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2 years ago

3. Why are many resources allocated through markets?

Business

1 answer:

inysia [295]2 years ago

6 0

Answer:

d. Because resources are so abundant price can help us choose amongst them.

Explanation:

Different markets would value the same item at different prices, and buyers can compare prices to buy the desired item at its lowest cost (in order to save money)

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For the month of october, janus corporation used $30,000 worth of direct materials in production and incurred direct labor costs

murzikaleks [220]

Cost of goods manufactured
= direct material+direct labor+manufacturing overhead applied
So
cost of goods manufactured
=30,000+60,000+45,000
=135,000

4 0

2 years ago

Profits and losses play an important role in helping a. to signal to government which businesses are suffering losses so that th

Damm [24]

Answer:

Profits and losses play an important role in helping direct businesses toward productive projects and away from ones that are productive.

Explanation:

That is the essence of accounting and finance monitoring that the efforts that the company is carrying out are compensating with the corresponding profits; If this is not the case, we make corrections or start new projects. Knowing profits and losses, we can know if a business is viable or not.

6 0

2 years ago

A reversing entry is ________. Group of answer choices a journal entry used to close the temporary accounts after preparation of

quester [9]

Answer:

The correct answer is the third option: a special journal entry that eases the burden of accounting for transactions in the next period.

Explanation:

To begin with, a reversing entry is the name given to a special journal entry in the accounting areas that focus on the action of reversing selected entries made in the inmediately preceding period in order to correct common human mistakes. Therefore that this type of entry has the intention of easing the burden of accounting for transactions in the next period by just noticing that is being used in the journal.

3 0

2 years ago

he Presley Corporation is about to go public. It currently has aftertax earnings of $7,000,000, and 2,000,000 shares are owned b

Inessa [10]

Answer:

Missing question is "a. Compute the net proceeds to the Presley Corporation. (Do not round intermediate calculations and round your answer to the nearest whole dollar.) Net proceeds

b. Compute the earnings per share immediately before the stock issue. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share

c. Compute the earnings per share immediately after the stock issue. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share "

a. Net proceeds = Shares issued * Share price*(1-0.04) - Direct cost

Net proceeds = 500,000 * $25*(1-0.04) - $250,000

Net proceeds = 500,000*$24 - $250,000

Net proceeds = $12,000,000 - $250,000

Net proceeds = $11,750,000

b. EPS = Earnings / Shares

EPS = $7,000,000 / 2,000,000 shares

EPS = $3.50 per share

c. EPS = After tax earnings / Total shares

EPS = $7,000,000 / (2,000,000 + 500,000)

EPS = $7,000,000 / 2,500,000 shares

EPS = $2.80 per shares

3 0

2 years ago

Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20. Replaced the transmission at a cost

AfilCa [17]

Answer and Explanation:

The Journal entry is shown below:-

March 20

Accumulated depreciation - Delivery Truck Dr, $1,890

To Cash $1,890

(Being the replacement of transmission and capitalizing the transmission cost is recorded)

June 11

Delivery Truck Dr, $1,350

To Cash $1,350

(Being the installation of hydraulic lift and capitalization of installation expenses is recorded)

November 30

Repairs and Maintenance Expense Dr, $55

To Cash $55

(Being the payment for changing the oil and air filter is recorded)

4 0

2 years ago