Answer:
Job withdrawal
Explanation:
Job withdrawal can be said to be the behavior individuals show in aspects of their work while maintaining their positions at work. These behaviours are as a result of dissatisfaction with the job as a result of factors such as nature of job, co worker and superiors' interaction, salary or wage levels, etc. It sometimes could be as a result of the employee's attitude to his/her work.
I hope this helps.
Answer:
C) below the equilibrium market price.
Explanation:
An example of a price ceiling would be the government setting the price of sugar below the equilibrium market price.
Answer:
$230,000
Explanation:
The calculation of treasury stock account balance is shown below:-
Treasury stock account balance on December 31, 2021 balance sheet = Number of shares in treasury stock × Cost per share
= (46,000 - 23,000) × ($460,000 ÷ 46,000)
= 23,000 × $10
= $230,000
Therefore for computing the treasury stock account balance we simply applied the above formula.
Answer:
1. $6.50 per machine hour
2. $920
3. $ 17.69
4. $21.23
5. <u>Pricing methodology - Cost plus Mark -up</u>
- This ensures that the price charged covers all costs related to the product, which is good for maintaining profits.
- However the price does not consider the market demand and competition which might affect sales volumes
Explanation:
<u>Predetermined overhead rate</u>
Predetermined overhead rate = Budgeted Overheads / Budgeted Activity
= $650,000 / 100,000
= $6.50 per machine hour
<u>Total manufacturing cost assigned to Job 400</u>
Direct material $450
Direct labor cost $210
Overheads Applied ($6.50 × 40) $260
Total manufacturing cost $920
<u>Unit product cost for Job 400</u>
Unit product cost = Total Cost / Number of units completed
= $920 / 52 units
= $ 17.6923
= $ 17.69
<u>Selling price if Moody uses a markup percentage of 120%</u>
Selling price = Unit product cost × 120 %
= $ 17.69 × 120%
= $21.23
Answer:
a. $103,400
Explanation:
As we know that
Cost of goods sold = Beginning inventory + purchases - ending inventory
And,
Gross profit = Sales revenue - cost of goods sold
Since in the question it is given that
The ending inventory and beginning inventory had been overstated by $11,200 and $6,600 respectively
Since overstatement in the initial inventory raises the cost of the goods sold and decreases by that amount the gross profit & net income
And, overstatement in ending inventory reduced cost of goods sold and raised gross profit & net income by that amount.
So for overstated ending inventory the amount should be deducted and for overstated beginning inventory the condition would be reverse
So, the correct amount is
= incorrect pretax net income + overstatement in beginning inventory - overstatement in ending inventory
= $108,000 + $6,600 - $11,200
= $103,400