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3 years ago

Which of the following is true?

Business

1 answer:

shepuryov [24]3 years ago

5 0

Answer:

The correct answer is letter "A": Overhead costs are often affected by many issues and are frequently too complex to be explained by any one factor.

Explanation:

Overhead is an accounting term used for costs that must be paid, even though the company receives no profits. A company would not be able to survive without paying its overhead expenses but the costs are not connected directly to a product or service being generated. Examples of overhead costs are rent, utilities, office supplies, and maintenance.

Overhead costs are difficult to be traced because they can be assigned to more than one factor.

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Patrick is a recent college grad and works full time. He lives in an apartment with his best friend. His share of the rent is $4

Firlakuza [10]

Answer:

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3 years ago

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On January 1, Wei company begins the accounting period with a $45,000 credit balance in allowance for doubtful accounts. a. On F

GrogVix [38]

Answer:

The Journal entry and their narrations is shown below:-

Explanation:

1. Allowance for doubtful accounts Dr, $9,800

To Account receivable-Oakley Co. $2,400

To Account receivable-Brookes Co. $7,400

(Being write off is recorded)

2. Account receivable-Oakley Co. Dr, $2,400

To Allowance for doubtful accounts $2,400

(Being amount reinstated is recorded)

3. Cash Dr, $2,400

To Account receivable-Oakley Co. $2,400

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3 years ago

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When the "invisible hand" guides economic activity, prices of products reflect______________.

FinnZ [79.3K]

Answer:

b) both the values that society places on those products and the costs to society of producing those products

Explanation:

When the "invisible hand" guides economic activity, prices are known as equilibrium prices.

Equilibrium price is found where the demand curve intersects with the supply curve .

Equilibrium price is the price where both the value that society places on those products and the costs to society of producing those products are equal.

I hope my answer helps you

7 0

3 years ago

On July 1, Dichter Company obtained a $2,000,000, 180-day bank loan at an annual rate of 12%. The loan agreement requires Dichte

belka [17]

Answer: 12.67%

Explanation:

The effective interest rate on a borrowing is the net annual interest cost divided by the net available proceeds from the borrowing. Dichter gross annual interest cost is $240,000 ($2,000,000 x 12%). Dichter is required to maintain a compensating balance of $400,000, which is $200,000 more than their normal balance of $200,000. Therefore, Dichter earns incremental annual interest revenue of $12,000 ($200,000 x 6%) on the excess compensating balance. The net annual interest cost is $228,000 ($240,000 - $12,000). The net available proceeds from the borrowing is $1,800,000 ($2,000,000 loan less $200,000 excess compensating balance). Therefore, the effective annual interest rate is 12.67%

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3 years ago

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Which factor would not cause the demand curve for green tea to shift to the right? a decrease in the price of green tea a decrea

ratelena [41]

the answer ia decrease in the price of green tea
A demnad curve will shift to the right if the product is experiencing an increase in demand.
research that show a positive result of consuming the product, and the reduction of complement product would increase the overall demand of that product.

Reduction in the product's price usually followed by the reduction in supply and does not guarantee the demand curve to move to the right.

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