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bekas [8.4K]
3 years ago
15

George Corporation has no beginning inventory and manufactures a single product. If the number of units produced exceeds the num

ber of units sold, then net operating income under the absorption method for the year will:
A) be equal to the net operating income under variable costing.


B) be greater than the net operating income under variable costing.


C) be equal to the net operating income under variable costing plus total fixed manufacturing costs.


D) be equal to the net operating income under variable costing less total fixed manufacturing costs.
Business
1 answer:
laiz [17]3 years ago
5 0

Answer:

Correct option is B.

<u>Be greater than the net operating income under variable costing.</u>

Explanation:

As, in factor costing the closure stock cost will exclude the component of fixed assembling overheads. in any case, if there should arise an occurrence of assimilation costing, the completion stock will have a component of fixed expense. In this way Cost of products sold in less in Absorption costing, and overall gain will be more if there should arise an occurrence of ingestion costing.

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The effects of paying a dividend on the basic accounting equation are to a. decrease assets and decrease stockholders' equity. b
Maslowich

Answer:

The corret answer is b. decrease assets and decrease liabilities.

Explanation:

First entry

Earnings Accrued (- Net Equity)

to various creditors (+ Liabilities)

Since the minutes of the assembly must indicate that they are taken from the profits of previous years, the accumulated profits are reduced.

Second entry

Miscellaneous creditors (- Liabilities)

to Banks (- Active)

The first entry represents transfer from one liability to another liability. Although we think that capital accounts are not liabilities, it is not true, given that the value of debt to shareholders of the value of your company, so we can group everything in the same bag.

When decreeing dividends, what is done is to cover a small part of that company value. That is, when dividends are decreed, they become part of a formalized liability.

The second entry is the cancellation of the liability, through one of the ways to extinguish the obligations: payment.

8 0
3 years ago
Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external
PIT_PIT [208]

Answer:

Yes, I agree

Explanation:

As managers in an organization, proper attention must be paid to the forces in the external environment because these forces are dynamic and business cannot exist without them hence must align with these changes inorder to be successful.

Some of theses forces have direct impact with an organization such as customer's reaction to a company's product, how well the company stays ahead of it's competitors , suppliers and creditors. External forces in the environment that have indirect impact to a company are compliance with local laws, socio cultural forces, religion etc.

Practical examples

• Customer's reaction to a product speaks to what measures are taken by a company to improving the quality of products produced and sold. Favourable reaction would make the company succeed while unfavourable reaction could mar the company's performance.

• Level of compliance with local laws is also an important force in the external environment that must be adhered to. If a company must succeed, it must comply with local laws and order, failure to do so could result to fine or expulsion from the community.

5 0
3 years ago
Which of the following best defines an in-text citation?
Thepotemich [5.8K]

<u>An in-text citation(a) A brief quotation from an outside author's work that leads the readers to works by the same author.</u>

Explanation:

An in-text citation is a reference which is made within the body of text of an academic writing .

It is the  in-text citation that  alerts the reader about a source that has informed your own writing. The exact format of an in-text citation will depend on the style you need to use, for example, APA,MPA style

An in-text citation is used  to, summarize, paraphrase, or quote from another reference source.

For Example :-In APA style in-text citation  uses the author's last name and the year of publication, like (tsield, 2008). For direct quotations, include the page number as well  (tsield, 2008, p. 18).

<u>An in-text citation(a) A brief quotation from an outside author's work that leads the readers to works by the same author.</u>

6 0
3 years ago
Think about the differences in the two stories about the
Marrrta [24]

Answer:

How does the photo appeal to emotions?

Its shows a worried mother with her children

Why would Lange make up the story of the photo?

Her job was to show suffering

Explanation:

This is the answer for edg2020

8 0
3 years ago
Read 2 more answers
Is a liability that represents the amount the company owes to others as a result of issuing a promissory note.
solong [7]

A note payable is a financial document considered a liability that represents that it records that the company that signs it has the obligation to pay on the specific date.

<h3>What is a note payable?</h3>

It is a document that commits its issuer (the company) to pay a certain amount, within a specific period.

Its characteristic is the exchange action, which refers to the document being returned to the subscriber in exchange for payment.

Therefore, we can conclude that a note payable is a financial document considered a liability that represents that it records that the company that signs it has the obligation to pay on the specific date.

Learn more about a note payable here: brainly.com/question/25738368

4 0
2 years ago
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