Answer:
The correct answer is E
Explanation:
Product life cycle costs is the cost which is linked or associated with the product for the whole life cycle of the product. It traces the revenues or costs of each and every product over the calendar years or periods throughout the whole life cycle.
So, this cost will be included in the analysis as the hidden costs.
Occupational education refers to a total program of education oriented to the world of work. Occupational education should be gin to take form in the elementary school with a basic introduction to the world of work in terms appropriate to the maturity level of the students.
Answer: See explanation
Explanation:
Rhe journal entry will be recorded as:
a. March 2:
Debit: Accounts Receivable = 928800
Credit: Sales = 928800
Debit: Cost of Goods Sold = 511500
Credit: Merchandise Inventory = 511500
b. March 6:
Debit: Sales Returns and Allowances = 108400
Credit: Accounts Receivable = 108400
Debit: Merchandise Inventory = 60800
Credit: Cost of Goods Sold = 60800
c. March 12:
Debit: Cash = 803992
Debit: Sales discount = 820400 × 2% = 16408
Credit: Account receivable = 820400
Based on the information given, it can be illustrated that the form of business organization that's depicted is a business trust.
A business trust is also known as common law trusts. They are legal instruments that provide a trustee the authority and power to be able to manage the interest of a beneficiary in a business.
Since Overseas Shipping Corporation and Port Storage Company transfer their assets to Quality Operations, Inc., which manages the assets and distributes the profits to the beneficiaries. This is known as a business trust.
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Answer: Current cost accounting
Explanation:
From the question, we are informed that Deecee Co. adjusted its historical cost income statement by applying specific price indexes to its depreciation expense and cost of goods sold.
This shows that Deecee's adjusted income statement is prepared according to current cost accounting. Under current cost accounting, it should be noted that it is possible to use specific price indexes to restate the financial statements items.
