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3 years ago

What is a public enterprise?answer the question ✌

1 answer:

7 0

A public enterprise is an industrial or commercial undertaking which the government owns and manages. Also, the primary objective of such an enterprise is social welfare and upholding the interest of the general public

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Lorenzo Company uses a job order costing system that charges overhead to jobs on the basis of direct materials cost. At year-end

damaskus [11]

Answer:

a. Overhead Rate = 0.34

b. Direct Labour Cost = $53,820

Explanation:

Overhead Rate based on direct materials is calculated as overhead cost/direct material cost

Overhead Cost = $612,000

Direct Materials Cost = $1,800,000

Overhead Rate = $612,000/$1,800,000

Overhead Rate = 0.34

Given

Total cost of job in process = $90,000

Material Cost of job in process = $27,000

Overhead Applied = $9,180 (0.34% * $27,000)

Direct Labour Cost = Cost of job in process - Material Cost - Overhead Applied

Direct Labour Cost = $90,000 - $27,000 - $9,180

Direct Labour Cost = $53,820

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3 years ago

Brad buys a tablecloth from a department store. When he gets it home, he finds that the color does not go well in his dining roo

lisabon 2012 [21]

No it did not according to the rights of a consumer

3 0

3 years ago

After Jeff Bezos read about how the Internet was growing by 2,000 percent a month, he set out to use the Internet as a new distr

Gelneren [198K]

Answer:

B. entrepreneur who commercialized invention into an innovation

Explanation:

A- there wasn't any firm before

C- the business was growing not at maturity state

D.- his business is a distribution channel it is not relater to find niche markets

B.- He use an invention The Internet to innovate in the ways product are distribute and comercialized. It made an innovation(it didn't exist before) out of the invention

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3 years ago

Ralph’s Hardware updated its accounting system and agreed to purchase a computer system from a manufacturer, Bits and Bytes (BB)

Andrej [43]

Given:
Fact 1: During contract negotiations, BB’s sales representative promised that the system was “A-1” and “perfect.”
Fact 2: The written contract, which the parties later signed, disclaimed all warranties, express and implied.
Fact 3: After installation the computer produced only random numbers and letters, rather than the desired accounting information

The express warranty is given in Fact 1 where the Sales Rep promised that the system was "A-1" and "perfect". There is a breach in express warranty here IF the written contract also expresses the same promises.

However, the written contract disclaimed all warranties, express and implied. AND BOTH PARTIES SIGNED THIS CONTRACT. It implies that the buyer has read through the contract and has agreed with what is written in the contract. Thus, they can't file a suit against BB for breaching an express warranty since the written and signed contract has already disclaimed all warranties.

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4 years ago

Assume PRC Corp., an equipment distributor, sells a piece of machinery with a list price of $600,000 to ACH Inc. ACH will pay $6

katen-ka-za [31]

Answer:

b. $600,000

Explanation:

The company has to record as revenue the product at the list price, then if exist a special discount on the price list, it must be record as discount applied to products in the Income Statement, separate of Revenue or Gross Sales.

The price that the company ACH pay by the product ($650,000) it's not at change on the price if not due to the payments term which is one year later, so the company ACH has to pay a financial cost because the payment will be made one year later.

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3 years ago

What is a public enterprise?answer the question ✌​

What is a public enterprise?answer the question ✌