All categories

3 years ago

Select the suitable concept to match the appropriate definition.

Business

1 answer:

Diano4ka-milaya [45]3 years ago

5 0

Answer:

1.Sacrifice of resources. (A) Cost

2.Cost that cannot be directly related to a cost object. (F) Indirect Cost

3.Cost that varies with the volume of activity. (K) Variable Cost

4.Cost used to compute inventory value according to GAAP. (E) Full absorption Cost

5.Cost charged against revenue in a particular accounting period. (C) Expense

6.Cost that can be directly related to a cost object. (B) Direct Cost

7.Past, present, or near-future cash flow. (H) Outlay Cost

8.Lost benefit from the best forgone alternative. (G) Opportunity Cost

9.Cost that can more easily be attributed to time intervals. (I) Period Cost

10.Cost that does not vary with the volume of activity. D) Fixed Cost

11.Cost that is part of inventory. (J) Product Cost

Explanation:

You might be interested in

As part of the initial investment, ray blake contributes equipment that had originally cost $125,000 and on which accumulated de

Zielflug [23.3K]

Given:
Original cost of contributed equipment : 125,000

Accumulated depreciation of contributed : 100,000

Value of similar equipment : 150,000

Agreed upon valuation of contributed equipment : 29,000

The amount that should be debited to the equipment account is 29,000.

It is the current value of the contributed equipment as agreed upon by the partners.

6 0

4 years ago

People want to view their leaders as ethical, fair, and just, especially with the public failing of high-level leaders in the pa

DaniilM [7]

This is a <span>strength of ethical leadership.
Ethical leadership refers to the fact that the leader takes into great consideration ethical beliefs of his subjects, as well as his own. He values other people's rights, beliefs, and values, and is overall a moral and a good leader, which is always a strength.
</span>

5 0

4 years ago

On January 1, 20X1, Bravo Company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year

andrey2020 [161]

Answer:

The general journal adjusting entry needed for December 31, 20X1:

Debit Interest expense $2,600

Credit Interest Payable $2,600

Explanation:

On January 1, 20X1, Bravo Company borrowed $26,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year, on December 31, 20X2.

The amount of interest expense for 1 year = $26,000 x 10% = $2,600

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. The company should record interest expense for the year 20X1 by the general journal adjusting entry:

Debit Interest expense $2,600

Credit Interest Payable $2,600

7 0

3 years ago

A plan for plant expansion that is expected to cost $11 million. How much money must the company set aside now in a lump-sum inv

prohojiy [21]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Future value= $11,000,000

Number of years= 2

To calculate the initial investment required, we need an interest rate. <u>We weren't provided with this information, however, I will provide the formula and an interest rate.</u>

i= 8% compounded annually.

To calculate the lump-sum, we need to use the following formula.

PV= FV/(1+i)^n

PV= 11,000,000/(1.08^2)

PV= $9,430,727.02

4 0

3 years ago

supply chain management involves actively planning and controlling the activities in a supply chain in order to achieve minimum

Zepler [3.9K]

Supply chain management involves actively planning and controlling the activities in a supply chain in order to achieve minimum costs and maximum output.

Supply Chain Management is also known as SCM. Supply Chain Management has a large range of activities that fall under the SCM category. The activities involved planning and executing strategies related to production and distribution of the final good. In SCM keeping costs low while producing a large amount of products would be the main goal of a company.

7 0

4 years ago

Read 2 more answers