Answer:
$45,000 revenue to be recorded
Explanation:
If the seller is purchasing the goods and service from customer at fair value of those goods, so will account for that purchase as separate transaction.
Computing overpayment as:
Overpayment = Amount paid - Fair value
where
Amount paid is $10,000
Fair value is $7,000
So,
Overpayment - $10,000 - $7,000
Overpayment = $3,000
Now,
Computing the Net revenue which should be recorded as:
Net revenue = Sale amount - Overpayment
where
Sale amount is $48,000
Overpayment is $3,000
So,
Net revenue = $48,000 - $3,000
Net revenue = $45,000
Answer:
The correct answer is option (c) $264 underapplied
Explanation:
Given data;
Direct labour hour = 22160
Total Manufacturing overhead cost= $585,024
Actual direct labor hour = 22150
Actual Manufacturing overhead cost = $585024
Calculating the Predetermine overhead rate using the formula;
Predetermined Overhead rate=Total Overhead Cost/Total Direct Labor Hour
Predetermined Overhead rate = $585024/22160
=$26.4 per labor hour
To determine the under-applied amount of overhead cost, we use the formula;
Under−Applied amount= Estimated Overhead Cost*Actual Overhead Cost
Substituting into the formula, we have
(22150*26.4)-585024
Under applied = $ 264
It is from my experience since if it is from his experience then the author could tell us something like it is a beautiful place or it is very warm. based on these statements it is opinions since he doesn't have a fact do back it up. his experience tells us what he thought so it is his opinion
<u>Explanation:</u>
First, remember that the difference between <em>normative and positive economic analysis</em> is that;
Normative analysis take a somewhat neutral view by stating how the world should be. While
The Positive analysis states the facts. That is, it describes the world as it is.
<u>
Thus, a </u><u>Normative analysis</u><u> of the consequence of minimum wage would be the following statements:</u>
c. In some cities such as San Francisco and New York, it would be impossible for low−skilled workers to live comfortably in the city without minimum wage laws.
d. The gains to winners of a minimum wage law should be valued more highly than the losses to losers because the latter primarily comprises businesses.
<u>And a </u><u>Positive analysis</u><u> of the consequence of minimum wage would be the following statements:</u>
a. The minimum wage law causes unemployment.
b. A minimum wage law benefits some groups and hurts others.
Answer:
D) contingency view.
Explanation:
The contingency viewpoint or approach is a behavioral model of leadership emphasizing the differences between every problem or challenge a business owner faces over a given period of time. A business owner or manager using the contingency approach to problem solving examines a wide variety of factors when determining workable solutions for each workplace issue.
Many factors go into tailoring a managerial decision or company initiative when using the contingency viewpoint or approach. A company's size, geographic location, prevailing organizational culture and even the diverse background of the company's workforce can affect how a manager or business owner work to develop a solution to a given issue.