Answer:
Analogy is defined as a comparison between two things with an aim of clarification and explanation
- (D) A firm director describes the differences between documentary and fictional films to a group of people.
Definition means of a text, word,action or concept.
- (B) A professor asks his students to read the poem as if they are reading poetry for the very first time.
Visual Demonstration is an illustrative matter, for example a model, film or a slide designed to supplement spoken or written information in order to be understood easily.
- (A) The owner of a local coffee shop hangs up a map showing the countries the shop purchases it's coffee from.
Answer:
The appropriate answer is "$9,300".
Explanation:
The given values are:
FMV,
= $31,000
Adjusted basis,
= $15,500
Encumbered mortgage,
= $9,300
Now,
The Gerald's outside basis will be:
= 
On substituting the given values, we get
= 
= 
= 
= 
($)
Answer:
$2436
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
total goods sold = (total inventory purchased + beginning inventory) - 60
(36 + 126 + 18) - 60
180 - 60
= 120
the 120 units sold would be taken from the inventory purchased on the 22nd and 7
(18 x 22) + [(120 - 18) x 20]
396 + 2040 = 2436
Answer
The answer and procedures of the exercise are attached in the images below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.
Answer:
numerous cost pools and numerous cost drivers
Explanation:
Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.
In Financial accounting, one of the most widely used activity-based costing technique is the time-driven activity-based costing.
Time-driven activity-based costing (TDABC) avails business owners the opportunity of reporting their costs on an ongoing basis (real time) which give details about the various cost of doing business, as well as the time spent on them respectively.
Cost pool is simply the amount of money spent by a firm on a particular activity.
Generally, an activity-based costing uses numerous cost pools such as manufacturing cost or customer services and numerous cost drivers such as direct labor hours worked, number of changes used in engineering department, etc.
