Answer:
option D ( ii, iii and iv )
Explanation:
Required financial statements that should be issued by governmental funds and by proprietary funds include the following among others:
- statement of revenues, expenditures and changes in fund balances,
These among others are expected to reflect/ be included in Financial statement issued by Governmental funds and proprietary funds.
Answer:
A <u>customs union</u> is an intermediate step in the transition from a free trade area to a common market.
Answer: The correct answer is "B. Letter of credit".
Explanation: A letter of credit is an agreement of the person who issues the letter to pay a sum of money on receipt an invoice and other documents.
Is a payment mechanism used in international trade.
Answer:
Recognition of priorities
Explanation:
Management involves planning, organizing, controlling, supervising, a group of people which could be an entire team, workers or some fractions of workers in an environment to achieve organizational goals. An entrepreneur which is among the factors of production is indeed someone who manages, supervise the other factors of production, keeping an environment in which people work and achieve the goals of production.
Management is a profession and as such skill set to recognizing when some aspects of management becomes important than others and when some goals need to be given more attention to achieving the overall organizational goals can describe as Recognition of priorities.
Recognition of priorities brings some other important aspects of management into focus leaving out the less important ones cancelled or put on hold so as to save time and maximize labor efficiency.
Answer:
Results are below.
Explanation:
<u>To calculate the activities rates, we need to use the following formula on each pool:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Pool 1= 20,000/10,000= $2 per direct labor dollar
Pool 2= 15,000/50= $300 per setup
Pool 3= 10,000/200= $50 per hour
<u>Now, we can allocate costs to each product:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Product A:
Pool 1= 2*4,000= 8,000
Pool 2= 300*20= 6,000
Pool 3= 50 *50= 2,500
Total allocated costs= $16,500
Product B:
Pool 1= 2*6,000= 12,000
Pool 2= 300*30= 9,000
Pool 3= 50 *150= 7,500
Total allocated costs= $28,500
