Answer:
c. whenever banks create financial assets for themselves, they create financial liabilities for individuals, and those financial liabilities are considered money
Explanation:
c. whenever banks create financial assets for themselves, they create financial liabilities for individuals, and those financial liabilities are considered money
Answer:
C. $ 7,500
Explanation:
Estimated direct labor cost $ 100,000
Estimated direct labor hours 20,000 hours
Predetermined rate per direct labor hours $ 5 per direct labor hour
Actual hours used on a job 1,500 hours
Applied overhead based on the predetermined overhead
rate per direct labor hours
$ 5 per direct labor hours * 1,500 hours $ 7,500
The information regarding machine hours is not relevant to the requirements of the question.
Answer:
An artisan uses local wood from a sustainable tree farm to make products.
(third option listed)
Explanation:
<em>Producing </em>is the actual making of something, and so the question of "How to produce?" can be best answered by an explanation of the production process.
So, "An artisan uses local wood from a sustainable tree farm to make products." describes the process of production--how the artisan is making their products.
read more about production at brainly.com/question/1462676
hope this helps!!
Answer:
Net Income for the year is $41700
Explanation:
The accounting basis that is generally followed by the businesses is the accrual basis of accounting. The accrual principle states that incomes and expenses should be recorded and recognized in the period to which they relate to rather than in the period where cash is received or paid.
This means that we will record income and expenses related to this year in this year's profit calculation even when we have not received or paid cash for such incomes and expenses.
Thus, net income for this year will be calculated as,
Net Income = Total Sales Revenue - Total expenses
Net income = 113000 - 71300
Net Income = $41700
