This scenario is traumatic to the victim on which his/her identity is being used by someone to process a transaction or involve in any activities that they harm others. This kind of crime is beneficial only to the person who stole the identity of other people where she/he can get money and other benefits out his/her committed crime.
Answer:
$406,300
Explanation:
The computation of the cash collection is shown below:
Cash Collected From Customers is
= Ending account receivable +Revenue For the Year - opening account receivable
= $31,400 + $411,000 - $36,100
= $406,300
Answer: The predetermined overhead rate increased because the total direct labor-hours dropped
Explanation:
The predetermined overhead rate refers to an allocation rate which is used in applying the estimated manufacturing overhead cost to the cost objects for a particular reporting period.
When there's reduction in the direct labor-hour requirement from 5 hours to 2 hours, the predetermined overhead rate increased because the total direct labor-hours dropped
The predetermined overhead rate is calculated as the total overhead cost divided by the machine hour. Therefore, if there's reduction in the direct labor hour rate, then there will be a rise in the predetermined overhead rate.
Answer:
$700 (not given in the options)
Explanation:
When the policy is purchased with a payment made in advance, the entries recorded are
Debit prepaid insurance $8,400
Credit Cash account $8,400
After the first month, the expense incurred is
= 1/12 × $8,400
= $700
Entries then required
Debit Insurance expense $700
Credit Prepaid Insurance $700
Answer: I believe it's C, because it says that there are many different prices, and it makes sense because there are so many different selling sites
