Answer:
False
Explanation:
You just split everything 50-50
First option.
Indeed, some people may benefit by paying the artificial price, but not all as other people may not be able to satisffy all their demand as a price ceiling will also effectively create a shortage due to the low prices disincentivizing producers.
Answer:
$9,600
Explanation:
Calculation for Bumble Bee's pretax accounting income
Using this formula
Pretax accounting income=Taxable income-Accrued warranty expense+(Tax depreciation-Book depreciation)
Let plug in the formula
Pretax accounting income=$7,000-$400+($5,000-$2,000)
Pretax accounting income=$7,000-$400+$3,000
Pretax accounting income=$9,600
Therefore Bumble Bee's pretax accounting income will be $9,600
Answer:
Correct option is D.
Explanation: A contingency is an existing situation where uncertainty exists as to possible gain or loss that will be resolved when one or more future events occur or fail to occur.
In business, a contingency plan is a plan or course of action a company would implement if an unexpected event occurs. Basically, what this means is that a company is preparing for any outcome.
<u>Answer:
</u>
Out of the following positions, the position of the factory supervisor would have a salary or wage that is classified as a factory overhead cost by a baking company.
<u>Explanation:
</u>
- For a baking factory, professionals like a baker, a salesman, or the president of the company are mandatory to have.
- The need for a factory supervisor arises only if it is devised or felt that the employees would not work properly if they are not monitored.
- If such a need is not felt anymore, the salary of the factory supervisor would be considered as an overhead cost by the company.
