Answer: This is a qualitative research design.
A qualitative research design is usually used when one wants to understand people’s experiences, that are not usually quantifiable.
This research design does not aim to build a model and predict values. Rather, <u>it’s aim is to explore and understand existing experiences. </u>
In a qualitative research design, the researcher decides the hypothesis that needs to be tested even before collecting the data. The researcher then collects the data, analyses it and interprets the results himself.
Answer:
$320,000
Explanation:
if allocated overhead was $95,100 and actual overhead was $120,500, then overhead costs were under allocated by $25,400 (= $120,500 - $95,100) and that must be added to cost of goods sold in order to determine the actual gross profit.
total sales revenue = $725,700
<u>total COGS = $380,300 + $25,400 = ($405,700)</u>
gross profit = $320,000
Household appliances and pension are exempt
second car and heirlooms are not
#platolivesmatter
Answer:
li siento no puesobhsdar las resouestav
<u>Solution:</u>
Deffered revenue means when an organization receives the payment prior to the goods delivered to conusmer. In the given case, business receives $3000 on 1, January for ten month service (From january to October).
<u>The revenue per month needs to be calculated:</u>
Revenue per month = Revenue for ten months divided by Total number of months
By putting the figures we get,
Revenue per month = $3000 divided by 10 = $300 per month
An adjusting entry needs to be passed:
Date Particulars debit credit
31st jan Unearned Revenue $300
Service Revenue $300
( Service revenue that has been collected in advance)