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3 years ago

The real-balances effect suggests that a

Business

1 answer:

Anettt [7]3 years ago

8 0

Answer:

Explanation:

real-balance effects do not have to so with the valuation of financial assets.

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Jacob and Marla were both presented with a complex accounting issue that neither had seen before. Marla was able to look at the

devlian [24]

Answer: Generally, when trying to solve a complex accounting problem in which there are obstacles and little knowledge about the subject, the most advisable thing is to work from a conceptual framework which serves as a guide to find a reasonable answer to the problem in question. In this case Marla was clearly working with a conceptual framework, and instead Jacob was not.

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3 years ago

One of the differences in accounting for a process costing system compared to a job order system is that the amounts used to tra

AlekseyPX

Answer:

The correct answer is letter "A": true.

Explanation:

Companies using the process costing approach accumulate and assign costs to mass production of a good. Instead, job order costing assigns costs of manufacturing to individual units of production. In process costing, the costs are reported from one department involved in manufacturing to another following the production process. On the other hand, in job order costing, the costs are reported in job cost cards as they are being used.

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What term was coined by Goldman Sachs in 2001 to describe the fastest growing market economies?

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3 years ago

In what product is colombia a world leader in legally exporting?

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A colombia world leader is legally exporting coffee beans

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3 years ago

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Ethan Manufacturing Inc. produces floor mats for automobiles. The owner, Joseph Ethan, has asked you to assist in estimating mai

Lelu [443]

Answer:

Month Maintenance Machine Equation MAPE

costs hours error (Abs.)

1 $2,750 1,840 $269 9.78%

2 $2,910 1,920 $197 6.77%

3 $3,060 2,000 $135 4.41%

4 $3,170 2,020 $47 1.48%

5 $3,250 2,050 0 0%

6 $3,220 2,030 $8 0.25%

7 $3,160 2,010 $46 1.46%

8 $3,000 1,990 $184 6.13%

9 $2,770 1,850 $260 9.39%

10 $2,370 1,250 0 0%

11 $2,380 1,450 $210 8.82%

12 $2,600 1,740 $309 11.88%

60.37%

variable cost per unit = (highest activity cost - lowest activity cost) / (highest activity units - lowest activity units) = ($3,250 - $2,370) / (2,050 - 1,250) = $880 / 800 units = $1.10 per unit

fixed cost = $3,250 – ($1.10 x 2,050) = $995

Cost model = $995 + $1.10X

2. Calculate the mean absolute percentage error (MAPE) for the cost equation you developed in requirement 1.

MAPE = 60.37% / 12 = 5.03%

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3 years ago