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timofeeve [1]
3 years ago
5

Req. 23: The budgeted data for the year did not include employment benefits, such as paid time off, company-paid health insuranc

e, or company-sponsored retirement plans. From an accounting standpoint, how should these costs be treated if they relate to selling and administrative personnel?
Business
1 answer:
stich3 [128]3 years ago
7 0

Answer:

These costs should be reported on the income statement in the profit and loss section under selling and administrative expenses. Any liability arising from the employment benefits should be shown in the balance sheet under liabilities.

Explanation:

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Suppose that the money supply and the nominal GDP for a hypothetical economy are $96 bilion and $336 bilion, respectively. (In p
Alina [70]

Answer:

V = 3.5  (1 dollar circulates 3.5 times in a year)

In short term – Reduction of aggregate demand and real output

In long term – reduction of wages and increase of real output of firms

Nominal GDP will fall by $20 bilion

Explanation:

Equation of monetisation =  

Total money in circulation = Total money demanded/total output

Money Supply * Money Velocity = Price Level * GDP

V = PY/M  

Substituting the given values, we get –  

V = 336/96  

V = 3.5  

This indicates 1 dollar circulates 3.5 times in a year

In short term – Reduction of aggregate demand and real output

In long term – reduction of wages and increase of real output of firms

Nominal GDP will fall by $20 bilion

7 0
3 years ago
Your company is producing a phone with a new video feature. You need to review design specifications with the production company
sladkih [1.3K]

Answer:

Business letters can be confidential.

Explanation: A Business letter is a formal letter used in Organisations to effectively communicate and transact business.

Examples include letters like EXPRESSION OF INTEREST LETTERS, APPOINTMENT LETTERS,LETTER OF REQUEST ETC. A business letter can be used to convey certain confidential or private information from one client to another. There are certain components of a business letter which includes the salutation,Date, Address of both the sender and the reciever,the body of the letter, conclusion etc.

6 0
3 years ago
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Sumiko files her tax return married filing separately. She has not lived with her husband for over two years. Beginning in Janua
Bezzdna [24]

Answer:

b. 7,200

Explanation:

600 x 12 =7200

4 0
3 years ago
Quantities on hand at the end of one month may not be sufficient to last until the next month's count. If the company has taken
agasfer [191]

Answer:

True

Explanation:

The correct option is - True

Reason -

When the company is considering the quantities in stock available at the end of the month in duly setting their reorder level that indicates it creates buffer stock in company's account and not following just-in-time model, whereby the quantity being ordered when there is demand for the same.

Hereby the investment cost occurred while maintaining the inventory will be higher as comparison to just-in-time inventory model as the money is  blocked in the inventory and it will be recovered only when the inventory being sold.

3 0
3 years ago
The practice of using information provided by cookies for directing online advertising from marketers to those online shoppers w
katrin2010 [14]

Answer:

Behavioral targeting

Explanation:

Behavioral targeting is a method that is used by marketers in which they gather information of the visitors of a website to show them advertisements that are relevant to their interest. The goal of this is to improve the effectiveness of online campaigns by providing advertisements to the specific target markets that is interested in the product.

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3 years ago
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