Answer:
See below
Explanation:
Balance per bank statement $2,979.94
Add: Interest earned $126.83
Less:
Check book balance $2,788.88
Add: Oustanding checks
($381.83 + $171.57)
Answer:
$69,000
Explanation:
Calculation for overapplied or underapplied manufacturing overhead
Using this method
Manufacturing overhead=Cost of Goods Manufactured-( Actualmanufacturing overhead cost-Applied manufacturing overhead cost to job)
Let plug in the formula
Manufacturing overhead=71,000-(27,000-29,0000)
Manufacturing overhead=71,000-2,000
Manufacturing overhead=$69,000 overapplied
Therefore Manufacturing overhead for the year will be $69,000 overapplied
Answer:
The correct option is A,market cannot be less than net realizable value minus a normal profit margin
Explanation:
In determining the lower of cost and market value,the cost of the item of inventory is compared with market facing prices.
The market facing prices are the net realizable value and replacement of the item,in essence lower of net realizable and replacement cost is compared with cost of the item in order to determine the value at which the inventory is to be valued.
Overall,the lower of net realizable and replacement cost should not be lower than the net realizable value minus a normal profit margin
Answer:
B.The Svensons Assets increased by $1800
Explanation:
The Svensons assets increased by $1,800 because even if they purchased the refrigerator for $1,900, the market value of the refrigerator is $2,300, so their assets initially increase by this amount.
However, they also withdraw $500 from their savings to pay for the refrigerator, meaning that this asset account is reduced by the same amount.
Thus, an initial increase of $2,300 minus a later decrease of $500 gives us a final $1,800 increase.
Answer:
The correct option is A,government spending and taxes that automatically increase or decrease along with the business cycle.
Explanation:
From a U.S perspective, automatic stabilizers are measures built into the country budgets that adjust the taxes to government's coffers and government expenditure when the economy goes into recess.
These measures are not usually approved by the Congress.
If one takes a careful look at the question, one would notice that the question talks about fiscal policy measures, which are government spending and taxes,invariably, option B is wrong because money supply belongs to monetary policy.
Option C is also wrong because taxes is not the only fiscal policy available.
Option D is wrong budget is a fiscal policy tool not a measure.
