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Iteru [2.4K]
3 years ago
5

A traditional buyer-seller relationship is defined as "a long-term relationship between an owner and a contractor in which the c

ontractor acts as a part of the owner's organization for certain functions."
a. True
b. False
Business
1 answer:
Feliz [49]3 years ago
4 0

Answer:

False

Explanation:

In business, a partnering alliance is defined as a long-term relationship between an owner and a contractor in which the contractor acts as a part of the owner's organization for certain functions.

In a traditional buyer-seller relationship, the buyer is not part of the owner's organization at all, therefore, this statement is false.

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Carlson Company uses a predetermined rate to apply overhead. At the beginning of the year, Carlson estimated its overhead costs
____ [38]

Answer:

The estimated rate based on labour hour==6

The  actual rate based on labour hour=6.08

The rate based on machine hour=24

The rate based on machine hour= 22.66

Explanation:

Given that Carlson estimated its overhead costs to be $240,000,direct labor hours at 40,000 and machine hours at 10,000 as well as the actual overhead costs incurred of  $249,280, actual direct labor hours of  41,000, and actual machine hours of 11,000.We can calculate the to apply .

The estimated rate based on labour hour=240000/40000=6

The  actual rate based on labour hour=249280/41000=6.08

The rate based on machine hour=240000/10000=24

The rate based on machine hour=249280/11000=22.66

4 0
3 years ago
The paying of a fee to use another firm�s name, resources, and operating systems is called __________.
s344n2d4d5 [400]
Franchising is the practice of paying a company to use its name, resources and operation systems.
7 0
3 years ago
Holly and matt want to use the "nonworking" spouse method to determine the amount of life insurance coverage they need. if their
Maksim231197 [3]

The best answer for this question would be:

 

$150,000

 

Because in the method of the “non-working” spouse method, they are given a calculation of (18 - youngest child's age) × $10,000 (18 being the legal age)

 

Resulting that the solution would be:

<span> (18 - 3) × $10,000 = $150,000</span>

8 0
3 years ago
The City of Willows is preparing its government-wide financial statements from its fund financial statements. The City records D
brilliants [131]

Answer:

The City of Willows

Reconciliation Entries:

Debit Cash $500

Credit Deferred Revenue $500

To record the increase of deferred revenue.

Debit Compensated Absences Expense $150

Credit Compensated Absences Liability $150

To record the increase of compensated absences.

Explanation:

a) Data and Calculations:

Beginning balances:

Deferred Revenue = $3,500

Compensated Absences Liability  = $1,000

Increases during the year:

Deferred Revenue = $500

Compensated Absences = $150

Reconciliation Entries:

Cash will increase by $500 and Deferred Revenue will increase by $500

Expenses will increase by $150 and Compensated Absences (Liability) will increase by $150.

4 0
2 years ago
Pay your Taxes :DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
horrorfan [7]

Answer:

do you need help with that or are you saying that

Explanation:

7 0
3 years ago
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