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3 years ago

In a market economy, those who are willing and able to buy what is produced

1 answer:

3 0

In a market economy, those who are willing and able to buy what is produced, receive the most of what is produced and what the government allows them to receive.
They have the money, so they can receive everything that is in their power to receive.

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Bismith Company reported: Actual fixed overhead Fixed manufacturing overhead spending variance Fixed manufacturing production-vo

max2010maxim [7]

Answer:

D. Debit fixed manufacturing overhead spending variance for $40,000

Explanation:

Since fixed manufacturing overhead shows the difference between the actual fixed overhead costs and budgeted fixed overhead cost during a period, Bismith would debit fixed manufacturing overhead spending variance of $40,000 inorder to write off the recording of the variances at the end of the accounting period because the value for fixed manufacturing overhead spending variance has already being gotten hence would be applied at the end of the period.

5 0

3 years ago

Meena Distributors has an annual demand for an airport metal detector of 1 comma 360 units. The cost of a typical detector to Me

Nata [24]

Answer:

1. Meena should take the quantity discount since with such discount the EOQ will rise by just 1 unit from 20.5units to 21.5 units and a net gain of $49.18.

2. The EOQ without discount will be 20.5 units

Explanation:

EOQ=Square root of ((2xordering cost x demand)/ (Carrying cost))

Gains of accepting discount will be

i. ordering cost savings= (demand/quantity order) x ordering cost

= (660/360)*23=$42.16

ii. Price saving per item=0.18 x 660 =$118.80

total gain =$160.96

iii. Stockholding cost =300 x (23 x 0.91 ) x 0.18=$1,130.22

iv. Additional cost incurred by increasing order= 1,130.22-(300 x 23 x0.18)

=$111.78

Net gain= 160.96-111.78

= $49.18

7 0

3 years ago

Task 2: Record the listed transactions of Nikea Inc. for the first quarter (January to March) in

gavmur [86]

Answer and Explanation:

The journal entries are shown below:

a. Cash Dr $20,000

To Capital $20,000

(being the issuance of the capital stock is recorded)

b. Rent Dr $5,000

To cash $5,000

(being the rent paid is recorded)

c. Supplies dr $1,500

To Account payable $1,500

(being the supplies purchased on account is recorded)

d. Account payable Dr $1,000

To cash $1,000

(being the amount paid is recorded)

e. Cash Dr $25,000

To sales commission $25,000

(being the sales commission earned is recorded)

f. Automobile expense $4,500

To Cash $4,500

(being cash paid is recorded)

g. Office salaries Dr $8,000

To cash $8,000

(being cash paid is recorded)

h Supplies expense $1,500

To supplies $1,500

(being supplies expense is recorded)

g. Dividend payable $1,500

To Cash $1,500

(being dividend paid is recorded)

3 0

3 years ago

In preparing a company's statement of cash flows for the most recent year using the indirect method, the following information i

viva [34]

Answer:

(A) $120,000.

Explanation:

CASH FLOWS FROM OPERATING ACTIVITIES $

Net Income 52,000

Adjustments to reconcile net income to

net cash provided by operating activities:

Depreciation on Fixed Assets 20,000

(Increase) Decrease in Current Assets:

Accounts Receivables 25,000

Inventory 5,000

Increase (Decrease) in Current Liabilities:

Accounts Payable 18,000

NET CASH PROVIDED BY OPERATING ACTIVITIES 120,000

8 0

3 years ago

Appropriate and effective marketing metrics must be designed to identify, track, evaluate, and provide key benchmarks for improv

xenn [34]

Marketing metrics change with campaign preferences and generational attitudes.

What is marketing?

The practice of a business of promoting the purchase and sale of goods and services is referred to as "marketing." Promotion, publicity, and advertising make up marketing.

Marketers can track marketing analytics to gauge the effectiveness of their campaigns.

Marketing offers a measurable means of keeping track of progress and gauging efficiency.

As a result, shift in generational values and preferences.

Learn more about on marketing, here:

brainly.com/question/27155256

#SPJ1

8 0

2 years ago