When two companies come together strategically to operate is called a joint venture.
<h3>What is a Joint Venture?</h3>
A Joint simply put is when two separate entities or business agree to share resources with the aim of archeiving similar or one objective.
Mostly, this is carried out when a company intend to enter a foreign market.
Learn more about joint venture here:
brainly.com/question/9389546
If Simone tells Rural Investments Inc. that the land she is trying to sell them will be worth twice a much next year she is giving an estimate or an opinion of that. There is not factual evidence presented to state that the 300-acre farm is going to be worth more in upcoming years. The farm can also depreciate and lose value, so there is no way to truly know until it comes time to sell the land.
Answer:
Explanation:
What is given:
Budgeted overhead = 175,500
Budgeted labour hours = 13,000
So Budgeted overhead per hour = 175500/13000 = 13.5
Actual labor hours = 14,500
Amount of manufacturing overhead allocated for the year based on direct labour hours = 14,500*13.5 = 195,750