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KatRina [158]
3 years ago
9

The Law Firm prepays for advertising in the local newspaper. On January​ 1, the law firm paid for months of advertising. How muc

h advertising expense should Law Firm record for the two months ending February 28 under the
a. cash​ basis
b. accrual​ basis?
Business
1 answer:
kupik [55]3 years ago
7 0

Answer and Explanation:

The computation of the advertising expense that should be record for the two month under following basis is

a. For cash basis

It should be recorded at $2,000

b. For accrual basis

= $2,000 ×2 ÷5

= $800

In this way, it should be determined

And, the same should be relevant

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In the short run,
Neko [114]

Answer:

The correct answer is: unemployment and inflation are negatively related. In the long run they are largely unrelated problems.

Explanation:

According to the Philips curve, in the short run, inflation and unemployment rate are inversely related. This implies that when inflation decreases, the unemployment rate increases.  

This is indicated by the downward-sloping Phillips curve. When the government adopts a contractionary policy to reduce inflation, unemployment will increase.  

In the long run, the Phillips Curve will be a vertical line at the natural rate of unemployment. The inflation rate is not related to the unemployment rate in the long run.

7 0
3 years ago
The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicat
Llana [10]

Answer:

190,390

Explanation:

Budgeted direct labor-hours   9,400

Variable manufacturing overhead rate $ 8.60

Variable manufacturing overhead $ 80,840

Fixed manufacturing overhead   127,840

Total manufacturing overhead   208,680

Less depreciation   18,290

Cash disbursement for manufacturing overhead $ 190,390

6 0
3 years ago
The Carlberg Company has two manufacturing departments, assembly and painting. The assembly department started 10,000 units duri
alexandr402 [8]

Answer:

Equivalent units

Materials              10,200

Covnersion Cost   9, 100

Explanation:

\left[\begin{array}{cccc}&$Physical Units&$Materials&$Conversion\\$Beginning&2,000&0.6&0.4\\$Transferred out&9,000&&\\$Ending&3,000&0.8&0.3\\$Equivalent Units&&10,200&9,100\\\end{array}\right]

The equivalent units will be calcualte as follow:

 transferred out

 ending x completion

<u>  (beginning x completion)  </u>

Equivalent units

<u>Materials</u>

9,000 + 3,000 x 80% - 2,000 x 60% = 10,200

<u>Conversion Cost</u>

9,000 + 3,000 x 30% - 2,000 x 40% = 9,100

5 0
3 years ago
Ontario has provided the following year-end balances: Cash, $24,000 Patents, $7,900 Accounts receivable, $9,100 Property, plant,
nignag [31]

Answer:

$110,400

Explanation:

The computation of the net non-current assets is shown below:

= Patent + Property, plant, and equipment - accumulated depreciation + trade marks + goodwill

= $7,900 + $98,900 - $20,000 + $13,600 + $10,000

= $110,400

5 0
2 years ago
Every person I have ever met says their favorite pizza is pepperoni pizza. Therefore, I can assume that everyone I ever meet wil
oksano4ka [1.4K]

Answer:

Inductive reasoning

Explanation:

This type of reasoning is considering generalization that is formed and based on some previous experiences and with that previous experiences the observation that is made is forming an inductive reasoning.

In this case, the person met many of them who says that their favorite pizza is pepperoni and then every time that someone say that they love pizza, this person will think of pepperoni pizza because of the previous experiences that caused those observations.

4 0
3 years ago
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