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ratelena [41]
3 years ago
9

Indirect labor includes:_________ (You may select more than one answer. Single click the box with the question mark to produce a

check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
a. labor of employees working directly on the product.
b. labor of the maintenance employees.
c. labor of the clerical staff.
Business
1 answer:
ch4aika [34]3 years ago
3 0

Answer:

b labor of the maintenance employees

c labor of the clerical staff

Explanation:

During the production or composition of finished goods, some form of labors are directly or indirectly involved in the manufacturing of such finished product. Where labor is not readily traced to the manufacturing of finished product, such is known as indirect labor.

On the other hand, labor that is directly involved in the composition of finished product is known as direct labor. Examples of indirect labor are ; wages of supervisors , clerical staff, general helpers , material handlers and maintenance workers.

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Suppose the required reserve ratio is 8% and the fed purchases $100 million worth of treasury bills from wells fargo. by how muc
Setler [38]
8 million
hope this helped
3 0
3 years ago
Which financial document is used to look at the past & see how much you made & where it went?
Ludmilka [50]

Answer:

Statement of cash flow

Explanation:

Statement of cash flow is a the financial document which is used to look at the past & see how much you made & where it went.

It consists of the entire data of the reconciling of the cash flow from the beginning of the period till the end of that period. It starts off with the net income and throughout its way, acknowledges the income spent, acquired, depreciation, loans, assets and expenses etc and shows it on the statement.

8 0
3 years ago
Three different companies each purchased trucks on January 1, 2018, for $56,000. Each truck was expected to last four years or 2
katrin2010 [14]

Answer:

1. Company A, Retained earnings = $32,000

2. Company B, Retained earnings = $42.000

3. Company C, Retained earnings = $30,024

Explanation:

Requirement 1

<em>Company A</em> = Straight-line depreciation method

We know, Depreciation expense under straight-line depreciation method = (Purchase value of truck - Salvage value) ÷ useful life.

Depreciation expense = ($56,000 - $4,000) ÷ 4

Depreciation expense = $13,000

We know that under straight-line depreciation method, depreciation expense remains same in each year. That means, 2021 depreciation expense = $13,000

Net Income in 2021 = Total revenue - Depreciation expense (assume there is no other expenses)

Net Income in 2021 = $45,000 - $13,000 = $32,000

Therefore, Retained earnings = Beginning retained earnings of 2021 + net income - dividend. (Assume there is no dividend and beginning retained earnings).

Retained earnings = 0 + $32,000 - 0 = $32,000

Requirement 2

<em>Company B</em> = Double-declining depreciation method

We know, Depreciation expense under straight-line depreciation method = (Purchase value of truck ÷ useful life) × 2.

Depreciation expense = ($56,000 ÷ 4) × 2.

Depreciation expense for 2018 = $28,000

We know that under double-declining depreciation method, depreciation expense changes in each year. Therefore, we have to calculate 2019-2021 depreciation expense.

2019 depreciation expense = ($56,000 - 28,000) × 2/4

2019 depreciation expense = $28,000 × 2/4 = $14,000

Book value of truck = $28,000 - $14,000 = $14,000

2020 depreciation expense = $14,000 × 2/4 = $7,000

2021 depreciation expense = $(14,000 - $7,000) × 2/4 = $3,500.

As it is higher than the salvage value, we have to take <em>$3,000 as depreciation expense for 2021</em>. The calculation has been given below:

Total Accumulated depreciation = $28,000 + $14,000 + $7,000 + $3,500 = $52,500

Cost price = $56,000

Salvage value = $4,000

Therefore, book value = $56,000 - $52,500 = $3,500. It exceeds the salvage value, therefore, we have to deduct 500 to keep the expense same.

Net Income in 2021 = Total revenue - Depreciation expense (assume there is no other expenses)

Net Income in 2021 = $45,000 - $3,000 = $42,000

Therefore, Retained earnings = Beginning retained earnings of 2021 + net income - dividend. (Assume there is no dividend and beginning retained earnings).

Retained earnings = 0 + $42,000 - 0 = $42,000

Requirement 3

<em>Company C</em> = units-of-production depreciation method

We know, Depreciation expense rate under units-of-production depreciation method = (Purchase value of truck - Salvage value) ÷ useful usage.

Depreciation expense rate = ($56,000 - $4,000) ÷ 250,000

Depreciation expense rate = $0.208

Depreciation expense for 2021 = $0.208 × 72,000 miles = $14,976

Net Income in 2021 = Total revenue - Depreciation expense (assume there is no other expenses)

Net Income in 2021 = $45,000 - $14,976 = $30,024

Therefore, Retained earnings = Beginning retained earnings of 2021 + net income - dividend. (Assume there is no dividend and beginning retained earnings).

Retained earnings = 0 + $30,024 - 0 = $30,024

3 0
3 years ago
Which of the following is not true of both firms in monopolistic competition and firms in perfect​ competition? A. Both types of
ivanzaharov [21]

Answer:

 A. Both types of firms produce at minimum ATC.

Explanation:

A monopolistic competition is when there are many buyers and sellers of differentiated goods and services.

A monopolistic competition is characterised by little or no barriers to entry or exit of firms. In the short run, if a firm is earning economic profit, in the long run, firms enter into the industry and drive economic profit to zero. Also, if the short run, firms are earning economic loss, in the long run, firms would leave the industry and economic profit would be zero.

A monopolistic competition doesn't produce at minimum ATC and as a result it operates with excess capacity.

A perfect competition is characterised by many buyers and sellers of homogenous goods and services.

There are no barriers to entry or exit of firms into the industry. So firms make zero economic profit in the long run.

It produces at minimum atc and where Mr equals mc.

I hope my answer helps you

7 0
3 years ago
Match each scenario with its effect on the PPC.
NARA [144]
<span>- A manufacturing unit uses all its resources efficiently. </span>A point on the original PPC<span>

- Andrew has 5 hours to complete his homework but uses only 3 hours, so he doesn’t complete it. T</span><span>he PPC shifts to the left
</span><span>
- A country acquires part of its neighboring country. T</span>he PPC shifts to the right
5 0
3 years ago
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