Answer: D. Occupational license
Explanation: Occupational licenses are issued by government agencies are a form of validation that a worker has completed a certain type of education or passed a certain test.
Answer:
PEZ Candy Inc.
1. PEZ Candy Inc. would be more likely to use process costing for the manufacture of its PEZ candies.
The reason is that the manufacturing of candies involves continuous processing of materials that results into candies. The processes are not customizable for separate orders.
2. PEZ Candy Inc. would incur these types of costs in the manufacture of its PEZ candies:
a. Direct material = sugar
b. Direct labor = wages of factory workers
c. Manufacturing overhead = utilities expenses
i. indirect materials = cleaning supplies
ii. indirect labor = factory supervisor's salary
iii. other manufacturing overhead = depreciation expense of factory equipment
3. PEZ Candy Inc. would be more likely to use job costing to calculate the cost of one particular birthday party hosted at the PEZ Visitor Center. The reason is that it is a specific event. It does not involve a continuous process.
Explanation:
a) Data and Calculations:
Materials for PEZ candy include:
Direct materials:
Sugar (95%)
Fruit flavoring
Coloring
Corn syrup
Product = PEZ candies
Services: customized birthday parties
Tt’s $25.23 because if you compare the price to money in USA, it will come up to that amount.
<h3>What is money?</h3>
Money is a good that is frequently used as a medium of economic exchange. It acts as the primary determinant of wealth and the means of expressing prices and values. By anonymously traveling from one person to another and from one nation to another, it allows trade as a kind of exchange.
Money is something that is frequently utilized in a specific nation or socioeconomic setting to buy goods and services and pay off debts. As a unit of account, a medium of exchange, and periodically as a baseline for postponed payments, money serves four main purposes.
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Answer:
$1,296
Explanation:
To get the total amount he earned, we calculate the simple interest the first and compound interest on the second investment
For the first;
I = PRT/100
Where I = the simple interest
P is the amount invested called the principal
R is the yield percentage called the rate
T is time frame of investment
For the first investment:
I = (8,000 * 6 * 1)/100 = $480
For the second investment
A = P(1 + R/n)^nt
A is amount
P is principal
R is rate
n is number of times, 2 in this case since it is semi annually
t is time, 1 year in this case
A = 10,000(1 + 0.08/2)^2
A= $10,816
Interest here is A - P
The interest earned is thus 10,816 - 10,000 = $816
Total amount of interest earned is thus $816 + $480 = $1,296
