All categories

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.

You might be interested in

Parr Hardware Store had net credit sales of $6.5mil and cost of goods sold of $5mil for the year. The Accounts Receivable balanc

kifflom [539]

Answer:

Accounts Receivables Turnover Ratio = $\frac{6,500,000}{650,000}$ = 10 times.

Explanation:

Accounts Receivables Turnover ratio = $\frac{Net \:Credit \: Sales}{Average \: Receivables}$

Here Net Credit Sales = $6.5 million

Accounts Receivables Opening Balance = $600,000

Accounts Receivables Closing Balance = $700,000

Average Accounts Receivable Balance = $\frac{600,000 \:+ 700,000}{2} = 650,000$

Accounts Receivables Turnover Ratio = $\frac{6,500,000}{650,000}$ = 10 times.

This shows that accounts receivables are on an average 1/10th of credit sales.

Final Answer

Accounts Receivables Turnover Ratio = $\frac{6,500,000}{650,000}$ = 10 times.

3 0

3 years ago

Compared with free trade, large countries may increase national welfare when they place a tariff on imports. What unique aspect

Crazy boy [7]

Answer:

The correct answer is: reduce the world price of import when they levy a tariff.

Explanation:

Import tariffs make foreign goods more expensive, encouraging the purchase of domestic goods. Governments also justify applying tariffs to protect national jobs, infant industries, to retaliate against a trading partner, or to protect their consumers.

On the other hand, a less common tariff is the export tariff. That is, the one that is imposed on a good or service sold abroad in your country. They are generally imposed by countries that export primary products, either to increase incomes or to create shortages in world markets and thus raise world prices.

The imposition of tariffs is known as tariff barriers. In addition, there are non-tariff barriers to promote the protection of national industries. It consists of putting technical, legal obstacles, quotas or other measures that discourage importation.

4 0

4 years ago

Sage Company had cash receipts from customers in 2020 of $137,920. Cash payments for operating expenses were $84,990. Sage has d

Triss [41]

Answer:

sales revenue for the period: $ 143,900

operating expenses: $ 78,000

Explanation:

We solve for sales using the account recievable identity:

beginning account receivable + sales - collection = ending account receivable

12,330 + sales - 137,920 = 18,310

sales = 137,920 + 18,310 - 12,330 = 143,900

Then, for operating expenses, we have a prepaid expenses thus unexpired and therefore, not expenses under accrued accounting.

we solve like this:

beginning prepaid expenses 19,800

payment on expenses 84,990

total expenses payment 104,790

We now subtract the prepaid (unexpired) to get the amount accrued for the period:

104,790 - 26,790 = 78,000

4 0

3 years ago

Dividend Company is a are company that as been profitable and growing for a long time. In the most recent shareholders report, t

Vlad1618 [11]

Dividends= $ that people who bought stock in a company receive. Generally, these increase when the company is doing well.
Stock= becomes more expensive the better a company is doing and has been doing for a while because it is in higher demand.

I predict that the company's stock will rise because it is in higher demand based upon it's consistently doing well. Make sense?

4 0

4 years ago

Steak Company acquired a building valued at $170,000 for property tax purposes in exchange for 10,000 shares of its $5 par commo

Yuliya22 [10]

Answer:

$160,000

Explanation:

Data provided in the question:

Value of the building acquired = $170,000

Number of shares exchanged = 10,000

Selling price of the stocks = $16 per share

Now,

The amount for which the building will be recorded by Steak Company is the market value of the shares that has been exchanges to acquire the building.

Therefore,

The amount for which the building will be recorded by Steak Company

= Number of shares exchanged × Selling price of the stocks

= 10,000 × $16

= $160,000

3 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?