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Rufina [12.5K]
3 years ago
14

The following is the data for Lauren Enterprises:

Business
1 answer:
vovangra [49]3 years ago
8 0

Answer:

b. $965,000

Explanation:

Calculation of Cost of Goods Manufactured

Particulars                                      Amount

Direct material used                     $265,000

Direct labor                                   $300,000

Factory overhead                         <u>$400,000</u>

Total manufacturing cost           <u>$965,000</u>

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Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transacti
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Answer:

The following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States

B) The costs of overfishing and other overly intensive uses of resources.

C) The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

D) The leisure time enjoyed by Americans

Explanation:

GDP is a tool that is used to measure a nation's economic performance, However, it has limitations due to its exclusion of non-market transactions.

  1. The limitations identified can be summarized as:
  2. GDP does not incorporate any measures of welfare.
  3. GDP only includes market transactions.
  4. GDP does not describe income distribution.
  5. GDP does not describe what is being produced.
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6 0
3 years ago
When paying your bills, it is most financially beneficial to make larger payments to:___________.
gulaghasi [49]

Answer:

to those outstanding payments which have highest interest rates.

Explanation:

If we pay and settle more outstanding bills now which have high interest rates it will save us from interest which will be charged in future for delayed payment as it will by multiplied by number of days or months for which it has been delayed.

So if we are not paying high interest outstanding bills it will cost us more in future by high interest amount added to the bill amount.

8 0
3 years ago
Which statement is supported by the information in the
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Answer:C. The price per stock declined from 2008 to 2009

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5 0
2 years ago
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Wang Company began operations on January 1, 2018, by issuing common stock for $70,000 cash. During 2018, Wang received $88,000 c
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Answer:

Wang Company

Statement of financial position

Equity and liabilities

Issued share capital  $70,000

Retained earnings     $45,000

                                   115,000

Assets

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Fixed assets               $22,000

Current assets

Cash in hand               $93,000

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Wang company

Income statement

Net sales                      $88,000

Cost of sales                 $38,000

Gross margin                $50,000

Less:admin expenses   $5,000

Net Profit                       $45,0000

3 0
3 years ago
How Taxation and Legislation impact positively and negatively on a company.
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Taxation decreases the income earned by a firm by 28% it means this affects the business negatively and when taxation is paid it positively improve the economic growth
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