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3 years ago

LO 2.2Which of the following is not considered a product cost?

Business

1 answer:

Usimov [2.4K]3 years ago

7 0

Answer:

selling expense

Explanation:

The cost which is charged to manufactured a product is known as product cost

Plus product cost is a combination of direct material; direct labor and indirect cost i.e indirect material and indirect cost

In mathematically,

Product cost = Direct materials cost + Direct labor cost + manufacturing overhead cost

The indirect cost is also known as manufacturing overhead cost.

The cost which is charged to manufactured a product is known as product cost

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Stadium owners have often been accused by business owners of doing what to the prices for sponsorship opportunities

slega [8]

The answer is A. inflation

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3 years ago

When the Northern Hemisphere is tilted towards the Sun, what seasons will the two hemispheres be experiencing?

kari74 [83]

The Northern Hemisphere will be in summer with it is tilted towards the sun, and the Southern Hemisphere will be in winter because it is tilted away.

This is easy to remember because when one hemisphere is closer to the sun, it will be warmer.

4 0

3 years ago

When michelle meets with the section managers to brief them on the concerns of the city officials, which management role is she

Gnesinka [82]

The answer is A. Michelle's meeting with the section managers is one in which she is dispensing information or functioning as a disseminator. Michelle is connecting with others here, but she is not a liaison because she is connecting within the organization, not outside of it. Michelle is neither addressing a problem nor mediating between parties so she is not functioning in the role of disturbance handler or negotiator.Please make my answer the brainliest.

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3 years ago

A mortgage requires you to pay $70,000 at the end of each of the next eight years. The interest rate is 8%.

bazaltina [42]

Answer:

PV $402,264.7261

balance of the mortage

1-y from now $364,445.9041

2-y from now $323,601.5765

3-y from now $279,489.7026

4-y from now $231,848.8788

5-y from now $180,396.7891

6-y from now $124,828.5322

7-y from now $64,814.8148

Explanation:

We sovle for the PV of the annuity of 70,00 during 8 years discounted at 8%

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 70,000.00

time 8

rate 0.08

$70000 \times \frac{1-(1+0.08)^{-8} }{0.08} = PV\\$

PV $402,264.7261

To know the value of the outstanding dbet we can repeat this formula changing the values for time

t = 7 $364,445.9041

t = 6 $323,601.5765

t = 5 $279,489.7026

t = 4 $231,848.8788

t = 3 $180,396.7891

t = 2 $124,828.5322

t = 1 $64,814.8148

8 0

3 years ago

Company uses the direct write-off method to account for uncollectible receivables. On April 18, Wears wrote off a $ 6 comma 10

vlabodo [156]

Answer:

On April 18, Wears wrote off a $ 6 comma 100 account receivable from customer W. Jalan

Debit Bad debt expense $6,100

Credit Accounts receivable $6,100

Being entries to write off debts due from W. Jalan

On May 24, Wears unexpectedly received full payment from Jalan on the previously written off account

Debit Cash account $6,100

Credit Bad debt expense $6,100

Being entries to record cash collected for debt previously written off

Explanation:

Ordinarily, When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.

To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.

Where a debit that had previously been determined to have gone bad gets settled, debit cash and credit bad debt expense.

However, these entries are posted directly between the bad debt expense account and the accounts receivable if the company uses the direct write off method.

7 0

4 years ago