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e-lub [12.9K]
3 years ago
7

Explain the purposes for which of control accounts areprepared in a business organization ​

Business
1 answer:
Oksanka [162]3 years ago
3 0

The purpose of the control account is to keep the general ledger nice and clean without any details, yet contain the correct balances to be used in the financial statements.

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Indicate whether the following statement(s) applies to microeconomics or macroeconomics:a. The unemployment rate in the United S
mihalych1998 [28]

Answer:

a. The unemployment rate in the United States was 9.7 percent in March 2010. - <em>Macroeconomics</em>

b. A U.S. software firm discharged 15 workers last month and transferred the work to India. - <em>Microeconomics</em>

c. An unexpected freeze in central Florida reduced the citrus crop and caused the price of oranges to rise. - <em>Microeconomics</em>

d. U.S. output, adjusted for inflation, decreased by 2.4 percent in 2009. - <em>Macroeconomics</em>

e. Last week, Wells Fargo Bank lowered its interest rate on business loans by one-half of 1 percentage point. - <em>Microeconomics</em>

f. The consumer price index rose by 2.7 percent from December 2008 to December 2009. - <em>Macroeconomics</em>

Explanation:

Microeconomics refers to the study of economics at an individual, group or company level. Microeconomics focuses on issues that affect individuals and companies.

On the other hand, macroeconomics refers to the study of a national economy as a whole and focuses on issues that affect the nation or state as a whole.

8 0
3 years ago
Barredo Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 5,000 units, its aver
zhuklara [117]

Answer:

The variable cost per unit sold is closest to $11.90.

Explanation:

Only variable manufacturing costs are included in <em>product costing</em> under the variable costing method.

Both the fixed manufacturing costs and non-manufacturing costs are treated as <em>period costs</em>, expensed in the profit and loss.

<u>Calculation of Variable Unit Cost</u>

Direct materials                                  $ 6.60

Direct labor                                         $ 3.65

Variable manufacturing overhead     $ 1.65

Total Variable Unit Cost                     $11.90

Conclusion :

The variable cost per unit sold is closest to $11.90.

5 0
3 years ago
Are elements of fiscal policy that automatically change in value as national income changes
sveta [45]
The answer to the given question above is AUTOMATIC STABILIZER. So in the fiscal policy, the term automatic stabilizer refers to the policies and programs which are created in order to counterbalance or neutralize any changes (e.g. fluctuations) in the national income or economic activities. This no longer requires an intervention from the government or policymakers.
4 0
3 years ago
Erica Jenson has a limited budget for the market research she needs to conduct; however, the sample size for her research is qui
pav-90 [236]

Answer: Internet survey

Explanation:

Internet survey is known to be type of survey which is conducted over the internet in order to get information from a large number of target respondents. Data is gotten from the respondents by inviting them over the internet in order to fill the questionnaire.  It is also known as online survey.  Thus,  it is widely used by researchers because it requires little cost, saves time and is very fast unlike other surveys.

7 0
3 years ago
nnette Henri is paid an hourly wage of $8.90 for a 32-hour workweek of 4 days, 8 hours daily. For any work on the fifth day and
Elza [17]

Answer:431.75 dollars

Explanation:she gets 284.8 dollars for the 32 hours(32x 8.9) and for the extra 11 hours she gets 146.85( 8.9 x 1.5= 13.35 and 13.35 x 11) 146.85+ 284.8= 431.75

4 0
3 years ago
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