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yuradex [85]
2 years ago
5

Why do companies use a predetermined overhead rate rather than an actual overhead rate?.

Business
1 answer:
Vinvika [58]2 years ago
7 0

Answer:

An actual overhead is not known until the end of the period

Explanation:

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Tore Company's records reveal the following information regarding its inventory. Beginning inventory was $100,000 at cost and 16
vodka [1.7K]

Answer:

$150,000

Explanation:

Ending inventory, the value of goods available for sale at the end of the accounting period, plays an important role in reporting the financial status of a company and can best be figured out using the equation,

Ending Inventory = Beginning Inventory + Net Purchases - Cost of Goods Sold (or COGS)

Beginning Inventory = $160,000 in retail

Net purchases = $500,000 in retail +$10,000 Markups

Cost of goods sold = $500,000

So, End Inventory = 160,000+500,000+10,000-500,000

End Inventory = $150,000

4 0
3 years ago
Salcia is a country that depends heavily on domestic products. The Salcian government decides on the products that can be import
hoa [83]

Answer:

D) Mercantilism

Explanation:

Based on the information provided within the question it can be said that Salcia's approach to international trade is being influenced by Mercantilism. This term refers to a policy that was created in order to maximize exports of a nation while at the same time minimizing the imports. This is what Salcia is trying to accomplish by not importing anything that they can make at home.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
2. What are the advantages of utilizing a targeted marketing strategy?
aleksklad [387]

Answer:

Explanation:

Target marketing is a way of focusing your advert on specific people, location, age group, interest, in order to have a maximum yield.when utilizing target marketing strategy, there are a lot of advantages that are attached to it as discussed below;

  1. Precise advertisement ; when you have a target market you are aiming at you will not waste your energy in running numerous advertisements to the target area you only advertise what they need. e.g if a certain area in London demands for ladies bags so often and you make both female bags and male bags, your advert will definitely be on the bags that are demanded more often.
  2. It saves cost ; cost of running advert for so many goods and services will be reduced because you already know your target customers you only advertise what they needed with little money and more result.
  3. Loyalty; when you channel your strength in an area of target you become more reliable and trustworthy and you start to gain loyalty from your existing customers and referrals from them.
  4. Increased customer base your customer base will increase because your customer base has friends and family so they introduce you to them and from there your customer base increases.
8 0
3 years ago
Read 2 more answers
he condensed balance sheet and income statement for Marjoram Company are presented below. MARJORAM COMPANY Balance Sheet At Dece
Juliette [100K]

Answer:

current ratio  for MARJORAM  = Current asset / current liabilities

                                                   =  $173,000/ $108,400

                                                    =  1.59

Explanation:

step 1 :calculate the total current asset of the company which is calculated below.

current asset

Cash                         $19,000

Note Receivable         35,000

Account Receivable    48,400

Inventory                    <u>  70,600</u>

Total                         <u> 173,000</u>

Note receivable is included in the current asset because its due date is less than 12 months.

step 2 : divide the current asset by the current liabilites in order to determine the current ratio

7 0
3 years ago
If you were to invest $120 for two years, while earning 8% simple interest, what is the total amount of interest that you will e
Dafna1 [17]
19.2
P=$120
I=8%
T=2yr
6 0
3 years ago
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