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3 years ago

Activity-based costing systems:

Business

1 answer:

Harlamova29_29 [7]3 years ago

3 0

Answer:

The correct answer is letter "B": Often reveal products that were under- or over-costed by traditional costing systems.

Explanation:

Activity-Based Costing or ABC is a managerial accounting method that assigns certain indirect costs to the products incurring the bulk of those costs. ABC is primarily used in the manufacturing sector to make a better calculation of the true cost of production per unit. Compared to the traditional costing method, ABC spots products that could be under-costed or over-costed.

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Kent and Craig, who want to start a horse-training business, spoke to an insurance agent about getting insurance to cover potent

erica [24]

Answer:

Solution: the answer in delivered in 2 stages because of the character of dualistic problems:-

Part (1)

As Kent and Craig are concerned during a professional with prospective risk and that they wish to hide their prospective accountability. the character of the industry which can be utmost applicable in corporate against the other variety of industry like individual merchant or partnership company because of the subsequent details:-

Reason I: Unrestricted accountability- just in case of insolvency or industry letdown, Kent and Craig don't seem to be obligated to trade their particular resources.

Reason II: convenience of Business- because of the Supply of additional investment compared to restricted investment in sole profession and partnership company, they're ready to manage with the qualms related to the industry.

Part (2)

Wanting to the purposes of Dave and Cindy, the indebtedness corporation is desirable because of the subsequent details:-

Reason I: No danger to non-public assets because the corporation is proscribed accountability.

Reason II: just one level of tax within the variety of company tax .

7 0

4 years ago

John and Joan are married and want to make cash gifts to their children (2), their children's spouses (2), and their grandchildr

IgorLugansk [536]

The answer is $0.00 (third option).

Explanation:

During the year of 2018, the annual exclusion of both federal and state tax to cash gifts was up to $15,000 per individual. <em>Annual exclusion</em> means that there's up to a certain amount of money that can be gifted without being taxable. In this case, John and Joan's cash gift falls within the limit.

When couples gift money to their family members, the limit is precisely $15,000 per relative, individually; meaning the can gift up to a total of $60,000 without being subject to gift tax.

3 0

4 years ago

Kohler Corporation reports the following components of stockholdersâ equity on December 31, 2016:

Flauer [41]

Answer:

Explanation:

1. Jan 1

Paid Up Capital (6,000*15) Dr.$ 90,000

Paid in Capital in excess of par value Dr.$30,000

Treasury stock (6,000*20) Cr.$ 120,000

Jan 5. Dividend (55,000-6,0000=49,000*2) Dr.$98,000

Dividend Payable Cr.$98,000

Feb 28. Dividend Payable Dr.$98,000

Bank Cr.$98,000

July 6 Bank (2,250*24) Dr.$54,000

Paid up capital (2,250*15) Cr.$33,750

Paid in capital in excess of par (2250*9) Cr.$20,250

Aug 22 Cash (3,750*17) Dr.$63,750

Paid up capital (3,750*15) Cr.$ 56,250

Paid in capital in excess of par Cr.$7,500

Sept 5. Dividend (49,000+2,250+3,750)*2 Dr.$110,000

Divided Payable Cr.$110,000

Oct 28. Dividend Payable Dr.$110,000

Cash Cr.$110,000

Dec 31 Income Summary Account Dr.$428,000

Retained Earnings cr.$428,000

2.Statement of retained Earnings

Retained Earnings at beginning $460,000

Add; Net income for the year $428,000

Less: Dividends paid(98,000+110,000) ($208,000)

Retained earnings as at December 31,2017 $680,000

3. Stockholders' Equity Section of Balance Sheet

Retained earnings $680,000

Paid Up Capital Outstanding

(825,000-90,000+33,750+56,250) $915,000

Paid in capital in excess of par

(70,000-30,000+20250+7500) $67,750

Total stockholders' equity $1,662,750

4 0

4 years ago

When the price of football tickets increases, the substitution effect decreases the number of tickets bought from?

adell [148]

It will bought from higher quantity to lower quantity
When the price of the tickets increases, a number of people who can buy it will decrease which resulted in lower quantity of the total sales.
The only consumer segments that wouldnt be affected by the price changes probably only the loyal fans that basically will follow their teams wherever they go.

8 0

4 years ago

The american recovery and reinvestment act of 2009 is a good example of ________ principles.

soldier1979 [14.2K]

The American healing and reinvestment act of 2009 is a good instance of fiscal policy.

Fiscal policy is the usage of government spending and taxation to persuade the financial system. Governments commonly use economic coverage to sell strong and sustainable increase and decrease poverty.

The 2 major examples of expansionary fiscal policy are tax cuts and accelerated government spending. each of those policies is meant to increase aggregate demand even as contributing to deficits or drawing down financial surpluses.

Fiscal coverage refers to the tax and spending guidelines of the federal government. fiscal coverage choices are determined via Congress and the administration; the Fed performs no role in determining economic policy. fiscal coverage is the use of authorities' spending and taxation to influence the economic system. Governments generally use financial policy to sell sturdy and sustainable increases and reduce poverty.

Fiscal coverage is the means by using which the authorities adjust their spending and revenue to persuade the broader economic system. by way of adjusting the stage of spending and tax sales, the authorities can affect the economic system by using either growing or decreasing financial activity in the brief time period.

Learn more about fiscal policy here:

brainly.com/question/6583917

#SPJ4

6 0

2 years ago