Answer:
debit to Manufacturing Overhead of $65,000
Explanation:
Manufacturing overhead cost are those that are shared to different processes that do not contribute directly to product being manufactured.
For example raw materials is a direct contributor to goods, while labour is a overhead cost that indirectly contributed to the good.
On the given scenario it is the actual amount incurred that will be debited to the books of the company.
So there will be a debit to Manufacturing Overhead of $65,000
Answer:
Parke Company
The amount of interest expense should be included in Parke's 20X4 income statement is:
= $30,600.
Explanation:
a) Data and Calculations:
3-year Non-interest bearing note payable = $360,000
Imputed interest rate for this type of loan = 12%
Present value of the loan = $255,000
Interest expense as of December 31, 20X4 = $30,600 ($255,000 * 12%)
b) The interest expense is based on the present value of the loan and not on the future value of the note payable. Therefore, the interest expense for each of the three years will not be the same amount but will continue to increase as the present value changes from one year to the next.
Answer:
The answer should be the last part of the B option .- Selecting the course of action most likely to lead to success.
Explanation:
The four basic functions of management are:
- planning
- organizing
- leading
- controlling
Planning is the most basic and fundamental activity of management. Management starts by planning ahead what is your vision of the organization and how it should be structured. When you plan you prepare yourself in advance for the future.
Answer:
False
Explanation:
It is false to conclude that on crucial issues such as this, it is more important to gather information through the informal organization, as opposed to the formal organization because f<u>ormal organizations are designed to achieve crucial goals through the collective work of the individuals who are its members. They rely on a division of labor and hierarchy of power and authority to ensure that the work is done in a unified and efficient manner. while the primary function of informal organizations is basically to maintain cultural values and the provision of social satisfaction for its members.</u>
Answer: Only one issue is discussed at a time
Members have equal and basic rights (vote, oppose and heard)
Minority rights are protected
Explanation:
The parliamentary meeting procedure is as follows;
- Only one issue is discussed at a time
- Members have equal and basic rights (vote, oppose and heard)
- Minority rights are protected
- The chairman authorizes anyone to speak
- The chairperson is impartial.
- Votes decides decisions
- Every member on the floor can contribute
The purpose;
They are rules to ensure businesses are operated in the right order
