Answer:
Cortina Company
Indication of the type of adjustment and the status of the accounts before the adjustment:
Type of adjustment (prepaid Status of the accounts before the
expense, accrued revenue, etc.) adjustment:
a. Usage adjustment Supplies Overstated by $1,200
b. Accrued Revenue Service Revenue understated by $700
c. Accrued Expense Interest Expense understated by $300
d. Earned Revenue Rent Revenue understated by $1,100
and Deferred Revenue overstated by
the same amount.
Explanation:
Cortina Company must recognize all revenue and expenses, whether cash has exchanged hands or not, provided they have been earned or incurred within the stated accounting period. This is in accordance with the accrual concept and the matching principle of generally accepted accounting principles.
Answer:
$15.3 per direct labor hour
Explanation:
Overhead costs are those costs which are incurred for the manufacturing of the product but not directly attributable to any product / service. It can be variable or fixed.
Formula for overhead costs = $65,000 + $14 per direct labor hour
Numbers of direct labor hours = 50,000 hours
Total Cost = $65,000 x ($14 x 50,000 ) = $765,000
Over head rate per direct labor hour = Total overhead cost / Numbers of direct labor hours = $765,000 / 50,000 = $15.3 per direct labor hour
Answer:

since 

Explanation:
U(q₁ q₂)

Budget law can be given by

Lagrangian function can be given by

First order condition csn be given by



From eqn (i) and eqn (ii) we have

Putting
in euqtion (iii) we have

since 

<em>According to the</em><em> strong version of efficient market theory,</em>
- <em>Instantaneously, </em><em>stock prices reflect both public and private information.</em>
- <em>There is</em><em> no advantage for insiders when choosing investments.</em>
<h3>
What exactly is the efficient market theory?</h3>
- Share prices, according to the efficient market hypothesis (EMH) or theory, accurately reflect all available information.
- According to the EMH, equities trade on exchanges at their fair market value.
- EMH proponents contend that investing in a low-cost, passive portfolio is advantageous for investors.
<h3>What significance does the efficient market hypothesis have?</h3>
The efficient market hypothesis adheres to liberal economic theory and has significant political ramifications. According to the efficient market hypothesis, stock prices are always traded at a "fair" market value, negating the necessity for any form of government involvement in the market.
learn more about efficient market theory here <u>brainly.com/question/14311423</u>
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Answer:
C. Businesses create goods for product markets to sell.
Explanation: