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poizon [28]
3 years ago
12

Which statement is false?

Business
1 answer:
WINSTONCH [101]3 years ago
3 0

Option B, The predetermined overhead allocation rate is based on actual costs.

Explanation:

The term "pre-set overall rate" refers to the allocation rate at the outset of a project, which is based on the expected cost of overhead output for a certain reporting period.

This rate is often used to make book closure quicker as it eliminates estimation of real overhead costs as part of the closing process at the end of the period. Nevertheless, at least at the end of every fiscal year, the disparity between the real and expected overhead sums must be reconciled.

The predetermined rate is derived by calculation as follows:

Estimated amount of manufacturing overhead to be incurred in the period ÷ Estimated allocation base for the period

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Aleonysh [2.5K]

Answer:

The correct answer is letter "B": large numbers of depositors withdrawing their deposits within a short period of time.

Explanation:

A bank run is a situation in which account holders massively withdraw their funds under the fear the financial institution will lose its liquidity. The situation gets to a point in which the bank is at risk of sensing all its reserves and fail to provide all its clients the money they deposited.

In the U.S. financial institutions with deposits between $16 and $122.3 million must have a minimum reserve of 3%. When the deposits exceed $122.3 million the minimum reserve increases to 10%. The rest of the money is reinvested by banks.

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3 years ago
Economists are: Select one: a. concerned with developing theories and interested in solving problems. b. interested in solving p
Roman55 [17]

Answer:

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Explanation:

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vlada-n [284]
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4 years ago
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koban [17]

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4 years ago
Klear Manufacturing sells its plant with a cost of $1.2 million to Burt Company for $1.4 million and immediately leases it back
AfilCa [17]

Answer:

Klear Manufacturing

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Explanation:

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b) The sale and leaseback creates a right of use asset as well as a lease liability.  Therefore, the Cash account is debited for the cash receipts from the transaction and the Lease Liability is credited.  Also debited is the right of use asset with corresponding credits to the Asset account and Gain from Sale.

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