Answer:
A: $1,475,000
Explanation:
The computation of the overhead applied is shown below:
But before that first determine the predetermined overhead rate which is
= Estimated annual overhead cost ÷ Estimated machine hours
= $1,500,000 ÷ 300,000
= $5
Now the applied overhead is
= Predetermined overhead rate × Actual machine hours
= $5 × 295,000
= $1,475,000
British explicitly inhibited the development the coal industry.
England sparked the industrial revolution which changed the way things are made such as machinery(Engines) which was powered by coal.
Answer:
D
Explanation:
Among the important characteristics of market efficiency is (are) that:
1. There are no arbitrage opportunities;
2. Security prices react quickly to new information; and
3. Active trading strategies will not consistently outperform passive strategies.
The answer is: [A]: "TRUE" .
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Answer:
c. Debit Retained earnings $6,200; credit Dividends $6,200
Explanation:
The journal entry to record the closing of the dividend account is as follows
Retained earnings Dr $6,200
To Dividend $6,200
(Being dividend account is closed)
While recording this given entry we debited the retained earning account and credited the dividend account so that the proper posting could be done