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3 years ago

EA3.

Business

1 answer:

Bumek [7]3 years ago

4 0

Answer:

Predetermined overhead rate=$8 per hour

Applied overheads=$799,200

Explanation:

Predetermined overhead rate is calculated using the following formula:

Predetermined overhead rate=Estimated overhead/Estimated direct labor hours

Predetermined overhead rate=800,000/100,000

=$8 per hour

Applied overheads= Predetermined overhead rate*number of direct labor hours

Applied overheads=8*99,900

=$799,200

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Option a

Explanation:

To thrive in the competitive world of business one has to have ethics in doing business. By doing ethical practices in the business it will boost the image of the company before the customer and it will be helpful for them to compete in the market.

From the above statement even though it is the world's largest software company it has backdated the projects contracts period to show better performance in the revenues.

Even though the project are genuine but the moral responsibility in reporting revenues to the investors take taken a dent by doing an unethical thing.

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3 years ago

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bearhunter [10]

Answer:

D) preempts the application of state law to commercial e-mail with certain exceptions.

Explanation:

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3 years ago

4. the interest is computed on the principal and also on the accumulated past interests.

torisob [31]

Answer:

d. compound interest

Explanation:

Compound interest basically means that previously earned interests will earn interests on their own. For example, you invest $100 and receive a 5% yield. At the end of year 1 you will have $105. At the end of year 2 you will have $105 x 1.05 = $110.25. The $5 in interests previously earned during year 1 will earn $0.25 interest during year 2.

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3 years ago

Manning Manufacturing Inc. had the following items that require adjustment at year end.

Ostrovityanka [42]

Answer:

1. a. Debit Salaries $5,320

Credit Accrued Salaries $5,320

Being accrued salaries for December 31

b. Debit Utilities $1,970

Credit Accrued Utilities $1,970

Being accrued Utilities for December 31

c. Debit Interest $925

Credit Accrued Interest $925

Being accrued Interest note payable for December 31

2. Income statement will be overstated by the sum of $8,215

Explanation:

The are the adjusting entries needed at December 31.

1. a. Debit Salaries $5,320

Credit Accrued Salaries $5,320

Being accrued salaries for December 31

b. Debit Utilities $1,970

Credit Accrued Utilities $1,970

Being accrued Utilities for December 31

c. Debit Interest $925

Credit Accrued Interest $925

Being accrued Interest note payable for December 31

2. The effect on the financial statements if these adjusting entries are not made is that the income statement will be overstated by the sum of $8,215 , Below is the computation:

Salaries $5,320

Utilities $1,970

Interest $925

Total expenses $8,215

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3 years ago

Midland Oil has $1,000 par value bonds outstanding at 18 percent interest. The bonds will mature in 20 years. Use Appendix B and

Aleksandr [31]

Answer:

Explanation:

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3 years ago