Answer:
A. Landscape lawns produce positive externality.
B. Sports vehicle generates a positive externality
C. Walk to work creates positive externality.
D. Cigarettes create a negative externality.
Explanation:
Positive externality occurs when society gets benefit from a persons act. Susan has created lawns near her house and there are beautiful flowers in the lawn. This will be relaxing for those who pass near by the lawns. There will be fresh air coming from the lawn and society will look pleasant.
Negative externality is one in which society is harmed by the act of a person. This happens when Anita smokes at a bus stop. There are other travelers who will be present at the bus stop might be harmed from the smoke which arises from the cigarette.
Explanation:
an entrepreneur is always creative have ideas make best decision thinks before decision
Answer:
Total unitary cost= $121.5
Explanation:
Giving the following information:
Each ceiling fan has 20 separate parts.
The direct materials cost is $85
Each ceiling fan requires 3.5 hours of machine time to manufacture.
Activity Allocation Base Allocation Rate
Materials handling Number of parts $ 0.08
Machining Machine hours 7.20
Assembling Number of parts 0.35
Packaging Number of finished units 2.70
To calculate the unitary manufacturing cost, we need to use the following formula:
Unitary manufacturing cost= direct material per unit + allocated overhead per unit
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Materials handling= 0.08*20= $1.6
Machining= 7.20*3.5= $25.2
Assembling= 0.35*20= $7
Packaging= 2.70*1= $2.7
Total= $36.5
Total unitary cost= 85 + 36.5= $121.5
Answer:
1. Journal entries are quicker and more comfortable in the manual accounting
2. Posting is easier in computer software-based accounting
3. Trial balance adjustment in manual accounting is tricky. However, a lengthy process may pose a challenge for computerized accounting.
4. Financial statements are more straightforward in software-based accounting than manual accounting
Explanation:
The introduction of accounting software such as QuickBooks has transformed the working for accounting professionals. The conventional accounting system replacement has made the job more comfortable. However, there are new challenges added, such as learning the software, making error-free inputs, and pace of computer-related entries. However, considering that once these skills are learned, the overall job is easier than before.
1. Journal entries in manual are made quicker, and errors can be rectified. However, entries are linked automatically to their respective ledgers that solve the challenges with compound entries
2. Posting is simpler in software as the general ledger is created on a single click. Manual posting requires time and efforts
3. Adjusted entries need to manual input in conventional method to create the adjusted trial balance whereas, in software, its added through adjusting journal entries.
4. Financial statements are much more straightforward in software as they are available on one click, whereas in manual accounting, they are required to be calculated.
