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Sophie [7]
3 years ago
11

"Ramon runs the marketing department at his company. His department gets a budget every year, and every year, he must spend the

entire budget without going over. If he spends less than the budget, then his department gets a smaller budget the following year. At the beginning of this year, Ramon got $2.5 million for the annual marketing budget. He must spend the budget such that  2,500,000−x=0.  What property of addition tells us what the value of x must be?"
Business
1 answer:
miss Akunina [59]3 years ago
8 0

Answer:

Property of additive inverse

Explanation:

Given: Ramon got $2.5 million for the annual marketing budget such that he must spend the budget such that  2,500,000-x=0  

To find: property of addition that help us to know what the value of x must be

Solution:

1 million is equal to 1,000,000

So,

2.5\,\,million=2.5(1,000,000)=2,500,000

According to property of additive inverse,

a+(-a)=0

Given equation is 2,500,000-x=0

This equation can be written as 2,500,000+(-x)=0

So,

x=2,500,000

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2 years ago
"If the interest rate on a U.S. one-year bond is 2%, the interest rate on a Brazilian one-year bond is 8%, and the currency prem
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3% is the answer.

<u>Explanation:</u>

The financial matters of market interest direct that when the request is high, costs rise and the cash acknowledges in esteem. Conversely, if a nation imports more than it sends out, there is generally less interest in its money, so costs should decrease.

On account of cash, it deteriorates or loses esteem. The stockpile of money is dictated by the local interest for imports from abroad. The more it imports the more noteworthy the inventory of pounds onto the outside trade advertise. An enormous extent of momentary exchange monetary standards is by sellers who work for money related organizations.

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3 years ago
Direct Labor Variances Glacier Bicycle Company manufactures commuter bicycles from recycled materials. The following data for Oc
Viktor [21]

Answer:

Labor Efficiency Variance=268 Unfavorable

Labor Rate Variance= $ 150 Favorable

Total Direct Labor Cost Variance= $ 118

Work In Process $ 6432 debit

Explanation:

Glacier Bicycle Company

Quantity of direct labor used 500 hrs.

Actual rate for direct labor $13.10 per hr.

Standard direct labor per bicycle 2 hrs.

Standard rate for direct labor $13.40 per hr

The labor efficiency variance= (Standard Hours allowed  * standard labor Rate )- (  Actual Hours  * standard labor Rate )

Labor Efficiency Variance= (SH* SR)- (AH*SR)

Labor Efficiency Variance= ( 2* 240 *13.4) - (500* 13.4)

Labor Efficiency Variance= ( 480*13.4) - (500* 13.4)

Labor Efficiency Variance= $ 6432- $ 6700= 268 Unfavorable

Labor Rate Variance= (actual hours * actual rate) - (actual hours* standard rate)

Labor Rate Variance= ( 500 *13.1) - (500*13.4)= 6550-6700= $ 150 Favorable

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Total Direct Labor Cost Variance= 268 Unfavorable +$ 150 Favorable

Total Direct Labor Cost Variance= $ 118

Work In Process $ 6432 debit

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3 years ago
Alpine West, Inc., operates a downhill ski area near Lake Tahoe, California. An all-day, adult ticket can be purchased for $80.
telo118 [61]

Answer:

Alpine West, Inc.

a. When Alpine West, Inc. should recognize revenue from the sale of its season passes evenly over five months from December to April when the passes are put to use.

b. General Journal for

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Credit Deferred Revenue $460

To record the purchase of a season ticket or pass by Jake Lawson.

December 31:

Debit Deferred Revenue $92

Credit Service Revenue $92

To record the ski service consumed by Jake Lawson for December.

c. In Alpine West, Inc.'s income statement and balance for 2013, the following amounts will be included in relation to the sale of the season pass to Jake Lawson:

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Alpine West, Inc. will make the above entries in accordance with the accrual concept and matching principle of generally accepted accounting principles.  These require that revenue, income, and expenses related to a period must be accrued for that period whether actually received / paid or not.  It also means that the costs incurred for any revenue generated must be matched to the revenue and vice versa for that particular period.

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Answer:

The question is without a requirement,find below complete question

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The proper adjusting entry would be:

The correct adjusting entry to reflect the transaction in the account is a s follows:

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According to international accounting best practice such as U.S GAAP and International Financial Reporting Standards, revenue is recognized when it is earned not when cash has been received.

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