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4 years ago

9

The value of housework and child care have systematically been undervalued by social programs such as Social Security, unemploym

ent insurance, and many public policies concerned with marriage and divorce.
1. true
2. false

1 answer:

MrMuchimi4 years ago

8 0

Answer:

The answer is true

Explanation:

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Differentiate between cash-basis accounting and accrual-basis accounting. Why is accrual-basis accounting the preferred method f

Umnica [9.8K]

Answer:

Reason : To ensure constant flow of cash

Explanation:

<u>Accrual Basis of accounting</u> records transactions when they meet definition and recognition criteria of Assets, Liabilities,Equity, Expense and Incomes.

This is different from<u> cash-basis accounting</u> which records transactions at the receipt or payment of cash.

Because of <em>timing</em> difference, the cash transactions (cash basis) can happen a late than the day of recognition of the elements (accrual basis).

Hence Revenue services demand that income tax be calculated on accrual basis to ensure a constant flow of cash whenever an entity transact.

8 0

3 years ago

Rio Bus Tours has incurred the following bus maintenance costs during the recent tourist season. (The real is Brazil’s national

SVETLANKA909090 [29]

Answer:

1. Variable cost = $0.125/mile and Fixed cost = $16,225

2. x = $16,225 + $0.125 × y

3. total maintenance cost = $21,600

Explanation:

Requirement 1

We know,

Variable cost using high-low method = (Total highest cost - Total lowest cost) ÷ (Highest activity - Lowest activity)

Given,

Highest activity = 31,400 miles (March)

Lowest activity = 13,400 miles (April)

Total highest cost = $20,150 (March)

Total lowest cost = $17,900 (April)

Therefore,

Variable cost using high-low method = ($20,150 - $17,900) ÷ (31,400 - 13,400) miles

Variable cost using high-low method = $2,250 ÷ 18,000 miles

Variable cost using high-low method = $0.125 per mile

Again,

we know, Total cost = Fixed cost + Variable cost

Using highest total cost and highest activities,

$20,150 = Fixed cost + $0.125 × 31,400 miles

or, $20,150 = Fixed cost + $3,925

or, Fixed cost = $20,150 - $3,925

Fixed cost = $16,225

Requirement 2 and 3

Requirement 2

The formula to express the cost behavior exhibited by the company's maintenance cost =

Let,

Total cost = x

Traveled by Tour Buses = y

As the fixed cost is fixed, the formula to express the answer =

x = $16,225 + $0.125 × y

It means, total cost = fixed cost + variable cost per miles driven.

Requirement 3

The level of maintenance cost that would be incurred during a month when 43,000 tour miles are driven =

total cost = fixed cost + variable cost per miles driven.

or, total cost = $16,225 + $0.125 × 43,000 miles

Total cost = $16,225 + $5,375

Therefore, total maintenance cost = $21,600

8 0

3 years ago

What is the most common form of business organization

-Dominant- [34]

A sole proprietorship is the most common form of business organization.

8 0

3 years ago

Little's law states that the average number of people in a waiting line is the average customer arrival rate multiplied by the:

a_sh-v [17]

John Little is known for his queueing theory which is basically a theory on the probability of a customer waiting in the same line. This is applicable in every establishment that does first come, first serve basis. The probability of a person staying in line, and not changing to other lines, is expressed by the so-called Little law. It states that the average number of customers in the waiting line is equal to the average effective arrival ate multiplied with the average time that the customer spends in the waiting line. This law is very useful and valid because it does not count into factors the miscellaneous things like process distribution, service distribution, service order, etc.

7 0

3 years ago

1. Suzie’s Flowers purchases a wide variety of houseplants. One of Suzie's favorites, the large split-leaf philodendron, costs $

Law Incorporation [45]

Answer:

1. Split-leaf philodendron will cost $22.475

2. Consumers will buy the tents at $99.96

Explanation:

1. The split-leaf philodendron costs $13.50 plus $1 to take care of the plant.

the total purchasing cost of the plant is $14.50 ( $13.50 + $1)

If mark-up is at 55%, the selling price will be the cost price plus markp

=$14.50 +( 55% of $14.50)

=$14.50 +(55/100 x $14.50)

=$14.50 + $7.975

=$22.475

Split-leaf philodendron will cost $22.475

2. Manufacturers sell tents at $59.95. wholesalers put a mark-up of 15%.

The wholesaler's price will be?

manufacturers price is 100%, so wholesalers price will be 115%

wholesaler price will be 115% of $59.95

=115/100 x $59.95

=1.15 x $59.95

=$68.94

Wholesalers sell to retailers who put a 45% mark-up for consumers. The retailer's price is equivalent to 100%

Consumers price will be 45% more than retailers, which is 145%

consumers will be 145% of $68.94

=145/100 x $68.94

=1.45 x $68.94

=$99.96

Consumers will buy the tents at $99.96

3 0

3 years ago