Answer:
b. debit to Work in Process of $660.
Explanation:
Particulars Work in Finished Cost of Goods Sold Total
Process Goods
Manufacturing
overhead
applied during
the month 9680 9680 68640 88000
Percentage of total 11.0% 11.0% 78.0% 100.0%
Allocation of under-applied
manufacturing overhead 660 660 4680 6000
Answer:
In the absence of international trade, the domestic price of meekers is $40. Suppose that the world price of meekers is $39.
When the world price is lower than the domestic price the country imports and domestic price goes down
If Meekertown allows free trade,then it will import meekers
Meekertownian consumers were worse off without free trade than they are with it.-TRUE
Meekertownian producers were worse off without free trade than they are with it.- FALSE
True or False:
When a country is too small to affect the world price, allowing free trade will never increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.-FALSE
Explanation:
Answer: The overriding aim in building a management team should be to replace weak executives who lack strong skills in closely supervising the people who work under them
Explanation: The success of an organization is dependent on several factors including the presence of strategic and result oriented executive within its workforce. This is a vital and important aspect of building and organization capable of withstanding the competirmtuve nature of the market. Being strategic requires smartness, knowledge, experience, expertise and skills in other to make proactive suggestions required to execute groundbreaking projects.
Hence, based on the options provided above, the aim of strategic execution should not be focused on replacing executives who are perceived as being weak.
The last one is correct ¯\_(ツ)_/¯
On May 1, Pierce Company purchased $60,000 of Stanton Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its first semiannual interest. On February 1, Pierce sold $50,000 of the bonds at 103 plus accrued interest.
The journal entry Pierce will record on February 1 will include the total proceeds from the February 1 sale credit to Gain on Sale of Investments for $1,500
(this would also include a
Dr: Cash for $51,500
Cr: Investment-Stanton Company for $50,000)
Interest is the monetary fee for the privilege of borrowing money, usually expressed as an annual rate (APR). Interest is the amount a lender or financial institution receives for lending money.
In finance and economics, interest is a payment made by a borrower or deposit-taking financial institution to a lender or depositor in excess of the repayment of principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party. Interest is usually given as an annual percentage of the loan amount. This percentage is called the interest rate on the loan. For example, if you deposit money in a savings account, the bank will pay you interest. Banks pay you to hold your money and use it to invest in other transactions.
Learn more about interest here
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