Answer:
Activity-based costing system using multiple basis for allocation
Explanation:
Activity - based costing -
It is a costing method which allocates the indirect and overhead costs for the goods and services , is known as Activity - based costing .
This method helps to determine the relationship between the overhead activities and cost , and the products manufactured , via allocating the indirect costs to the product less randomly than the normal costing method .
hence , from the question information ,
The type of overhead costing system most appropriate for the Blendln is Activity-based costing system using multiple basis for allocation .
Answer: Bureaucratic control
Explanation: Bureaucratic control is a method of controlling employees behavior in an organization by setting laid down rules and operational behaviors to be observed by the workers of the firm.
The organization in the question set some standardized safety rules to be followed by its workers, therefore the control measure applied is bureaucratic.
Answer:
The price elasticity of demand is -3.7
Explanation:
Price Elasticity of demand measure the responsiveness of demand against the change in price of the product.
Simple percentage method calculate the price elasticity by taking ratio of percentage change in Demand to percentage change in price of the product.
Percentage change in Demand = ( Revised demand - Initial demand ) / Initial demand
Percentage change in Demand = ( 182 riders - 472 riders ) / 472 riders = -0.6144 = -61.44%
Percentage change in Price = ( Revised Price - Initial Price ) / Initial Price
Percentage change in Price = ( $0.78 - $0.67 ) / $0.67 = 0.1642 = 16.42%
Price Elasticity = Percentage change in Demand / Percentage change in price
Price Elasticity = -61.44% / 16.42% = -3.74 = -3.7
Answer:
The solution according to the given query is summarized in the explanation segment below.
Explanation:
Given:
Face value,
= $508,500
Coupon rate,
= 6%
Bonds mature in years,
= 7
Now,
(a)
Issue price will be:
= 
= 
= 
($)
(b)
Issue price will be:
= 
= 
= 
($)
(c)
Issue price will be:
= 
= 
= 
($)
The following are the adjusting entries:
- Wages Expense 8000
Wages Payable 8000
- Depreciation Expense – Equipment 18000
Accumulated Depreciation – Equipment 18000
- Office Supplies Expense 5000
Office Supplies 5000
- Insurance Expense 2800
Prepaid Insurance 2800
- Interest Receivable 1050
Interest Revenue 1050
- Interest Expense 2500
Interest Payable 2500
