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3 years ago

5

He idea underlying maslow's hierarchy of needs is that the needs at the top of the pyramid must be satisfied before one can conc

entrate on the needs at the bottom of the pyramid.
a. True
b. False

1 answer:

lana66690 [7]3 years ago

7 0

True i hope this helps you

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Montross Lumber processes wood to be shipped to construction companies. In order to keep its products uniform, Montross conducts

tiny-mole [99]

Answer:

$450

Explanation:

Activity based costing is the process by which a business allocates cost on the basis of the number of times an activity is carried out.

For example if different departments use a photocopier to copy 3,000, 5,000, and 2,000 sheets. The total cost will be allocated based on amount of activity per department.

In this instance

Total number of boards= 36,000

Inspections= 5% of the total

Inspection cost= $15 per hour

Percentage that will be inspected= 0.05 * 36,000 = $1,800

It takes one minute to inspect each board, there are 60 minutes in one hour. So 60 boards are inspected in one hour.

Number of inspection hours= 1,800 ÷ 60= 30 hours

Total cost of inspection= Cost per hour * Number of hours

Total cost of inspection= 15 * 30= $450

7 0

3 years ago

Xavier and Shawn are co-owners of a party-planning business. They split all of the profits 50-50 and are able to make decisions

pshichka [43]

In this instance, Xavier and Shawn are general partners. In this arrangement, all partners are equally responsible for the business, meaning they are both liable for any financial loss. LLC would protect their personal assets from this type of claim. Obviously, this isn't a sole proprietorship because there is more than one owner.

5 0

3 years ago

Read 2 more answers

If profit per unit equals (price - cost per unit) and costs are temporarily fixed, then the aggregate supply curve will have

aliya0001 [1]

<span>If profit per unit equals (price - cost per unit) and costs are temporarily fixed, then the aggregate supply curve will have a positive slope. From the equation that the profit per unit is equal to price minus by the cost per unit meaning that as prices rises and more output is produced. In doing so, as the effect of more output corresponding to an increase in price with a slope rising to the right depends on the response of the costs.</span>

5 0

3 years ago

mike has $200 in his wallet. He pays a cell phone bill of $89.50. Then he earns $125 shoveling driveways. From mike lends $15 to

denis23 [38]

Answer:

$240.50

Explanation:

200-89.50 = 110.50

110.50+125 = 235.50

235.50-15 = 220.50

220.50 + 20 = 240.50

8 0

2 years ago

Please prepare the multi-step income statement, the statement of stockholders' equity and the classified balance sheet.

goldenfox [79]

Answer:

Operating Income = $53,000

Net Income = $39,000

Ending balance of common stock = $300,000

Ending balance of retained earnings = $95,000

Ending total stockholders' equity = $395,000

Total current assets = $198,000

Net long-term assets = $265,000

Total long-term assets = $285,000

Total assets = $463,000

Total liabilities = 68,000

Explanation:

a. Multi-step Income Statement

Multi-step Income Statement put each revenues and expenditures items into different categories to show gross profit and net income. This can be prepared as follows:

Multi-step Income Statement

For the year ended

<u>Details $ </u>

Sales Revenue 545,000

Sales Discount <u> (45,000) </u>

Net Sales Revenue 500,000

Cost of Goods Sold <u> (400,000) </u>

Gross profit 100,000

Operating expenses:

Rent Expense (12,000)

Depreciation Expense (10,000)

Salaries Expenses <u> (25,000) </u>

Operating Income 53,000

Non-operating expenses:

Interest Expense <u> (6,000) </u>

Income before tax 47,000

Income Tax Expense <u> (8,000) </u>

Net income 39,000

Dividend paid <u> (4,000) </u>

Retained earning for the year <u> 35,000 </u>

b. Changes in Retained Earnings

<u>Details $ </u>

Beginning retained earnings 60,000

Retained earning for the year <u> 35,000 </u>

Ending retained earnings <u> 95,000 </u>

c. Movement in Common Stock

<u>Details $ </u>

Beginning balance of common stock 250,000

Additional shares issued <u> 50,000 </u>

Ending balance of common stock <u> 300,000 </u>

c. Statement of stockholders' equity

<u>Details $ </u>

Beginning balance of common stock 250,000

Additional shares issued <u> 50,000 </u>

Ending balance of common stock 300,000

Ending retained earnings <u> 95,000 </u>

Ending total stockholders' equity <u> 395,000 </u>

d. Classified Balance Sheet

Classified balance sheet shows each of the componets of assets, liabilities and equity. This can be prepared as follows:

Classified Balance Sheet

As at the year ended

<u>Details $ $ </u>

<u>Long-Term Assets</u>

Buildings 65,000

Equipment <u> 220,000 </u>

Total Long-Term Assets 285,000

Accumulated Depreciation <u> 20,000 </u>

Net Long-Term Assets 265,000

<u>Current Assets</u>

Cash 12,000

Accounts Receivable 150,000

Supplies <u> 36,000 </u>

Total Current Assets <u> 198,000 </u>

Total Assets <u> 463,000 </u>

<u>Financed by:</u>

Ending total stockholders' equity 395,000

<u>Current Liability</u>

Accounts Payable 28,000

<u>Long-Term Liability</u>

Notes Payable (Due in 2years) <u> 40,000</u>

Total Liabilities <u> 68,000 </u>

Total Equity $ Liabilities <u> 463,000 </u>

Conclusion

As both the Total Assets and Total Equity and Liabilities are each equal to $463,000, it implies the financial statement is accurately prepared since both must always be equal.

7 0

3 years ago