At the end of the closing process, Income Summary will hold a balance.

Bachmann Products, Inc., has found that new products follow a learning curve. The first two units have been completed with the f

DaniilM [7]

Answer:

Time needed to complete the 4th unit = 57.80 hours

Explanation:

The learning curve theory states that as the cumulative output doubles the cumulative average time taken till date is reduced to a certain percentage of the previous time. This percentage is called learning rate

Total time = Average time × cumulative number of units

The cumulative average time is determined using the formula below:

Y= aX^b

a - time taken for the first unit produced

b = log LR/Log 2

X- cumulative units till date

Y - cumulative average time taken for X units

LR- Learning rate

LR = 68/80 = 0.85 = 85%

Time needed to complete the 4th unit

= Learning rate × time take for the 2 unit

= 85% × 68

= 57.80 hours

Time needed to complete the 4th unit = 57.80 hours

8 0

3 years ago

Larceny is easier to detect than skimming because:

IgorC [24]

The reason that Larceny is easier to detect that skimming because this is associated with having to steal the cash only after that it has been recorded by the accounting system of the company in which makes it easier to detect unlike skimming. The answer is letter b.

3 0

3 years ago

How is the market supply curve derived from the supply curves of individual producers?.

NNADVOKAT [17]

The way that the market supply curve is derived from the supply curves of individual producers is by horizontally adding the individual supply curves.

<h3>How is the market supply curve estimated?</h3>

The market supply curve is estimated by adding up all the individual supply curves in the market. This therefore shows the total amount os supply for a good or service in the market.

The way that this addition is done is by horizontally adding the supply curves. What this means is that the quantities that are being offered by each individual suppliers at the various prices in the market, are added up to come up with the market supply curve.

Options for this question are:

a. finding the average price at which sellers are willing and able to sell a particular quantity of the good.
b. vertically summing individual supply curves.
c. finding the average quantity supplied by sellers at each possible price.
d. horizontally summing individual supply curves.

Find out more on the market supply curve at brainly.com/question/26430220

#SPJ1

8 0

1 year ago

When is the best time to take an out of state college visit

antiseptic1488 [7]

The best time to do it is during a Holiday or break from school during your junior or senior year so you don’t miss class and you can take your time to truly see the campus

8 0

3 years ago

Read 2 more answers

Kingbird Company has the following stockholders’ equity accounts at December 31, 2017.Common Stock ($100 par value, authorized 8

viktelen [127]

Answer:

Journal Entries :

1.

Common Stocks $29,400 (debit)

Cash $29,400 (credit)

2.

Dividends Declared $174,300 (debit)

Shareholders for Dividends $174,300 (credit)

3.

Shareholders for Dividends $174,300 (debit)

Cash $174,300 (credit)

4.

Cash $30,600 (debit)

Common Stocks $30,600 (credit)

5.

Common Stocks $48,300 (debit)

Cash $48,300 (credit)

6.

Cash $29,100 (debit)

Common Stocks $29,100 (credit)

Explanation:

1.

Common Stocks $29,400 (debit)

Cash $29,400 (credit)

Purchase Cost = 300 shares × $98 = $29,400

2.

Dividends Declared $174,300 (debit)

Shareholders for Dividends $174,300 (credit)

Dividend Calculation = (8600 - 300) × $21 = $174,300

Note : Recognize the Liability : Shareholders for Dividends and recognise the Equity Element : Dividends Declared

3.

Shareholders for Dividends $174,300 (debit)

Cash $174,300 (credit)

Note : De-recognize the Liability : Shareholders for Dividends and De -recognize the Assets of Cash.

4.

Cash $30,600 (debit)

Common Stocks $30,600 (credit)

Proceeds = 300 shares × $102 = $30,600

5.

Common Stocks $48,300 (debit)

Cash $48,300 (credit)

Purchase Cost = 460 shares × $105 = $48,300

6.

Cash $29,100 (debit)

Common Stocks $29,100 (credit)

Proceeds = 300 shares × $97 = $29,100

5 0

3 years ago