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3 years ago

Which of the following statements regarding the center of gravity method is false

Business

1 answer:

grigory [225]3 years ago

8 0

Answer:

Consider the following explanation

Explanation:

False statement are as follows,

A) It is designed to minimize the maximum possible travel distance to any location

This statemet is false

Explanation- Center of gravity has nothing to do with travel distance or any kind of diisplacement. Following sentence is used in cargo industry ffor effieicent transportation.

C) And D) Are also false

Explanation- They are also a part of cargo management hence cannot be used in center of gravity method.

Only Option B) Is correct

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On January 1, 2020, Morgan Enterprises issued 8%, 20-year bonds with a face amount of $5,000,000 at 101. Interest is payable ann

adell [148]

Explanation:

The journal entries are shown below:

1. Cash A/c Dr $ 5,050,000

To Bonds payable A/c $5,000,000

To Premium on Bonds payable A/c $50,000

(Being bond is issued)

2. Interest Expense A/c Dr $3,97,500

Premium on bonds payable A/c $2,500 ($50,000 ÷ 20)

To Interest payable A/c $400,000 ($5,000,000 × 8%)

(Being the interest expense is recorded)

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3 years ago

2. What are the ways of forecasting cost of sales?

solmaris [256]

Answer:

d. all of the choices

Explanation:

Cost of Goods sold = Cost of material purchased + Conversion cost

And

Conversion cost hereby includes Direct labor cost and other production overheads directly attributable to the Goods sold.

So, The correct option is - d. all of the choices

5 0

3 years ago

When direct labor employees contribute to the production process, the cost of their labor is recorded by debiting: O Wages Expen

lutik1710 [3]

Answer:

The correct answer is letter "C": Work in Process Inventory.

Explanation:

Work in Process Inventory is an asset in the company's Balance Sheet. It represents the accumulated cost of unfinished goods that are currently in the manufacturing process. Companies that manufacture large or customer-made items typically use a work in progress inventory system to record labor, raw material, and overhead.

6 0

3 years ago

Swifty Corporation sells its product for $5600 per unit. Variable costs per unit are: manufacturing, $2800, and selling and admi

galben [10]

Answer:

Am nevoie de Puncte

Explanation:

6 0

3 years ago

Chair P, from Design Solutions, cost $60 per chair. Chair Q, from Seat Unlimited, costs $90 per chair. An office manager often h

quester [9]

Answer:

$\frac{\$60p+\$90q}{p+q}$

Explanation:

Data provided in the question:

Cost of chair P = $60

Cost of chair Q = $90

Number of chair P ordered = p

Number of chair Q ordered = q

Now,

Total number of chairs ordered

= Number of chair P ordered + Number of chair Q ordered

= p + q

Total cost of chairs ordered = $60p + $90q

Therefore,

Average cost of a chair

= [Total cost of chairs ordered ] ÷ [Total number of chairs ordered]

= $\frac{\$60p+\$90q}{p+q}$

8 0

3 years ago