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3 years ago

Which of the following statements is false?

Business

1 answer:

GenaCL600 [577]3 years ago

6 0

Answer: Actual overhead costs always enter the Work-in-Process account.

Explanation:

The work-in-process account is an account where the value of goods yet to be completely produced are recorded while the overhead cost is simply a business running cost, that is cost on expenses the business makes to keep functioning.

Overhead cost is not recorded in work-in-process account, rather it is recorded as business expenses.

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Last year, you estimated you would earn $5 million in sales revenues from developing a new product. So far, you have spent $3 mi

lisabon 2012 [21]

Answer:

Up to $4 million

Explanation:

The $3 million spent in developing the product is the sunk cost which is irrelevant in the analysis of how much to spend on the project.

Since it is expected that the project would generate $4 million, up to $4 million is the amount the amount that should be spent on the completion of the project.

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4 years ago

the condition of Nepalese worker in foreign employment is poor what are the reasons behind it write any five reasons

mojhsa [17]

Answer:

Hello lil boy!

Queen Messy here!

Lack of dependable data, extreme nepotism, and manipulation, in-transparent forms of work and continued abuse of authority is another reason why Nepal is a poor country. Related: Salary of Government officials of Nepal including President and Prime Minister. Lack of Industry.

Explanation:

8 0

3 years ago

Read 2 more answers

Which of the following is an example of an open-ended question?Answers:a. Do you want to have children?b. Would you consider ado

Elden [556K]

Answer:d. What do you think about the new ice-cream flavor

Explanation:

An open ended question is a statement that requires a response. The response can't be yes/ no or a static response

The question What do you think about the new ice-cream flavor can't be answered with yes or no. The answer can either be I like the ice cream flavour or I don't like the ice cream flavour.

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4 years ago

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Tickets for a concert cost $35 for balcony seats and $75 for floor seats. Tickets at the same venue for a theatrical production

Stella [2.4K]

The capacity of seats at a venue has to be determined by putting the data in an equation.

Given:

Price of balcony seat for a concert is $35

Price of floor seat for a concert is $75

Price of balcony seat for a theatrical production is $25

Price of floor seat for a theatrical production is $60

Revenue of concert at full capacity is $27,750

Revenue of theatrical production at full capacity is $21,750

<h3>Equation</h3>

By putting the data of a concert and the data of a theatrical production in the equation to found that the equation as follows:

35 x 75 y = 27,750. 25 x 60 y = 21,750.

Elaborating further, the data given for the concert at full occupancy is balcony seat $35 and floor seat $75 which generates the revenue of $27,750, is matching completely with the first part of equation.

Similarly, the data given for a theatrical production at full occupancy is balcony seat $25 and floor seat $60 which generates the revenue of $21,750, is matching completely with the second part of equation.

Hence the system of equations which can be used to find the number of floor seats and balcony seats of the venue is OPTION B is correct i.e. 35 x 75 y = 27,750. 25 x 60 y = 21,750.

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2 years ago

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A law firm received $2,000 cash for legal services to be rendered in the future. The full amount was credited to the liability a

Elodia [21]

Answer: d. revenues to be understated.

If the services have been rendered but the revenue is not recorded it means that your accounts will show less revenue than you have actually earned as in accounting revenue is recognized as soon as the service is rendered, thus not recognizing the revenue when the service is rendered will understate the revenues.

Explanation:

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3 years ago