Answer:
investment will decrease if savings also remains constant
Explanation:
When government policy moves from a budget deficit to a budget surplus and the trade deficit remains constant: investment will decrease if savings also remains constant
Answer:
The correct answer is C.
Explanation:
Giving the following information:
In May direct labor was 60% of conversion cost. If the manufacturing overhead for the month was $54,000.
We know that:
Conversion cost= direct labor + manufacturing overhead
If direct labor was 60% of conversion costs, overhead was 40%.
Rule of 3:
40%=54,000
60%= x
x= (0.60*54,000)/0.40
x= 81,000
Direct labor= 81,000
Answer: False
Explanation:
Classification shifting is a method used whereby the core earnings are manipulated by misclassifying the items in the income statement.
One way that managers make use of classification shifting is by reporting the operating expenses for the business as nonoperating expenses. This is usually done in order to inflate the operating income.
The statement in the question is false as classification shifting by managers doesn't lead to under-reporting of total expenses and over-statement of bottom-line net income rather it lead to over reporting.
Answer:
Dr. Cash $2,200
Cr. Unearned revenue $2,200
Explanation:
As the entry fee for the the racing event is received in advance. The event is on December 15 and the entry fee is received earlier to decide the participants of the race. This receipt is not considered as the revenue income until the event held and race is over. The unearned revenue is considered as the liability and recorded in unearned revenue account as action from the tony side is due. as Tony completes action which is the racing event, the revenue will be recorded.
