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sweet-ann [11.9K]
3 years ago
5

Which is not a reason for allocating internal costs to cost objects? Managers should be charged for benefits received by departm

ents (or products) under their control To determine the amount to be reimbursed under a cost-reimbursement contract To determine the selling price of products All of the above are reasons for allocating internal costs to cost objects US GAAP requires allocation of factory overheads
Business
1 answer:
Kamila [148]3 years ago
7 0

Answer:

The reason which is not used for allocating the internal costs to the cost objects is to measure the selling price of the products.

Explanation:

Internal cost is the cost on which the businesses or company bases its price on which involve costs such as energy, plant, equipments and materials.

Cost objects is the department or the product for which costs are evaluated or measured. For example, a product is the cost object for direct labor and direct materials.

And the reason which is not used for allocating the internal cost to the cost objects is the evaluation of the selling price of the product as in a market, selling prices are determined or set by the demand and the supply factor.

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Nevada Company experienced the following events during its first year of operations: Acquired an additional $1,000 cash from the
Novosadov [1.4K]

Answer:

Event                                                      Classification

1.                                                              Asset Source

2.                                                             Asset Use

3.                                                             Asset Use

4.                                                             Asset Source

5.                                                             Asset Exchange

6.                                                             Not applicable (NA)

7.                                                              Asset Source

8.                                                              Asset Use

9.                                                              Asset Source

10.                                                             Asset Exchange

11.                                                              Asset Source

Explanation:

An asset is an economic resources controlled by an entity from which future economic benefits are expected.

In recording asset,  business events can result in asset source,asset use and asset exchange. Asset source is the acquisition of asset, asset use is consumption of existing asset and asset exchange is the transfer of asset from one source to another.

3 0
4 years ago
Ludwig borrowed $700,000 for a
timurjin [86]

Answer:

$140000

Explanation:

Principle = $700000

Rate = 10%

Time = 2 years

Simple interest = P x R x T / 100

Simple interest = 700000 x 10 x 2 / 100

Simple interest = 70000 x 2

Simple interest = $140000

4 0
3 years ago
41 had investments in stock funds 91 had investments in bond funds 60 had investments in money market funds 47 had investments i
Evgesh-ka [11]

Answer:

The answer is "22 and 80"

Explanation:

The important part is to understand how the Venn diagram can assist you with your numbers.

You cannot draw this one, and you can create one as follows:

the 3 sorts of funding, then make your way back thru the list

this is the figure in the center - "22 had all 3 funds"

where the four dimensions meet. In the next three statements, you'll be able to:

Work out where 2 circles connect (remember all 22 of those circles are connected).

That's because the numerals have been already placed throughout the center zone.

bond & money market solenoid valves at a ratio of 36-22=14

36-22=14 as to where the corporate market and the term deposit intersect

47-22=25 as to where equities and bonds connect You can use the top 3 statements to work out all the values in a table.

(Set of) just one circle (circle)

for stock the number is 141-(22+14+25)=80

for the bond, the number is91-(22+14+25)=30

for the money market, the number is 60-(22+14+14)=10

(universal set) Lastly, get the number that goes into the rectangle.

\to 200-(80+30+10+25+14+14+22)=5

a) 22\\b) 80

7 0
3 years ago
You're preparing a recipe that calls for very finely cut garlic and shallots. The recipe most likely calls for the garlic and sh
Juli2301 [7.4K]

as a fine cooker myself i would say D.chopped

4 0
4 years ago
(True) or (False)? The gain or loss on the sale of an asset can be calculated as the difference between sale price and accumulat
AnnZ [28]

Answer:

False

Explanation:

Rather, gain or loss on the sale of an asset can be calculated as the difference between sale price and net book value (NBV).

The net book value can be calculated by accumulated depreciation from the purcahse price of the assets.

Therefore, gain or loss on the sale of an asset can be calculated using the following fomula:

Gain (loss) on the sale of an asset = Sales price - Net book value

5 0
4 years ago
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