In the given case, when if country b has a domestic quantity demand of 55 calculators and a domestic supply of 60 calculators country b is likely to import 5 calculators.
<h3>What are import and export?</h3>
Exports are items that are sent to be sold in other nations, whereas imports are things that are bought from other nations owing to a lack of resources or lack of understanding of how they were made.
In the given case, if country a has a domestic quantity demanded of 55 calculators and a domestic supply of 60 calculators, they have the remaining 5 calculators which they are most likely to import after fulfilling domestic needs.
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Answer:
Time ticket
Explanation:
A source document that an employee uses to report how much time was spent working on a job or on overhead activities and that is used to determine the amount of direct labor to charge to the job or to determine the amount of indirect labor to charge to factory overhead is called a: time ticket.
A time ticket also known as time card is type of document used to record the amount of hours an employee worked during a pay period. Time tickets come in all different shapes and sizes like the traditional time tickets that are physical cards that are stamped with starting and ending times of employees work days.
Answer:
the costs to be assigned to the units transferred out and the units in ending work in process is $562,800 and $49,760 respectively
Explanation:
The computation is shown below:
Cost assign to units transferred out is
= 40,200 units × $4 + 40,200 units × $10
= $160,800 + $402,000
= $562,800
And, the Cost assign to work in progress is
= 6,220 units × $4 + (6,220 units × 0.40) × $10
= $24,880 + $24,880
= $49,760
Hence, the costs to be assigned to the units transferred out and the units in ending work in process is $562,800 and $49,760 respectively
Answer:
Shally will not having any amount of bad debt deduction for the present year.
Explanation:
In the present year, Shally will not having any amount of bad debt deduction because she has a gain or income of $5,000. As, last year she has account receivable of $60,000 but this year she settled the account by receiving the $65,000 amount. So, she has received more amount than the basis in the receivable. Therefore, she will not have any bad debt deduction this year.
