Answer:
Option (C) is correct.
Explanation:
Given that,
Estimated overhead cost = $1,540,000
Estimated direct labors (in dollars) = $3,360,000
Estimated direct labor hours = 240,000
Actual overhead cost = $1,240,000
Predetermined overhead rate:
= Estimated overhead cost ÷ Estimated direct labor hours
= $1,540,000 ÷ 240,000
= $6.42 per direct labor hour
Answer:
GDP as Gross Domestic Product
Explanation:
GDP termed as or stands for Gross Domestic Product, which is a broadest measure of total or aggregate economic activity of the nation in the terms of quantitative evaluation.
GDP states the monetary value of all the services and goods or products with the geographic borders of the nation over the particular period or time.
So, in this case, the aggregate value of all the goods and services by which the economic condition is assessed is referred to as GDP (Gross Domestic Product).
Answer:
b. Cash receipts journal.
Explanation:
When cash will be collected from customers net of discounts cash receipts journal will be used.
As at time of sale customers account will be debited and at the time when the payments will be received cash receipts journal will be debited and customer's account will be credited and accordingly, since cash is received and specific it is, General Journal will not be affected, and cash disbursements journal will also not be affected.
Also, as there are no purchases purchase journal will also not be affected, and sales journal will be affected at time of sale but not at he time of receiving payments from customers.
Thus, correct answer is
b. Cash receipts journal.
Answer:
The false statement is letter "A": The effect of compounding is great over short time periods, but then it begins to decline as the horizon grows.
Explanation:
Interest on interest or Compound Interest is the money accrued out of an interest rate plus all the interest earned accumulated on a certain period of time. The compound interest can be calculated on a daily, monthly or yearly basis. If the frequency of the compound interest is set in shorter periods of time, it will be more beneficial for the investor.
In that sense, option letter "A" is false since interest on interest does not decline over time but increases.
Answer:
60.11%
Explanation:
Weight of stock C = Value of stock C / total value of portfolio
225 x $42 / (225 x $42) + (190 x $33) = $9450 /15720 = 60.11%
