1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andre [41]
2 years ago
8

The adjustment for overapplied overhead ______ net income.

Business
1 answer:
tester [92]2 years ago
6 0

Answer:

<em>The adjustment for overapplied overhead </em><em><u>decreases cost of goods sold and increases</u></em><em> </em><em>net income</em>

You might be interested in
On January 1, DogMart Company purchased a two-year liability insurance policy for $32400 cash. The purchase was recorded to Prep
aleksley [76]

Answer: $1,350

Explanation:

The insurance is for 2 years but has to be apportioned monthly on account of the Accrual basis in Accounting where expenses will only be recognized when they are incurred.

The expense to be recorded for the first month will therefore be:

= 32,400 / 24 months

= $1,350

4 0
3 years ago
Why is it difficult to compare relative job growth for different-sized businesses? staff size of small businesses tends to chang
Talja [164]

It is difficult to compare relative job growth for different-sized businesses because it is hard to determine the cutoff point at which a small business becomes a large business. It is not easy to know the comparative job development amongst businesses of different sizes. There are not the same parameters leading the size of a small business versus a big business. Moreover, there is no defined point where such a variation can be clearly identified.

5 0
3 years ago
Read 2 more answers
Market &amp; entreprenurship<br>are two sides of a coin<br>Justify by example <br>​
VladimirAG [237]

Answer:

The analysis for this type of situation has been presented elsewhere here.

Explanation:

  • The face of something like a coin would be typically referred to as one of the head, although it sometimes describes this same head of such a high profile individual, as well as the back of the tail.
  • Throughout disciplines of diploma nearby numismatic coins, this same phrase area has been more frequently than using front, when the utilization of opposite direction has been widely spread.
6 0
2 years ago
Because Mei-ling has had such a successful first few months, she is considering other opportunities to develop her business. One
rosijanka [135]

Answer:

1. "Would you consider these mixers to be inventory or should they be classified as supplies or equipment?" Why?

The mixers will be part of merchandise inventory since Mei-ling is purchasing them and will later resell them at a higher price and hopefully make a profit. Products classified as supplies or equipment are used by the company in their day to day activities and are not meant for resale.

2. "I’ve learned a little about keeping track of inventory using both the perpetual and the periodic systems of accounting for inventory. Which system do you think is better? Which one would you recommend for the type of inventory that I want to sell?"

The perpetual inventory system is much better than the periodic inventory system, but it is also more expensive to use. Depending on the number of mixers that are going to be sold, you can do it hand or use a computer software which would make things much easier, but you need to spend time (labor) and money to do so.

If Mei-ling is expecting to sell only a small number of mixers, then she could use a periodic inventory system which is much more simple and is only updated every certain period of time (monthly, quarterly, semiannually or annually). This is a cheaper system but it is the best alternative.

3. "How often do I need to count inventory if I maintain it using the perpetual system? Do I need to count inventory at all?"

Even if you use the perpetual inventory system, you will eventually need to physically count your inventory in order to make sure that the records have been properly made, but you could do it once or twice a year. Again it depends on the total units that she expects to have in inventory.

7 0
3 years ago
Explain how businesses can use copyright ,patent and trademarks in dealing with piracy
diamong [38]
Businesses use copyright, patents, and trademarks, to keep other companies from taking their idea or product. Copying a trademarked or patent product is illegal. (piracy)
3 0
3 years ago
Read 2 more answers
Other questions:
  • The balance in the prepaid insurance account, before adjustment at the end of the year, is $18,290. The year end is March 31. Jo
    9·1 answer
  • "suppose that over the course of a year 100 people are unemployed for 4 weeks each (the short-term unemployed), while 10 people
    13·1 answer
  • 31) Owen expects to receive $30,000 at the end of next year from a trust fund. If a bank loans money at an interest rate of 8.2%
    13·1 answer
  • A(n) ________ program includes plans to help employees cope with stress, burnout, substance abuse, health problems, and family i
    6·1 answer
  • Business had been humming along just fine until the recession hit. Peterbilt adjusted by laying off employees until the recessio
    9·1 answer
  • Jennifer Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activ
    7·1 answer
  • Read Case Study 5:2 Gas or Grouse? in Chapter 5 of your textbook Business Ethics Concepts &amp; Cases (8th Edition) by Manuel G.
    9·1 answer
  • Contracts are a form of private law because the terms contained within a contract bind the relevant parties, not the public as a
    6·1 answer
  • Which of the following is an economic resource?
    7·2 answers
  • The stockholders’ equity section of Fauberg Marigny Corporation at December 31 is as follows.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!