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3 years ago

Would an advertising agency use job order or process costing? What about a cell phone manufacturer?

Business

1 answer:

Leokris [45]3 years ago

6 0

Answer:

D) Advertising agency long dash job order costing; Cell phone manufacturer long dash process costing

Explanation:

The job order costing system is used when the service or product offered are significantly different from others. In the case of an advertising agency, no service is the same since no client will require the same advertising campaign.

The process order costing system is used when the service or product offered are similar to others. In the case of a cell phone manufacturer, they might offer a few different models but in essence the products are very similar.

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Sorenson LLC, a publicly traded company, has ten members on its board. Of the ten members, six members are employees of the comp

Vesnalui [34]

Answer:

D. 7

Explanation:

Based on the information provided within the question it can be said that they need to appoint a total of 7 outside board members to achieve board independence. This is because in order to achieve board independence the board needs to consist of more members that are not employees than those who are. This is because votes need to be made in accordance to what is best for the company and shareholders, which may not always be best for the employees. Therefore when voting the employees may be biased.

8 0

3 years ago

Mountain High Ice Cream Company transferred $72,000 of accounts receivable to the Prudential Bank. The transfer was made with re

docker41 [41]

Answer:

Journal Entry

Explanation:

Cash Dr, $63,360

Loss on sale receivable Dr, $6,640

Receivable from factor Dr, $6,200

To resource liability $4,200

To Accounts receivable $72,000

(Being transfer on the books of Mountain High is recorded)

Working Note :-

2% × $72,000 = $1,440

Cash = ($72,000 × 0.90) - ($72,000 × 0.02)

= $64,800 - $1,440

= $63,360

Loss on sale receivable = ($4,200 + $72,000) - ($63,360 + $6,200)

= $76,200 - $69,560

= $6,640

8 0

3 years ago

Alyssa was a severe schizophrenic who had to be institutionalized. Alyssa's cousin, Marlene, told Alyssa that she would buy her

Diano4ka-milaya [45]

Answer: capacity

Explanation:

4 0

3 years ago

The Woods Co. and the Speith Co. have both announced IPOs at $69 per share. One of these is undervalued by $16, and the other is

lana [24]

Answer:

(a) $18,000

(b) $3,600

Explanation:

(a) Profit would be:

= (No. of shares × Undervalued) - (No. of shares × Overvalued)

= (1,800 × $16) - (1,800 × $6)

= $28,800 - $10,800

= $18,000

(b) Only half your order will be filled.

With rationing (and being an uninformed investor) we expect our profits:

= (No. of shares × Undervalued) - (No. of shares × Overvalued)

= (900 × $16) - (1,800 × $6)

= $14,400 - $10,800

= $3,600

6 0

3 years ago

g Mr. and Mrs. David file a joint tax return. They have $169,300 taxable income in 2020, $120,300 of which is ordinary income an

Paul [167]

Answer:

$5,860

Explanation:

Computation for their tax savings from the preferential rate

First step is to calculate their tax liability

Using this formula

Tax liability =[Tax amount on $169,300 ordinary income-(Tax Amount on $120,300 ordinary income +Tax amount on $49,000 preferential income)]

Let plug in the formula

Tax Savings=[$35,648-($22,438+$7,350)]

Tax Savings=$35,648-$29,788

Tax Savings=$5,860

Therefore their tax savings from the preferential rate is $5,860

8 0

3 years ago

Would an advertising agency use job order or process​ costing? What about a cell phone​ manufacturer?

Would an advertising agency use job order or process costing? What about a cell phone manufacturer?