Answer:
The answer is B. $45.00 per hour; $120.00 per hour
Explanation:
highminusoutput
Fixed costs 400000/16000= $25
variable costs 320000/16000= $20
Total <u>=$45</u>
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lowminusoutput
Fixed costs 400000/4000 = $100
variable costs 80000/4000 = $20
Total =<u>$120</u>
Answer:
The Correct Statements regarding an adjusted trial balance and its use in preparing financial statements are:
1. The adjusted trial balance includes all accounts and balances appearing in financial statements.
3. Financial statements are easier to prepare using the adjusted trial balance than the general ledger.
5. The ending Retained Earnings account balance on the balance sheet is transferred from the statement of retained earnings.
6. The income statement is the first financial statement prepared after preparing the adjusted trial balance.
Explanation:
a) The above answers leave the following incorrect statements about the adjusted trial balance:
2. The ending Retained Earnings account balance on the balance sheet is taken directly from the adjusted trial balance.
4. The balance sheet is the first financial statement prepared.
b) In conclusion, the adjusted trial balance, which lists the general ledger account balances, is compiled after considering period-end adjustment entries, in line with the accrual concept and the matching principles of generally accepted accounting principles.
Answer:
A. a growing industrial economy
D. a focus on agricultural activity
Explanation:
The economies of developing countries are characterized by;
a growing industrial economy
a focus on agricultural activity
Answer: Option (D) is correct.
Explanation:
A good is said to be rival in nature if the consumption of that good by one individual will impact the availability of good for the others. This means that less quantity will be available for the others.
For instance, if a city has only one fire station, two fire trucks and four firefighters then it is characterized as rival in consumption because consumption of fire protection by one individual will make the fire protection unavailable for the others, due to its limited availability.
Suppose if there is an emergency call received from about 15 houses then the fire protection have to choose 3 or 4 houses among them because of limited resources. This shows that fire protection is unavailable for others.
It should be noted that the percent of the public debt that was held by the U.S. government is 37 percent.
<h3>What is public debt?</h3>
Public debt simply means the total amount or total liabilities, that is borrowed by the government in order to meet its development budget.
In 2018, about 37 percent of the U.S. public debt was held by the U.S. government and Federal Reserve.
Learn more about public debt on:
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