Answer:
the applied overhead is $38,788.24
Explanation:
The computation of the amount of overhead applied is given below:
0.70 ÷ 1.70 × applied overhead + $23,900 + $71,700 = $39,190 + $150,610
0.70 ÷ 1.70 × applied overhead = $94,200
applied overhead is
= $38,788.24
Hence, the applied overhead is $38,788.24
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Answer: Given, the ball bearing market is purely competitive. Also at the current stage the firms in this market are earning positive economic profits.
Therefore , in the long run as adjustments occur in the industry, we can expect the market price of ball bearings to<em><u> </u></em><u><em>decrease and individual firms' profits to decrease.</em></u>
This will take place as new firms will enter the market once they analyze that the existing firms are earning positive economic profits. Thus this will lead to decrease in price of ball bearing and further will lead to decrease in profit os a firm.
<u><em></em></u>
<u><em>Therefore, the correct option is (d)</em></u>
Managers need to understand the possible dangers associated with a job to ensure work is being done safely. Understanding job requirements is critical to making intelligent hiring decisions.
<h3>What is
Managers?</h3>
A manager is a qualified someone who leads an organization and oversees a group of workers. Managers frequently oversee a certain department within their organization. There are many different kinds of managers, but they typically have responsibilities including making decisions and conducting performance reviews.
A manager is responsible for tasks like staffing, directing, controlling, and planning. All of these tasks are crucial for successfully managing an organization and accomplishing corporate goals. Setting goals and developing techniques for synchronizing activities both involve planning.
A business manager is responsible for managing and directing the activities and personnel of a company. They carry out a variety of duties, such as implementing business strategy, assessing business performance, and managing staff, to ensure the productivity and efficiency of the company.
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Answer:
B) Only statement II is correct.
- II. Has $20,000 of taxable income from Corporation Z.
Explanation:
One of the disadvantages of a C Corporation is that their owners (stockholders) are double taxed. That means that the corporation is taxed and then the stockholders are taxed depending on the dividends that they receive. In this case, Walter has $10,000 of taxable income from Corporation X (= $50,000 x 20%).
On the other hand, sole proprietorships, partnerships, limited liability companies and S Corporations are not taxed, they are pass through entities whose owners are taxed directly. In this case, Walter owns 20% of Corporation Z, therefore he must pay taxes on 20% of taxable income = $100,000 x 20% = $20,000.
