What's your question I don't understand
Answer:
(B) What must be given up to acquire it
Explanation:
Opportunity cost, in a simple language, means trade-off or an income or savings that we need to forego.
It is the amount or value of a certain event or activity that must be given off due to choosing one alternative over another.
In this case, the salary of $50,000 per year is the opportunity cost.
Answer:
Perception of detection
Explanation:
Perception of detection is defined as the belief that exists within an organisation that if a person commits fraud he will be exposed by other employees in the organisation quickly.
This can be achieved by various steps including:
- removal of avenues for fraud by thinking like a fraudster
- segregation of duties
- perform surprise audits
- having a hotline to report fraud
The installation of cameras by Jackson shop and publicising of this action led to a consistent fall in fraud because the employees had a perception that if they tried to commit fraud they would be detected by the cameras
<span>The code that forty-nine states have adopted to interpret and enforce contract law is the "Uniform Commercial Code".
</span>The Uniform Commercial Code was published in 1952 and it contains many uniform acts. The nine articles of the UCC is an arrangement of laws overseeing the offer of products, leases of merchandise, debatable instruments, bank stores, support exchanges, letters of credit, mass deals, distribution center receipts, bills of replenishing, investment securities and secured exchanges. As the national economy developed at the turn of the twentieth century, a need to direct business exchanges consistently became important. With the reception of the UCC, organizations and in addition people are secured.
Answer:
c. Work in Process 150,000 Wages Payable 150,000
Explanation:
The direct labor costs are $ 150,000 which are debited to work in process and credited by wages payable.
The indirect Labor costs are $ 125,000 which are debited to factory overhead and credited by payroll.
The $32,000 are factory overhead expenses which are charged to factory overhead control account.
Analysis :
a: The first entry is wrong because the work in process must be debited and wages payable credited.
b: The second entry is wrong because the work in process must be debited and wages payable credited. Also the indirect labor is included in the direct labor amount.
<em><u>c: This entry is correct.</u></em>
d: The indirect labor is included in the direct labor amount which is again wrong.