All categories

2 years ago

Which of the following account records would have the most current

Business

1 answer:

Alik [6]2 years ago

4 0

Answer:All

Explanation:All would have to be the same as they are calculated by the bank with every transaction except your own register which should match if you are keeping it up to date.

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Why do buissness complete an a free enterprise system ?

Kitty [74]

Here u go this is really helpful I just had this question yw

3 0

3 years ago

Folio Company estimates total manufacturing overhead costs to be $80,000 for the year and estimates direct labor hours to be 4,0

gregori [183]

Answer:

Allocated Overhead= $76,000

Explanation:

Giving the following information:

Estimated overhead for the period= $80,000

Estimated direct labor hours= 4,000 for the same period

Actual direct labor hours for the period are 3,800.

<u>First, we need to calculate the estimated overhead rate. Then, we can determine the amount of overhead allocated to work in process for the period.</u>

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 80,000/4,000= $20 per direct labor hour

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 20*3,800= $76,000

8 0

3 years ago

When there is a high inventory turnover, there is an increase in sales because: a) more money is available to buy new merchandis

german

Answer:

The answer is C.

Explanation:

Inventory turnover is a measure of the number of times inventories are sold during a period of time usually a year.

To calculate inventory turnover:

Cost of goods sold ÷ average inventory

High inventory turnover means that the company's product is in high demand and when the product is in high demand, it means there is an increase in sales.

An increase is demand means new inventory or merchandise are continually available and continually bought.

7 0

3 years ago

Read 2 more answers

Croft Corporation produces a single product. Last year, the company had a net operating income of $89,000 using absorption costi

Maksim231197 [3]

Answer:

21,200 units

Explanation:

For determining the sales, first we have to compute the net operating income difference which is shown below:

= Net operating income under absorption costing - Net operating income under variable costing

= $89,000 - $74,600

= $14,400

Now the inventory units increased by

= $14,400 ÷ 12 per unit

= 1,200 units

And, the production units are 22,400

So, the sales would be

= 22,400 units - 1,200 units

= 21,200 units

This is the answer and the same is not provided in the given options

4 0

3 years ago

There was an example earlier where Flo Haysbert only contacted college students from Central-Ohio for research on automobile ins

kotykmax [81]

The issue will undermine the following results: the use of a stratified random sample, the wording of questions, and the under-coverage of data.

<h3 /><h3>What do you mean by population data?</h3>

Population statistics is described as a fixed of individuals who share a feature or set of these. A populace is specially decided with the aid of using geographies, together with all people in California, or all people withinside the United States.

Demographers (those who observe human populations) categorize this as the natural populace.

Therefore, The issue will undermine the following results: use of a stratified random sample, the wording of questions, and under-coverage of the population data.

Learn more about population data:

brainly.com/question/4694738

#SPJ1

6 0

2 years ago