staff salaries were $32,000/month last year and $47,000/month this year, what is the total yearly labor cost increase

The ecoist manufactures handbags out of excess packaging that would otherwise end up in landfills. this is an example of values

mina [271]

From the word itself, "values-led" business, this type of businesses are more inclined to doing what is right and moral by promoting values rather than thinking too much about the profit that comes from the sales of the manufactured goods. In the example above, the business leverages in the notion that recycling will lead to lesser pollution to the environment.

3 0

3 years ago

Read 2 more answers

On August 1, Steffen Computers, Inc. purchased thirty computer chips on account from a company located in Taiwan for 520,000 Tai

Vsevolod [243]

Answer:

(C) debit to Foreign-Currency Transaction Loss-$1040

Explanation:

Foreign currency related Financial assets and financial liabilities are usually revalued with any difference as a result of the exchange rates posted as a gain or loss in the income statement.

On transaction date, cost of assets

= 520000 * $0.034

On payment date, the amount paid

= 520000 * $0.036

The amount paid is higher than the liability recorded before hence the difference is recognized as a loss on foreign exchange.

= 520000 * $0.036 - 520000 * $0.034

= $1040

4 0

2 years ago

Jacob is a senior manager at Aries LLC. He has been earning significant bonuses in addition to his salary. He often misrepresent

Mila [183]

The name of the concept which is illustrated in this scenario about Jacob seeking deals that would benefit his own interests more than the company he is representing is known as:

B. Self dealing

According to the given question, we are asked to state the name of the concept which is illustrated in this scenario about Jacob seeking deals that would benefit his own interests more than the company he is representing.

As a result of this, we can see that Jacob is self dealing because he is acting in his own interests in order to get significant bonuses in addition to his salary.

Therefore, the correct answer is option B

Read more about self dealing here:

brainly.com/question/7212688

7 0

2 years ago

What rights are used to obtain credit?

larisa [96]

He federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies. There are many types of consumer reporting agencies, including credit bureaus and specialty agencies (such as agencies that sell information about check writing histories, medical records, and rental history records). Here is a summary of your major rights under the FCRA. & do me a favor and follow me on instagram @thatgirl.nay

4 0

2 years ago

In December, Davis Company had the following cost flows: Molding Department Grinding Department Finishing Department Direct mate

slava [35]

Answer:

Required 1 ; Journals

Work In Process : Grinding Department $ 128,000 (debit)

Work In Process : Molding Department $ 128,000 (credit)

Being transfer of costs from Molding to Grinding Department

Work In Process : Molding Department $ 128,000 (debit)

Work In Process : Grinding Department $ 128,000 (credit)

Being transfer of costs from Grinding to Molding Department

Finished Goods Account $40,000 (debit)

Work In Process : Finishing Department $40,000 (credit)

Being transfer of costs from Finishing department to finished goods account

Required 2 : Difference

Job Order Costing

Each production is unique and there may be no transfers to and from other departments. The is no inventory from previous processes as this is unique to the job order.

Process Costing (Currently in use)

There are transfers from and to other departments. Production is in sequence. For each departments we may also have inventories

Explanation:

Finishing Department Costs Calculation

Direct materials $17,200

Direct labor $11,600

Applied overhead $11,200

Total $40,000

Difference :

You should be able to see that the Journal entries above depicts a process costing system. Now provide reasons why this system differs from the job-order cost system. See the reasons above.

8 0

3 years ago