Although one would repair at the most time of 76 minutes, the other is at most 77.1 minutes. I would pick the second one because they may take longer by 1.1 minutes at most, they also included seconds, which seems more like an honest bid time.
Answer:
C. Insurance expense will increase $2,250
Explanation:
On April 1 2016, the following journal entry will be recorded in respect of the premium paid on a one year insurance policy:
Debit Credit
Prepaid Insurance $3,000
Cash $3,000
The year end given in this question is December 31, 2016 and the insurance premium is for one year and since the insurance premium is paid on April 1, 2016, therefore, only expense in respect of 9 months i.e. from April 1, 2016 to the December 31, 2016 will be recognised in this year. Remaining expense of three months will be recognised in the Year ended December 31,2017.
The following Journal entry will be recorded in respect of insurance expense in accounts on December 31, 2016.
Debit Credit
Insurance expense(3,000*9/12) 2,250
Prepaid Insurance 2,250
So the answer will be C. Insurance expense will increase $2,250
Delivering healthcare goods and services requires several inputs in economic terms these inputs can be classified as either <u>labor</u><u> </u>or non-labor.
<h3>What are non-labor inputs?</h3>
Speaking from the perspective of the factors of production, on one hand, non-labor inputs refers to such inputs as:
- Energy
- Land
- Capital
- Information etc.
The amount of labor input is calculated as either the number of employees or the number of hours they put in during a specific time period, such a year.
The majority of nations gather information on the number of employees and are able to compute labor productivity as output per employee.
Learn more about labor inputs:
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Answer:
510,000 units
Explanation:
Note: The data in the questions are merged together and they are first separated before answering the question as follows:
Beginning Inventory Ending Inventory
Raw material 52,000 62,000
Finished goods 92,000 62,000
The explanation to the answer is as follows:
Beginning inventory of finished goods + Units of finished goods manufactured = Ending inventory of finished goods + Units of finished goods sold
Units of finished goods manufactured = Ending inventory of finished goods + Units of finished goods sold - Beginning inventory of finished goods
Therefore, we have:
Units of finished goods manufactured = 62,000 + 540,000 - 92,000 = 510,000
