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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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Which of the following is a characteristic of the 529 plan that makes it different from the Coverdell Education Saving Account?
BARSIC [14]
A: There is no age limit for disbursement of funds
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3 years ago
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Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $11 million. Bowen owe
givi [52]

Answer:

A. $1,510,000

B. -$10,000

Explanation:

a. Calculation to determine Bowen’s Accounting profits

Using this formula

Accounting profits = Total revenue - Explicit cost

Let plug in the formula

Accounting profit = $10 million - $8 million - $40,000 - $400,000 - $50,000

Accounting profit= $1,510,000

Therefore Bowen’s Accounting profits is $1,510,000

b. Calculation to determine Bowen’s Economic profit

Using this formula

Economic profits = Accounting profit - Implicit cost

Let plug in the formula

Economic profits = $1,510,000 - [($11,000,000*0.1) + $30,000 + ($60,000 - $40,000)]

Economic profits =$1,510,000 - [$1,100,000+ $30,000 + $60,000 - $40,000)]

Economic profits =$1,510,000-$1,150,000

Economic profits =-$10,000

Therefore Bowen’s Economic profit is -$10,000

4 0
2 years ago
After a recession when the economy starts to expand again, firms tend to?
labwork [276]

After a recession when the economy starts to expand again, firms tend to increase share repurchases faster than they increase dividends.

An economy is the area of ​​production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

Economy is defined as the management of community, business, or family financial matters. An example in economics is the US stock market system.

The economy is the system in which goods are produced and exchanged. Without a viable economy, the nation will collapse. There are three main types of economy: free market, command economy and mixed economy.

Learn more about economy here:brainly.com/question/1106682

#SPJ4

6 0
2 years ago
Taylor is negotiating to buy some land. Under the first option, Taylor will give Ella $150,000 and assume her mortgage on the la
Anna11 [10]

Answer:

The cost basis for the land is equal under both options.

Explanation:

If Taylor pays Ella $150,000 in cash and assumes the mortgage of $100,000, the cost basis of the land will be $250,000 (= $150,000 + $100,000). If he decides to pay Ella the full amount of $250,000, that will also be the cost basis of the land.

The only real difference is that if Taylor decides to assume the mortgage, he will need a smaller initial cash flow ($150,000).

8 0
3 years ago
"Many service companies collect data via a follow-up survey of their customers. Suppose, in order to ascertain customer sentimen
Sergeu [11.5K]

Answer: Categorical; Ordinal

Explanation:

The data that are collected by the airline in this case is referred to as categorical.

The categorical variables are simply referred to as categorical variables because they can be segregated into groups. Also, the measurement of scale that is used is the ordinal scale.

Ordinal data is a kind of categorical data with a set order or scale to it.

Comment

5 0
2 years ago
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