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attashe74 [19]
3 years ago
15

How can you avoid spending more than what is in your

Business
1 answer:
zimovet [89]3 years ago
4 0

Answer:

keep your own records to compare with your financial institutions records

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Gilson Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and
Ann [662]

Answer:

a. $2,020 Favorable

Explanation:

The computation of spending variance for direct materials in April is shown below:-

For computing the spending variance for direct materials in April first we need to find out the actual price per unit which is here below:-

Actual price per unit = Actual direct material ÷ Actual units purchased

= $49,086 ÷ $5,060

= $9.70

Spending variance for direct materials in April = (Actual price per unit - Standard price per unit) × Actual quantity

= ($9.70 - $10.10) × 5,060

= -$0.4 × 5,060

= $2,024 Favorable

which is closest to $2,020 Favorable.

3 0
3 years ago
Ottawa university sold 15,000 season football tickets at $80 each for its six-game home schedule. what entry should be made when
RUDIKE [14]
<span>The total revenue they earned from selling the football tickets is $1,200,000. As a result, they should debit cash for $1,200,000 and credit for unearned revenue for the same amount.</span>
4 0
3 years ago
Profit Inc., a manufacturing firm, has purchased raw materials worth $10,000 on credit from its vendors. The business plans to s
andrezito [222]

Profit Inc., a manufacturing firm, has purchased raw materials worth $10,000 on credit from its vendors. The business plans to settle the vendor’s full payment after two months. Under "current liabilities"section of balance sheet this account will be recorded as "account payable".

Answer: Option (B) is correct

<u>Explanation:</u>

Raw material purchased on credit from a vendor is a liability and it is shown under current liabilities in "accounts payable". Since raw material purchased on credit and payment is to be made after two months.

Payment due gives rise to liability. Now current liability is a company's short term obligations that are to be paid back within a year. Here the firm will have to make payment within two months to the vendor.

8 0
2 years ago
Read 2 more answers
To sum up international trade theory, we can say that the primary reason for trade is
muminat

Answer:

The primary reason for trade is for the economic development of a country.

Explanation:

Trade makes a significant and necessary contribution to the economy and the country's development particularly in underdeveloped countries. The rapid progress of underdeveloped countries in the Industrial field is due to their exports. In most countries, such would represent a significant share of their gross domestic product (GDP).

6 0
3 years ago
In the context of the number and the intensity of external factors in the environment that affect organizations, a(n) _____ is d
xxMikexx [17]

Answer:

simple environment

Explanation:

Organizational environment can be regarded as internal as well as external environmental factors which can influence the activities and

decision making of the

organization. The environment of an organization has a surroundings which has favourable or unfavorable effects on its operations. simple environment is one with a limited environmental factors which can influence or affect the operation of the organization, the intensity of external factors that affects

simple environment is very low compare to complex environment. It should be noted that In the context of the number and the intensity of external factors in the environment that affect organizations, simple environment is defined as an environment with few environmental factors.

4 0
2 years ago
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