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3 years ago

ABC systems:_____.

Business

1 answer:

photoshop1234 [79]3 years ago

6 0

Answer: highlight the different levels of activities.

Explanation:

The activity-based costing (ABC) system is an accounting method that is used by a company to calculate the total cost of activities that'll be utilized when making a product.

In the activity based costing system, costs are being assigned to every that is used during production. Also, the direct cost and the overhead costs are being considered. In ABC system, the different levels of activities are highlighted.

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Under the georgia safety responsibility law, if you cannot satisfy a claim filed against you for damages resulting from a motor

swat32

Under the Georgia safety responsibility law, if you cannot satisfy a claim filed against you for damages resulting from a motor vehicle collision, your license will be suspended for one year.

Each state has their own standard of laws and what they do as far as license suspencion. Georgia will suspend the license for one year even if another state does it for a shorter or longer period time. Keep in mind each state is different and by checking their moter vehicle websites you can find information regarding their standards of moter vehcile collisions.

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3 years ago

Read 2 more answers

Grocery Corporation received $330,654 for 9.50 percent bonds issued on January 1, 2018, at a market interest rate of 6.50 percen

andre [41]

Answer:

Explanation:

Issue price of bond = $330,654

Face Value = $272000

Premium on issue of bond = $330,654 - $272000 = 58654

Journal entry for bond issuance:

Cash Dr $330,654

Bonds Payable $272000

Premium on Bonds payable $58654

(Being bond issued at a premium of $58654)

As per effective interest method, interest expense = market rate * book value of bond

= 6.5% * $330,654 = $21492.5

Cash interest = $272000 * 9.5% = $25840

Premium to be amortized on interest date = $25840 - $21492.5 = $4347.5 or $4348

Journal entry for interest payment on December 31:

Account Financial Issuance Interest paid

Statement

Bonds payable Balance Sheet 272000

Discount on Bonds payable NA NA NA

Interest expense Income Statement 0 21492.5

Premium on Bonds Payable Balance Sheet 58654 -3813

Note: Interest expense for the year:

Interest to be paid ($272000 * 9.5%) 25840

Less: Amortization of Premium (58654/6.5) 3813

Interest expense 21492.5

Journal entry:

Interest expense Dr. 21492.5

Premium on Bonds payable Dr. 3813

Cash Account 25306

Note: here, it has been premium has been written on Straight line basis.

3 0

3 years ago

London Plastics has monthly fixed costs of $82,500, while its variable costs are $4.50 per unit. If the sales price of a unit is

Sergeeva-Olga [200]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The variable costs are $4.50 per unit. London Plastics sell 15,000 units.

To calculate the total variable costs we need to use the following formula:

Total variable cost= unitary variable cost* total amount of units

Total variable cost= 4.5*15,000= $67,500

5 0

3 years ago

Jake Fleming sells graphic card update kits for computers. Jake purchases these kits for $20 and sells about 250 kits a year. Ea

Allushta [10]

Answer:

60 Kits

Explanation:

Cost price (C) = $20/Kit

Yearly se (D) = 250 kit/year

Shipping cost / Ordering cost (Co) = $25

Holding cost (Ch) = $3.5/Kit-year

Economic order quantity = √2.D.Co / Ch

Economic order quantity = √2*250*25/3.5

Economic order quantity = √12500/3.5

Economic order quantity = √3571.4285

Economic order quantity = 59.7614305

Economic order quantity = 60 Kits

7 0

2 years ago

Analyzing Unearned Revenue Disclosures

Elan Coil [88]

Oh god its too long!!

4 0

3 years ago