Answer:
- Debit Retained Earnings $500.
- Credit Dividends for $500.
Explanation:
Dividends are payments to shareholders as a means of sharing company profits to them.
As they are a means of sharing profits, they will be paid from the Retained Earnings account. As this is an Equity account, it should be debited when it is to be reduced so Retained Earnings will be debited by $500 which is the dividend amount.
The dividend account will be credited to indicate that this is a debt that needs to be paid to shareholders so the Dividends account will be credited by $500.
Answer:
18.65%
Explanation:
Cost = $12,300
Total Payment = $420 × 36
= $15,120
Difference in the cost and payment = $15,120 - $12,300 = $2,820
Interest rate is the ratio of the interest to the original cost of the item.
The interest is the difference between the amount paid and the actual cost.
Interest rate = ($2,820/$15,120) × 100%
= 18.65%
Answer: Job order costing
Explanation:
The costing of work orders or job costing refers to the method for distributing and collecting production costs to a specific production unit. The costing method for job orders is implemented when the different items generated vary significantly from one another and each one has a substantial cost.
The job cost documents also perform as the conglomerate ledger for the expense of the job-in-process stock, the stock of finished products, and the charge of selling products to the supplier. Because there is a considerable difference in the produced goods, a separate department order cost report for each individual item is required for the job order pricing system.
Answer:
(B) $18.40
Explanation:
we build the equation system and solve for variable overhead
we must understand that overhead unit cost if calculate as follow:
variable overhead + fixed overhead / volume
so:
We rearrange:
We equalize:
And now we solve:
(33.8 - VMO) x 3 = 64.6 - VMO
101.4 - 3 VMO = 64.6 - VMO
36.8 = 2VMO = 18.4
Poverty is defined as a lack of fundamental requirements like food, housing, and income.
- The inability to meet basic requirements such as bread, clothing, and shelter is defined as poverty. Poverty, on the other hand, is far more than a scarcity of resources. As defined by the World Bank Organization, poverty is "hunger."
- Poverty is described as a lack of material possessions or a poor income. Poverty has numerous social, economical, and political origins and repercussions.
- Poverty is linked to negative situations such as bad housing, unemployment, inadequate food and nutritional insecurity, inadequate child care, a lack of access to medical care, hazardous areas, and underresourced schools, all of which harm our country's children.
- Poverty has been associated with poor health, a lack of knowledge or skills, an unwillingness or desire to work, and impoverishment.
Thus this is the meaning of Poverty.
To learn more about Poverty, refer: brainly.com/question/2625149
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