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3 years ago

Match the appropriate costing method to the description

Business

1 answer:

sp2606 [1]3 years ago

8 0

Answer:

a. Absorption costing only -- 8. Includes gross profit on the income statement
2. Required by generally accepted accounting principles.
b. Variable costing only -- 6. Generally provides the most useful report for setting long-term prices.
3. Treats fixed manufacturing cost as a period cost.
5. Generally provides the most useful report for controlling costs.
4. Operating income is impacted by changes in inventory level.
c. Both absorption and variable costing -- 7.May be used in a manufacturing company
1.Treats fixed selling cost as a period cost.

Explanation:

The absorption costing includes that all the manufacturing costs which are given to the units produced and the cost of a finished product will be the cost of the direct material and labor.

Variable cost is a method that assigned the variables costs to the inventories and means that overall cost changes to expenses in a time of occurrence.

Both of these costs are related to the method of the production and costs that are incurred in the production and in which method the company uses to make.

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You receive a credit card application from Shady Banks Savings and Loan offering an introductory rate of 1.25 percent per year,

lana66690 [7]

Answer:

$793.70

Explanation:

The computation is shown below:

At introductory rate

The rate is 17.8% per year

And, in monthly, the rate would be

= 1.25% ÷ 12 months

= 1.4833%

Time is 6 months

Amount after 6 month would be

= Balance × (1 + interest rate)^ time period

= $8,000 × (1 + 0.1042%)^6

= $8,050.15

The interest after 6 month is

= $8,050.15 - $8,000

= $50.15

Now for increase rate to 17.8%

The rate is 17.8% per year

And, in monthly, the rate would be

= 17.8% ÷ 12 months

= 1.4833%

Time is 6 months

Amount after 6 month would be

= Balance × (1 + interest rate)^ time period

= $8,050.14 × (1 + 1.4833%)^6

= $8,793.70

The interest after 6 month is

= $8793.70 - $8,050.15

= $743.55

So, the total interest would be

= $50.15 + $743.55

= $793.70

5 0

3 years ago

Imagine you are a consultant who has been asked to summarize the strengths and weaknesses of Agoria, a nation with a pure market

Marta_Voda [28]

Answer:

Two weaknesses as consultant can be identify: The economy experiences economic fluctuations, and people with no resources to sell could starve

Explanation:

In a pure market economy, the allocation of resources is based on purely the dynamics between supply and demand. If our economy is closed (there is no imports nor exports) and there is not different actors (such as government) and all trade goods are perfect (they are not public or semi-public goods), then the market will efficiently allocate all the resources. Nevertheless, this is not the case, and with an open economy and the existence of imperfections, any external impact will cause economic fluctuations, and those workers with no demandable offer will not be hired, and potentially will be out of the market.

3 0

3 years ago

At the beginning of the year, the balance in Allowance for Doubtful Accounts is a credit of $760. During the year, $120 of previ

Mekhanik [1.2K]

Answer:

=$140

Explanation:

At the beginning of the year, the account had a credit(positive balance of $760)

Previously bad debt that has been reinstated, $120

The new balance will be $760 + $120 = $860

adjusting for the written-off accounts

=$860 - $740

=$140

3 0

3 years ago

The Card Shoppe needs to maintain 18 percent of its sales in net working capital. Currently, the store is considering a four-yea

mylen [45]

Answer:

$56,520

Explanation:

As per given data

Year Sales Working Capital 18%

0 $279,000 ($50,220)

1 $308,000 ($5,220)

2 $314,000 ($1,080)

3 $314,000 $0

4 $314,000 $56,520

As the sales value of year 2, 3 and 4 are same, as capital is adjusted in year 2 and company has equal working capital required in year 3, years 4 is the last year of the project so, working capital will be recovered from the project

Net Working capital will be reimbursed at the end of the project. The accumulated value of investment in working capital will be recorded as cash inflow in the analysis.

0 0

3 years ago

How are we affected by international business?

ollegr [7]

Globalization of business has affected man in many ways.
In term of communication, businesses has to learn and abide by the culture of the places where their companies are located. They have to learn and abide by the political and legal regulations that are operating in the place. Cross - cultural communication challenge has to be overcome with sensitivity and openness.

4 0

3 years ago