Answer:
PART A:
For preparing the predistribution plan we first caluclate the order of partnership elimination based on their capital accounts and the profit sharing ratio.
The lowest capital contributor is eliminated first and so on. Which is attached in figure 1
Then we prepared the predistribution plan which is attached in figure 2
PART B
The statement is attached in figure 3
Answer:
The correct answer is the option: False.
Explanation:
To begin with, the primacy effect, in the fields of psichology and sociology is known as a cognitive bias and is part of a serial-position effect among with the recency effect. Moreover, the term<u><em> refers to the tendency to recall the information at the beginning only</em></u> of a list better that the information in the middle and at the end of that same list.
Secondly, the recency effect is the one that establishes that a person tends to recall the items at the end better that the items at the beginning or middle.
Answer:
Explanation:
For each situation, identify the possible root cause or causes of activity cost, among these:
1. Plant Layout
2. Process design
3. Product design
(A) PROCESS DESIGN
The design of the process of production is the root cause of activity cost here. From the rates given, it's clear that the manual method of production costs more time and money than the mechanical production method.
A minor cause of activity cost here is the PRODUCT DESIGN; the cost of which varies with the use of labour and the use of machine.
(B) PRODUCT DESIGN
Change in design of the gear (removal of some component parts) reduces set up time and cost.
(C) PLANT LAYOUT
Redesign of manufacturing plant saves the time and cost of moves.
Answer:
Incurred but unpaid
Explanation:
When wages and salaries are incurred by an entity and paid, the entries required are debit Wages and Salaries expense, credit cash account. However, when the expense is incurred but cash is yet to be paid, this represents a liability to the organization and as such, an accrual is required. The entries to be posted are debit Wages and salaries expense (in the income statement), credit Accrued wages and salaries (in the balance sheet).
<span>Ceteris paribus, for the owner of a sawmill, lumber and the sawdust that go into particle board are </span><span>complements in production; by-products. C</span>eteris Paribus<span> is a Latin phrase meaning "all other things remaining equal". It is commonly used in economics. </span>
