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melisa1 [442]
3 years ago
15

A summary of the time tickets for the current month follows:

Business
1 answer:
11111nata11111 [884]3 years ago
6 0

Answer:

Journal Entries:

a)

General Journal

Description       Debit        Credit

Direct labor:

Job 100            $1,640

Job 101               1,360

Job 104             2,490

Job 108             2,870  

Job 111               1,750

Job 115              1,150

Job 117             7,780

Factory overhead:

Indirect labor  8,740

Factory labor costs              $27,780

To record the labor costs to jobs and indirect labor

   

Explanation:

Factory labor costs consist of direct labor costs which are attributed to the specific jobs and the indirect labor costs which cannot be traced to any particular job.  These are treated as factory overhead costs.

The journal entries recording the labor costs for each job, debit the indicated job title while crediting the factory labor costs.

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What is a market that runs most efficiently when one large firm supplies all of the output referred to as?
stealth61 [152]

Answer:

a natural monopoly

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller (one seller) who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

A monopolist refers to any individual that deals with the sales of unique products in a monopolistic market.

On a related note, a natural monopoly is a market that runs most efficiently when all of the output is supplied by one large business firm. Thus, a business firm is considered to be a natural monopoly if it's capable of producing the total output of the market at a lower cost than two or more business firms could.

Some examples of natural monopoly are the United States Postal Service, electricity grid, water supply, gas network, sewer services, energy distributors, railway service, etc.

7 0
2 years ago
hen considering whether a holder took the negotiable instrument in good faith, the court looks only at the
Ilya [14]

Answer:

Explanation:

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8 0
3 years ago
Read 2 more answers
On January 1, Beckman, Inc., acquires 60 percent of the outstanding stock of Calvin for $54,480. Calvin Co. has one recorded ass
Sunny_sXe [5.5K]

Answer:

Beckman noncontrolling interest in subsidiary income $10,520

Calvin Machine (net of accumulated depreciation) $71,200

Explanation:

To calculate noncontrolling interest in subsidiary's income;

Revenue    $65,550

Expenses   $39,250 (29,250 + $6,800 + $3,200)

Net Income $26,300

Noncontrolling percentage = 40%

NonControlling Income = $10,520

Depreciation of Machine = \frac{Fair value of Machine - Book value}{estimated useful life}

\frac{78,000 - 10,000}{10 years} = 6,800 per annum

Amortization of trade secrets = \frac{Fair Value Total - Machine value}{Useful life}

Amortization of trade secrets = \frac{90,800 - 78,000}{4 years}

= 3,200

3 0
2 years ago
ClearPrint Company sells inkjet printers for a low basic price. Customers need to buy inkjet cartridges repeatedly. What type of
PilotLPTM [1.2K]

Answer:

C; captive

Explanation:

The correct answer here is the captive product pricing. This system enables companies to sell other product known as the captive product alongside the main product which is called the core product.

By selling the printer at a reduced price, the company can make a gain on this by ensuring that the auxiliary product which is the catridge is something that needs to be bought repeatedly.

Thus, the company has enhanced the sales of the ink catridge by ensuring that it’s an important part needed for the main product which is the printer to function.

So in this question, we can see that the catridge is the peripheral or auxiliary product otherwise called the captive product while the core product is the printer which is sold basically at a cheaper price

8 0
3 years ago
On June 16, 1995, the DJIA closed at $4,510.79. Assume the index lost 135 points on the next trading day. Compare that to a 500-
lora16 [44]

Answer:

The occurrence would be more impactful in 1995 as the % drop is higher

Explanation:

In 1995, % change in DJIA = 135 / 4510.79 = 0.029928 = 2.99%

Today, the DJIA is at 29,263.48 . The % change in DJIA = 500 / 29,263.48 = = 0.017086143 = 1.71% .

Thus, In 1995, the occurrence would be more impactful as the % drop is higher

7 0
3 years ago
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