overhead rate= $18 per direct labor hour

Explanation:

Giving the following information:

Estimated manufacturing overhead for the year $ 37,080

Estimated direct labor hours for the year 2,060

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 37,080/2,060

Estimated manufacturing overhead rate= $18 per direct labor hour

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3 years ago

Foster Industries manufactures 20,000 components per year. The manufacturing cost of the components was determined as follows: D

olasank [31]

Answer:

$25,000 increase

Explanation:

Cost of Manufacturing Amount

Direct Materials $150,000.00

Direct Labor $240,000.00

Inspecting products 60,000 x 0.90 $54,000.00

Providing Power 30,000 x 0.90 $27,000.00

Providing Supervision 40000 x 0.60 $24,000.00

Setting up Equipment 60000 x 0.50 $30,000.00

Moving Materials 20,000 x 0.50 $10,000.00

Total $535,000.00

Buying Cost (20000 x 25.50) $510,000.00

Incremental Saving by Purchase ( $535000-$510000) $25,000.00

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3 years ago

Top Breakfast Cereal producers - company name, most current market share, signature

kondor19780726 [428]

Answer:

1. Kellogg Company - 30.1% market share - signature products: Froot Loops, Corn Flakes, Apple Jacks.

2. General Mills - 29.85% market share - signature products: Cheerios, Nature Valley, Lucky Charms.

3. Post Holdings - 18.92% market share - Honey Bunches, Fruity Pebbles.

4. Private Label - 7.48% market share - Muesli, Choco-Shells

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2 years ago

Why international date line is irregular in shape?​

Why international date line is irregular in shape?