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Elan Coil [88]
4 years ago
12

Sam will finish high school this year. He does not think he needs any further education. This is a misconception. True False

Business
2 answers:
muminat4 years ago
8 0
I belive that the answer will be true
marishachu [46]4 years ago
5 0
The correct answer is true.
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Restarting a computer when it is already on is called a ___________________.
ludmilkaskok [199]
Restarted a computer that's on a called a warm boot
6 0
4 years ago
Read 2 more answers
Depreciation:
iragen [17]

Answer:

B. Is the process of allocating the cost of a plant asset to expense.

Explanation:

Depreciation is an expense indicating a reduction in the value of the capital assets due to tear and wear, obsolescence, consumption, time span, etc. It's listed on the income statement debit side. It is a non-cash item that has no effect on the cash balance.

Moreover, it is a process in which there is an allocation of the cost of fixed assets to the expense account over their estimated useful life

4 0
3 years ago
A company has two products: A and B. It uses activity-based costing and has prepared the following analysis showing budgeted cos
puteri [66]

Answer: $3 per unit

Explanation:

Here's the complete question:

company has two products: A and B. It uses activity-based costing and has prepared the following analysis showing budgeted cost and activity for each of its three activity cost pools: Activity Cost Pool Budgeted Activity

Budgeted Cost. Product A Product B

Activity 1 $ 87,000. 3,000. 2,800

Activity 2 $ 62,000 4,500 5,500

Activity 3 $ 93,000 2,500 5,250

Annual production and sales level of Product A is 34,300 units, and the annual production and sales level of Product B is 69,550 units. What is the approximate overhead cost per unit of Product A under activity-based costing?

Activity 1 (87000/5800 × 3000) = 45000

Activity 2 (62000/10000 × 4500) = 27900

Activity 3 (93000/7750 × 2500) = 30000

Total overhead cost = 102900

Since Unit = 34300, the overhead cost per unit will then be:

= $102900 / 34300

= $3 per unit

5 0
3 years ago
Ticker Services began operations in 2015 and maintains long-term investments in available-for-sale securities. The year-end cost
Inessa05 [86]

Answer:

1.

Dec. 31, year 1

Dr Fair value adjustment – AFS (LT) 11,140

Cr Unrealized gain – Equity 11,140

2.

Dec. 31, year 2

Dr Fair value adjustment – AFS (LT) 16,160

Cr Unrealized gain – Equity 16,160

3

Dec. 31, year 3

Dr Fair value adjustment – AFS (LT) 73,000

Cr Unrealized gain – Equity 73,000

4.

Dec. 31, year 4

Dr Unrealized loss – Equity 3,600

Cr Fair value adjustment – AFS (LT) 3,600

Explanation:

General journal for Ticker Services

1.

Dec. 31, year 1

Dr Fair value adjustment – AFS (LT) 11,140

Cr Unrealized gain – Equity 11,140

($372,000 $360,860)

2.

Dec. 31, year 2

Dr Fair value adjustment – AFS (LT) 16,160

Cr Unrealized gain – Equity 16,160

(455,800-428,500) -11,140

3.

Dec. 31, year 3

Dr Fair value adjustment – AFS (LT) 73,000

Cr Unrealized gain – Equity 73,000

(700,500-600,200)-(455,800-428,500)

100,300-27,300=73,000

4.

Dec. 31, year 4

Dr Unrealized loss – Equity 3,600

Cr Fair value adjustment – AFS (LT) 3,600

(700,500-600,200) -(876,900 -780,200)

100,300-96,700

3,600

5 0
3 years ago
Momentum Rollerblades has three product lineslong dash​D, ​E, and F. The following information is​ available: D E F Sales revenu
maksim [4K]

Answer:

Increase in Net Operating Income = $3,000

Explanation:

Provided Current Operating income

D = $45,000

E = $15,000

F = ($5,000)

Total operating Income = $55,000

In case product f is dropped then fixed cost of $21,000 will not be incurred.

Total fixed cost of Product F = $23,000

Avoidable fixed cost = $21,000

Fixed cost still to be incurred = $23,000 - $21,000 = $2,000

Net operating Income will arise same for Product D and E, there will be additional fixed cost of $2,000 without product F

Net Operating Income will be

D = $45,000

Add: E = $15,000

Operating Income = $60,000

Less: Fixed Cost = -$2,000

Net Operating Income = $58,000 after dropping product F

Less: Net operating income with product F = $55,000

Increase in Net Operating Income = $3,000

4 0
3 years ago
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