An investment banker who earns more than $1 million a year, a food service worker who makes minimum wage, and a teacher with a salary of $50,000 per year represent the presence of social <u>inequality </u>within society.
<h3>What is inequality?</h3>
Inequality can be defined as the way in which income or wealth are not distributed equally in a society as some people earn more than others.
Hence, their is the presence of social inequality within a society if a investment banker earn $1 million a year, a food service worker makes minimum wage, and a teacher earn $50,000 per year.
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Answer:
B sends another licensee
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Answer:
under applied overhead
Explanation:
In the case when the applied overhead i.e. computed by mutiplying the actual direct labor or actual machine hours with the predetermined overhead rate is lower than the actual overhead so this represent the under applied overhead
Hence, the given situation represent the under applied overhead
Answer:
False
Explanation:
The revenue recognition principle dictates that revenue is recognized in the period in which it is <em>earned</em>. For example, assume a landscaping company performs lawn care service for one of its clients on December 28, invoices the client on January 2, and receives payment on February 1. The revenue recognition principle dictates that the company recognize the associated revenue when it was <em>earned</em> on December 28 regardless of when the client was invoiced or payment was received.
Answer: b. Appraisal cost
Explanation: Appraisal cost, also known as inspection costs, are those costs incurred by a company, as part of the quality control process, to detect defective products before the products are moved to the market, in order to meet consumers' expectations.
This is done because the losses that will be made when defective products are sold, outweigh the appraisal costs.
Therefore, Sanford Corp. has incurred appraisal cost in buying the new technological systems, knowing that if the quality of the Company's products is not up to consumer standards, the losses that will be incurred will surpass that of the appraisal cost.
