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3 years ago

Select the correct answer.

Business

2 answers:

aalyn [17]3 years ago

7 0

Answer:

Explanation:

usually when ppl have to reserve things it's usually booked

mart [117]3 years ago

5 0

Hola me ha dicho un favor y que se pueda ver a la tarde si no a las puertas was gonna we gonna was gonna I wanna was a

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Consider two policies: a tax cut that will last for only one year and a tax cut that is expected to be permanent. True or False:

NeTakaya

Answer: False

Explanation:

A short term tax cut will not affect spending as much as a permanent tax cut.

With a short term tax cut, people will know that they will have to go back to paying higher taxes in a short while and so will spend less so that they may be able to afford the higher taxes when they are reimplemented.

If a tax cut is long term however, consumers will spend more because they do not have to worry about having to afford to pay higher taxes after the year expires.

4 0

3 years ago

Summarize the main points of a wise investment strategy

mestny [16]

Answer:

Strategy 1: Value Investing.

Strategy 2: Growth Investing.

Strategy 3: Momentum Investing.

Strategy 4: Dollar-Cost Averaging.

4 0

3 years ago

An economy is created by the interaction between which teo groups of people?

melomori [17]

Answer:

producers and consumers

Explanation:

producers and consumers create the interaction between the demand and the supply that is the basis for any given economy.

3 0

3 years ago

Crane Enterprises reported cost of goods sold for 2020 of $1,290,700 and retained earnings of $4,708,100 at December 31, 2020. C

Grace [21]

Answer:

Adjusted Cost of Goods sold = $1,206,860
Adjusted Retained Earnings = $4,675,190

Explanation:

An overstated opening inventory would overstate Cost of Goods sold. The overstatement should therefore be removed from the Cost of goods sold.

An overstated closing inventory would understate Cost of Goods sold. The overstatement should therefore be added to the Cost of Goods sold.

Adjusted Cost of Goods sold 2020 = Cost of Goods sold + 2020 ending inventory - 2019 opening inventory

= 1,290,700 + 32,910 - 116,750

= $1,206,860

Adjusted Retained earnings

The retained earnings would have to be adjusted for the overstatement of the current inventory by $32,910 because this understated Cost of Goods sold.

= Retained earnings - Overstatement of inventory

= 4,708,100 - 32,910

= $4,675,190

8 0

3 years ago

The following data relate to labor cost for production of 22,000 cellular telephones:

Anuta_ua [19.1K]

Answer:

Results are below.

Explanation:

Giving the following information:

Production= 22,000 units

Actual: 4,220 hrs. at $44.50

Standard: 4,160 hrs. at $46.00

<u>To calculate the direct labor time and rate variance, we need to use the following formula:</u>

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (4,160 - 4,220)*46

Direct labor time (efficiency) variance= $2,760 unfavorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (46 - 44.5)*4,220

Direct labor rate variance= $6,330 favorable

Total variance= 6,330 - 2,760

Total variance= $3,570 favorable

5 0

3 years ago