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Norma-Jean [14]
3 years ago
8

A country whose consumers are less likely to purchase nonessential products because they have a low per-capita income is conside

red to be ______.
Business
1 answer:
Lady bird [3.3K]3 years ago
6 0

It should be noted that a country whose consumers are less likely to purchase nonessential products because they have a low per-capita income is considered to be Less developed country.

<h3>What is a Less developed country?</h3>

Less developed country can be regarded as this countries that have low per-capita income.

Most of the time , their consumers are less likely to purchase nonessential products.

Learn more about Less developed country at:

brainly.com/question/13171394

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Minette Company reported net income of $200,000 for the year ended December 31, 2022. During the year, inventories decreased by
musickatia [10]

Answer:

b. $210000.

Explanation:

Calculation for Net cash provided by operating activities in 2022

Using this formula

Net cash=Net income+Inventories- Account payable+ Depreciation expense -Gain on disposal

Let plug in the formula

Net cash=$200,000 + $40,000 − $60,000 + $45,000 −$15,000

Net cash = $210,000

Therefore the Net cash provided by operating activities in 2022 will be $210,000

6 0
3 years ago
A dividend is _____.
Paladinen [302]

Answer:

d. money a company shares with the stockholders

Explanation:

A dividend is money a company shares with the stockholders.

hope it helps:)

mark brainliest!

7 0
3 years ago
Read 2 more answers
Use the cost information below for Sundar Company to determine the cost of goods manufactured during the current year:
wel

Answer: cost of goods manufactured during the current year:  $95,600

Explanation:

Cost of goods manufactured = Direct materials + Direct labor + Manufacturing Overhead

But

Manufacturing Overhead= Cost added during accounting period + beginning work-in-process - ending work-in-process

= $51,100 + $11,500 - $12,100

=$50,500

Cost of goods manufactured = Direct materials + Direct labor + Manufacturing Overhead

=$19,800 + $25,300 + $50,500

=$95,600

or Using the formulae

Costs Added = Direct Materials Used + Direct Labor + Factory Overhead

=$19,800 + $25,300 + $51,500 = $96,200

Cost of Goods Manufactured = Costs Added + Beginning Work in Process − Ending Work in Process Cost of Goods Manufactured

$96,200+ $11,500 - $12,100=$95,600

3 0
3 years ago
Gene Simmons Company uses normal costing in each of its three manufacturing departments. Factory overhead is applied to producti
kolbaska11 [484]

Answer:

<u>Required A</u>

Part 1

<em>Actual overhead rate = Actual Overheads ÷ Actual hours used</em>

Therefore,

Dep A = $35,640 ÷ 8,100 = $4.40

Dep B = $36,040 ÷ 1,440 = $25.03

Dep C = $38,220 ÷ 1,280 = $29.86

Part 2

<em>Overheads applied = Overhead rate × hours used</em>

Therefore,

Overheads applied = $4.40 × 650 hours = $2,860

Part 3

1. Actual costing delays product costing as the information is only available after the period.

2. Difficult to deal with for fluctuating or seasonal sales as new rates always need to be calculated.

<u>Required B</u>

Part 1

1. Product Costing can be done on time hence price setting can also be done at an earlier stage.

2. Rates are determined consistently for fluctuating or seasonal sales

Part 2

<em>Predetermined overhead rate = Budgeted Overheads ÷ Budgeted hours </em>

Therefore,

Dep A = $380,000 ÷ 95,000 = $4.00

Dep B = $420,000 ÷ 70,000 = $6.00

Dep C = $510,000 ÷ 35,000 = $14.57

Part 3

<em>Overheads applied = Predetermined overhead rate × hours used</em>

Therefore,

Overheads applied for January,

Department A = $4.00 × 8,100 hours = $32,400

Department B = $6.00 × 1,440 hours = $8,640

Department C = $14.57 × 1,280 hours = $18,649.60

Part 4

If <em>Actual Overheads > Applied Overheads</em>, we say overheads are under-applied,

and

If <em>Applied Overheads > Actual Overheads</em>, we say overheads are over-applied.

Therefore,

<u>Department A :</u>

Actual Overheads = $35,640

Applied Overheads = $32,400

Therefore, overheads are under-applied by $3,240

<u>Department B :</u>

Actual Overheads = $36,040

Applied Overheads = $8,640

Therefore, overheads are under-applied by $27,400

<u>Department C :</u>

Actual Overheads = $38,220

Applied Overheads = $18,649.60

Therefore, overheads are under-applied by $19,570.40

Part 5

<u>Department A</u>

Cost of Sales = $3,240

<u>Department B</u>

Cost of Sales = $27,400

<u>Department C</u>

Cost of Sales = $19,570.40

Part 6

<u>Department A</u>

Cost of Sales = $3,240

<u>Department B</u>

Cost of Sales = $27,400

<u>Department C</u>

Cost of Sales = $19,570.40

Explanations :

See the formulas and calculations tied together with the solution above.

Note that :

If <em>Actual Overheads > Applied Overheads</em>, we say overheads are under-applied,

and

If <em>Applied Overheads > Actual Overheads</em>, we say overheads are over-applied.

Also that ,

Balances in the Overheads Account are closed off against the Cost of Goods Sold in the Income Statement.

 

7 0
3 years ago
If Alejandro wants to pay off his student loan by basing it on how much he is earning at his job after graduation, what type of
luda_lava [24]

Answer:

Income-driven repayment plan​.

Explanation:

Federal student loans can be defined as a form of financial aid given to college or university students with varying financial means, so as to enable them gain access to higher education.

In the United States of America, the U.S Department of Education is saddled with the responsibility of administering the federal student loans.

Basically, there are four (4) types of federal student loans and these include;

1. Direct unsubsidized loans.

2. Direct subsidized loans.

3. Direct consolidation loans.

4. Direct PLUS loans.

Once a federal student loan has been selected, students are required to choose a repayment plan for the loan taken. There are four (4) main types of repayment plan and these are;

a. Standard repayment plan.

b. Extended repayment plan.

c. Graduated repayment plan.

d. Income-driven repayment plan​.

An income-driven repayment plan​ can be defined as a federal student loan repayment plan that is designed to regulate or adjust the amount of money to be paid in each month based on one's current earnings and family size. This payment plan is designed typically for college graduates and as such it's intended to be affordable based on the discretionary income of the borrower and family size.

In this scenario, Alejandro wishes to pay off his student loan based on how much he earns at his job after graduation. Thus, the type of repayment plan which is best for him is an income-driven or income-based repayment plan​.

5 0
3 years ago
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