Answer
Sales tax Payable = $780
Entry to record transaction is:
Dr: Cash $16,380
Cr: Sales Tax Payale $ 780
Cr: Sales $ 15,600
Explanation:
Coghlan Auto Supply sales are inclusive of tax so at first step it is necessary to segregate sales tax from the total sales of $16,380.
In order to calculate sales tax in Coghlan total sale divide the total sales figure with 1+the sales tax rate i.e (1+5%=1.05)
So the sales exclusive of tax will be: $ 16,380/1.05 = $15,600
Tax can be calculated now by subtracting Net sales by gross sales i.e $16,380-$15,600 = $780.
Option b.) the increased cost of coordination within the ic must be aware that the gain achieved from the increased specialization of labor may sometimes be nullified.
Costs that result from choices regarding how to collaborate. firms have to work together to execute an interdependent activity. We emphasize that “working together” is the key to coordinating costs
Coordination among firms may result from interdependence brought forth by ex-ante alliance negotiations and the subsequent alliance agreement. As noted above, the essence of coordination is within the alignment of actions of firms that encompass different activities.
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Organizational designers within the IC must be aware that the gain achieved from the increased specialization of labor may sometimes be nullified by:
the increased cost of geographic expansion
the increased cost of coordination.
the increased cost of development.
increased costs from unionization.
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Except for offering price, all of the following phrases refer to investment companies.
A corporation or trust operating as an investment company invests the collective capital of investors in financial securities. A closed-end fund or an open-end fund is typically used for this (also referred to as a mutual fund). Most investment businesses in the United States are registered with and subject to regulation by the Securities and Exchange Commission (SEC) in accordance with the Investment Company Act of 1940.
A fund firm or fund sponsor is another name for an investment company, which frequently collaborates with distributors from outside the industry to market mutual funds.
Investment firms are commercial businesses that manage, advertise, and sell public funds. They can be privately or publicly owned. An investment company's primary function is to hold and manage assets for investors, but they also often provide a range of funds and services, including portfolio management, recordkeeping, custodial, legal, accounting, and tax management.
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Answer: Variable costing treats fixed overhead as a period cost.
Explanation:
The variable costing system is the process which included all the variable like the production cost and the direct labor. The cost are used as the period cost in the fixed overhead and they are charge in terms of the income in the variable costing. And in this method the product cost are not used as the fixed overhead but it is used as the period cost.