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NeTakaya
3 years ago
12

Please determine which economic feature is described by the statements below. A __________ occurs as the result of a significant

decline in national output. If such a decline goes on for an especially long time, the period will be considered a __________. A __________ is the highest point before output decline, while the lowest point during the decline is known as a business or economic __________.
Business
2 answers:
slamgirl [31]3 years ago
7 0

Answer:

1. Recession

2. Depression

3. Peak

4.Trough

Explanation:

Dafna11 [192]3 years ago
4 0

Answer: Recession; Depression; Peak ; Trough

Explanation:

The business cycle is the short-term movement of the economy as it goes in and out of recession.

A recession is the significant decline in the national output. Die to recession, there are less consumption by consumers and this negatively affects the national output.

A depression is a lengthy and deep decline in the output of an economy. When there's a long time contractions in economic activities, depression has taken place.

A peak is the highest point of output before the start of a recession. It is when growth and reached its maximum rate in an economy.

Trough is the lowest point of output when there is a recession. It is the lowest point when there's a decline in economic activities.

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EcoFabrics has budgeted overhead costs of $1,077,300. It has allocated overhead on a plantwide basis to its two products (wool a
sveta [45]

Answer:

(a) $1.8 per machine hour

(b) $390 per setup

Explanation:

Given that,

Overhead allocated to the cutting cost pool = $410,400

Overhead allocated to the design cost pool = $666,900

Total machine hours = 228,000

Total number of setups = 1,710

Under activity based costing,

Overhead rate for cutting:

= Overhead allocated to the cutting cost pool ÷ Machine Hours

= $410,400 ÷ 228,000

= $1.8 Per Machine Hour

Overhead rate for design:

= Overhead allocated to the design cost pool ÷ Number of Setup  s

= $666,900 ÷ 1,710

= $390 per set up

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3 years ago
Sanders Inc. is a small brick manufacturer that uses the direct write-off method to account for uncollectible accounts. At the e
Paladinen [302]

Answer:

JOURNAL ENTRIES

Dr. Bad Debts.......................3,700

Cr. Accounts Receivable.............3,700

Explanation:

an adjustment for estimated uncollectible accounts at the end of 2021

JOURNAL ENTRIES

Dr. Bad Debts.......................3,700

Cr. Accounts Receivable.............3,700

for the actual bad debts in 2022. we have adjust for the difference between the estimate and the actual amount which is $1,100

JOURNAL ENTRIES

Dr. Accounts receivable...(3700-2600)...1,100

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3 years ago
If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the
Serjik [45]

Answer:

partial measure

Explanation:

Based on the information provided it can be said that the kind of productivity measure that can be used would be a partial measure. Partial Productivity measure relates output to a single input unit. For example, capital productivity deals with output per unit of capital while energy productivity relates output per joule of energy used. In this scenario, we would need labor productivity which is output per hour worked.

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3 years ago
Flyer estimates bad debt expense assuming that 1% of credit sales have historically been uncollectible. How much is Flyer’s bad
antoniya [11.8K]

Answer:

$4,560

Explanation:

Credit Sales               $456,000

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3 years ago
Noncash investing and financing activities may be disclosed in: Multiple Choice A note in the financial statements or a schedule
zhuklara [117]

Answer:

(A note in the financial statements or a schedule attached to the statement of cash flows.

Explanation:

Noncash investing and financing transactions do appear as a separate schedule on the statement of cash flows. They are are notable investing and financing activities that do not affect cash directly. The IFRS and US GAAP mandates companies to disclose all notable or significant non-cash investing and financing activities either at the bottom of the statement of cash flows usually in a form of a footnote or in the notes to the financial statements.

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3 years ago
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