Answer:
Rent Expense (Dr.) $5,000
Cash (Cr.) $5,000
Inventory (Dr.) $35,380
Accounts Payable Martin Co. (Cr.) $35,380
Accounts Receivable Korman Co. (Dr.) $62,000
Sales (Cr.) $62,000
Cost of Goods Sold (Dr.) $48,500
Inventory (Cr.) $48,500
Explanation:
Advertising Expense (Dr.) $21,800
Cash (Cr.) $ 21,800
Cash (Dr.) $62,000
Accounts Receivable Korman Co. (Cr.) $62,000
Customer Refund Payable (Dr.) $31,500
Cash (Cr.) $31,500
Sales Salaries Expense (Dr.) $12,000
Office Salaries Expense (Dr.) $ 38,000
Cash (Cr.) $50,000
Store Supplies Expense (Dr.) $2,200
Cash (Cr.) $2,200
Answer:
The correct answer is letter "C": the equilibrium level of employment reached after all wages and prices have fully adjusted.
Explanation:
Full Employment is a situation in which all available human resources are utilized at their highest degree. Each worker is in a job where that worker has his or her more productive use and benefit to the aggregate economy. Full employment is usually achieved in a robust economy when employment reaches its equilibrium point after wages and price adjustments, but can potentially be achieved in any economy.
P = $7,000, principal
r = 6% = 0.06, rate
n = 1, compounding interval
t = 4 years
Calculate the value after 4 years.
A = 7000*(1 + 0.06)⁴
= $8,837.34
Answer: d. $8,837.34
Answer:
The right solution is "$ 2.50 per DLH".
Explanation:
The given values are:
Rent,
= $ 15,000
Factor equipment's depreciation,
= $ 8,000
Indirect labor,
= $ 12,000
Production supervisor's salary,
= $ 15,000
Estimated DLHs,
= 20,000
The total manufacturing overhead will be:
=
On substituting the given values, we get
= 
=
($)
Now,
The predetermined overhead rate will be:
= 
=
($)
Answer:
The correct answer is: satisficing.
Explanation:
Satisficing is a term coined by American economist Herbert A. Simon (1916-2001) that is a blend of the terms "<em>satisfying</em>" and "<em>sufficing</em>" and that combined Simon used to illustrate that when we have to make a decision we don't spend much time weighing all the possible options, rather we choose the first reasonable option available.