An activity-based costing system is uses numerous overhead cost pools. Thus, the last option is correct.
<h3>What is Activity based costing?</h3>
Activity based costing is the technique which is used to calculate the cost based on the activity. It is the prediction of the cost, in which overhead cost and indirect cost are assigned.
This approach allocates fixed and variable expenses, as well as overhead and indirect costs, to relevant goods and services, allowing a business to determine the true cost of a product, service, or activity.
Therefore, it can be concluded that the last option is correct.
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Answer:
The ending inventory is $56,170 using the lower of cost and net realizable value.
Explanation:
With regards to the above, the conservative principle of accounting would be maintained by the company, hence would report its inventory at the lowest value.
Furniture [ 290 units × $94 each]
$27,260
Electronics [ 59 units × $490]
$28,910
Total ending inventory
$56,170
The credit she used is an installment sales credit.
Installments help you manage your liquidity and avoid unnecessary interest and fees. Installments are what you think of as a typical loan. Mortgages, car loans, or personal loans are examples of installment loans. These usually have a fixed payment and a specific end date.
Credit sales are a way for businesses to offer their customers short-term payment deferral options. The typical time frame for credit sales is 90 days or less. Credit sale discounts are often applied when the full amount is paid within a certain number of days.
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Answer:
price of preferred stock = $465.65
Explanation:
given data
annual dividend = $18
return = 3.2 percent = 0.032
solution
we know prefer stock price is express as
prefer stock price Vp = 
here Vp is value of preference share and d is constant dividend and Kp is rate
so
prefer stock in 6th year will be = 
= $562.50
so that price of preferred stock today = 
price of preferred stock = 
price of preferred stock = $465.65
Answer:
See below
Explanation:
Assets, Liabilities, and Equity form the basis for preparing the balance sheet. They make the accounting equation of Assets= Liabilities + Equity.
<u>Assets </u>are the valuables a business owns. They can be in the form of cash, money in the banks, financial instruments, properties, machines, or motor vehicles.
<u>Assets will be</u>
<u>Liabilities </u>are what the business owes to third parties and supplies. Liabilities are usually in the monetary form, such as loans, rent, and accounts payable.
<u>Liabilities</u>
<u>Equity</u> is the owner's contribution to the business. They include capital and retained earnings.
Equity
- retained owners
- personal investment earnings,
