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frutty [35]
3 years ago
14

Data concerning three of the activity cost pools of Salcido LLC, a legal firm, have been provided below: Activity Cost Pool Tota

l Cost Total Activity Researching legal issues $ 22,880 800 research hours Meeting with clients $ 1,325,275 7,573 meeting hours Preparing documents $ 94,240 5,900 documents The activity rate for the "meeting with clients" activity cost pool is closest to:
Business
1 answer:
asambeis [7]3 years ago
6 0

Answer:

Meeting with clients= $175 per meeting hour

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Meeting with clients= 1,325,275/7,573

Meeting with clients= $175 per meeting hour

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lack of property rights diminish economic growth. diminish economic growth. increases productivity. increases productivity. enco
nikdorinn [45]

The answer is diminish economic growth.

  • The lack of property rights will produce difficulties in the daily lives of the people, and they will not be rectified unless the government intervenes with some property rights, because everyone would grab the property with power because the property rights are not there to claim the rights.
  • Negative growth is defined as a drop in a company's revenues or earnings, or a drop in an economy's GDP in any quarter. Negative growth is characterized by declining wage growth and a decline of the money supply, and economists consider negative growth as a precursor to a future recession or depression.
  • Economists usually believe that four variables drive economic development and growth: human resources, physical capital, natural resources, and technology.

Thus this is the meaning of diminish economic growth.

To learn more about economic growth, refer: brainly.com/question/18964806

#SPJ4

5 0
1 year ago
You manage a company that competes in an industry that is comprised of four equal-sized firms that produce similar products. A r
Alja [10]

Explanation:

It is given that in the market there are four equal-sized firms that produce similar products. The market is saturated such that 10% industry-wide price rise would lead to 18% decline in units sold by all firms in the industry. Going further, there is a proposed legislation that imposes a tariff on a key input used by the industry, which on realization would result in the increase in marginal cost by $2.

This means that the market elasticity of demand is:

[ FIND THE ATTACHMENT FOR SOLUTION]

5 0
3 years ago
Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas willdecrease .
Usimov [2.4K]
The answer is C , thank me later
7 0
3 years ago
A company had service revenue of $257,000, rent expense of $10,700, utility expense of $4,200, salary expense of $19,200, deprec
Reil [10]

Answer:

Income summary has a $208,630 credit balance before being closed

Explanation:

The closing entries should be:

Dr Service revenue 257,000

    Cr Income summary 257,000

Dr Income summary 48,370

    Cr Rent expense 10,700

    Cr Utility expense 4,200

    Cr Salary expense 19,200

    Cr Depreciation expense 9,700

    Cr Advertising expense 4,570

Income summary

Debit               Credit

<u>18,370             257,000</u>

                       208,630

In order to close income summary:

Dr Income summary 208,630

    Cr Retained earnings 208,630

If you want to close dividends:

Dr Retained earnings 18,700

    Cr Dividends 18,700

7 0
3 years ago
Which of the following statements are false?
maria [59]

Answer:

a. Revenue provides only outward flows of cash.

b. Revenue is a subdivision of Assets.

d. Expenses are part of Total Assets.

Explanation:

Revenue is the income a business receives from its regular trading activities. It is the money realized from the sale of goods and services to customers. A company may have different sources of revenue such as interests received, sales, or disposal of assets.

Revenue is cash coming to the business or cash inflows.  cash outflows is money leaving the company. Expenses are an example of cash outflows.

3 0
3 years ago
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