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3 years ago

What is the primary purpose of the World Bank?

1 answer:

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Answer: The World Bank provides low-interest loans, interest-free credit, and grants. It focuses on improving education, health, and infrastructure. It also uses funds to modernize a country's financial sector, agriculture, and natural resources management.

Explanation: The world bank provides money related supports like, loans, credit, and grants. It focuses on improving infrastructure and society. It funds all different types of business's.

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The goal of _____ is to make it convenient for consumers to find and purchase products at many locations and in many ways.

stepan [7]

The answer is C. intensive distribution.
The goal of Intensive distribution is to make it convenient for consumer to find and purchase products at many locations and in many ways. This kind of distribution distributes their products on a many locations.

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3 years ago

If management wants the most accurate product cost, which of the following costing methods should be used? a. Volume-based costi

Fynjy0 [20]

1. If management wants the most accurate product cost, which of the following costing methods should be used?

Answer:

c. Activity-based costing

Explanation:

In activity based costing, You only assign cost to a certain products and services based on your actual consumption. This will include indirect cost that might be overlooked by other from of costing methods.

For example, other type of costing might only account the total material or price of the machines when calculating the total cost of creating product. As a matter of fact, this will undervalue the total cost.

You need to calculate the expense that is not directly involved in the production but still necessary for the operation (such as the cost of fixing broken parts, the cost of daily maintenance, etc). All of these things will be included in activity-based costing.

2. Which costing method tends to overstate the cost of high-volume products?

Answer:

A. traditional volume based accounting

Explanation

Traditional volume based costing will calculate all overhead costs (such as salary paid per hour to employees) and include it to the overall cost of the production without any additional adjustment.

This will cause an overstate in the cost of high-volume products Because longer hours of work does not necessarily translate to proportionate increase in productivity.,

3. Disadvantages of activity-based costing include

Answer:

-It is not acceptable under GAAP for external reporting.

-It can be costly to implement.

Explanation:

GAAP does not accept activity-based costing becasue it overlooked Organization-sustaining costs that will exist regardless of how much goods the company produce. (For example Cost of factory security, Cost of electricity for heating and air conditioning and office administration rent).

Activity based costing can be costly because it need a more precise evaluation of their indirect cost. Which means that they need to hire more experts to specifically pay attention to indirect cost which often time untraceable by common employees.

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3 years ago

Forest Components makes aircraft parts. The following transactions occurred in July. Purchased $16,950 of materials on account.

horrorfan [7]

Answer:

Forest Components

Journal Entries:

1. Debit Materials Inventory $16,950

Credit Accounts Payable $16,950

To record the purchase of materials on account.

2. Debit Work in Process Inventory $16,780

Credit Materials Inventory $16,780

To record the issue of materials to the production department.

3. Debit Manufacturing Overhead $1,340

Credit Materials Inventory $1,340

To record the issue of materials to the service department.

4. Debit Accounts Payable $16,950

Credit Cash Account $16,950

To record the payment for the materials purchased on account.

5. Debit Materials Inventory $2,020

Credit Work In Process $2,020

To record the record of materials.

6. Debit Work in Process $32,500

Credit Factory Wages $32,500

To record the direct labor cost.

7. Debit Manufacturing Overhead $17,250

Credit Accounts Payable $17,250

To record the purchase of miscellaneous items for the plant.

8. Debit Manufacturing Overhead $36,700

Credit Depreciation Expense $36,700

To record depreciation expense on manufacturing plant.

9. Debit Work In Process $30,875

Credit Manufacturing Overhead $30,875

To apply overhead for the month.

b. T-accounts:

Materials Inventory

Accounts Titles Debit Credit

Balance $12,320

Accounts Payable $14,930

Work in Process 2,020

Work in Process Inventory $16,780

Balance $12,490

Work-in-Process Inventory

Accounts Titles Debit Credit

Balance $11,755

Materials Inventory 16,780

Materials Inventory $2,020

Factory Wages 32,500

Overhead 30,875

Finished Goods Inventory 79,330

Balance 10,560

Manufacturing Overhead

Accounts Titles Debit Credit

Materials Inventory $1,340

Accounts Payable 17,250

Depreciation Expense 36,700

Work In Process $30,875

Finished Goods Inventory

Accounts Titles Debit Credit

Balance $2,700

Work in Process 79,330

Cost of goods sold 75,100

Balance $6,930

Cost of Goods Sold

Accounts Titles Debit Credit

Finished Goods 75,100

Explanation:

a) Data and Calculations:

Materials Inventory ? $12,490

Work-in-Process Inventory ? 10,560

Finished Goods Inventory $2,700 6,930

Cost of Goods Sold ? 75,1000

Predetermined overhead rate = $412,870/$434,600 = $0.95

Overhead applied = $30,875 ($0.95 * $32,500)

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3 years ago

Joe received a DUI violation while partying last Christmas and he was found guilty by the court. His real estate license is due

Kazeer [188]

Answer:

Yes, Joe needs to disclose to the commission about his violation.

Explanation:

Driving under the influence (DUI) is the crime or offense of driving or operating a motor vehicle while impaired by alcohol or other drugs to a level that renders the driver incapable of operating a motor vehicle safely.

if the defendant violated probation by breaking a law, the probation revocation hearing will probably take place after the new offense has been disposed of.

Defendants are entitled to written notification of the time, place, and reason for the probation revocation hearing.

For Joe to be able to renew his real estate license he has to speak for a qualified attorney who will plead his case on his behalf.

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4 years ago

Alan is sure to tell his boss about every new client he gets for their firm and he is sure to pass along any compliments he gets

butalik [34]

The impression strategy that Alan is using is the self-promotion. The impression strategy of self-promotion tends a person to promote his or herself or in another term, the person would brag his or her accomplishments or the activities that he or she has done in a way which is forceful or a way that other people would think that he or she does not need to know about.

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3 years ago