Answer:
1. Factory supervisory salaries <u><em>Production Cost</em></u> Factory Overhead
2. Sales commissions Period Cost Selling expense
3. Income tax expense Period Cost tax expense
4. Indirect materials used <u><em>Production Cost</em></u> Factory Overhead
5. Indirect labor <u><em>Production Cost </em></u>Factory Overhead
6. Office salaries expense Period Cost Administrative expense
7. Property taxes on factory building <em><u>Production Cost</u></em><em> </em>Factory Overhead
8. Sales manager's salary Period Cost Selling expense
9. Factory wages expense <em><u>Production Cost </u></em>Direct Labor
10. Direct materials used <em><u>Production Cost</u></em> Direct Materials
Explanation:
A period cost is any cost that cannot be capitalized into prepaid expenses, inventory, or fixed assets
Period cost goes straight to expense account
While
Production Cost do capitalizes through Inventory and later recognize as cost of goods sold.
The given statement " The market for factors of production connects spending by firms to household income " is TRUE
Explanation:
When goods and services markets were the only businesses open, corporations would ultimately have everything they wanted in a single business, consumers would have all the finished products and industry would end.
The word "factors of production" refers to everything a manufacturer uses to make a final product.
Types of production factors are labour (work was carried out by people), equipment (machinery for the processing of products), land and so on.
Job markets are the most widely contested type of a factor market, but it should be noted that output factors can take many forms.
Answer:
cash flow provided by operation 260,000
Explanation:
net income 200,000
adjustment for non-monetary terms: (A)
depreciation expense 60,000
loss on sale of land 15,000
adjusted net income 275,000
Change in working capital:
decrease in AR 30,000
Decrease in AP (45,000) (B)
net change in WC: (15,000) (C)
cash flow provided by operation 260,000
(A) we must focus on cahs movement so the depreciation and loss on sale which are non-mentary term. This are not related to cash
(B) the decrease in account receivable means we colelct from our customer more.
(C) the decrease in accounts payable represent we use more cash to pay up the suppliers
Answer: The closest option is A. The rights to receive are transferred by the assignor to the assignee.
Explanation: An assignment is a term used in the area of the law of contract and of property and assets. In the legal field, assignment is the process whereby a person or a group ( the assignor) transfers his/her rights or benefits to an asset or property to another person or group (the assignee).
The whole process is documented and sealed by the signature of both parties in the presence of their lawyer.
Answer:
The correct answer is True
Explanation:
For the economy, an incentive is a stimulus that is offered to a person, a company or a sector with the objective of increasing production and improving performance. For example: a worker is offered an incentive of $200 a month if he can reach a certain sales quota. An incentive for a company could be the tax cut in case you hire new workers.
Human action is usually governed by incentives, many of which exist at the unconscious level. Each time a person performs a certain activity, he does so with an end that, in one way or another, will provide satisfaction. This end is the incentive that mobilizes the action.