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2 years ago

True or false :Equifax experian and transunion are legally obligated to provide identical information

Business

2 answers:

mina [271]2 years ago

6 0

True; Equifax, Experian, and TransUnion are legally obligated to provide identical information.

LekaFEV [45]2 years ago

5 0

Answer:

false

Explanation:

:Equifax experian and transunion are legally obligated to provide identical information

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Merone Company allocates materials handling cost to the company's two products using the below data:Modular Homes Prefab Barns T

Amiraneli [1.4K]

Answer:

$167,098

Explanation:

The computation of the total materials handling cost allocated to the modular homes is shown below:

= Total material handling cost × expected modular homes ÷ total expected material moves

= $210,420 × 540 ÷ (540 + 140)

= $167,098

6 0

3 years ago

A company can sell any mix of Product A and Product B at full capacity. The company has 100,000 hours of capacity. The demand fo

Marta_Voda [28]

Answer:

Company A produce 100,000.

Explanation:

According to the question , the computation is shown below:-

Particulars Product A Product B

Contribution margin per unit $20 $30

Hours per unit 1 2

Contribution margin per unit 20 15

As we can see that the company A produces 100,000 and the same is the answer

8 0

3 years ago

During the year, Cheng Company paid salaries of $24,000. In addition, $8,000 in salaries has accrued by the end of the year but

Burka [1]

Answer:

Correct answer is D. Credit to Salaries Payable for $8,000

Explanation:

Based on the basic underlying guideliness in accounting, specifically matching principle. All income and expenses should be reported during the period it incurred. Thus, all expenses incurred during the period even though it wasn't paid yet shoud be recorded to the book and that's the moment that the year-end adjusting entry is necessary.

On the above given problem, the salaries paid of $24,000 is presumed to have been recorded in the book already. Because it incurred and paid within the calendar period. In addition, the salaries accrued by the year end needs year-end adjustment to recognize the salaries expense applicable for the period. Journal entry of it is to debit salaries expense and credit salaries payable in the amount of $8,000.

6 0

3 years ago

Hodgkiss mfg., inc., is currently operating at only 94 percent of fixed asset capacity. current sales are $740,000. how fast can

tangare [24]

Sales grow before any new fixed assets are needed is $156,480.

Fixed assets , additionally known as lengthy-lived assets or property, plant, and equipment, are a time period utilized in accounting for belongings and belongings that cannot without difficulty be converted into cash. fixed properties are one of a kind from modern assets, along with coins or bank accounts, due to the fact the latter is liquid belongings.

currently operating = 94 percent

current sales = $740,000

Full capacity sales = current sales/ Current capacity utilisation

= 500000/0.94

= $531,914.89

Percentage of fixed assets to full Capacity Sales = Fixed Assets / full Capacity Sales

= 400000/531914.89

= 0.752

Total Fixed assets Needed for New Sales = 74000*0.752

= 556480

Additional Fixed Assets needed = 556480 - 400000

= $156,480 answer.

Learn more about fixed assets here:-brainly.com/question/25746199

#SPJ4

7 0

2 years ago

If staff salaries were $44,000/month last year, and the yearly cost increase from last year to this year $108,000, what is the m

andre [41]

Answer:

The monthly labor cost this year=$53,000

Explanation:

Step 1: Determine yearly cost of labor last year

T=C×N

where;

T=total cost of labor last year

C=labor cost per month

N=number of months in a year

In our case;

T=unknown, to be determined

C=$44,000 per month

N=12 months

Replacing;

T=(44,000×12)=$528,000

Step 2: Determine yearly cost of labor this year

This years cost of labor can be expressed as;

Y=T+I

where;

Y=this year's labor cost

T=last years labor cost

I=the increase in cost from last year to this year

In our case;

Y=unknown to be determined

T=$528,000

I=$108,000

Replacing;

Y=(528,000+108,000)=$636,000

Step 3: Determine monthly cost of labor for this year

Monthly labor cost this year=this years labor cost/number of months in a year

where;

Monthly labor cost this year=unknown to be determined

this years labor cost=$636,000

number of months in a year=12

Replacing;

Monthly labor cost this year=(636,000/12)=$53,000

The monthly labor cost this year=$53,000

8 0

3 years ago