Answer:
$415 underapplied (debit balance)
Explanation:
Predetermined OH rate =
$116,500/$124,500 = 93%
OH applied = $114,500(.93)
= $106,485
Applied $106,485– Actual $106,900
= $415 underapplied (debit balance)
Therefore the entry to close the over- or underapplied overhead at year-end, assuming an immaterial amount, would include $415 underapplied (debit balance)
Answer:
D. the supplier will make a profit that would no longer belong to the business
Explanation:
A make or buy decision can be defined as a strategic approach pertaining to making the choice to either produce (manufacture) a product in-house (internally) or purchasing the product from an external supplier. Thus, the make component typically deals with producing the product internally while the buy component strictly has to do with outsourcing or purchasing from an external supplier.
Some of the factors to be considered in a make or buy decision are;
I. Cost savings.
II. Quality issues with the supplier.
III. Future growth in the plant and other production opportunities.
Hence, all of the aforementioned should be considered in a make or buy decision except whether the supplier will make a profit that would no longer belong to the business.
When one group controls an industry or market by being the only provider, this is called MONOPOLY.
Mono - Greek monos means one or single
Poly - Greek polein means to sell.
Monopoly is a market where only one sells a certain good or service. In this type of market there is no competition thus the monopolist is not driven to improve his commodity because consumers have no other choice but to buy his product.
Answer:
task-focused; employee-focused
Explanation:
Answer:
true
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP can be calculated using the expenditure approach.
GDP = Consumption spending + Investment + Government Spending + Net Export
GDP of the US for the 3rd quarter of 2019 was $5,385,635 million
I hope my answer helps you
