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telo118 [61]
3 years ago
6

Se the following account balances from the adjusted trial balance of Gees Catering:

Business
1 answer:
S_A_V [24]3 years ago
8 0

Answer:

The amount that Gees Consulting would report as the ending balance in the R. Gees, Capital account at the end of the year is $8,000

Explanation:

For computing the ending balance of capital account, first, we have to compute the net income or loss which is shown below:

Net income/loss = Fees revenue - salary expense - rent expense - supplies expense

= $10,000 - $7,000 - $6,000 - $6,000

= ($19,000)

Now the ending balance would be

= Opening capital - net loss -  drawings

= $18,000 - $9,000 - $1,000

= $8,000

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Consider the following statements about the step-down method of service department cost allocation: I. Under the step-down metho
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Answer:

The correct statements under the step-down method are:

a. I, II, and III.

Explanation:

The step-down method of allocating the costs of service departments is one of the three methods in use.  The others include the direct method and the reciprocal method.  With the direct method, service departments' costs are directly allocated to the production departments without any allocation to a service department.  The reciprocal method is much more involved, using formulas and calculations.  The step-down method allocates the service departments' costs to all the other service and production departments, except itself.  This step is eventually followed until all the service departments' costs have been allocated to the production departments.

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3 years ago
The Risk Premium is:
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Answer:

The correct answer is letter "A": The difference between the expected YTM and the YTM of the comparable risk-free bond .

Explanation:

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7 0
3 years ago
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou
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Answer:

$5625.60

Explanation:

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5 0
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The market-sharing pact or agreement negotiated by trading partners that give rise to voluntary quotas of exports aimed at protecting the importing country's domestic firms is called a <u>voluntary export restraint (VER)</u>.

<h3>What is voluntary export restraint (VER)?</h3>

Voluntary export restraints (VER) are export arrangements between exporting and importing countries so that the exporter agrees to limit the number of some exports.

VER allows the importing country's domestic firms to survive export dumping.  It is the opposite of voluntary import expansions (VIE).  VIE, which is a part of international trade agreements, allows for more imports by lowering tariffs or dropping quotas.

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Learn more about international trade agreements at brainly.com/question/1465144

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