Answer:
B
Explanation:
Mortgages prevent government regulation of property but involve higher taxes
Answer:
Total cost= $101,380
Explanation:
Giving the following information:
Production for April= 56,000
Production for May= 52,000
The raw material costs $1.85 per unit.
Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 16,800 units.
We need to determine the budgeted material purchases for April:
Purchases= production for April + ending inventory - beginning inventory
purchases= 56,000 + (52,000*0.3) - 16,800= 54,800 units
Total cost= 54,800*1.85= $101,380
The variance is the difference between the total actual cost incurred and the total standard cost.
<h3>What is variance in accounting?</h3>
In the field of accounting, the variance is simply referred to as the difference that exists between the forecasted amount and the actual amount.
Therefore from the definition that we have above the answer to this question is variance.
Read more on variance here: brainly.com/question/15858152
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Answer:
b. exit barriers are high
Explanation:
Declining industries are those industries wherein the industry has saturated and experiences a negative growth. The characteristic of such industries being the products are lesser in demand.
For instance, cassettes and magnetic tapes industry was in demand until the arrival of more advanced forms such as compact discs and usbs, post which those industries turned into declining industries.
A declining industry with high barriers to exit would experience a greater competition since the barriers would encourage competition instead of withdrawal. And with higher costs of withdrawal, the firms continue producing at negative growth.
Answer:
GBI
a. Journal Entries
Feb. 2
Debit Supplies Expense $800
Credit Payables-Misc. account $800
To record the purchase of supplies on account.
Feb. 4
Debit Accounts Payable $800
Credit CAsh $800
To record the payment on account.
b. The resulting document numbers are:
FI document number 1: __________ 100001
FI document number 2: __________ 100002
Explanation:
The journal entries are made to initially record the transactions in the books of GBI. Journal entries identify the accounts involved in every transaction. They add some brief narrations of the transaction.
