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IrinaVladis [17]
3 years ago
7

A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $2,700 and is

paid at the beginning of the first year. Eighty percent of the premium applies to manufacturing operations and 20% applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first full year of coverage?
Business
1 answer:
jasenka [17]3 years ago
6 0

Answer:

$720 and $180

Explanation:

According to the scenario, computation of the given data are as follows:

Premium for 3 years = $2,700

So, premium for 1 year = $2,700 ÷ 3 = $900 per year

Manufacturing operation percentage = 80%

Selling and administrative operation percentage = 20%

So, Premium for manufacturing operation = $900 × 80% = $720

And Premium for selling and admin operation = $900 × 20% = $180

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Answer:

Product substitute

Explanation:

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In the given scenario organic meats are seen as being substituted by organically grown nuts as a source of protein.

So when Hain Celestial has dwindling sales of organic meats they were considering organically grown nuts as a different product to give to customers

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Explain why employers are considered buyers of skills and employees sellers of skills in the labour market.
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The employers look for potential employees that they think would be a good fit and have good qualities.
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Jerry contributed $8,000 for a 25% interest in a bookstore. He also contributed a cash register, with a fair market value of $49
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Answer:

The Jerry's partnership basis in the bookstore at the end of the year is $23,350.

Explanation:

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3 years ago
Roland Richard, a baker, purchased 200 ounces off of an expensive spice for $400 on 3/1/09. The journal entry to record the purc
kirill [66]

Answer:

The correct adjusting journal entry for 12/31/09:

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3 years ago
In large hotels, who is responsible for the recruitment of reservations staff?
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Read 2 more answers
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