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Naya [18.7K]
3 years ago
12

Kim and Lyle are partners in K&L Sales, which exports technical equipment. If Congress declares that the equipment can no lo

nger be exported, K&L (select one):
a. can continue its business for one twelve-month period.
b. can continue its business indefinitely.
c. is immediately subject to criminal prosecution and penalties.
d. dissolves immediately unless the partners change its business.
Business
1 answer:
wel3 years ago
8 0

Answer:

d. dissolves immediately unless the partners change its business.

Explanation:

If Congress declares that the equipment that Kim and Lyle's export is not to be exported anymore, then the partnership of Kim and Lyle becomes redundant. In other words, the decision by Congress will drive Kim and Lyle out of business. It will be illegal if Kim and Lyle's partnership continues to export.

Kim and Lyle will have to make a decision. They can either change the type of business or dissolve their partnership. Kim and Lyle will have to decide immediately as the partnership will still incur fixed costs even though they are not operating.

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When using ABC, costs can be gathered at different levels. These levels are all of the following except:_________.
Aleksandr [31]

Answer:

B. Journal entry-level

Explanation:

When using ABC, costs can be gathered at different levels. These levels are all of the following except "journal entry-level".

Therefore, costs can be gathered in Unit-level, Batch-level, Factory-level and even Product level.

Activity-Based Costing (ABC) is actually a costing method which tends to identify the activities that are carried out in organization and gives the costs of each activity to the products and services by what they actually consume.

3 0
3 years ago
Marigold Corp. took a physical inventory on December 31 and determined that goods costing $155,000 were on hand. Not included in
patriot [66]

Answer: $‭204,800‬

Explanation:

When a good is shipped FOB shipping point, it means that the buyer assumes responsibility for the goods as soon as the goods reach the place they will be shipped from. The purchase from Pelzer should therefore be included in inventory because it has already been shipped.

A good shipped FOB Destination means that the buyer only assumes responsibility after the goods have been delivered to them. As the sale to Alvarez was still in transit, it is still the responsibility of Marigold and should be included in inventory.

Inventory is therefore:

= 155,000 + 28,000 + 21,800

= $‭204,800‬

3 0
2 years ago
​"Relevant costs for pricing decisions are full costs of the​ product." Do you​ agree? Explain. A. ​Yes, full costs of the produ
dedylja [7]

Answer:

c

Explanation:

depend on the scenario.. all costs that are directly related to that decision all relevant cost.

7 0
3 years ago
Strong family ties to the surrounding social context, as indicated by frequent contact with friends and relatives, organized you
jolli1 [7]

Answer:

The correct answer is: reduce stress and enhance adjustment.

Explanation:

Families bond with their surrounding society promotes a friendly atmosphere in society. Cooperation, kindness, respect, and honesty are core values that families should share among them. By doing this, their atmosphere is likely to be <em>less stressful</em> and adults and children can <em>adapt to the community</em> easier.

5 0
3 years ago
A company has budgeted fixed overhead of $1.00 per hour at expected capacity of 5,000 units which have a standard quantity of 2
Zepler [3.9K]

Answer:

$400 favorable

Explanation:

The computation of the volume variance is shown below:

Fixed overhead Volume Variance = Actual Overheads - Budgeted Overheads

where,

Actual overhead is

= 5,200 units × 2 hours × $1

= $10,400      

And, the budgeted overhead is

= 5,000 units × 2 hours × $1

= $10,000      

So, the volume variance is

= $10,400 - $10,000

= $400 favorable

We simply deduct the budgeted cost from the actual cost so that the difference could be come

5 0
3 years ago
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