Welfare payments are governments subsidies that provide financial aid to those who cannot care for themselves. Some are meant to be temporary aid like TANF, SNAP, and day care programs. Others like programs for the aged, blind, and disabled may be given for the remainder of their lives.
Hope this helps.
Answer:
a. are efficient, but long lines are inefficient
Explanation:
A rationing mechanism is a system in which who gets how many goods during a shortage is carefully chosen, in order to do these long lines are used even though they are inefficient.
I hope you find this information useful and interesting! Good luck!
Answer:
3. portfolio analysis
Explanation:
Some example is portfolio analysis are:
Unilever has a portfolio of supplying tea and ice cream.
Gillette provides shaving products and batteries.
Protfolio analysis is the process by which the portfolio or products of a business are reviewed. It is done to analyse risk and returns. When portfolio analysis is done frequently it helps the business make changes in portfolio allocation based on changing market needs.
Answer:
B. No effect on net income; no effect on total assets
Explanation:
When you write off bad debt, the journal entry is:
Dr Allowance for doubtful accounts XYZ
Cr Accounts receivable XYZ
This actually had no effect on the income statement, since the allowance account is already a contra asset account.
When the write off is reversed because the customer paid the debt, the journal entry is:
Dr Accounts receivable XYZ
Cr Allowance for doubtful accounts XYZ
Dr Cash XYZ
Cr Accounts receivable XYZ
Again, since the company is using the allowance method, there is no real effect on the income statement nor total assets in the balance sheet.
Answer:
b. $307,000
Explanation:
Costs to be accounted in cost reconciliation report = Opening balance of work in process + Cost of production added during the month
= $24,000 + $283,000
= $307,000
Cost reconciliation report shows what costs need to be accounted for in a month and the manner in which they are actually accounted for.
It is a step in preparation of production report which shows how beginning work in process inventory and the costs which are added to production during the period are recorded.
Hence in cost reconciliation report pertaining to the month of Aug, opening work in process and costs added to production during the month are recorded.
