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strojnjashka [21]

3 years ago

8

Grace makes $2,200 per month. She spends $300 on credit card payments, $120 per month for a furniture purchase, and $450 on an a

uto loan. Does she have excessive debt? yes or no

2 answers:

DedPeter [7]3 years ago

8 0

I believe the answer to this question is No

saw5 [17]3 years ago

7 0

Yes she excessive debt because lets get one thing straight why does she have to pay monthly for furniture!

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Indirect costs are traced to cost objects.

Aneli [31]

Answer:

Explanation:

The following statement is false and true

1. Indirect costs are traced to cost objects - This statement is false because it is not directly traced to the cost objectives. It is traced through the cost drivers.

2. Yes, this statement is true because the cost drivers are used to allocate the indirect cost to their cost objects

3. Yes, this statement is true because for computing the allocation rate, we have to divide the total allocation cost to its allocation base

4. Yes, this statement is true because the cost drivers play very important for cost allocation. Without cost drivers, the allocation of the cost would not be possible

5. This statement is false because depreciation should be allocated based on its useful life rather than the number of square feet because the number of square feet occupied is used to allocate the renting cost

8 0

3 years ago

If they produce only hamburgers, in a single day Sarah can produce 10 hamburgers, and Abe can produce 5 hamburgers. If they make

viktelen [127]

Answer:

Sarah

Milkshakes

Explanation:

A person has comparative advantage in production if it produces at a lower opportunity cost when compared with other people.

A person has an absolute advantage in the production of a good or service If she produces more quantity of a product when compared with other people.

Sarah produces more hamburgers and milkshakes when compared to Abe. Therefore she has absolute advantage in the production of both milkshakes and hamburgers.

The opportunity cost of Sarah in producing hamburgers and milkshakes are both 10/10 = 1

The opportunity cost of Abe producing hamburgers is 4 / 5 = 0.8 and for milkshakes it is 5/4 = 1.25.

Therefore, Sarah has a comparative advantage in the production of milkshakes because she has a lower opportunity cost (1) when compared with Abe (1.25)

I hope my answer helps you.

6 0

3 years ago

Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations a

Finger [1]

Answer:

Tiger Furnishings

The predetermined overhead rate

= $34.30 per direct labor hour

Explanation:

a) Data and Calculations:

Basic Dominator Total

Units produced 950 500 1,450

Machine-hours 3,200 2,400 5,600

Direct labor-hours 2,700 1,100 3,800

Direct materials costs $9,600 $3,900 $13,500

Direct labor costs 63,700 37,700 101,400

Manufacturing overhead costs 130,340

Total costs $245,240

b) Computation of the Predetermined overhead rate

= Total manufacturing overhead costs divided by total direct labor hours

= $130,340/3,800

= $34.30 per direct labor hour

6 0

3 years ago

Dave’s home appraised for $289,000. His asking price was $290,000 and the property ultimately sold for $275,000. What will the n

Shalnov [3]

Since property taxes are paid on the value of the property, the new owners will pay <u>A. One percent of $289,000.</u>

<u />

Data and Calculations:

Appraised value of property = $289,000

Asking price = $290,000

Sales price = $275,000

Property tax = 1% of $289,000 (or $2,890)

Thus, the new owners of Dave's home will pay <u>A. One percent of $289,000</u> in property taxes.

Learn more about property taxes here: brainly.com/question/13887483

8 0

2 years ago

What is an advantage of using a credit card?

lisov135 [29]

Answer:

???

Explanation:

5 0

3 years ago

Read 2 more answers