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3 years ago

Concepts; terminology

Business

1 answer:

Hunter-Best [27]3 years ago

7 0

Answer:

1. <u>Balance sheet</u>- An organized array of assets, liabilities, and equity.

2. <u>Liquidity-</u>Relates to the amount of time before an asset is converted to

accounting policies cash or a liability is paid.

3.<u> Current assets -</u>include cash and other assets that are expected to be converted to cash or consumed within one year, or within the normal operating cycle whichever is longer.

4. <u>Operating cycle- </u>Relates to the amount of time before an asset

is converted to accounting policies cash or a liability is paid.

5. <u>Current liabilitiesd-Cash to cash</u>

6. <u>Cash equivalent</u> -One-month U.S. Treasury bill.

7. I<u>ntangible asset companies</u>-Lacks physical substance.

8.<u> Working capital</u>-Current assets minus current liabilities.

9. <u>Accrued liabilities</u> -Recorded when an expense is incurred but not yet paid.

10. <u>Summary of signicant</u>-. Important to a user in comparing nancial

information across

11. <u>Subsequent events</u>- Occurs after the scal year-end but before the

statements

12. <u>Unqualied opinion are issued-</u>The statements are presented fairly in

conformity with GAAP.

13. <u>Qualied opinion-</u>Scope limitation or a departure from GAAP.

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A woman cut her own fabric and sewed her own dress in the

alexira [117]

Answer:production era

Explanation: because production means like to create something

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3 years ago

Social security pays $0. 90/dollar for your first $826 in earnings, $0. 32/dollar for the next $4154 in earnings, and only $0. 1

masya89 [10]

Social Security benefits are typically computed using "average indexed monthly earnings."

<h3>What is the Social Security bonus trick?</h3>

That's a myth: 62 is the earliest age you can claim your benefit, but it's not the only age to do so.

Waiting to claim Social Security after age 62 comes with a bonus: roughly 8% additional monthly income per year for each year you delay claiming (up to age 70).

<h3>What is the lowest Social Security monthly benefit?</h3>

The first full special minimum PIA in 1973 was $170 per month.

Beginning in 1979, its value has increased with price growth and is $886 per month in 2020.

The number of beneficiaries receiving the special minimum PIA has declined from about 200,000 in the early 1990s to about 32,100 in 2019.

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7 0

2 years ago

Given the following data, calculate the total product cost per unit under absorption costing. Direct labor $ 3.50 per unit Direc

Degger [83]

Answer:

The total product cost per unit under absorption costing is $15.38 per unit

Explanation:

Absorption costing : Under absorption costing, all costs which is assigned in the production is recorded in this costing method. It includes direct labor cost, direct material cost, variable overhead cost, fixed overhead cost, etc.

The computation of total product cost per unit is shown below:

= Direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit

where,

Direct material and direct labor per unit is given but variable overhead per unit and fixed overhead per unit is not given so first we have to calculate these two cost per unit. The calculation is shown below:

Variable overhead per unit = Total variable overhead cost ÷ expected units to be produced

= $41,400 ÷ 18,000

= $2.3 per unit

Now for Fixed overhead per unit = Total fixed overhead cost ÷ expected units to be produced

= $150,000 ÷ 18,000

=$8.33 per unit

So, total product cost per unit = Direct material per unit + direct labor per unit + variable overhead per unit + fixed overhead per unit

= $1.25 + $3.5 + $2.3 + $8.33

= $15.38 per unit

Hence, the total product cost per unit under absorption costing is $15.38 per unit

5 0

3 years ago

Read 2 more answers

A ________ exists when various companies producing similar products or services work together to control markets for the types o

iragen [17]

A cartel exists when various companies producing similar products or services work together to control markets for the types of goods and services they produce.

A cartel is a group of independent market participants who work together to improve profits and control the market. Cartels are usually associations in the same line of business and mergers of competitors.

1: Written agreement between Sengoku. 2 : An association of independent commercial or industrial enterprises aimed at limiting competition or fixing the prices of illegal drug cartels. 3 : Faction combination for joint action.

Examples of cartels: Organization of the Petroleum Exporting Countries (OPEC), an oil cartel whose members control 44% of world oil production and 81.5% of world oil reserves.

Learn more about cartel here

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7 0

2 years ago

Parr Paper's stock has a beta of 1.442, and its required return is 13.00%. Clover Dairy's stock has a beta of 0.80. If the risk-

Viktor [21]

Answer:

Required rate of return on clover's stock is 8.99%

Explanation:

The required rate of return on Clover's stock can be computed using Miller and Modgliani capital asset pricing model formula given below:

Ke=Rf+beta*(Rm-Rf)

Ke is the required rate of return, the unknown

Rf is the risk free rate of return of 4.00%

beta for Clover is 0.80

Rm is the not known as well but can computed using the Parr paper's details below:

beta is 1.442

required return IS 13%

13.00%=4.00%+1.442*(Rm-4.00%)

13%-4%=1.442*(Rm-4.00%)

9%=1.442*(Rm-4.00%)

9%/1.442=Rm-4%

6.24% =Rm-4%

Rm=6.24%+4%

Rm=10.24%

Now the required return on Clover's stock can be computed

Ke=4%+0.8*(10.24%-4%)

Ke=8.99%

3 0

3 years ago