Payments from customers received before performing services for the customers are recorded as

When the allocated amount of indirect costs are less than the actual amount, indirect costs have been ________. A. overallocat

Daniel [21]

Answer:

C. underallocated

Explanation:

Underallocated amount is that which did not match the actual overhead incurred and it is lower than the actual. While budgeting the estimated overheads are allocated to different departments / products using different basis. Total allocated amount then compared with the actual overheads incurred. Which ultimately result in under / over allocated overhead.

3 0

3 years ago

The point has been reached where a biotechnology research and development company must expand by building a new facility. The se

kolbaska11 [484]

Answer:

A. A

Explanation:

Location A is best suited for the management. Location A offers Excellent Labor climate, Utilities and Markets. It is fair in Quality of Life and Taxes. The best possible alternative is location A for the management of biotech research company.

8 0

3 years ago

Select all that apply. Which roles come through choices? husband or wife son or daughter sibling mother or father peacemaker or

3241004551 [841]

The roles that come through choice are husband, wife, peacemaker, and confidant.

5 0

3 years ago

Read 2 more answers

John purchases a call option with a strike price of $110 that is selling for $3.50 when the stock is trading at $108 per share.

andreev551 [17]

The intrinsic value of a call option can be calculated by subtracting the strike price from the market price ($108-$110=?). Therefore the intrinsic value of John's call option is $-2 or 0.

3 0

3 years ago

On January 1, 2018, Jacob Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truc

Norma-Jean [14]

Answer:

option (D) loss, $3,000

Explanation:

Given:

price of the truck = $48,000

estimated residual value = $8,000

Exchange price of the truck = $60,000

Trade allowance = $35,000

Since, straight line depreciation is given, thus,

Total depreciation = $\frac{\textup{48,000−8,000}}{\textup{8}}$

or

Total depreciation = $5,000 per year

Therefore,

the book value after two years

= Price of truck - total depreciation in two years

or

= $48,000 − ($5,000 × 2 years)

= $38,000

Now,

a trade allowance received ( i.e $35,000 ) is less than the book value

therefore a loss is recorded

The amount of loss = (Book value - trade allowance received)

or

The amount of loss = $38,000 - $35,000 = $3,000

Hence, correct answer is option (D) loss, $3,000

5 0

3 years ago