This is for business management, can anyone help me?

One of the great dangers in allocating common fixed Blank 1 of 1 costs is that such allocations can make a product line look les

lara31 [8.8K]

Answer:

One of the great dangers in allocating common fixed corporate costs is that such allocations can make a product line look less profitable than it really is.

Explanation:

Therefore, care must be exercised so that a product line is not eliminated because the common fixed costs have been allocated to it such that it becomes unprofitable. This is why it is necessary to identify activity cost pools into which such fixed costs can be accumulated and from which they can be allocated to product lines. Using ABC costing approach, for instance, offers a means of escape because the system tries to allocate costs based on the level of usage or consumption of such common costs by each product line instead of using arbitrary allocation formulas.

4 0

3 years ago

ecord adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made

k0ka [10]

Answer: Please Refer to Explanation

Explanation:

Please see complete question attached to this answer.

A.

As the company has not paid the salary but they recognize it is an expense, it should be credited to Salaries payable from the salary expense account.

DR Salary Expense $ 18,500

CR Salary Payable $18,500

( To record Salary Expense incurred but not paid)

B.

As the company has not paid the interest but they recognize it is an expense, it should be credited to Interest Payable from the interest expense account until it is paid.

DR Interest Expense $400

CR Interest Payable $400

( To record interest expense on loan not paid )

C.

As the company has not paid the mortgage interest but they recognize it is an expense, it should be credited to mortgage payable from the mortgage account expense account

DR Mortgage Interest Expense $1,025

CR Mortgage Interest Payable $1,025

( To recording interest expense on mortgage not paid for the year).

3 0

4 years ago

A number of political leaders have expressed concern about the nation's decline as a major steel producer. Many have advocated p

Volgvan

Answer:

B) the substitution of domestic steel for foreign steel absorbs resources that would otherwise produce goods of greater value

Explanation:

This type of policy is really controversial since politicians like to announce public policies that may help their constituents on the short run, but will eventually end up damaging them and the whole country on the long run.

A clear example is coal mining. Coal mining was praised during the last election and even though some new jobs have been created in that industry, the overall effect in the country is extremely negative and offsets any positive outcome. Coal mining results in heavy pollution and it is also not economically profitable. The resources invested in coal mines could generate much higher benefits for everyone, investors, workers and the government if they were used to finance some other activity.

Currently the government has limited the imports on foreign steel and the domestic production hasn't been able to increase enough to cover the manufacturing needs of American companies and it resulted in higher steel prices and an increase in manufacturing costs.

Market rules apply to everyone and every country. Sometimes it is not possible to produce certain goods at a competitive price no matter how hard we try and the country's well being is negatively affected. Much better results can be obtained by focusing on certain industries where American businesses really excel instead of always trying to favor inefficient industries that have a high lobby power.

3 0

3 years ago

_____ involves determining the information and communications needs of the stakeholders.

vagabundo [1.1K]

The appropriate response is communications planning. It is the art and science of achieving target gatherings of people utilizing showcasing correspondence channels, for example, promoting, advertising, encounters or standard mail for instance. It is worried about choosing who to target, when, with what message and how.

4 0

3 years ago

“If you had all the money you needed,

svetoff [14.1K]

I would give homless people food clothes some cash and let them wash their hair. I would travel to Italy with my family and Hawaii. If I could have millions of dollars I would take it and use it for good.

7 0

3 years ago