Answer: d. The production activities in the first stage and the unit of product in the second stage
Explanation:
Activity based Costing is primarily a method of assigning indirect costs like administrative expenses to the goods and services manufactured by a company by basing it on the activities of the company.
With Activity Based Costing, the company aims to figure out how much these aforementioned activities cost first and then calculating the cost per unit in the second stage by assigning cost per level of activity.
Answer:
Debit to loss on sale of equipment of $20,000
Explanation:
Data provided in the question:
Selling cost of the equipment = $100,000
Cost of the equipment = $300,000
Accumulated depreciation of the equipment = $180,000
Now,
The book value of the equipment
= Cost of the equipment - Accumulated depreciation
= $300,000 - $180,000
= $120,000
Therefore,
Proceeds for selling
= Selling cost of the equipment - Book value of the equipment
= $100,000 - $120,000
= - $20,000
Here, the negative sign depicts a loss
Hence,
The company’s journal entry to record the sale of the equipment would include a Debit to loss on sale of equipment of $20,000
Every process that has to do with <em>gathering, storing accessing and analyzing data</em> for a company to make business decisions is referred to as: Business Intelligence.
The business world is faced with many vagaries such as risks and uncertainties. Every business intends to <em>minimize cost and maximize profits</em>. In order to do this, wise and better decisions must be made daily.
For business decisions to be made, <em>predictive views, data mining, process analysis, descriptive analytics, and performance benching</em> are all business intelligence entails.
- Therefore, every process that has to do with <em>gathering, storing accessing and analyzing data</em> for a company to make business decisions is referred to as: Business Intelligence.
Learn more here:
brainly.com/question/21765674
Answer:
D) Property's fair value at the date of the investment.
Explanation:
When new business is formed from closing the old one, all assets are recorded at fair value.
Thus, all the assets other than cash shall be recorded at their respective fair values in the new business which is a partnership, as the cost or historical value will not display their proportional contributions properly.
Therefore, correct statement is
D) Property's fair value at the date of the investment.
Answer:
C) I, II, and III only.
- I. May demand payment of the full amount immediately from the sureties when the corporation defaults on the loan.
- II. May demand payment of the full amount immediately from the sureties even if Reuter does not attempt to recover any amount from the collateral.
- III. May attempt to recover up to $200,000 from the collateral and the remainder from the sureties, even if the remainder is more than $300,000.
Explanation:
The bank has several options in this case, depending on the financial position and net worth of the sureties and the corporation. It can decide to collect all the debt directly from them, or collect part of the debt through the collateral property, or it can go after the assets of the corporation, or any type of combination. In this case the bank has three options from which it can collect the debt and it is up to them to decide how they proceed.
