Answer:
B) not likely to have jurisdiction over the case because QuickAds is based in Georgia.
Explanation:
US laws do not recognize the legal existence of foreign or out of state companies, a company only exists in the state at which it was chartered. Although the internet has complicated things, since boundaries have faded, but some conditions must be met before a state court can serve a foreign company.
For a foreign company to be served by a state court, it must carry on “continuous and systematic” affiliations with residents of the state which makes them “essentially at home”. The company's operations must be substantial enough to make the company at home, i.e. it must carry a significant amount of business within the states boundaries.
Apparently this is not the case with QuickAds, so Alabama state courts will not have jurisdiction over it.
Answer:
The correct answer is letter "B": expresses items as a percentage of net sales.
Explanation:
A Common Size Income Statement reflects a percentage of net sales for each account. Common size income statements are basic tools that a business owner may use to compare the performance of his company to rivals or to compare the company to industry averages. Each line in this type of income statement is displayed as a percentage of revenue or sales and the amounts are compared to past performances which allow to observe the different values easily.
Answer:
the cost of goods manufactured is $183,000
Explanation:
The computation of the cost of goods manufactured is shown below:
Cost of goods manufactured = Labor cost + direct material purchased + overhead cost - ending balance of material - ending balance of work in process
= $66,000 + $22,000 + $98,000 - $1,000 - $2,000
= $183,000
Hence, the cost of goods manufactured is $183,000
Answer:
The correct answer is letter "A": supply and an increase in the quantity demanded.
Explanation:
U.S. craft beer production has increased, thus, the supply of craft beer is increasing. If the supply increases, the price of craft beer decreases. By demand law, if the prices of a craft beer drop, the quantity demanded for craft beer are likely to be incremented.
Answer:
$404,000
Explanation:
Overheads includes all indirect cost incurred to product the units to be sold. Indirect costs are those costs which are not directly traceable / attributable to the product. These cost are variable and fixed.
Time for each unit = 30 minutes = 0.5 hours
Budgeted production in November = Closing Inventory + Sales in November - Opening Inventory.
Budgeted production in November = (180,000 x 10% ) + 135,000 - 14,000 = 139,000
Budgeted production overhead Included all the variable and fixed overheads incurred to produce the budgeted production.
Variable overhead = 139,000 x 5 X 0.5 = $347,500
Total budgeted Overhead = $347,500 + $56,500 = $404,000
