Answer:
(a1) $761,000
(a2) $504,000
(a3) $793,000
Explanation:
(a-1) Amount of net sales reported as revenue in the income statement:
= Cash sales + Credit sales
= $289,000 + $472,000
= $761,000
(a-2) Amount of cash received from collecting accounts receivable:
= Credit sales + Decrease in accounts receivable
= $472,000 + $32,000
= $504,000
(a-3) Amount of cash received from customers:
= Cash sales + Amount of cash received from collecting accounts receivable
= $289,000 + $504,000
= $793,000
1) Mixed economies are a mix of Command (regulated by the government) and free (Market) economy - the answer is b)
2)Today most countries have a mixed economy, there are few (such as North Korea) which have a command economy, but none have a true free market (for example drugs are regulated)
3)Inflation means that one needs more money to buy the same goods - this is measured by a rising Consumer Prize index (answer d)
4) this indicator would be a steady, but low inflation - but inflation is bad for the economy but lack of inflation is not really stable
Answer:
B
Explanation:
Mortgages prevent government regulation of property but involve higher taxes
Answer:
The correct answer is letter "B": Rider.
Explanation:
A rider policy adds or restricts terms to an already existing insurance policy. This is typically used when the policyholder includes in the original coverage some others such as life, home, and auto insurance. Rider policies are typically low priced and in most cases are offered by the same insurance companies at a special discount to promote consumption among their insured.
Answer:
Total direct labor costs= $295,680
Explanation:
Giving the following information:
Each Pod requires 1.4 hours of labor at a labor rate of $9.60 per hour.
Production= 22,000 Pods.
<u>First, we need to calculate the total direct labor hours required:</u>
Total direct labor hours= 22,000*1.4= 30,800 hours
<u>Now, the total direct labor costs:</u>
Total direct labor costs= 30,800*9.6
Total direct labor costs= $295,680
