Answer:
The correct answer is:
Expenditures—2017 in the amount of $200. (C.)
Explanation:
This scenario describes a record that was less than the actual amount spent on the General Fund supplies. The amount recorded was $2,000, meanwhile the actual amount spent was $2,000. This entails that an amount worth $200 was not recorded, hence it will be debited as expenditures, but the question now is where the debit will be recorded?
This review was done in January 2017, meaning that the income statement for the 2016 Fiscal year must have been balanced, hence the amount will be an expenditure recorded in 2017, but the particulars will have a description that it was a carried over expenditure from 2016. Therefore $200 will be debited from 2017 as expenditures.
Answer: $3.10
Explanation:
The actual price per pound of direct materials purchased in June will be calculated as follows:
Let the actual price be represented by x.
Material price variance is calculated as:
= (standard price-actual price) × actual quantity
-2000 = (3 × 20000) - 20000x
-2000 = 60000 - 20000x
20000x = 60000 + 2000
20000x = 62000
x = 62000/20000
x = 3.1
Therefore, the actual price per pound of direct material bought in June is $3.10
In 20 years you'll have $5,220.
2,000×0.08=160
2,000+(160×20)= 5,220.
The internet was the form of mass media developed from a defense department project
Viable strategic options companies should consider in tailoring their strategy to fit circumstances of emerging country markets include all of the following, EXCEPT <em>staying away from those emerging markets where it is impractical to modify the company's business model to accommodate local circumstances.</em>
Explanation:
<em>Staying away from those emerging markets where it is impractical to modify the the company's business model to accommodate local circumstances</em> is not the best because in the long run the institution will be forced to conform with their business model which could change their mission and activities entirely. Therefore it should work on how it can please the market in a way so it can feed it at least.
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