"Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip..." this is a quitclaim deed. This is further explained below.
<h3>What is a deed?</h3>
Generally, the deed is simply defined as Legal documents that are signed and delivered, particularly those that deal with property or legal rights.
In conclusion, When a company pays another company to relinquish a claim to a strip mine, it is executing a quitclaim deed.
Read more about deed
brainly.com/question/17214313
#SPJ1
It is Cycle Time that tells us how frequently a product is completed.
<h3>What is Cycle time?</h3>
Cycle time is a measurement of how long it takes a company to produce a good or provide a service. Learning how to determine cycle time will help you improve your production processes. This page provides a definition of cycle time, an explanation of its importance, step-by-step directions, and an example to assist you in calculating the cycle time for your company.
Cycle times can point out places where a business might simplify its procedures in order to increase sales and speed up the production of goods. Cycle times can be used to pinpoint the particular problem that might be causing the output to be sluggish.
Consequently, the phrase "cycle time" describes how frequently a product is finished.
Thus, the cycle time term tells us how frequently a product is completed
For more information on<u> cycle time</u>, refer to the following link:
brainly.com/question/15970682
#SPJ4
Answer: See explanation
Explanation:
The amount of depreciation for the month of January using the straight line depreciation method will be:
= (Cost - Salvage Value) / Life of Assets / 12 Months
= ($64,800 - $0) / 6 Years / 12 Months
= $10800/12
= $900 per month
The adjusting entry for depreciation on January 31 will be:
Dr Depreciation Expense - Computer Equipment $900
Cr Accumulated Depreciation-Computer Equipment $900
(To record the depreciation expense)
Answer and Explanation:
The computation is shown below:
a. The labor rate variance is
= (standard rate - actual rate) × actual labor hours
= ($20 - $19.50) × 64,000
= $32,000 favorable
b. The labor efficiency variance is
= (standard hours - actual hours) × standard rate
= (62,500 - 64,000) × $20
= -$30,000 unfavorable
c. the total flexible budget variance is
= standard cost - actual cost
= ($1,250,000 - $1,248,000)
= $2,000 favorable
