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QveST [7]
3 years ago
12

Required information

Business
1 answer:
Bezzdna [24]3 years ago
8 0

Answer:

Total allocated costs= $19

Explanation:

<u>First, we need to calculate the predetermined manufacturing overhead rate for each department:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Assembly= 390,000 / 390,000= $1 per machine hour

Finishing= 581,100 / 149,000= $3.9 per direct labor hour

<u>Now, we can allocate overhead:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Assembly= 1*3.4= $3.4

Finishing= 3.9*4= $15.6

Total allocated costs= $19

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The recessions accompanied by a financial crisis are more severe than recessions that do not involve bank crises because O A. pe
Dafna11 [192]

Answer:

The correct option is d)

bank failures reduce the money supply, increase the interest rate and cause high inflation .

The correct option for the second question is a)

caused partly by the increase in government spending including spending to bail out failed financial institutions and by the deep decline in tax revenues as incomes and profits fell.

Explanation:

The recessions accompanied by a financial crisis are more severe than recessions that do not involve bank crises because ;

bank failures reduce the money supply, increase the interest rate and cause high inflation.

The large budget deficits of $1.4 trillion in fiscal year 2009 and $1.3 trillion in fiscal year 2010 were

;

caused partly by the increase in government spending including spending to bail out failed financial institutions and by the deep decline in tax revenues as incomes and profits fell.

7 0
3 years ago
Double taxation is a disadvantage of a corporation because the corporation has to pay income taxes at twice the rate applied to
Murrr4er [49]

Answer:

given statement is false

Explanation:

solution

the given statement is false because here  Double Taxation meaning that income are taxed in the hand  of corporation and then in the hand  of shareholders  

when dividends is distributed that does not meaning that the corporation pay  double the tax of partnerships

so we can say given statement is false

6 0
4 years ago
The discount rate is the interest rate on loans that the Federal Reserve makes to banks. Banks occasionally borrow from the Fede
____ [38]

Answer:

Explanation:

The discount rate is the interest rate on loans that the Federal Reserve makes to banks. Banks occasionally borrow from the Federal Reserve when they find themselves short on reserves. A lower discount rate increases banks' incentives to borrow reserves from the Federal Reserve, thereby increasing the quantity of reserves in the banking system and causing the money supply to rise.The federal funds rate is the interest rate that banks charge one another for short-term (typically overnight) loans. When the Federal Reserve uses open-market operations to sell government bonds, the quantity of reserves in the banking system increases banks' demand for borrowed reserves declines, and the federal funds rate decreases

4 0
3 years ago
Marriott International is a worldwide operator, franchisor, and licensor of hotels, residential, and timeshare properties totali
vlabodo [156]

Answer:

Net Book Value of furniture:

= Cost price - Accumulated depreciation

= 8,000,000 - 7,700,000

= $300,000

a. $300,000 cash

        Account Title                                                        Debit                Credit

        Cash                                                               $300,000

        Accumulated Depreciation                         $7,700,000

        Furniture                                                                                 $8,000,000

b. $900,000 cash

       Account Title                                                        Debit                Credit

        Cash                                                               $900,000

        Accumulated Depreciation                        $7,700,000

        Furniture                                                                                 $8,000,000

       Gain on disposal                                                                      $600,000

c. $100,000 cash

       Account Title                                                        Debit                Credit

        Cash                                                               $100,000

        Accumulated Depreciation                          $7,700,000

       Loss on Disposal                                            $200,000

       Furniture                                                                               $8,000,000

3 0
3 years ago
Andrew sold IBM stock to his sister Susan for $6,000. Andrew purchased the stock two years ago for $8,000. Susan sold the stock
klasskru [66]

Answer:

c. $1,300 gain

Explanation:

In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.

$7,300 - $6,000 = $1,300

6 0
3 years ago
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