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4 years ago

ABC assumes all costs in a ________ can be grouped together because they all impact the activity.

Business

1 answer:

Darina [25.2K]4 years ago

8 0

Answer:

The correct answer is letter "A": cost pool.

Explanation:

Activity-Based Costing or ABC is a managerial accounting method used to assign some indirect costs to the products which incur the bulk of those costs. By doing so, it is assumed that all those costs in the <em>cost pool</em> can be bundled because they are relevant for production. In the manufacturing sector, ABC is mainly used to help measure the true cost of production per unit.

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Discount Travel has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; and oth

BARSIC [14]

Answer:

The current ratio is 2.98

Explanation:

total current assets = cash + receivables + inventory + other current assets

= $102 million + 94 million + 182 million + 18 million

= $396 million

total current liabilities = accounts payable + current portion of long term debt

= $98 million + $35 million

= $133 million

current ratio = current assets/current liabilities

= [$396 million]/[$133 million]

= 2.98

Therefore, The current ratio is 2.98

6 0

3 years ago

A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The journal entry to record the issuance is:______.

PtichkaEL [24]

Answer:

E. Debit Cash $4,000; credit Paid-in Capital in Excess of Par Value, Preferred Stock $1,900, credit Preferred Stock $2,100.

Explanation:

Journal Entry for Issuance of 70 shares of $30 par value preferred stock for $4,000 is -

Cash Debited - $4,000

Paid in Capital in excess of Par value Credited - $1,900

Preferred Stock (70 shares × $30 each) Credited - $2,100

The correct option is - E. Debit Cash $4,000; credit Paid-in Capital in Excess of Par Value, Preferred Stock $1,900, credit Preferred Stock $2,100.

7 0

3 years ago

Consider a completely randomized experiment in which a control group is given a placebo for congestion relief and a treatment gr

gogolik [260]

The process should eliminate potential bias from patient psychology regarding benefits of the drug and also eliminate the potential bias from the treatment administrators. The advantage of such a procedure is that neither the patients nor the administrators of the treatments know which patients received which treatments.

6 0

3 years ago

Read 2 more answers

In order for the us to keep up with the advancements of other countries, __________ was created to lead computing research, whic

Elena L [17]

In order for us to keep up with the advancements of other countries, ARPA was created to lead computing research, which then led to the creation of the first wide area network.

This is further explained below.

<h3>What is a wide area network.?</h3>

Generally, A telecommunications network that is spread out across a vast geographical region is known as a wide area network (WAN). Frequently, leased telecommunication circuits are utilized in the process of establishing wide area networks.

In conclusion, ARPA was established to take charge of computer research so that the United States could keep up with the technological achievements of other nations.

This eventually resulted in the development of the very first wide area network.