Answer:
The answer is "Operating expense of $800,000 and liability of $800,000".
Explanation:
It's obvious from its government that the company must recall any paint cans which have proved health hazardous. Its organization must remember its $800,000 in canned cans. The cost of recall would also be referred to as administration fees since these costs aren't linked to its production of the paints. All operations of the company were performed. It must be held responsible for the calculation of the recalling costs.
Answer:
The predetermined overhead rate based on hours at capacity is closest to: $20.10 per hour.
Explanation:
Predetermined Rate = Budgeted Fixed Overheads / Budgeted Activity
= $ 3,819 / 190 hours
= $20.10 per hour
Answer:
The amount should the bank report = $ 21725
Explanation:
Entries:
3.Dr accounts payable 23375
Cr Bank 23375
4. Dr Bank 7500
Cr Account receivable 7500
5. Dr Bank 900
Cr Accounts payable 900
(Error in check)
6. Dr Bank charges 45
Cr Bank 45.
(To record bank charges)
Creative Design co
Bank Reconciliation statement
$
Balance as per bank statement as Aug -20Y6 = 37600
<u>Adjustment:</u>
Add: Deposit in transit = 7500
Less: Outstanding checks = (<u>23375</u>)
Adjusted balance <u>21725</u>.
Balance as per Cash book = 20870
Less : Bank charges = (45)
Add: Error in check = <u>900</u>
Adjusted Balance <u>21725</u>
Answer: $2500
Explanation:
From the question,
Average variable cost(AVC) = $50
Average total cost (ATC) = $75
Output (Q) = 100
Since Average fixed cost is the difference between the average total cost and the average Variable cost. This will be:
AFC = ATC - AVC
AFC = $75 - $50
AFC = $25
We should note that:
AFC = TFC / Q
TFC = AFC × Q
TFC = $25 × 100
TFC = $2500
Therefore, total fixed cost is $2500
Answer:
D. Vigilant interaction theory
Explanation:
It is correct to say that Alexa and David are employing the theory of vigilant interaction to increase productivity.
This theory is related to the team's decision-making process, that is, its objective is the integration and collaboration of the entire group with innovative and creative contributions that help in solving problems, helping in a more effective decision-making that contributes for the positive end result of the team.
Therefore, when using the strategy of increasing the sense of competition in the teams, managers seek the theory of vigilant interaction so that the final result and the goals of the teams are achieved.
