Gainsharing plans are:

In a perpetual average cost system: a. The average is determined by dividing the total number of units sold by the cost of units

Sedaia [141]

In a perpetual average cost system a new weighted-average unit cost is calculated each time additional units are purchased.

Option B is correct

Explanation:

"Average" represents the mean expense of production items from the sale time below the perpetual method. This marginal cost is compounded by the numbers of distribution units, deducted from the stock in the possession and debited to the Expense of Items Sold balance.

Divide the prices of goods available on the market by the amount of available on the market to be using the median weighted practice, which results in the total average cost of units. The cost of the product available on the market is the amount of the original production and net sales in this estimate.

8 0

3 years ago

A review of the ledger of Cullumber Company at December 31, 2022, produces these data pertaining to the preparation of annual ad

VladimirAG [237]

Answer:

1) Dr. Insurance Expense 8,908

Cr. Prepaid Insurance 8,908

2) Dr. Prepaid Rental revenue 94,580

Cr. Rental revenue 94,580

3) Dr. Interest Expense 798

Cr. Notes Payable 798

4) Dr. Salaries and Wages Expense 3,975

Cr. Salaries and Wages Payable 3,975

Explanation:

1) Insurance

Building: (11,100/3)×1 = 3700

Vehicle : (7812/18)×12= 5208

total = 3700 +5208= 8908

2) Revenue

5380×2 = 10760 ×4 = 43040

8590 ×1 = 8590 ×6 = 51540

total = 94580

3) Notes Payable

monthly interest rate = 7%/12 = 0.0058333

interest expense = 45600× 0.005833 × 3 = 798

4) Salary Expense

615 ×5 = 3075

710 ×5 = 3550

salary per week = 3075 + 3550 = 6625

Salary per day = 6625 ÷ 5 = 1325

since they worked last three days of December so:

Salary payable = 1325 × 3 = 3975

8 0

4 years ago

How you gain information about what is happening around the property

Neporo4naja [7]

Answer:

Security Cameras, Security Guards, Radios, Drones.

Explanation:

5 0

3 years ago

Roro, Inc. paid $7,200 to renew its only insurance policy for three years on March 1, Year 5, the effective date of the policy.

max2010maxim [7]

Answer:

Insurance expense amount is $500

Prepaid insurance amount is $7,000

Explanation:

The prepaid insurance amounts to $300, on March 31, before the adjustment, that represents the remaining portion of the policy before the renewal. And this amount must have expired by the March 31, as there is only a single insurance policy and which will be renewed on March 1.

The $300 is involves in the insurance expense for the 3 months that ended on March 31, and in addition, 1 month coverage is there.

Therefore, amount of $200 ($7,200/ 36 months), which is involves in the insurance expense for the 3 months. In aggregate $500 of the insurance expense is acknowledged.

Prepaid insurance left out balance on March 31, is $7,000 ($7,200 - $200).

5 0

3 years ago

Consider the following statement: "The Fed has an easy job. Say it wants to increase real GDP by $200 billion. All it has to

Sati [7]

Answer:

The statement is incorrect

Explanation:

As the statement correctly describes, the money supply does not directly affect real GDP, what it affects directly is the interest rate, and the inflation rate, which are monetary variables, while GDP is a variable that measures output.

When the Fed increases the money supply, it may be doing so with the hope of stimulating economic activity, and thus, increasing GDP, but the Fed knows that any effect will be indirect. What will happen under this expansionary monetary policy is that the interest rate will fall, and as it falls, the supply of loans will grow, investment will become cheaper, and more investment means more factors of production, or more productivity, which in turn, increase the real GDP, but as it can be seen, the effect is indirect.

In fact, if the FED goes overboard with increasing the money supply, it may cause high inflation or even hyperinflation, and these events actually lead to less investment, less saving, and less economic activity, resulting in a probable stagnation or contraction of GDP.

4 0

4 years ago