EASY!! Please help!! 25 points

Many businesses today are abandoning the traditional business attire and allowing their employees to come to work in business ca

Reika [66]

Answer:

2. Dependent

Explanation:

this scenario can be explain from the Law of economics on Demand and supplies, which states that " the higher the price the lower the quantity demanded and the lower the quantity supply and vice versa".

though, the bussiness action is not affected by price, but other factors of economic which is culture, but they can be used interwoven.

we can see from the law of demand is dependent on price.\

therefore, A decrease in consumer demand for silk ties has led to a decrease in demand for silk because the demand for silk is dependent on the consumer usage.

demand of goods is dependent on the price and also on the consumer usage.

4 0

3 years ago

Beerbo purchased a machine on July 1, 2021 for $28,000. Beerbo also paid $200 in title fees; $125 in taxes; $500 in delivery cha

Dahasolnce [82]

Answer:

$29,100

Explanation:

The cost of an asset which needs to be capitalised is the sum of all costs needed to make the asset usable, it includes purchase price, taxes, installation costs etc.

According to given question following balances will be capitalised in the MACHINE account.

Price $28,000

Title fee $125

Taxes $500

Delivery charges $475

Total cost $29,100

8 0

3 years ago

If prices are rising, which inventory cost flow method will produce the lowest amount of cost of goods sold?.

Illusion [34]

Answer:

FIFO

Explanation:

5 0

1 year ago

The following information is available for Lock-Tite Company, which produces special-order security products and uses a job orde

lakkis [162]

Answer:

1.Cost of direct material used =$168000

2.cost of direct labor used =$100000

3.Cost of goods manufactured =$396800

4.cost of goods sold =$422100

5.Gross profit = $577900

6.Under applied factory overhead =$84000

Explanation:

Direct labour= (D/L)

Direct material = (D/M)

Factory overhead =( FOH)

Raw material used = material (open) +purchased -material (end)

= 30000+194000-56000

= 168000.

Entry: Dr work in process 168000

Cr raw material 168000

Manufacturing cost = Raw material used + direct labor cost + factory overhead.

= 168000+100000+(16000+23000+100000) = $407000.

COGM= Manufacturing cost+work in process (open)-work in process (end)

= 407000+9900 - 20100 = $396800.

Applied factory overhead= direct labor * predetermined rate

= 100000*55% = $55000.

entry: Dr work in process 55000

Cr Applied factory overhead 55000.

Cost of goods sold = Cost of goods manufactured + finished goods (open) -finished goods (end).

= 396800+59000-33700 =$422100.

T-account

Raw material Work in process

Dr___________Cr__ __ DR ___________CR

30000-- (open) 9900 ----

194000--- (D/L) 100000 ---

---- 56000 (FOH) 55000 --- 20100

---- bal figure 168000 168000 -- bal fig 312800.

Actual factory overhead = $139000

Applied factory overhead =$55000

Under applied factory overhead = 84000.

Sales = 1000000

Less cost of goods sold = (422100)

Gross profit 577900

6 0

3 years ago

A Not-for-Profit Organization

yuradex [85]

Answer:

1.The parties involved can ask the government to raise the allocation of funds to the student community service organization

2. Volunteers will be available to help out in the project

3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)

Explanation:

Planning of a large party or an event is called a project. This is because, it was a specific party for a specific purpose and It was held on a specific date and time(beginning and end).

A project must have an objective . It must have stakeholders. This whose decision will greatly affect the outcome of the project

The following are the assumption made by the stakeholders of the project:

1.The parties involved can ask the government to raise the allocation of funds to the student community service organization

2. Volunteers will be available to help out in the project

3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)

The needs identified are:

-Money to support food purchasing.

-Grow the volunteer force.

-Food donations.

-To teamwork and synergy with a common goal.

6 0

3 years ago