Farrel Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just completed year:

Direct labor cost $ 574,000
Manufacturing overhead:
Indirect labor cost $ 163,000
Other manufacturing overhead costs incurred $ 584,000
What is the journal entry to record the direct and indirect labor costs incurred during the year?

Multiple Choice

Wages Payable 737,000
Direct Labor 574,000
Manufacturing Overhead 163,000
Direct Labor 574,000
Manufacturing Overhead 163,000
Wages Payable 737,000
Wages Payable 737,000
Work in Process 574,000
Manufacturing Overhead 163,000
Work in Process 574,000
Manufacturing Overhead 163,000
Wages Payable 737,000

Answers

Answer 1

Answer:

Dr Work in Process 574,000

Dr Manufacturing Overhead 163,000

Cr Wages Payable 737,000

Explanation:

Preparation of the journal entry to record the direct and indirect labor costs incurred during the year

Based on the information given the appropriate journal entry to record the direct and indirect labor costs incurred during the year will be :

Dr Work in Process 574,000

Dr Manufacturing Overhead 163,000

Cr Wages Payable 737,000

(574,000+163,000)

(Being to record direct and indirect labor costs incurred )


Related Questions

Ted, a used car dealer, entered into a written agreement to sell a car to Debra, a sixteen year old high school junior. The agreement provided that Ted would replace any defective parts for one year. Debra agreed to pay Ted $200 per month for three years (which she has done). The age of majority for the jurisdiction is eighteen. After six months, Debra's transmission fails but Ted refuses to replace it. If Debra (or a representative on her behalf) brings a lawsuit against Ted, it is more likely than not that the court will rule

Answers

Answer:

d. Debra will prevail, as Ted is bound to the contract

Explanation:

Options are "a. Ted will prevail because Debra was a minor when the contract was formed b. the contract is illegal c. the contract is void d. Debra will prevail, as Ted is bound to the contract"

The general rule is that a minor can enter into any contract an adult can, provided that the contract is not one prohibited by law for minors such as the sale of alcoholic beverages or tobacco. Debra is a minor (below age of 18) and she can honor the contract or make it Void. Since she did not make it Void the contract, Ted is bound to the contract as per the Contract Act. So, Debra can recover because Ted was bound to the agreement.  Hence, the correct answer is Debra will prevail, as Ted is bound to the contract.

The correct option is d. Debra will prevail, as Ted is bound to the contract

Contract:Since Debra is a minor and she can honor the contract or make it Void. Since she did not make it Void the contract, Ted is responsible to the contract according to the Contract Act. So, Debra can recover because Ted was bound to the agreement.Therefore, the option d is correct.   

It is an incomplete question. Here is the rest of it

a. Ted will prevail because Debra was a minor when the contract was formed b. the contract is illegal c. the contract is void d. Debra will prevail, as Ted is bound to the contract"

learn more about the agreement here: https://brainly.com/question/24512113

If you own a business, the loan payment, rent, and your salary are examples of "

Answers

the general liabilities? could just be liabilities.
They are examples of liabilities

A first saving account pays 5% compounded annually. A second saving account pays 5% compounded continuously. Which of the two investments is better in the long term?

Answers

The account that’s compounded continuously is the better investment long-term because you accrue interest on top of interest on a daily basis which grows exponentially.

what is the significance of operation research in modern management?​

Answers

Answer:

Operations research is an important method that is used by modern management for solving complex problems under uncertain conditions. Operation research is used in business where the managers need to take risk since there are very few things are certain.

hope it helps!!

please mark as the brainliest!!

What document design strategy would improve the readability and comprehension of this passage?

Answers

We need to see the passage

Space Tech Inc. had the following expenditures this year related to a new product it was developing: Research cost for the new design - $2,200,000 Development cost of the new product (after technological feasibility and product viability is established) - $800,000 Legal and filing fees for a patent for the new design - $100,000 The product was patented before the end of the year. Required: Under GAAP, how much is Space Tech required to expense with respect to the project

Answers

Answer:

$2,200,000

Explanation:

all research and development costs incurred before a new product or service is technological feasible must be expensed. The costs incurred afterwards may be capitalized.

Expensed costs = $2,200,000

Capitalized costs = $800,000 + $100,000 = $900,000

what will cause demand to change?

Answers

Demand for a good is affected by the price, and the type of good. If the price is an inferior good the demand decreases when the price goes down, and vice versa for a normal good. So we can say for certain that a price change will always affect demand. So the answer is A.

Kristin Company sells 300 units of its products for $20 each to Logan Inc. for cash. Kristin allows Logan to return any unused product within 30 days and receive a full refund. The cost of each product is $12. To determine the transaction price, Kristin decides that the approach that is most predictive of the amount of consideration to which it will be entitled is the probability-weighted amount. Using the probability-weighted amount, Kristin estimates that (1) 10 products will be returned and (2) the returned products are expected to be resold at a profit.
(a) Indicate the amount of Net sales. Net sales _______ $
(b) Indicate the amount of estimated liability for refunds. Liability for Refunds ______ $
(c) Indicate the amount of cost of goods sold that Kristin should report in its financial statements (assume that nonee of the products have been returned at the financial statement date). Cost of Goods Sold ________ $

Answers

Answer: See explanation

Explanation:

(a) Indicate the amount of Net sales.

This will be the number of units sold by the company after 10 products returned have been deducted. We then multiply the answer by $20.

= (300 units - 10 units ) × $20

= 290 units × $20

Net sales = $5800

(b) Indicate the amount of estimated liability for refunds.

This will be the cost of the products that are expected to be returned. This will be:

= 10 units × $20 each

= $200

(c) Indicate the amount of cost of goods sold that Kristin should report in its financial statements.

This will be:

= (300 units - 10 Units returned) × $12

= 290 units × $12

= $3480

In 2014, a drought in the Midwest raised grain prices, leading to a decline in the size of cattle herds. Ultimately, the price of ground beef rose from about $3 a pound to over $4 by 2015. Demonstrate graphically the effect of the drought on equilibrium price and quantity in the ground beef market.

Answers

Answer:

please check the attached image for a graphical representation

Explanation:

As a result of the drought, the supply of ground beef would fall. This would lead to a leftward shift of the demand curve. As a result equilibrium price would rise and equilibrium quantity would fall

The Great Giant Corp. has a management contract with its newly hired president. The contract requires a lump sum payment of $25,400,000 be paid to the president upon the completion of her first 8 years of service. The company wants to set aside an equal amount of funds each year to cover this anticipated cash outflow. The company can earn 7 percent on these funds. How much must the company set aside each year for this purpose?

Answers

Answer:

The Great Giant Corp.

The Corporation must set aside the sum of $2,475,681.17 in order to achieve $25,400,000 in 8 years at an interest rate of 7%.

Explanation:

a) Data and Calculations:

Future value = $25,400,000

No. of periods = 8 years

Interest rate = 7%

Therefore, annual amount that must be set aside is $2,475,681.17.

Schedule of Payments into the Fund:

Period  Present Value      Annual Payment   Interest          Future Value

1         $0.00                    $-2,475,681.17    $0.00                $2,475,681.17

2       $-2,475,681.17       $-2,475,681.17   $-173,297.68     $5,124,660.02

3       $-5,124,660.02     $-2,475,681.17   $-358,726.20    $7,959,067.38

4       $-7,959,067.38     $-2,475,681.17   $-557,134.72     $10,991,883.27

5      $-10,991,883.27     $-2,475,681.17   $-769,431.83     $14,236,996.26

6      $-14,236,996.26   $-2,475,681.17   $-996,589.74    $17,709,267.17

7      $-17,709,267.17     $-2,475,681.17   $-1,239,648.70   $21,424,597.04

8      $-21,424,597.04   $-2,475,681.17   $-1,499,721.79    $25,400,000.00

The total cost​ (in dollars) of manufacturing x auto body frames is ​C(x)=60,000+400x. ​(A) Find the average cost per unit if 200 frames are produced. ​(B) Find the marginal average cost at a production level of 200 units. ​(C) Use the results from parts​ (A) and​ (B) to estimate the average cost per frame if 201 frames are produced.

Answers

Answer:

a) Average price per unit = 700

b) average marginal cost = -1.5 dollars/frame

c) For 201 frames are produced = $698.5

Explanation:

Given Data:

C(x) = 60000 + 400x

a) Average cost for 200 units:

Total Cost of 200 units will be:

C(200) = 60000 + 400(200)

C(200) = 140,000

Total Cost of 200 units = 140,000

Average price per unit = Total Cost / number of units

Average price per unit = 140,000/200

Average price per unit = 700

b) Marginal Average Cost:

We know that marginal cost = [tex]C^{'}[/tex](x)

And the average marginal cost = [tex]\frac{d}{dx}[/tex] [tex]\frac{C(x)}{x}[/tex]

So,

= the derivative of ([tex]\frac{60,000 + 400(x)}{x}[/tex])

= the derivative of ([tex]\frac{(60,000)}{x} + 400[/tex])

= [tex]\frac{-60,000}{x^{2} }[/tex] + 0

So,

average marginal cost = [tex]\frac{-60,000}{x^{2} }[/tex]

at x = 200 units

average marginal cost = [tex]\frac{-60,000}{200^{2} }[/tex]

average marginal cost = -1.5 dollars/frame

c) Average cost per frame if 201 frames are produced:

We already seen in the part b that, the average marginal cost is decreasing by 1.5 dollars /frame. So,

if 201 frames are produced the instead of 200 then the difference is of 1 frame and we discussed that average marginal cost of 1 frame is decreasing at 1.5 dollars per frame.

So,

As we know the average cost from part a = 700 dollars.

Therefore, for 201 item = 700 dollars -1.5 dollars

For 201 frames are produced = $698.5

Suppose scalpers buy 8,000 tickets and resell them for $100 each. How much profit do the scalpers earn?

Answers

Answer: See Explanation

Explanation:

Your question isn't complete but let me help out. Let's assume that Scalpers bought the tickets for $90 each. To find profit, the formula to use is:

= Total revenue - Total cost

Total revenue will be:

= 8000 × $100

= $800,000

Total cost will be:

= 8000 × $90

= $720,000

Profit = Total Revenue - Total cost

= $800,000 - $720,000

= $80,000

Therefore, profit will be $80,000.

Barriers to effective communication and how to overcome

Answers

Answer:

Clarify the Ideas before Communication: ...

Communicate According to the Need of Receiver: ...

Consult others before Communicating: ...

Be aware of Language, Tone and Content of Message: ...

Convey Things of Help and Value to Listeners: ...

Ensure Proper Feedback: ...

Communicate for Present as well as Future: ...

Follow up Communications:

Explanation:

A company's master budget for October is to manufacture and sell 30,000 units for a total sales revenue of $270,000, total variable costs of $180,000, and total fixed costs of $24,000. The company actually manufactured and sold 32,000 units and generated $45,000 of operating income in October. The flexible-budget operating income in October was:

Answers

Answer:

$72,000

Explanation:

The Starting point for flexing a Budget  is to determine the Standard unit Selling Price and unit Cost Prices, then apply the amounts to the actual activity/production as shown below ;

Flexible-budget for the month of October

Sales ($270,000/30,000 x  32,000)                               $288,000

Less Variable Costs ($180,000/30,000 x  32,000)       ($192,000)

Contribution                                                                        $96,000

Less Fixed Costs                                                               ($24,000)

Operating Income                                                               $72,000

Your grandfather has offered you a choice of one of the three following alternatives: $14,000 now; $7,250 a year for ten years; or $96,000 at the end of ten years. Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. Assuming you could earn 6 percent annually, compute the present value of each alternative:

Answers

Answer:

Hi how are you doing today Jasmine

Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows:

Timber rights on a tract of land were purchased for $1,600,000 on February 22. The stand of timber is estimated at 5,000,000 board feet. During the current year, 1,100,000 board feet of timber were cut and sold.
On December 31, the company determined that $3,750,000 of goodwill was impaired.
Governmental and legal costs of $6,600,000 were incurred on April 3 in obtaining a patent with an estimated economic life of 12 years. Amortization is to be for three-fourths of a year.
Required:

1. Determine the amount of the amortization, depletion, or impairment for the current year for each of the foregoing items. Do not round your intermediate calculations.

Item Impairment, Amortization or Depletion Expense
a. $
b. $
c. $


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2. Journalize the adjusting entries required to record the amortization, depletion, or impairment for each item.

Answers

Solution:

Given :

Timber rights were purchased for = $1,600,000

The stand of the timber is = 5,000,000 board feet

Goodwill impaired by the company = $3,750,000

Timber cut and sold during current year = 1,100,000 board feet

Government legal cost = $6,600,000

Therefore the amount of amortization , depletion and the impairment of the current year for each foregoing item are :

1.

Item     Impairment, Amortization or the depletion

a).         $ 352,000

b).         $ 3,750,000

c).         $ 412,500

2. Jornalizing the entries that required to record the depletion, amortization or the impairment of each of the items are :

a). The depletion expense = $ 352,000

     Accumulated expense = $ 352,000

b). Loss from the impaired goodwill = $3,750,000

    The goodwill = $3,750,000

c). Amortization expenses patent= $412500

   Patent = $412500      

"London Ceramics makes custom ceramic tiles. During​ March, the company started and finished Job​ #266. Job​ #266 consists of 2800​ tiles; each tile sells for​ $13.00. The​ company's records show the following direct materials were requisitioned for Job​ #266. LOADING...​(Click the icon to view additional​ information.) Sierra Ceramics allocates manufacturing overhead at a rate of​ $30 per direct labor hour. What is the gross profit per tile on Job​ #266?"

Answers

Answer:

Answer is explained in the explanation section below.

Explanation:

Note: The additional information which it discussed in the question is missing and without the information, it can be solved. However, I have found similar question on the internet and will be using its data to solve this question.

Tiles Completed = 2800

Each Tile sells for = $13

Here, we are required to find the gross profit per tile on job #266.

Formula for Gross Profit = Selling price of single tile - Job cost per unit.

But here, we don't know the job cost per unit and for that, we need that additional information which is missing. So, I will using following data for the sake of understanding and concept of the problem.

Direct Materials:

Basic Terra Cotta tiles  cost =  $10,000

Specialty Paint = $35

High Gloss Gaze = $48

Total Direct Materials Cost = $10,000 + $35 +$48 = $10,083

Direct Labor:

Cooper cost = $450

Kline cost = $300

Total Labor Cost = $750

Manufacturing Overhead = 38 hours x $27  = $1026

Total Job Cost = $11859

Number of Tiles = 2800

So,

Job Cost per unit = Total Job Cost / Number of Units

Job Cost per unit = $11859/ 2800

Job Cost per unit = $4.23

Now, we can calculate the required gross profit per tile on Job #266.

Formula for Gross Profit per tile = Selling price of single tile - Job cost per unit.

Gross Profit per tile = $13 - $4.23  

Gross Profit per tile = $8.77 per tile

a subsidiary, division, or unit of an organization that markets a set of related offerings to a clearly defined group of customers. a privately owned organization that serves its customers to make money so that it can survive. a group of people united through contractual or corporate ownership. a legal entity engaged in business activities solely with the intent of serving its employees without the intent of making a profit. a publicly owned organization that serves the general population.

Answers

Hope U get the answer I needed points

What are the limitations and constraints that this form of business has on the operations of the Green Bay Packers?

Answers

Answer:

Green Bay Packers

The limitations and constraints of a not-for-profit association are:

1. Unlimited liability of the club members:  This means that the members could be exposed to personal financial liability arising from their membership of the club.  When the club is unable to meet its debt obligations, individual members will be held liable for the remaining debts.

2. An unincorporated association is subject to liquidation at the slightest event.  In the event of the members' death, the association will not be able to continue.

3. A unincorporated not-for-profit organization may not be able to attain credibility as much as an incorporated organization. This disadvantage limits its ability to raise external finance.

Explanation:

The Green Bay Packers is a football club under the NFL.  It is a not-for-profit association.  Therefore, members do not enjoy the benefits arising from limited liability.

Effective project teams have a results orientation; each person has a strong commitment to accomplishing the project objective . There is a high degree of

Answers

Answer:

Effective Project leadership

Explanation:

When working on a project together, everyone has to be on the same page regarding the end goals and the means to reach the end goals. A team can only be called effective if every person is result oriented. If everyone in the team has the same level of commitment towards completing their project and thus accomplishing the objective, it is because of a high degree of Effective project leadership. An effective leader has the quality to work with different type of people and also getting the effective results.

The most important element of a business plan's financial plan is the cash budget, which shows the salary which the entrepreneur will earn. how much money is needed to start the business and keep it operating. how many units must be sold to recover start-up costs. the tangible assets owned by the firm. how many business units should be opened and the annual tax payment to be made.

Answers

Answer:

The correct answer is the second option: How much money is needed to start the business and keep it operating.  

Explanation:

To begin with, when we talk about a cash budget that is refered to a financial plan we are talking about the paper that helps the manager to establish how much money will be needed and that it will also show the flow of it in every period select by the person, commonly every month. Moreover, a cash budger is the most important part of a financial plan due to the fact that it will help the entrepreuner to have and idea of how the money is expended and from where it comes from as well so in that way he will understand better the business and its operations.

Conduct the necessary research to develop the policy using the library and the Internet. Some things that you need to keep in mind while developing this comprehensive policy are the links to the acceptable use policy (AUP), business ethics, and compliance policies. Specific technology issues should include the following: IT domain controls Administrative controls Operational controls Technical controls

Answers

Answer:

Not using service if part of law is violated.

Cease of account in case of rules break attempt.

Limit the access according to the designation of employees.

Explanation:

Acceptable use policy is the document which lists the terms and conditions which needs to be agreed to access the corporate network. The AUP included set of rules which must be agreed in order to access the network by user. The documents can includes rules regarding the administrative controls, operational controls and technical controls.

Your friend Alice is a full-time college student, earned $4,000 working at the campus bookstore over two semesters last calendar year, and also got a part-time job as a cashier in February, earning $9,500. Alice knows that you have been learning about taxes in your personal finance lessons and asks you, “Do I need to file taxes this year? If I do, what is the process like?”

Answers

Single, under the age of 65 and not older or blind, you must file your taxes if: Unearned income was more than $1,050. Earned income was more than $12,000. Gross income was more than the larger of $1,050 or on earned income up to $11,650 plus $350.

Sorry, I can not answer the second part to the question sorry.  

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March. What is company's predetermined overhead rate? How much manufacture overhead was applied to Job P and Job Q? What is the direct labor hourly wage rate? If Job P includes 20 units, what is its unit product cost? What is the total amount of manufacture cost assigned to Job Q as of the end of march (including applied overhead)? Assume the ending raw material inventory is $1,000 and the company does not use and indirect materials. Prepare then journal entries to record raw materials purchases and the issuance of direct materials for use in production. Assume that the company does not use any indirect labor. Prepare the journal entry to record the direct labor costs added to production. Prepare the journal entry to apply manufacture overhead costs to production. Assume the ending raw material inventory is $1,000 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured. Prepare the journal entry to transfer costs from Work in Process to Finished Goods. Prepare a completed work in process T-account including the beginning and ending balance and all debits and credits posted to the account. Prepare a schedule of cost of goods sold. Prepare the journal entry to transfer costs from Finished Goods to Cost of Goods Sold. What is the amount of underapplied or overapplied overhead. Prepare the journal entry to close the amount of underapplied or overapplied overhead to Cost of Goods Sold. Assume that job P includes 20 units that each sell for $3,000 and that the companys selling and administrative expense is March were $14,000. Prepare an absorption costing income statement for March.

Estimated total fixed manufacture over head $10,000

Estimated variable manufacture overhead per direct labor hour $1.00

Estimated total direct labour hours to be worked 2,000

Total Manufacturing overhead costs incurred $12,500

Job P /Job Q

Direct Material $13,000 /$8,000

Direct Labor Cost $21,000 /$7,500

Actual Direct Labor-hours worked 1,400 /500

Answers

Answer:

Sweeten Company

1. Predetermined overhead rate is:

= $6.00 per DLH

2. Manufacturing overhead applied to Job P and Job Q:

     Job P        Job Q

=  $8,400     $3,000

3.  The direct labor hourly wage rate:

=  $15 per DLH

4. If Job P includes 20 units, its unit product cost is:

= $2,120

5. The total amount of manufacturing cost assigned to Job Q as of the end of March (including applied overhead):

= $3,000

6. Assuming the ending Raw Material Inventory = $1,000, Journal Entries to record Raw Materials Purchases and the Issuance of Direct Materials for use in production:

Debit Raw Materials Inventory $22,000

Credit Accounts Payable/Cash $22,000

To record the purchase of raw materials.

Debit Work in Process $21,000

  (Job P  $13,000          

  Job Q $8,000)

Credit Raw Materials Inventory $21,000

To record the issuance of raw materials to Work in Process.

7. Assuming no indirect labor, Journal Entry to record the direct labor costs added to production:

Debit Job P $21,000          

Debit Job Q $7,500

Credit Factory Wages $28,500

To record direct labor costs to production.

8. Journal Entry to apply manufacturing overhead costs to production:

Debit Job P $8,400

Debit Job Q $3,000

Credit Manufacturing overhead $11,400

To apply manufacturing overhead costs to production.

9. Assuming the ending raw material inventory is $1,000, A Schedule of Cost of Goods Manufactured:

                                                            Job P

Direct Material                                  $13,000

Direct Labor Cost                               21,000

Manufacturing Overhead applied       8,400

Total cost of goods manufactured $42,400

10. Journal entry to transfer costs from Work in Process to Finished Goods:

Debit Finished Goods Inventory $42,400

Credit Work in Process: Job P $42,400

To transfer costs from WIP to Finished Goods.

11. Work in Process T-account with beginning and ending balance

Work in Process

Account Titles                   Debit      Credit

Beginning balance            $0

Direct Material                $21,000

Direct Labor Cost            28,500    

Manufacturing overhead  11,400

Finished Goods Inventory             $42,400

Balance                                             18,500

Totals                            $60,900  $60,900

12. A Schedule of Cost of Goods Sold:

Unit of Goods Sold = 20

Unit cost                 = $2,120

Cost of goods sold = $42,400

13. Journal Entry to transfer costs from Finished Goods to Cost of Goods Sold:

Debit Cost of Goods Sold $42,400

Credit Finished Goods Sold $42,400

To transfer costs from Finished Goods to Cost of Goods Sold.

14. The amount of underapplied or overapplied overhead:

= $1,100

15. Journal Entry to close the amount of underapplied or overapplied overhead to Cost of Goods Sold:

Debit Cost of Goods Sold $1,110

Credit Manufacturing Overhead $1,110

To close the amount of underapplied overhead to Cost of Goods Sold.

16. Assuming Job P includes 20 units that each sell for $3,000 and that the company's selling and administrative expense is March were $14,000, Absorption Costing Income Statement for March:

Sales Revenue           $60,000

Cost of Goods Sold      43,500

Gross profit                 $16,500

Selling and

Administrative

Expense                       14,000

Net Income                  $2,500

Explanation:

a) Data and Calculations:

Predetermined overhead rate is based on direct labor hours

Estimated total fixed manufacturing overhead $10,000

Estimated variable manufacturing overhead per direct labor hour $1.00

Estimated total direct labour hours to be worked 2,000

Total Manufacturing overhead costs incurred $12,500

                                                         Job P             Job Q     Total Cost

Direct Material                               $13,000           $8,000  $21,000

Direct Labor Cost                          $21,000           $7,500   28,500

Actual Direct Labor-hours worked   1,400                500      

Applied manufacturing overhead 1,400 * $6    500 * $6

=                                                    $8,400                $3,000 $11,400

Total                                                                                     $60,900

Predetermined overhead rate = $10,00/2,000 = $5 + $1 = $6

Direct labor wage rate = $21,000/1,400 = $15 per DLH

Unit Cost of Job P if 20 units:

Direct Material                    $13,000  

Direct Labor Cost               $21,000

Manufacturing overhead    $8,400

Total costs =                      $42,400

Unit cost =  $42,400/20 = $2,120

Raw materials used in production = $21,000

Ending raw materials                             1,000

Purchase of raw materials               $22,000

Underapplied or Overapplied Overhead:

Actual manufacturing overhead incurred = $12,500

Manufacturing overhead applied                    11,400

Underapplied overhead =                                $1,100

Sales Revenue = $3,000 * 20 = $60,000

In open economies, A. countries can save only by acquiring foreign wealth. B. investment always refers to the domestic stock market. C. unlike the case of a closed economy, saving and investment are not necessarily equal. D. saving and investment are necessarily equal contrary to the case of a closed economy. E. as in a closed economy, saving and investment are not necessarily equal.

Answers

Answer:

C. unlike the case of a closed economy, saving and investment are not necessarily equal

Explanation:

An open economy occurs when international businesses in addition to domestic ones engage in trading activities.

Exchanges that occur may be for management expertise, goods and services, or technology.

In contrast a closed economy is one where there is no buying or selling with international businesses.

In an open economy people can put their savings in investment outside of the country. So domestic investment is usually not equal to savings.

However in a closed economy. All the savings are invested locally, so investment is usually equal to savings

What are causes and effects of increasing marginal returns?

Answers

Answer:

the extra output or change in total product caused by adding one more unit of variable input. Increasing marginal returns: as long as each new worker contributes more to total output than the worker before, total output rises at an increasing rate.

Explanation:

What is the expected return on a portfolio that will decline in value by 10% in a recession, will increase by 15% in normal times, and will increase by 20% during boom times? Each scenario has an equal likelihood of occurrence.

Answers

Answer:

8.34%

Explanation:

expected return of the stock = ∑(likeliness to occur of every economic state x expected return) = (1/3 x 20%) + (1/3 x 15%) - (1/3 x 10%) = 6.67% + 5% - 3.33% = 8.34%

The value of the expected return is equal to the sum of the individual returns times the percentage of likeliness to occur.

(Externalities) Complete each of the following sentences: a. Resources for which periodic use can be continued indefinitely are known as ____________ resources. b. Resources that are available only in a fixed amount are ____________ resources. c. The possibility that an open-access resource is used until the net marginal value of additional use equals zero is known as the ____________.

Answers

Answer:

a. Renewable resources

b. Exhaustible resources

c. Common pool resources

Explanation:

a. Resources for which periodic use can be continued indefinitely are known as renewable resources. These refer to resources which can be reproduced and available over a period of time

b. Resources that are available only in a fixed amount are exhaustible resources. These refer to resources which are available at fixed quantity.

c. The possibility that an open-access resource is used until the net marginal value of additional use equals zero is known as the Common pool resources. These refer to renewable resources which can be accessible by everyone.

During your presentation, you realize that you are talking too fast. This is a
problem of
O Content challenges

Organizational challenges

Presentation skills challenges​

Answers

Answer:

Presentation skills challenges​

Explanation:

Presentation can be defined as an act of talking or speaking formally to an audience in order to explain an idea, piece of work, project, and product with the aid of multimedia resources or samples.

Basically, any speaker who wish to create an effective presentation should endeavor to interact frequently with the audience by holding a conversation.

This ultimately implies that, to create an effective presentation, speakers are saddled with the responsibility of interacting more often with the audience by taking questions, making a joke, getting them to repeat informations loud at intervals etc.

If during your presentation, you realize that you are talking too fast. This is a problem of presentation skills challenges.

Hence, speakers are advised to be passionate and show enthusiasm during their presentation because it would enhance their ability to speak confidently and as such leading to an engaging presentation.

Which of the following is the most accurate statement about the globalization of markets?

Answers

Answer:

many U.S. companies with famous brands are now controlled by global enterprises. U.S. businesses and those of other countries are seeking to expand around the world for many reasons.

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