Answer:
The correct answer to the following question will be Option C.
Explanation:
- The buyers, as well as sellers, must negotiate an understanding as to who is capable of paying certain transport costs and also who, whenever the item is delivered, assumes the default risk throughout transportation.
- A seller reports compensation whenever the purchaser has the transition of titles as well as ownership uncertainties.
The other three options are not related to a certain scenario. So that option C is the right answer.
Answer: Public assistance programs
Explanation: Public assistance programs also known as government welfare programs are designed to help the poor whose income falls below a certain level. These programs are designed to help these poor individuals to meet their basic requirements of life. The primary focus of these programs is to provide assistance to the children, disabled or the aged who are not responsible for their own poverty. People who are able to work are not eligible for these programs.
Answer: See explanation
Explanation:
The question is:
1. What is the service department charge rate for Graphics Production?
a.$10.00
b.$2.00
c.$0.50
d.$6.66
The service department charge for Graphics Production will be calculated by dividing the cost of graphic production by the total number of copies that are made. This will be:
= $200000/(20000 + 30000 + 50000)
= $200,000 / 100,000
= $2 per copy
2. How much service department cost will be allocated to the Micro Division?
a.$200,000
b.$145,000
c.$345,000
d.$60,000
The service department cost that is allocated to the Micro Division will be calculated as:
= [20000 x ($200000/100000)] + [700 x ($500000/2000)] + [130 x ($400000/400)]
= (20000 × 2) + (700 × 250) + (130 × 1000)
= $40000 + $175000 + $130000
= $345000
Answer:
C. salaries expense
D. service revenue
Explanation:
All temporary accounts need to be closed off at the end of the year. Temporary accounts are accounts that both begin and end the period with a $0 balance so that they do not get mixed up with figures from the next period.
Items in the income statement such as revenue and expenses are closed at year end and will form part of the Retained earnings account as they would have been accounted for in the net income.
Salaries expense and service revenue will therefore be closed at the end of the year.
