Answer: TRUE.
The essential notion underlying strategic trade policy is imperfect competition. Strategic trade policy is also referred as Strategic trade theory that includes the policies adopted by a country to understand the outcome of strategic interaction between various firms.
Answer:
overstate net income but days to collect will increase.
Explanation:
A bad debt expense is defined when any receivable is no more collectible as the customer is not able to fulfil or satisfy the obligation in order to pay the obligation of paying an outstanding debt because of some financial problems or due to bankruptcy.
Thus when any organization is more optimistic about the debt collection, it will understate the bad debt expenses and will also overstate the net income. But in this case the number of days to collect the payment increases.
Explanation:
The key inputs for a strong job design are a task, motivation, resource allocation and a compensation system. ... The Core Characteristics Model connects job characteristics to the psychological states that the worker brings to the job. It emphasizes designing jobs so that they lead to desired outcomes.
Answer:
Standard Overhead rate is $1.25 per Direct labor hours
Explanation:
Total variable cost (2000 unit * $2.50) = $5,000
Total fixed cost = <u>$5,000</u>
Estimated Overhead cost = <u>$10,000</u>
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Estimated Direct labor hour = 2000 unit * 4 hours = 8,000 hours
Standard Overhead rate = Estimated overhead cost / Estimated Direct labor hour
Standard Overhead rate = $10,000 / 8,000 hours
Standard Overhead rate = $1.25 per Direct labor hours
Answer:
The journal entry is given below:
Explanation:
According to the scenario, the journal entry for the given data are as follows:
Given data:
1. Paid $45
2. Paid $400
Journal Entry.
1. Maintenance exp. A/c Dr $45
To Cash A/c $45
(Being the maintenance expense is recorded)
2. Truck Asset A/c Dr $400
To Cash A/c $400
(Being the installing asset is recorded)