Answer:
The correct answer is: emotional intelligence.
Explanation:
To begin with, the concept of<em> "emotional intelligence"</em>, in the field of business, refers to the capability of individuals to recognize their own emotions and also the ones of the others around him, in order to use that information with the purpose of guiding or leading the thinking and behavior of the group or team in order to establish better results when working together as a whole. That is why, when your boss is making an intentional effort to understand the emotions of all the office and use that information to assign the teams, then he is using the emotional intelligence to work better.
Answer:
a) $17.70
Explanation:
The computation of the predetermined overhead rate is shown below:
But before that we need to do the following calculations
Applied manufacturing overheads is
= $13,850 + $294,130
= $307,980
And,
Applied manufacturing overheads is
= predetermined overhead rate × Actual direct labor hours
Hence predetermined overhead rate is
= $307,980 ÷ 174,00 hours
= $17.70
Therefore, the correct option is d. $17.70
Answer:
if the loss is less than fixed costs
Price exceeds the average variable cost.
Explanation:
If a business is making losses and wants to shut down operations, it will need to keep paying the fixed cost component.
In a case where the loss made from running the business is less than the fixed cost that will be incurred, it is better for the business to keep producing in the short run. The cost of closing up will be higher.
Also the business should stay open if the price of a product is higher than its average variable cost. This is because as production increases the positive contributing margin will eventually exceed cost incurred. This can be achieved by scaling production upward.
Answer:
The journal entry to record this should be:;
July 1, Year 202x, cash received as deferred revenue
Dr Cash 7,500
Cr Deferred revenue 7,500
Explanation:
Accrual accounting states that both revenues and expenses must be recorded during the periods that they actually occur, and not necessarily when any cash transfer is associated to them.
In this case, the adjusting entry for accrued revenue on December 31 should be:
December 31, year 202x, accrued revenue
Dr Deferred revenue 1,875
Cr Service revenue 1,875
