Answer:
Explanation:
The following statement is false and true
1. Indirect costs are traced to cost objects - This statement is false because it is not directly traced to the cost objectives. It is traced through the cost drivers.
2. Yes, this statement is true because the cost drivers are used to allocate the indirect cost to their cost objects
3. Yes, this statement is true because for computing the allocation rate, we have to divide the total allocation cost to its allocation base
4. Yes, this statement is true because the cost drivers play very important for cost allocation. Without cost drivers, the allocation of the cost would not be possible
5. This statement is false because depreciation should be allocated based on its useful life rather than the number of square feet because the number of square feet occupied is used to allocate the renting cost
Answer:
C. People related activities
Explanation:
People related activities form of management involves managing people in such a way as providing support and backing, recognizing efforts made and contributions delivered by members, developing employees technical abilities and empowering them to become problems solver. It involves conducting when making decisions. By encouraging workers to think critically, recognizing their achievements, and rewarding their efforts, Mark management views involves people related activities.
Answer:
Dr Bonds payable $90,300,000
Dr loss on early redemption of bonds $5,106,000
Cr Discounts on bonds payable $3,300,000
Cr Cash $92,106,000
Explanation:
The amount of cash paid to bondholders by calling the bonds is the 102% of the face value of $90.3 million i.e $90.3*102%=$92,106,000
The proceeds would debited to cash while the face value of the bond of $90.3 million would be debited to bonds payable account.
In addition the remaining discount of $3.3 million would credited to discounts on bonds payable account.
The loss or gain on the bond call can then be determined as appropriate.
Answer:
Due to the nature of its work production the function does not exist in case of oil refinery
Explanation:
Answer:
d. the price level will fall, and real GDP might rise, fall, or stay the same.
Explanation:
Suppose that the economy is at long-run equilibrium. If there is a sharp decline in the stock market combined with a significant increase in immigration of skilled workers, then in the short runa the price level will fall, and real GDP might rise, fall, or stay the same.
The certainty is that as immigration increases price level falls as a result of 2 things:
1. Immigration affects the prices of the inputs that are used to produce goods and services. Those inputs for which immigrant labor substitutes will suffer as the prices of their services fall. Therefore, an increase in the number of immigrants will generally decrease the wages of domestic unskilled workers.
2. Immigration affects the prices of the outputs of production process because as the number of workers increase, production ability and supply of goods and services increase and increased supply will definitely result in lower prices.
