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3 years ago

CORRECT ANSWERS ONLY!

Business

1 answer:

sasho [114]3 years ago

6 0

Answer:

1. False

2. True

3. False

4. False

Explanation:

1. Associate degree

2. A masters in business administration would be an asset to someone wanting to run a business

3. A minor is a great way to augment skills

4. There is also a bachelors of fine arts

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Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be

bekas [8.4K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $12,000,000 and total direct labor hours to be 320,000 hours.

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 12,000,000/320,000= $37.5 per direct labor hour

In April, Sykora incurred actual overhead costs of $1,050,000 and used 30,000 hours.

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 37.5*30,000= $1,125,000

Over/under allocation= real MOH - allocated MOH

Over/under allocation= 1,050,000 - 1,125,000= 75,000 overallocated

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3 years ago

What’s the manager is responsible for overseeing a company’s product mix

RoseWind [281]

Answer:

Marketing manager

Explanation:

Product mix, also known as product assortment, is the total number of product lines that a company offers to its customers. The product lines may range from one to many and the company may have many products under the same product line as well. All of these product lines when grouped together form the product mix of the company.

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3 years ago

Read 2 more answers

On December 15, 2018, the board of directors of Lomas Corporation declared a cash dividend, payable on January 8, 2019 of $0.80

Tom [10]

Answer: decrease retained earnings $1.60 million and increase liabilities by $1.60 million.

Explanation:

The dividend on common shares will be:

=2,000,000 × $0.80

=$1,600,000

Then, the journal entry will be:

Debit: Retained earnings $1.6 million

Credit: Dividend payable $1.6 million

The answer will be to decrease retained earnings $1.60 million and then increase liabilities by $1.60 million.

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2 years ago

Aurora, a self-employed taxpayer, reports all her income on Schedule C. During the tax interview, Aurora's Tax Professional dete

Leviafan [203]

Answer:

The correct answer is letter "B": Explain to Aurora that she must report all her business income and expenses.

Explanation:

The Internal Revenue Service (IRS) offers tax credits to taxpayers in different situations to benefit them with discounts and promote the proper filing of their yearly income. In front of a possibility on a tax credit for Earned Income, the taxpayer must <em>include all the information on revenues and expenses incurred during the period</em>. This typically applies to self-employed taxpayers.

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3 years ago

4. Marsha qualifies for the recovery rebate credit of $500 for Shelby. True are false

inessss [21]

Answer:

The answer is "False".

Explanation:

In this question, the given statement is false because the maximum claim for rewards by Economic Repercussions is $\$ 1200 \ \ and\ \ \$ 2400$ Return filed in connection with this), plus $\$ 500$ for children under the CARES Legislation and the Economic Consequences Payment. Consequently, Marsha is liable for Shelby's $$1200$ recovery reimbursement credit.

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2 years ago