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3 years ago

Match the items.

Business

1 answer:

Igoryamba3 years ago

6 0

Answer:

D --> 3

B --> 2

A --> 1

C --> 4

Explanation:

1.- The company should pick the most probable outcome when possible to evaluate liabilities, and only recognize revenues and assets with certain.

Between two favorable figures, it will pick the lowest if it is not certain about the second outcome.

2.-The accounting should disclosure all information useful for third parties to make knowledgeable decisions about a company

3: the accounting should keep the same method over the years, so the assets valuation follow a certain logic. If the accounting change method every year, then the valuation of the assets will differ from period to period. This will make the books of previous year difficult to compare with the current year.

4.- The company needs to show any important data which is significant to the business

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Coble Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined ove

stepladder [879]

Answer:

$4,520

Explanation:

Calculation for the cost of unused capacity that would be reported as a period expense on the income statement prepared for internal management purposes

First step is to calculate the Predetermine overhead rate using this formula

Predetermined overhead rate based on capacity = Estimated total fixed manufacturing overhead cost ÷ Estimated total amount of the allocation base

Let plug in the formula

Predetermined overhead rate based on capacity=$ 30,510÷270 hours

Predetermined overhead rate based on capacity=$113 per hour

Now let calculate the Cost of unused capacity using this formula

Cost of unused capacity =( Estimated total amount of the allocation base − Actual amount of the allocation base) × Predetermined overhead rate

Let plug in the formula

Cost of unused capacity= (270 hours − 230 hours) *$113 per hour

Cost of unused capacity=40 hours* $113 per hour

Cost of unused capacity=$4,520

Therefore the cost of unused capacity that would be reported as a period expense on the income statement prepared for internal management purposes will be $4,520

5 0

3 years ago

Michael has been saving his money and wants to invest it. After doing some research, he has decided to invest $20,000 into a Cer

alekssr [168]

The consideration given to the bank for providing loan facility, in return of such facility an amount is paid which is over and above the principle amount of loan, this amount can be said as interest.

Interest are of two types i.e. (a) Simple interest (b) compound interest

<h3>simple interest</h3>

The amount of interest which is calculated at a fixed predetermined rate every year on the principle amount and paid until the loan is settled in full.

Given in the Question

Principle is $20,000

Rate is 3%

Time is 1 year

<h3>Calculation</h3>

The simple interest is calculated by multiplying principle with the rate and than the outcome is multiplied with time to find simple interest.

$\begin{aligned} \rm \ Simple\:Interest&= Principle \times Rate \times Time\\
\\
\rm \ Simple\:Interest&= \$ 20,000 \times 3 \times 1\\
\\
\rm \ Simple\:Interest&= \$600 \end$

Therefore the amount of interest received by Michael at the end of first year on an amount of $20,000 at a interest rate of 3%will be $600.

Learn more about simple interest here:

brainly.com/question/9895511

7 0

2 years ago

During the Asian financial crisis, the leading financial powers seemingly either declined to take part in the rescue operations,

igor_vitrenko [27]

Answer:

The correct answer is ASEAN+3.

Explanation:

ASEAN + 3 is the association of Southeast Asian nations, which was created in 1967 by Thailand, Indonesia, the Philippines, Singapore and Malaysia. Currently it is made up of 10 countries in Southeast Asia, and its general objective is to increase the economy of these countries and promote stability in the region. The +3 is to recognize the accession of three countries that do not belong to this region, which are: Japan, China and South Korea.

8 0

3 years ago

What is an industrial good?

zloy xaker [14]

Industrial goods are materials used in the production of other goods, while consumer goods are finished products that are sold to and used by consumers. ... They are made up of machinery, manufacturing plants, raw materials, and any other good or component used by industries or firms. In economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable.

4 0

3 years ago

Exercise 5-1 The Effect of Changes in Activity on Net Operating Income [LO5-1] Whirly Corporation’s contribution format income s

geniusboy [140]

Answer:

See the explanation.

Explanation:

Requirement 1

New sales volume after increasing 40 units = (7,200 + 40) = 7,240 units. The revised net operating income is calculated as follows

Whirly Corporation’s

Contribution format income statement

For the year ended December 31 20YY

Sales Revenue (7,240 × 33) = $ 237,600 (Note - 1)

Less: Variable expense (7,240 × 19) = 136,800 (Note - 2)

Contribution Margin = $100,800

Less: Fixed Expense $54,900

Net Operating Income $45,900

Note 1: Sale price per unit $237,600 ÷ 7,200 = $35

Note 2: Variable expense per unit $136,800 ÷ 7,200 = $20

Requirement 2

From requirement 1 we get,

Sale price per unit = $33

Variable expense per unit = $19

New sales volume after decreasing 40 units = (7,200 - 40) = 7,160 units. The revised net operating income is calculated as follows

Whirly Corporation’s

Contribution format income statement

For the year ended December 31 20YY

Sales Revenue (7,160 × 33) = $236,280

Less: Variable expense (7,160 × 19) = $136,040

Contribution Margin = $100,240

Less: Fixed Expense $54,900

Net Operating Income $45,340

Requirement 3

From requirement 1 we get

Sale price per unit = $33

Variable expense per unit = $19

If the sales volume is 6,200 units, the revised net operating income is calculated as follows

Whirly Corporation’s

Contribution format income statement

For the year ended December 31 20YY

Sales Revenue (6,200 × 33) = $204,600

Less: Variable expense (6,200 × 19) = $117,800

Contribution Margin = $86,800

Less: Fixed Expense $54,900

Net Operating Income $31,900

If the company sells 6,200 units, the company can still make a profit.

6 0

4 years ago