Answer:
18,500 WIP balance at September 30th
Explanation:
Job A3B
3,500 direct materials
5,000 direct labor
10,000 Overhead (200% of labor = 5000 x 200%)
18,500 WIP balance at September 30th
The cost added during October will be part of October calculation, on September we should work with September values.
Answer:
they are dependent on situational probabilities
Explanation:
Arturo's decision about which torch to purchase is being made under conditions of ambiguity , because: they are dependent on other factors.
The decision making is not certainty because his decision on which torch to buy is dependent on probabilities neither is it uncertain because we have information on probabilities of what the outcome might be.
Hence the decision making is ambiguous because it is between certain and uncertain and its outcome is dependent on the probabilities of having a discount or not.
Answer:
b) $500 is recognized in year 1 and $8,500 in year 2.
Explanation:
The calculation is shown below:
Since the payment is received for 18 months of $9,000
So for one month, the payment is
= $9,000 ÷ 18 months
= $500
This $500 should be recognized in year 1 and the remaining amount i.e
= $9,000 - $500
= $8,500
This $8,500 should be recognized in year 2
Hence, b option is correct
Answer:
cannot pay or charge interest
Explanation:
Islamic banks do not charge interest. The banks are based on Sharia law. Islamic banks make a profit through equity participation.
I hope my answer helps you
Answer:
C. Downward sloping
Explanation:
According to my research on Business Economics I can say that the graph/curve of a long run average cost if production displays economies of scale would be Downward Sloping. This is because when talking about scale it is representing a situation that has an increasing output as well as an increasing average cost, causing the slope to face downward.
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