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3 years ago

14

If actual overhead incurred during a period exceeds applied overhead, the difference will be a credit balance in the Factory Ove

rhead account at the end of the period.
True or False

1 answer:

Charra [1.4K]3 years ago

8 0

Answer:

faslee

Explanation:

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You lent $680 to a friend for one year at a nominal rate of interest of 3 percent. Inflation during that year was 2 percent. Did

Naddik [55]

Answer:

the purchasing power of the money increased

Explanation:

first we must calculate the future value of the money that was lent:

future value = present value x (1 + interest rate) = $680 x 1.03 = $700.40

if we want to know if the purchasing power of our money remains the same or not, we must discount the future value of the loan using inflation rate as the discount rate:

present value = future value / (1 + discount rate) = $700.40 / 1.02 = $686.67

the net present value of our loan = $686.67 - $680 = $6.67, so the purchasing power of our money increased

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3 years ago

During the spring and summer of 2016, when gasoline prices were rising quickly, politicians in several countries proposed and a

vaieri [72.5K]

Answer:

consumers would find it cheaper to buy gasoline

Explanation:

In the short run a tax cut or tax suspension as we have In this question is able to increase demand because it increases peoples disposable income. This tax cut of $0.4 would remove burden on gasoline consumers. By removing the tax on gasoline the price of gasoline would become lower and consumers would find it easier and cheaper to purchase

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4 years ago

Brookman Inc's latest EPS was $2.75, its book value per share was $22.75, it had 315,000 shares outstanding, and its debt ratio

inessss [21]

Answer:

Debt Outstanding = 5,630,635

Explanation:

Shares outstanding * book value per share = equity

315000 x 22.75 = 7,166,250

$debt \: ratio = liab \div assets = 0.44$

<u>where:</u>

assets = liab + equity

equity = 7,166,250

So we express asset in the debt ratio formula as the sum of liab and equity to be able to solve for liab

liab / (liab + 7,166,250) = 0.44

liab - .44liab = 7,166,250*0.44

liab = 7,166,250*.44/.56 = 5,630,635

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4 years ago

Read 2 more answers

What are at least two things athlete shown for the first few minute

Vanyuwa [196]

AGILITY AND STRENGTH

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3 years ago

Simar Sales Co. sells and installs kitchen appliances. Simar guarantees parts and labor for one year after installation. Simar w

sweet-ann [11.9K]

Based on accounting principles, Simar Sales Co. sells and installs kitchen appliances. Simar guarantees parts and labor for one year after installation. Simar would record potential claims in a(n) <u>Warranty Liability account</u>.

This is because a <u>Warranty Liability</u> <u>account</u> is a type of account that is established to record the number of the repair or replacement costs that a company expects to incur for commodities already shipped or services already conducted.

Warranty Liability account or Estimated Warranty Liability account are used mostly by firms that offer products that have warranty periods.

Hence, in this case, it is concluded that the correct answer is a Warranty Liability account.

Learn more here: brainly.com/question/15457683

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3 years ago