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3 years ago

Select the correct answer from each drop-down menu.

Business

1 answer:

OverLord2011 [107]3 years ago

7 0

Answer:

A personal budget provides a detailed account of income and expenses for a period.

Explanation:

A personal budget is a plan of how one intends to spend their income. It shows the source of income and the total on one side. The expenses are listed on a different side. Each expenditure item is listed and its estimated amount is indicated. The total of all incomes and expenses is shown on their respective sides.

A personal budget may be prepared for a regular income say monthly, weekly, or quarterly payments. It can also be prepared for irregular incomes such as loans, gifts, or bonuses.

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Olde Shoppe has the following information at August 31: times Two deposits made on August 31 were not on the bank statement, t

Reika [66]

Answer:

The adjusted book balance at August 31 is $13,824

Explanation:

The computation of the book balance is shown below:

= Cash balance + EFT payment on a note receivable + interest on the note - forgot to record check - check printing service fee - NSF check

= $11,667 + $2,830 + $150 - $643 - $80 - $100

= $13,824

The remaining transactions would be adjusted to bank balance

3 0

3 years ago

If oligopolists engaged in some sort of collusion, industry output would be _____ and price would be _____ than under perfect co

TEA [102]

Answer:

If oligopolists engaged in some sort of collusion, industry output would be smaller_____ and price would be _higher____ than under perfect competition.

8 0

3 years ago

Department G had 3,600 units, 40% completed at the beginning of the period, 12,000 units were completed during the period, 2,000

serious [3.7K]

Answer:

Equivalent Units Materials 10400

Equivalent Units Conversion 10960

Cost Per Equivalent Unit Materials $9.8365 

Cost Per Equivalent Unit D. Labor $ 7.2810 

Cost Per Equivalent Unit FOH $ 2.2992

Explanation:

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Complete 12000 100 100 12000 12000

Add EWIP 2000 100 20 2000 400

Less BWIP 3600 100 40 3600 1440

Equivalent Units 10400 10960 

In FIFO as the name suggests we take out the units first completed. So we deduct the Beginning Work in Process (BWIP) from the sum of completed units and ending work in process (EWIP).

Costs added during period: Direct materials Direct labor Factory overhead

(10,400 at $9.8365)

102,300 79,800 25,200

Equivalent Unit 10400 10960 10960

Cost Per Equivalent Unit $9.8365 7.2810 2.2992

3 0

3 years ago

At December 31, 2017 the following balances existed on the books of Beerbo Inc.: $1,200,000 BONDS PAYABLE $168,000 DISCOUNT ON B

Mazyrski [523]

Answer:

bonds payable 1,200,000

interest payable 30,000

loss on redemption 162,000

cash 1,224,000

discount on bonds 168,000

to record redemption of the bonds at 102

Explanation:

To know the gain or loss on redemption we will compare the cash disbursement wiht the carrying value fo the bonds

the vbonds are rescue at 102 which means 102% of the face value:

1,200,000 x 102/100 = 1,224,000 cash disbursement

carrying value of the bonds:

1,200,000 - 168,000 discount + 30,000 interest payable = 1,062,000

loss on redemption: 1,224,000 - 1,062,000 = 162,000

we will write-off the bonds related account and credit cash by the amount paid.

8 0

3 years ago

The impact of war and terrorism on U.S. business is that

N76 [4]

Answer:

A) fewer jobs will be created in the United States.

B) companies have increased organizational costs, including insurance costs.

C) there is less global trade.

Explanation:

When war and terrorism run rampant, there are a lot of economic sectors that would experience an increase in demand. Example of this would be tourism And hospitality industry. Nobody really want to have a vacation during wars. So this will made companies in this industry forced to cut off a lot of their employees.

During war, there are also a threat of attacks to the countries that might destroyed a lot of properties owned by the companies. This is why the insurance costs tend to be increased.

War and terrorism tend to resulted in several alliances between different countries. This also could make relationships between countries that previously act as trading partners became strained.

7 0

3 years ago