Answer:
The correct answer is option B.
Explanation:
Amortization is a technique used in accounting. It involves the process of spreading payment over multiple periods. In accounting, amortization refers to the allocation of the cost of intangible assets over its lifetime.
For instance, amortization of a loan means spreading the interest and principal of the loan over its lifetime. It means fixed monthly payments of interest and principal.
Answer:
12,600
Explanation:
Concept of Equivalent units of production measures the number of units in terms of percentage completion in input elements of the process.
<u>The equivalent units of production for materials</u>
Note : all materials are issued at the beginning of the process, therefore materials are 100% complete in both Widgets transferred out and Ending widgets.
Calculation :
transferred out (8,600 × 100%) = 8,600
ending inventory (4,000 × 100%) = 4,000
total = 12,600
Therefore, the equivalent units of production for materials in the Machining Department is 12,600.
Answer:
Explanation:
gate City bank reconciliation statement as at December 31, 2018
Balance as per cash book 2400
Direct payment to the bank (loan) 520
Less bank charges (30)
Add bank interest 20
Adjustment 510
Adjusted cash book balance 2910
Balance as per bank statement 3,810
Less outstanding check (1300)
Add deposit in transit 400
Adjustment (900)
Adjusted bank statement balance 2,910
Answer:
The correct answer is letter "A": supply and an increase in the quantity demanded.
Explanation:
U.S. craft beer production has increased, thus, the supply of craft beer is increasing. If the supply increases, the price of craft beer decreases. By demand law, if the prices of a craft beer drop, the quantity demanded for craft beer are likely to be incremented.
C. The decisions made by producers and consumers drive all economic choices.
