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3 years ago

Which of the following statement shows the financial position of a business entity as on date

Business

1 answer:

svlad2 [7]3 years ago

8 0

Answer:

b) balance sheet

Explanation:

Balance sheet: The assets liabilities and stockholder equity are reported in the balance sheet. The accounting equation that is displayed below is used in this:

Total assets = Total liabilities + stockholder equity

The balance sheet debit and credit side should always be equal and balanced.

In addition, it is always prepared on the date specified plus it is also reflects the financial position, financial performance of the company.

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Storm Concert Promotions Valle Home Builders

KIM [24]

Answer:

Storm Concert Promotions

It was overapplied as the amount appliued exceed the actual overhead cost so we decrease the cost of good.

manufacturing overhead 3,200 debit

COGS 3,200 credit

Valle Home Builders

It was underapplied as the amount applied was below the actual overhead cost. We must increase the cost of our good sold to recognize the extra cost.

COGS 1,200 debit

manufacturing Overhead 1,200 credit

Explanation:

Storm Concert Promotions

Actual indirect materials costs 22,000

Actual indirect labor costs 46,000

Other overhead costs 17,000

Total overhead 85,000

Overhead applied 88,200

Overapplied overhead 3,200

Valle Home Builders

Actual indirect materials costs 12,500

Actual indirect labor costs 46,500

Other overhead costs 47,000

Total overhead 106,000

Overhead applied 105,200

Overhead underapplied 1,200

6 0

3 years ago

Which field deals with behavioral issues as well as technical issues surrounding the development, use, and impact of information

xz_007 [3.2K]

Information systems for management. focuses on the development, usage, and effect of information systems utilized inside an organization, as well as behavioral and technical concerns related to these topics.

A management information system (MIS) is a type of information system used in organizations for information coordination, control, analysis, and visualization as well as decision-making. People, procedures, and technology are all involved in the organizational setting of the study of management information systems.

What three different types of management information systems are there?

Operational-level systems, management-level systems, and strategic-level systems are the three primary kinds of information systems that serve various organizational levels.

To know more about Information systems for management.

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7 0

1 year ago

PM Industries has two service departments (Administration and Maintenance) and two operating departments. Departmental costs bef

Nutka1998 [239]

Answer:

The answer is " 873,529.412"

Explanation:

Following are the equation which the administration would be responsible for the costs of the maintenance departments:

$\to 1,650,000 \times \frac{1,350}{(1,350+1,200)}\\\\\to 1,650,000 \times \frac{1,350}{2,550}\\\\\to 1,650,000 \times \frac{135}{255}\\\\\to 1,650,000 \times \frac{27}{51}\\\\\to 1,650,000 \times \frac{9}{17}\\\\\to \frac{14,850,000}{17}\\\\\to 873,529.412$

6 0

2 years ago

One way to support the domestic marketing campaign is through industry participation. List three other pillars of this campaign.

Whitepunk [10]

Answer: strategic pillars: content, data, and execution

Explanation:

3 0

2 years ago

One benefit of specialization is that it

tiny-mole [99]

-Whenever countries have different opportunity costs in production they can benefit from specialization and trade.
-Benefits of specialization include greater economic efficiency, consumer benefits, and opportunities for growth for competitive sectors.

8 0

3 years ago