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3 years ago

If South Dakota's governor reports a budget surplus in 2011, that state government likely:

1 answer:

7 0

The governor of South Dakota reports a budget surplus in 2011 and he states that the government received more taxes in the year than it spent in that year

Explanation:

Budget is the amount that the government plans and spends for the future needs and always the government introduces the budgets in the beginning of the year

Taxes must be paid regularly by the citizens and it is the due responsibility and the report of the taxes paid will be given to the governor an the report will be read and in one such report the governor of Dakota reported that there was a budget surplus the government received more taxes than it spent

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Which of the following is the correct journal entry to record manufacturing overhead incurred? Finished Goods Inventory xx Manuf

Elden [556K]

Answer:

Work in Process Inventory xx Manufacturing Overhead Control xx

Explanation:

Based on the information given WORK IN PROCESS INVENTORY in which overhead are applied are DEBITED and MANUFACTURING OVERHEAD are CREDITED while The actual manufacturing overhead as well as the overhead applied are adjusted at year end.

Therefore the correct journal entry to record manufacturing overhead incurred will be:

Dr Work in Process Inventory xx

Cr Manufacturing Overhead Control xx

(To record manufacturing overhead incurred)

will

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3 years ago

An electronic exchange is an electronic forum where manufacturers, suppliers, and competitors buy and sell goods, trade market i

Natalija [7]

Answer:

False

Explanation:

Buyers and Sellers do not physically see each other

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3 years ago

Both Nestlé and Cadbury determined that a liquid chocolate confection would be one way to address the issue of India's hot weath

miskamm [114]

Answer: Product market decision

Explanation: In the product market decision, the company offering the product into the market makes it safe and suitable for the target customer base.

In the given case, nestle and cadbury made the decision regarding the product by taking the climatic conditions of the target market into consideration. Hence, we can conclude that the given case is an example of product market decision.

4 0

3 years ago

The ratio of the increase in ________ to the increase in ________ is called the multiplier.

Anettt [7]

The ratio of the increase in equilibrium real GDP to the increase in autonomous expenditure is named the multiplier. In addition, when the economy is at full occupation, the aggregate demand is equivalent to the aggregate source. In other words, the total amount of goods and services necessitated by consumers is equal to the total quantity of goods and services made by producers. The full employment GDP happens when the labor market is in balance. The autonomous expenditure is used to define the constituents of an economy aggregate expenditure that is not obstructed by that similar economy real level of revenue.

5 0

3 years ago

At the end of year 1, Rome Inc. held debt securities classified as available-for-sale securities. The securities were carried at

KiRa [710]

Answer:

The historical cost of the debt securities available for sale was $69,670.

Explanation:

Market value of the securities = $57,320

Cumulative unrealized Loss = $12,350

Historical cost of the securities held for sale = Market Value of the Securites + Cummulative unrealized losses

Historical cost of the securities held for sale = $57,320 + $12,350

Historical cost of the securities held for sale = $69,670

Securities Held for sale are recorded at the fairmarket value and its losses are accumulated. By adding cummulative losses of security to Maerket value of security we can calculate historical cost of the security.

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3 years ago