Answer:
Debit Unearned Revenue $5,480
Credit Revenue $5,480
Explanation:
On December 31, 6 months has been passed so, the revenue of 6 months should be recorded as the payment was recorded as unearned revenue on July 1. The revenue account will be credited by the 6 months revenue amount and unearned revenue account will be debited to reduce the amount by the six month accrual.
Total Unearned revenue = $10,960
Unearned revenue per month = $10,960 / 12 = $913.33
revenue for six months = 913.33 x 6 = $5,480
Answer:
Mary should answer that more than half of the boxes not be rejected.
Explanation:
Probability:
Box has one defective screen = 0.6
Box has three defective screen = 0.4
no. of screens in a box = 8
The box is rejected if both of the inspected screens are defective.
Probability of rejecting a box:
= 0.04286
Only 4.286% of the boxes will be rejected.
Therefore, Mary should answer that more than half of the boxes not be rejected.
Answer:
b) Direct materials price.
Explanation:
The purchasing manager would be associated to the quantity purchased and for the purchase price it is bought.
Therefore, labor variances are not his consideration.
And also in material variances we know, direct material quantity variance is calculated for the quantity <em>used</em> in production and not the quantity purchased, although the later is dealt by purchase manager the former relates to production manager.
Purchase manager is responsible and concentrates on the price at which the direct material is bought.
Thus, the correct option is
b) Direct materials price.
If she can generate consistent abnormal returns in this manner then this is a failure of "strong form efficiency".
<u>Explanation:</u>
The most rigorous variant of the Efficient Market Hypothesis (EMH) investment principle, which conveys that all knowledge in a market, public or private is compensated for in the value of a product is understood as "strong form efficiency".
Strong form efficiency experts claim that even insider knowledge does not give a benefit to an investor. This extent of market efficiency indicates that profits beyond ordinary yields can not be noticed irrespective of how much study or information stakeholders have direct exposure to.
Answer:
The fixed cost per unit decreases when volume increases.
Explanation:
As the name implies the fixed cost are a constant value.
They total cost do not change by the activity of the business
Using common sense we can already notice that if do not change with volume at the total level, it is better to produce as much as possible to generate a better use of the fixed cost.
Now moving to the unit cost, this is calculate by dividing the fixed cost by the volume
As the volume increase the quotient decrease because, the same number is divided by a bigger figure.
So the unit fixed cost are smaller.
<u>EXAMPLE</u>
If a factory cost 1,000,000 per month
and only produce 1 chair, then the cost of that chair was 1,000,000
while if the production is 500,000 chairs the cost is 2 per chair.