Answer:
The answer is True.
Explanation:
Because, then new firms will enter in the long run causing market supply to decrease, market price to fall , and profits to decrease.
Answer:
manufacturing overhead underallocated for the year $124,102.4
Explanation:
we distribute the expecte rate over the cost dirver
582,100 / 135,000 = 4.3185
150400 x 4.3185 = 649502.4 applied overhead
applied - actual = over or underappied
if actual > applied = underapplied
if actual < applied = overhead
525,400 - 649,502.4 = -124,102.4
6 times 5 is 30 the answer would be 6%
Answer:
A. $2,900
Explanation:
The computation of the office supplies was purchased during the period is shown below:
= Office supplies expense for the year + ending balance - beginning balance
= $3,100 + $400 - $600
= $2,900
For determine the purchase of office supplies, we added the ending balance and deduct the beginning balance to the office supplies expenses incurred for the year
Answer:
B.
Explanation:
Unearned revenue is money received for a job that hasn't been done yet. It's money for a future service that the company will give. Obviously, it's an advantage to the Company because from a Cashflow perspective.