Answer:
$31,000
Explanation:
Overhead rate = $620000 / 20000 = $31.00
Applied overheads = 1000 x $31.00 = $31,000
manufacturing overhead should be applied to Job A15 are $31,000
Shmenson Company uses the periodic inventory system. Sales for 2020 were $470,000 while operating expenses were $175,000. Beginning and ending inventories for 2020 were $70,000 and $60,000, respectively. Net purchases were $180,000 while freight in was $15,000. The net income or loss for 2020 was:
Answer:
The net income for 2020 was $90,000
Explanation:
Shmenson Company
Income Statement for the year ended 2020
Sales $470,000
Less Cost of Sales
Beginning Inventories $70,000
Add Net purchases $180,000
Add Freight In $15,000
Less Ending Inventories ($60,000) ($205,000)
Gross Profit $265,000
Less Expenses
Operating expenses ($175,000)
Net Income $90,000
Conclusion
Thus, the net income for 2020 was $90,000.
What effect will each of the following have on the demand for small automobiles such as the Mini-Cooper and Fiat 500? a. Small automobiles become more fashionable: No change . b. The price of large automobiles rises (with the price of small autos remaining the same): (Click to select) . c. Income declines and small autos are an inferior good: (Click to select) . d. Consumers anticipate that the price of small autos will greatly come down in the near future: (Click to select) . e. The price of gasoline substantially drops: (Click to select) .
Answer:
a. Small automobiles become more fashionable:
demand curve will shift to the right, increasing total quantity demanded and prices
b. The price of large automobiles rises (with the price of small autos remaining the same):
demand curve will shift to the right, increasing total quantity demanded and prices
c. Income declines and small autos are an inferior good:
demand curve will shift to the right, increasing total quantity demanded and prices
d. Consumers anticipate that the price of small autos will greatly come down in the near future:
demand curve will shift to the left, decreasing total quantity demanded and prices
e. The price of gasoline substantially drops:
demand curve will shift to the left, decreasing total quantity demanded and prices
What is the largest concern regarding the
'educate' and 'support' steps in the
process of implementing change?
A. Time
B. Expense
C. Difficulty