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2 years ago

The plantwide overhead rate method is most appropriate for companies which have

Business

1 answer:

Kobotan [32]2 years ago

5 0

Answer:

Explanation: The plantwide overhead rate is a single overhead rate that a company uses to allocate all of its manufacturing overhead costs to products or cost objects.

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Choose and describe a business that you would expect to have highly liquid assets and share a photo of that business (or company

Slav-nsk [51]

Answer:

I have chosen Apple Inc.

Explanation:

Apple Inc is a tech giant and manufactures innovative and most differentiated telecommunication products, music products, computer products, application services, etc which is highly valued among its customers. That's the reason why Apple is one of the most highly valued company in the world with almost $137 billion cash balance. This cash balance has been increased by $20 billion in the last three years which shows its higher profitability and that its inventory is highly liquid asset because it is quickly converted into cash. Furthermore, the greater demand of product and customer loyalty has strengthen its position all because of unmatched innovation introduced in each of its product every year. The greater cash balance shows that the company has greater sales and has higher profit margin on its unmatched product.

The picture of Apple headquarter and of its logo are given below:

6 0

3 years ago

Inside Incorporated was issued a charter on January 15 authorizing the following capital stock: Common stock, $6 par, 100,000 sh

marin [14]

Answer:

$1,114,000 - total equity section

Balance sheet extract

common stock (120,000 units) $720,000

common stock share premium $240,000

preference shares (8 000 units) $80,000

preference share premium $36,000

Profit (net income) <u> $ 38,000</u>

$1,114,000

Explanation:

common stock account (100,000 + 20,000) x $6 par value = $720,000

common stock premium per unit is calculated $18 minus par value of $6 = $12. total premium is 12 x 20,000 units issued= $240,000

Preference shares account = (5000+3000) x $10 = $80,000

preference share premium (22 minus 10) = $12 per unit

total preference shares premium is $12 x 3000 issued units= $36,000

8 0

4 years ago

The following monthly data are taken from Ramirez Company at July 31 Sales salaries, $320,000, Office salaries, $64,000, Federal

vfiekz [6]

Answer:

1 Total premium % paid by Employees Premium paid by employees Premium paid by employer Employee medical insurance payable 7500 40% 3000 4500 Employee life insurance payable 4500

Explanation:

5 0

4 years ago

Although the overall divorce rate has declined in the past two decades, divorce among _________ couples is rising. elderly middl

Svetach [21]

<span>middle-aged. Some contributing factors to this are: a) after children grow up, some couples no longer have a common goal. b) infidelity, typically involving a younger person that brings excitement. c) people are living longer, so some people want to get out now rather then spend the additional years in misery.</span>

7 0

3 years ago

Clabber Company has bonds outstanding with a par value of $123,000 and a carrying value of $111,100. If the company calls these

White raven [17]

Answer:

The gain on retirement = $4,600

Explanation:

The gain or loss on retirement = Carrying Value of the Bonds - Call price of the Bonds

The gain or loss on retirement = $111,100 - $106,500

The gain on retirement = $4,600

Note: Par value will not be taken for the calculation of the above

4 0

3 years ago