Answer:
d. Predetermined Overhead Rate = Estimated Annual Overhead / Estimated Annual Activity Level
Explanation:
Predetermined Overhead rate is based on the estimated activity level, based on the estimated annual activity cost.
It calculates the rate per hour for the activity or overheads to be charged.
After the actual overheads are incurred the calculation of overheads over-applied, or under-applied is done, based on actual hours
predetermined overhead hours.
Drone entrepreneurs are entrepreneurs who do not change the already introduced production methods.
Drone entrepreneurs are those who don't like change. They want to do business according to their own style. These kinds of people attach pride and tradition to outdated methods. They are basically entrepreneurs who like to follow traditional methods of doing business.
Drone entrepreneurs are the ones who don't like innovative ideas. They even avoid any sort of transformation. They like the present situation of the business. Even if they have to bear loss they still do not want to modify or change their business.
Drone entrepreneurs are reluctant to accept opportunities. They always follow conventional ideas and products. They enjoy their present mode of business. They usually like their own principle and ideas to follow. They do not want to get rid of their traditional business machinery or traditional business system. They are basically orthodox in their outlook and are laggards.
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The way that the transaction is going to appear if it makes use of accrual accounting is that $350 would show up on the income statement as a sale.
<h2>What is meant by accrual accounting?</h2>
This is what is also referred to as accrual based accounting. This type of accounting is one that has the transactions and all recorded in the books of accounts in such a way that they would reflect even though the service or the goods for which the payment is being made has not been received.
Hence from the explanation that we have here, the The way that the transaction is going to appear if it makes use of accrual accounting is that $350 would show up on the income statement as a sale.
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Answer:
d. Generates a change in quantity demanded.
Explanation:
Because in this case only the price is changing and all other factors are held constant the demand curve will not move and any movement that will take place will be along the demand curve. If the price increases the quantity demanded will decrease and if the price decreases the quantity demanded will increase, the reason for this is that the demand curve is downward sloping, therefore a price change will only change the quantity demanded.
In this scenario, the teenage group can be referred to as a minority.
The majority of people who like the drink are no teenagers. The majority of drinkers are 30-40.