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3 years ago

Faughn Corporation has provided the following data concerning manufacturing overhead for July:

1 answer:

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Answer: D. Manufacturing overhead was underapplied by $10,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $253,000

Explanation:

The Manufacturing overhead applied is less than the actual manufacturing overhead incurred by:

= 79,000 - 69,000

= $10,000

Manufacturing overhead is therefore underapplied as the amount applied is too low to cover the amount incurred.

The Cost of Goods sold after closing out is:

= Cost of goods sold before closing out + Underapplied manufacturing overhead

= 243,000 + 10,000

= $253,000

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Informative advertising :

astra-53 [7]

Answer: c. is designed to describe a product’s characteristics and is usually associated with search goods.

Explanation: Advertising is a commercial solicitation designed to sell some commodity, service or similar with the aim to inform, persuade and to remind. Informative advertising is designed to describe a product’s characteristics, is usually associated with search goods and creates awareness of brands, products, services, and ideas. Thus, it announces new products as well as educating the target audience about the various attributes and benefits of the product.

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3 years ago

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The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a(n) __

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The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a behavioral appraisal.

<h3>What is behavioral appraisal ?</h3>

Behavioral appraisal is usually focus on specific actions that are related to the job it usually define desired parameters of the action s in the job .

In this case, The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a behavioral appraisal.

Learn more about behavioral appraisal on:

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1 year ago

Explain the roles of monetary and fiscal policy in causing and ending hyperinflation.

german

Answer:

Explanation:

Hyperinflation occurs when the prices of goods and services increases very rapidly. This situation is stirred up when the federal government in a country prints more money in order to finance their fiscal budget, this leads to increase in price coupled with inflation, this is as a result of increase in the supply of money.

The government is supposed to secure the supply of money in order to reduce inflation instead of printing more money. Consumers that understands what this means anticipates increase in price, this makes them buy more before the eventual increase in price.

Note that during hyperinflation debtors benefits, because their debt becomes worthless due to increase in price.

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3 years ago

Chris has three options for settling an insurance claim. Option A will provide $1,500 a month for 6 years. Option B will pay $1,

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Answer:

<u><em>Option B. $1,025 a month for 10 years.</em></u>

Explanation:

Calculate the present value of each option:

$\text{Monthly rate: } 6.8\%/12 = 0.068/12 = 0.005\overline 6$

Formula:

$PV=C\times \bigg[\dfrac{1}{r}-\dfrac{1}{r(1+r)^t}\bigg]$

Where:

PV is the present value of the constant monthly payments
r is the monthly rate
t is the number of moths

<u>1. Option A will provide $1,500 a month for 6 years. </u>

$PV=$\ 1,500\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(6\times12)}}\bigg]$

$PV=\$ 88,479.23$

<u>2. Option B will pay $1,025 a month for 10 years. </u>

$PV=$\ 1,025\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(10\times12)}}\bigg]$

$PV=\$ 89,068.22$

<u>3. Option C offers $85,000 as a lump sum payment today. </u>

<u></u>

PV = $85,000

<h2 /><h2> Conclusion:</h2>

The present value of the<em> option B, $1,025 a month for 10 years</em>, has a the greatest present value, thus since he is only concerned with the <em>financial aspects of the offier</em>, this is the one he should select.

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3 years ago

The FASB and IASB are attempting to resolve the differences between U.S. GAAP and IFRS using a process known as

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The answer for this question is: Convergence
Convergence is a form of action that will transform a certain difference between two parties into one uniformity.
This step is really important so the accountant that operates all around the world will have the same standard to conduct in handling their financial operations.

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3 years ago