Answer:
b. No journal entry is required
Explanation:
Given that
Estimated percentage of losing = 40%
Estimated amount = $800,000
By considering the above information, we concluded that
As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.
Therefore in the given case, the correct option is b.
Answer:A. contracts that include unfamiliar legal terms.
Explanation: Legal terms are languages or words usually used in the legal system to prosecute cases either criminal,civil,business or industrial relations etc.
Unfamiliar legal terms are languages or words that are not usually used in the legal system,these terms or language is not familiar with the legal practitioners.
Plain language law guarantees that contracts and Communications are done with languages which the public can easily grasp and understand.
Answer: For each of the following companies, each company would be more likely to use:
a. Janitorial services company - <u>Job costing.</u>
b. Soup manufacturer - <u>Process costing.</u>
c. Commercial plumbing contractor - <u>Job costing.</u>
d. Toothpaste manufacturer - <u>Process costing.</u>
e. Catering service - <u>Job costing.</u>
Answer:
Predetermined manufacturing overhead rate= $8.3 per machine hour
Explanation:
Giving the following information:
Total machine-hours 80,000
Total fixed manufacturing overhead cost $416,000
Variable manufacturing overhead per machine-hour $ 3.10
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= (416,000/80,000) + 3.1
Predetermined manufacturing overhead rate= $8.3 per machine hour
Answer:
correct answer is b. business process model (BPM)
Explanation:
the correct answer is business process model
as business process model is an important tool for understand and improving in any organization operation for process manager and any high level stakeholder and it is a graphical representation of business process and the workflow process
we do it by some graphing method like flowchart and data flow diagram etc
so correct answer is b. business process model (BPM)