Answer:
False
Explanation:
An excise tax is tax levied on some specific goods. It is an indirect tax because it is not levied on customers.
Excise tax would increase the cost of supplying alcohol. This would reduce the supply of tax. A decrease in the supply of tax would increase the price of alcohol
Answer: Debit to Factory Overhead.
Credit to Factory Utilities Payable.
Explanation:Utilities are part of actual overhead costs. It is a necessary cost in order to operate the factory, but is not DIRECT Labor or DIRECT Material.
Answer:
$7,747.8
Explanation:
Given:
Average payroll = $3,521,790
Initial (contributions - benefits paid) = $414,867
Now,
Minimum contribution amount to qualify for bracket 12% to less than 14%
also,
[contributions- benefits paid] = Percentage × average payroll
or
[contributions- benefits paid] = 12% × $3,521,790
or
[contributions- benefits paid] = $422,614.8
so the required ( contributions- benefits paid ) is $422,614.8
Thus,
The Company have to pay the difference of
= [ required ( contributions- benefits paid ) ] - [ Initial (contributions - benefits paid) ]
= $422,614.8 - $414,867
= $7,747.8
Answer:
Polish General Corporation is a new player in automobile production, their background for manufacturing automobile parts is an advantage as they can insource for parts.
The approach of giving ample time for trials is a good one. It will be a competitive advantage for the company if their products are synonymous with quality.
Their first product in the automobile market place should set a standard on which the company can build a long lasting brand.
So the decision by the manager to prolong trials is a wise one. The employees will also have mastered the process at the end of this period, having practices 60 - 100 times. Based on the expertise learnt products produced in the future will also have high quality.
Explanation:
