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3 years ago

QUESTION ONE (1)

Business

1 answer:

Hunter-Best [27]3 years ago

3 0

Y’all really be posting the whole passage on here, at this point y’all are just lazy to actually work it out

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The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports

lozanna [386]

Answer:

The amount of Purchasing department expense to be allocated to Fabrication is $31,500.

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question as follows:

Purchasing Maintenance Fabrication Assembly

Operating costs $42,000 $24,000 $106,000 $72,000

No. of purchase orders 15 5

Sq. ft. of space 3,800 2,200

The explanation of the answer is now given as follows:

Amount allocated to Fabrication = Purchasing department expense * (No. of purchase orders by Fabrication / (No. of purchase orders by Fabrication + No. of purchase orders by Assembly)) = $42,000 * (15 / (15 + 5)) = $31,500

Therefore, the amount of Purchasing department expense to be allocated to Fabrication is $31,500.

8 0

3 years ago

The opposite of a country that has cultural diversity would be a country that is _____.

gayaneshka [121]

<span>The opposite of a country that has cultural diversity would be a country that is uniform and identical to one another. There are some countries that strive and promote diversity such as the United States. In the United States being diverse sets you apart from everyone else and allows people to be </span>individuals. However, there are some countries that disapprove of diversity and want to have uniform attributes between their citizens.

4 0

4 years ago

Read 2 more answers

GG Inc. uses LIFO. GG disclosed that if FIFO had been used, inventory at the end of 2021 would have been $16 million higher than

g100num [7]

Answer:

In a situation where FIFO had been used, its reported net income for 2020 would have been $12 million higher than using LIFO for its financial statements.

Explanation:

The Ending Inventory of 2020 would have been $16 million higher in a case where FIFO had been used.

Hence, The Higher ending inventory will tend to means the lower cost of goods sold as well as the higher income which means that if FIFO had been used,the income of 2020 would have been higher by $16 million.

Income tax rate = 25%

The first step is to calculate for the Increase in Income tax expense

Using this formula to calculate for the Increase in Income tax expense

Increase in Income tax expense = Increase in Income x Income tax rate

Let plug in the formula

Increase in Income tax expense= 16 x 25%

Increase in Income tax expense= $4 million

The second step is to calculate for the Increase in Income net income

Using this formula

Increase in net income = Increase in income - Increase in Income tax expense

Let plug in the formula

Increase in net income = 16 - 4

Increase in net income = $12 million

Therefore in a situation where FIFO had been used, its reported net income for 2020 would have been $12 million higher than using LIFO for its financial statements.

3 0

3 years ago

what should you use to make sure that the workflow continues no matter what activity fails__________.

Ivahew [28]

Answer:

Try/Catch Activity

Explanation:

The progress of each activity in a workflow ensure that the project does not stop and it completed as planned. When certain activities/activity in the workflow fails, continuation is possible and this continuation is ensured by setting Try/catch activities within the workflow.

The Catch activity is a set of activity or activities that is lined up to try when an error occurs.

The Try activity is a set of activity that is performed but that has a chance of running into error.

Cheers.

3 0

3 years ago

When perpetual inventory records are kept, the results under the fifo and lifo methods are the same as they would be in a period

lisov135 [29]

<span>No, I disagree with the given statement because only the results under FIFO method remain same in both perpetual and periodic inventory systems of inventory recording while the results under LIFO method may vary. This is because the cost of goods available for sale changes under LIFO method.</span>

7 0

3 years ago