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3 years ago

A surplus can be best defined as:

Business

1 answer:

ohaa [14]3 years ago

8 0

Answer:

c) Having money left over after meeting your expenses

Explanation:

Surplus refers to having an excess of something. A surplus is when a person or a country has more of an item than they require.

From the choices provided, a surplus will be having money left over after meeting your expenses. This individual has more money than they need. The surplus amount is the remainder after meeting all the expenses. In business, excess money is saved or invested to generate more income. A country with surplus products exports to other countries.

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On December 31, 2015, Waterway Industries is in financial difficulty and cannot pay a note due that day. It is a $2900000 note w

iris [78.8K]

Answer:

(a) $210,000

(b) $351,500

Explanation:

(a) Given that,

Fair value of equipment = $1,440,000

Face Amount of the note = $1,230,000

Gain on sale:

= Fair value of equipment - Face Amount of the note

= $1,440,000 - $1,230,000

= $210,000

(b) Given that,

Accrued Interest Payable = $290,000

Interest rate = 5%

Gain on the partial settlement and restructure of the debt:

= Accrued Interest Payable + (Face amount of note × Interest rate)

= $290,000 + ($1,230,000 × 5%)

= $290,000 + $61,500

= $351,500

4 0

3 years ago

Swiss Furniture Company manufactures bookshelves and uses an activityminus−based costing system. The following information is pr

UkoKoshka [18]

Answer:

Cost of material handling and assembling per book shelf = $135.0811

Explanation:

Material Handling = $7,700 for 10,430 parts

Assembling = $10,600 for 10,430 parts

Packaging $2,640 for 1,490 bookshelves.

Each bookshelf consists 77 parts

We need to calculate material handling and assembling cost per book shelf.

Material handling cost per part = $7,700/10,430 = 0.738

Cost for 77 parts = 0.738 X 77 =$56.826

Assembling costs per part = $10,600/10,430 = $1.0163

Cost for 77 parts = $1.0163 X 77 = $78.2551

Cost of material handling and assembling per book shelf = $56.826 + $78.2551 = $135.0811

8 0

3 years ago

An alliance becomes "strategic" as opposed to just a convenient business arrangement when it serves all of the following strateg

lidiya [134]

Answer:

E) contracts out certain value chain activities that are normally performed in-house to outside vendors.

Explanation:

A strategic alliance usually serves the following purposes:

facilitate the achievement of an important business objective
helps to build, strengthen, or sustain a core competence or competitive advantage (option A)
helps to remedy an important resource deficiency or competitive weakness
helps to defend against a competitive threat, or lower a significant risk (option B)
increases bargaining power over suppliers or buyers (option C)
helps to open new market opportunities (option D)
speeds the development of new technologies and innovations

8 0

3 years ago

The Mountain Springs Water Company has two departments, Purifying and Bottling. The Bottling Department had 3,840 liters in begi

trapecia [35]

Answer:

Total equivalent units of materials = 64,652

Explanation:

Equivalent units are useful to apportion cost between work in progress and completed units. They are notional whole units which represent incomplete work

Equivalent Units = Degree of work completed (%) × inventory units

Fully worked = 64,880- 3,840= 61,040

Items units workings Equivalent units

Opening inventory 3,840 3840× 70% = 2,688

Fully worked 61,040 61,040× 100 = 61,040

Closing WIP 5,160 5,160× 70% = 3,612

Total equivalent units of materials 64,652

Total equivalent units of materials =64,652

4 0

3 years ago

Which group can receive millions in dollars in revenue from stadium parking?

qaws [65]

The process of developing, promoting, and distributing products?

7 0

3 years ago

Read 2 more answers