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3 years ago

14

Batterton prepaid a two full years' insurance on December 1 of the current year, $6,960. Record insurance expense for the year

ended December 31.

1 answer:

mezya [45]3 years ago

4 0

Answer:

A y a good time for me is that

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Suppose that as the price of y falls from $2.00 to $1.90, the quantity of y demanded increases from 110 to 118. then the absolut

Nat2105 [25]

<span>1.4545 First we calculate the price change percentage (2-1.9)/2 = -5% Then the change in demand percentage: (118-110)/110 = 7.27% the absolute value of the elasticity coefficient is then: |demand/price| = |.0727/-.05%| = | -1.4545| = 1.4545</span>

5 0

3 years ago

Read 2 more answers

The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720,000. If these calc

grandymaker [24]

Answer:

It is more profitable to upgrade the calculators.

Explanation:

Giving the following information:

The Tolar Corporation has 500 obsolete desk calculators that are carried in inventory at a total cost of $720,000. If these calculators are upgraded at a total cost of $140,000, they can be sold for a total of $200,000. As an alternative, the calculators can be sold in their present condition for $50,000.

We need to determine whether it is more convenient to upgrade the calculators or sell them as they are.

Upgrade:

Effect on income= 200,000 - 720,000 - 140,000= -$660,000

Not upgrade:

Effect on income= 50,000 - 720,000= -$670,000

It is more profitable to upgrade the calculators.

5 0

4 years ago

The computer workstation furniture manufacturing that Santana Rey started in January is progressing well. As of the end of June,

garik1379 [7]

Answer:

1. Cost of the raw materials $8200

2. Total Direct Labor In June $ 2520

3. Predetermined Overhead Rate 40%

4. Cost transferred to finished goods $ 8978

Costs of Ending WIP $ 6320

Explanation:

1. Cost of the raw materials $8200

Job 602 $ 1500

Job 603 $ 3200

Job 604 $3100

Total May Costs $400

Total Job Costs = Jobs, 602+ 603+ 604= $7800

2. Total Direct Labor In June $ 2520

Job 602 $1000

Job 603 $1520

3. Predetermined Overhead Rate= Overhead Cost/ Direct labor Cost

Job602 = 400/1000 *100= 40%

Job 603= 608/1520 *100 = 40%

4. Cost transferred to finished goods

Job 602 603 604

Raw Materials $ 1,500+400 $ 3,200 $ 3,100

Direct labor 1,000 +250 1,520 2,300

Overhead Applied 400+100 608 920

Total Cost 3650 5328 6320

Cost transferred to finished goods = 3650 + 5328= 8978

Costs of Ending WIP $ 6320

<em>Completed jobs are sent to finished goods and incomplete job are in the ending work in process inventory.</em>

3 0

3 years ago

Stacy is going to the store to buy milk and cereal. She will most likely use ____ in her consumer decision-making process.A) Rou

alexira [117]

Answer:

Letter A is correct. <u>Routine response behavior.</u>

Explanation:

Routine response behavior is a buying decision making process characterized by the act of a consumer purchasing a product or service that he has previously purchased, ie, it is configured as a usual buying scenario, the consumer already has experience buying certain products. and the purchase decision occurs automatically and routinely.

Generally this buying behavior occurs with non-durable consumer goods, which are those used consistently by the consumer, such as food, medicines and cleaning products.

4 0

3 years ago

Nova water Factory produces purified water. It uses process costing system with the FIFO system. The following information is ob

Neporo4naja [7]

Answer:

Trial balance ledger book

5 0

2 years ago