Answer:
False
Explanation:
Usually distributions reduce a partner's outside basis in a partnership, they are generally not considered income. Since most distributions are not considered income, they do not result in gains for the partner. Some distributions may result in gains, such as certain cash distributions or securities (bonds) distributions. It is uncommon for a gain to result from property being distributed.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Fixed manufacturing overhead cost of $497,000, variable manufacturing overhead of $2.40 per direct labor-hour, and 70,000 direct labor-hours.
T 498:
Total direct labor-hours 80
First, we need to calculate the estimated manufacturing overhead rate for the period:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= (497,000/70,000) + 2.4= $9.5 per direct labor hour.
Now we can allocate the overhead to Job 498:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 9.5*80= $760
Saves more than it spends.
The correct answer to this question is letter "b. it makes production more efficient." Specialization benefit an economy is that <span>it makes production more efficient. In this way, specialization will help the company to focus on a specific product and make the production to be efficient. </span>
Answer:
Barrier to entry
Explanation:
Barrier to entry is defined as an economic barrier or obstacle set in place to deter new competitors from entering a market easily. It can also be said to be a fixed cost or set of conditions put in place for any new entrant into a market.
These barrier to entry include restriction of licenses, high cost of starting up the business among other things.
The sole reason for creating a barrier to entry is for existing firms in the market to make profits and protect their revenues as well.
Barrier to entry can either be zero barrier, medium barrier, high barrier or very high barrier. All of these depends on the type of market that the entrant is trying to break into.
I hope this helps.
