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kifflom [539]
2 years ago
13

Under variable costing, which of the following costs would be included in finished goods inventory? a.salary of vice president o

f finance b.salary of salesperson c.straight-line depreciation on factory equipment d.wages of carpenters in a furniture factory
Business
1 answer:
e-lub [12.9K]2 years ago
3 0

Answer:

d.wages of carpenters in a furniture factory

Explanation:

Under variable cost, the following cost is needed to be covered

1. Direct material  

2. Direct labor

3. Staff wages  

4. Freight out charges

5. Commission etc.

The salary of vice president, salesperson and the depreciation on factory equipment would not be considered as a variable cost because they covered under the fixed cost

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A broker has a single agency relationship with the seller. Any REQUIRED property condition disclosure would be completed by the
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Answer:

Buyer

Explanation:

It will be completed by the buyer. This is because after the seller has indicated the potential defects and problems that could potentially affect the value of the property, the onus lies on the buyer to complete the form from his findings too in that regards.

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During the Asian financial crisis, the leading financial powers seemingly either declined to take part in the rescue operations,
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The correct answer is ASEAN+3.

Explanation:

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performance and management provides __________ and ____________ integration of different elements that makeup an organization
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Answer:

The correct answer is letter "C": Technological; social.

Explanation:

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On January 1, 2020, Jacobs Company sells land financed through an $80,000 note, issued by Andress Company. The note is an $80,00
12345 [234]

Answer:

Entries are shown below.

Explanation:

To record the journal entries, we first need to calculate interest payment and principal as per the present value. This is done below:

                                                    PV Factor     Present Value

Interest Payment     $6,400           1.7125         $10,960

Principal                   $80,000         0.8116        $64,928

                                                                           $75,888

<u>Journal Entries</u>

Date                Particular                            Debit ($)        Credit ($)    Working  

Jan 1, 2020 Note Receivable                80,000  

                       Discount on Receivable              4,112  

                       Land                                             75,888  

Dec 31, 2020  Cash                                6,400  

                        Discount on Receivable 1,948                    (8348-6400)

                        Interest Revenue                               8,348     (75888*11%)

Dec 31, 2021   Cash                                  6,400  

                         Discount on  Receivable      2,162             (4279-3600)

                         Interest Revenue                             8,562

                                                                                                (75888+1,948)*11%

Dec 31, 2021    Cash                                  80,000  

                          Notes Receivable                                 80,000

7 0
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