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2 years ago

An income statement under absorption costing includes which of the following: ______________

Business

1 answer:

ra1l [238]2 years ago

4 0

Answer:

a. Direct materials

b. Direct labor

c. Variable overhead

d. Fixed overhead

Explanation:

The absorption costing is the costing in which the income statement should includes all types of production cost i.e. direct material cost, direct labor cost, variable overhead and the fixed overhead

So as per the given statement, all the four types of costing should be involved while preparing the income statement under the absorption costing

Hence, all 4 options should be considered

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Ou buy 6 pounds of apples for $33. what is the cost of 10 pounds of apples?

KiRa [710]

Each pound of apple would be $5.50. you get that by dividing 33 by 6. so $5.50 by 10 pounds is $55

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3 years ago

Greg Downs recently has noticed that the plant he is managing is delivering only 30 percent of its products on time. To determin

strojnjashka [21]

Answer:

democratic/participative

Explanation:

Democratic leadership is also called participative leadership. In this type of leadership the supreme leader involves group member in decision making process. This foster participation, exchange of ideas which generates collective intelligence. it helps in not only making better decision making but also generates employee satisfaction by generating feeling of sense of belongingness.

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3 years ago

What most directly explains the boost in production of mccormick reapers?.

marishachu [46]

The adoption of interchangeable parts is the statement that directly explains the boost in production of mccormick reaper.

<h3>What is mccormick reaper?</h3>

The mccormick reaper is a mechanical mechanism that was created by Cyrus McCormick for farmers to harvest crops mechanically.

In conclusion, the adoption of interchangeable parts is the statement that directly explains the boost in production of mccormick reaper.

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1 year ago

Your friend Wanda established her gourmet dog treat business, Salty Pawz, using personal funds, since she initially sold her pro

denpristay [2]

Based on the advantages and disadvantages for each type of financing mentioned below, the best method for financing the expansion for Wanda's business is taking a loan (e.g. 1 year).

A term loan is best described as an amount provided by the bank for a fixed amount and a agreed payment schedule with an interest rate either fixed or floating.

The main advantage of a bank loan is that it would not be repaid on demand instead it would be paid back as per schedule within a period of 1 to 10 years. Another advantage is that you would only have to pay the bank the interest rate and not the company's profit or share.

The disadvantage is that when loans are taken, then the amount (principal) and interest is to be repaid even if the loan is not being used. Another possible disadvantage is that a loan can be obtained if you have any asset (such as a house or car) to be kept as security. This is a guarantee in the likely event the bank's loan is not repaid on time.

<u>Look for investors to fund her business in exchange for ownership in the company</u>

This means finding individuals/institutions to provide financing as capital to be used in business for expansion.

Unlike a bank loan, here the investors accept the risk that if the business fails then their financing would be lost. Therefore, if the business ends up in losses then the amount is not required to be returned to their respective financiers. Another advantage is that you don't require any credit history to earn financing through investors.

The main disadvantage is that the sharing (profits) are divided between multiple investors based on their investment or as per their agreed sharing ratio. Moreover, the new investors might prefer to take more risks for a business to grow and which means that the stakes are always high.

In conclusion, Wanda is working on a small business and which is expanding at a slow rate with the risk being kept at a bare minimum. In which case taking a loan with amount and duration being set at a point where she would be able to return the loan acquired, is a better financing option for Wanda's business.

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3 years ago

Which of the following conditions distinguishes monopolistic competition from perfect competition? a. the freedom of entry and e

MariettaO [177]

Answer:

d)product differentiation

Explanation:

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3 years ago