Answer:
70 units$700Explanation:
1. The demand curve is given and the price is given as well. Substitute the price ceiling into equation.
P = 1,200 - 10q
500 = 1,200 - 10q
q = (1,200 - 500 ) / 10
q = 70 units
2. If there was no price ceiling and 50 units, market price would be;
P = 1,200 - 10 * 50 apartments
P = $700
Which of the following is ethics most closely related to?
A) Values
B) Locus of control
C) Myers-Briggs type Indicator
D) Personality
E) Ability
Ethics most closely related to the values. Thus, the correct option is A). Values.
What is ethics?Ethics is a structure of moral principles. It refers to the guidelines for conduct, which basically address the questions of morality.
Ethical value is the degree of importance, which serve to distinguish between good and bad, right and wrong, moral and immoral.
Basically, ethics is concerned with what is good for individuals and society as moral philosophy.
Learn more about the ethics here:-
https://brainly.com/question/11992384
#SPJ2
The cost of a purchased building includes all of the following except:________. a. closing costs. b. real estate broker's commission. c. remodelling costs. d. All of these are included.
Answer:
B because the broker pays their part of comission if I'm correct
The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,057. A total of 37 direct labor-hours and 194 machine-hours were worked on the job. The direct labor wage rate is $24 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $33 per machine-hour. The total cost for the job on its job cost sheet would be: Multiple Choice $6,722 $9,347 $6,303 $11,492
Answer:
B. $9,347
Explanation:
Total direct labor = 37 direct labor hours * $24
Total direct labor = $888
Total overhead = $33 * 194 machine hours
Total overhead = $6,402
Total cost for the job = Direct materials + Direct labor + Overheads
Total cost for the job = 2057+888+6402
Total cost for the job = $9,347
The risk premium for exposure to exchange rates is 7%, and the firm has a beta relative to exchange rates of 0.4. The risk premium for exposure to the consumer price index is -6%, and the firm has a beta relative to the CPI of 0.8. If the risk-free rate is 3%, what is the expected return on this stock?
Answer: 1%
Explanation:
From the question, we are informed that the risk premium for exposure to exchange rates is 7%, and the firm has a beta relative to exchange rates of 0.4.
We are further told that the risk premium for exposure to the consumer price index is -6%, and the firm has a beta relative to the CPI of 0.8. When the risk-free rate is 3%, the expected return on this stock will be:
= 0.03 + 0.4(0.07) + 0.8(-0.06)
= 0.03 + 0.028 - 0.048
= 0.058 - 0.048
= 0.01
= 1%
g Which of the following IS NOT an issue with alternative investment decision tools? Said another way, which of the following is a false statement? Group of answer choices IRR takes into account relative scale/size of cash flows IRR struggles to handle cash flows shifting from negative to positive to negative to positive Payback rule is simple and favors shorter term projects IRR does not take adequately into account relative timing of cash flows
Answer:
IRR does not take adequately into account relative timing of cash flows
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested .
When cash flows shift from negative to positive to negative to positive, it can lead to the multiple IRR problem
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback does not take adequately into account relative timing of cash flows
The market rewards investors for bearing ____________ risk.a. diversifiableb. undiversifiablec. unsystematicd. total
Answer:
B
Explanation:
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
systemic risk or undiversifiable is measured by beta . It is the risk that cannot be eliminated by diversifying portfolio
unsystemic risk or diversifiable is risk specific to a business and it can be eliminated by diversifying portfolio
Social media:_____.
a. cannot be compared to traditional advertising in any meaningful way.
b. is thought of by most people as any tool or service that assist conversation.
c. has less sophisticated ways of measuring how marketers meet and interact with consumers than traditional advertising.
d. offer more one-to-one ways to meet consumers than traditional marketing media.
Answer:
d. offer more one-to-one ways to meet consumers than traditional marketing media.
Explanation:
Social media gives the opportunity to meet and communicate with consumers more easy. One can contact a consumer by sending a direct message. This opportunity is not available with traditional media such as newspapers, radios and television adverts.
Social media also makes it easy to find potential customers. A marketer can send a message advertising ones products
Jones company lends Alabater Inc. $85,000 on August 6, 2018. This loan was memorialized with a signed note receivable with a repayment term of 90- days with a 10% interest rate. When the loan comes due, Alabaster Inc, must repay the $85,000 principle and $_____in interest. Calculate the amount of interest that Alabaster Inc. must pay Jones Company.
A) $8,500.
B) $2,095.
C) $2,125.
Answer:C) $2,125.
Explanation:
Interest = Principal x rate x time (period)
using days in a year = 360 days
Interest = $85,000 X 10% x 90/360
=$2,125
Therefore, Alabaster Inc, must repay the $85,000 principle and $2,125 in interest
Your current assignment at York Foods is to find the major benefits people look for in the packaged goods market, the kinds of people who look for each benefit, and the major brands that deliver each benefit. Your assignment involves an analysis of the __________ element of the marketing mix. Question 4 options: people price product promotion
Answer:
People
Explanation:
People is the component of the marketing mix that deals with what the customer wants and how to effectively tailor products to meet those needs
It gives rise to segmentation of customers based on their preferences. Customers within a given segment are effectively catered for by because the company has an understanding of how to satisfy them.
In this scenario we want to find the major benefits people look for in the packaged goods market, the kinds of people who look for each benefit, and the major brands that deliver each benefit.
Exporting only after receiving unsolicited foreign inquiries is best described as:________.a. Direct exporting.b. Indirect exporting.c. Passive or sporadic exporting.d. Inactive exporting.e. None of the above.
Answer:
c. Passive or sporadic exporting
Explanation:
Passive or sporadic exporting is a business operations related term that is used in describing a form of exporting activities or carrying out an exchange of commodities stimulated by unrequested examinations from abroad.
Hence, in this case, the correct answer is Exporting only after receiving unsolicited foreign inquiries is best described as "Passive or sporadic exporting"
Decision Point: Choosing Your Data Collection Method Having chosen to use a survey to obtain descriptive data on eSports attitudes, you now need to decide how to contact consumers. You want to gather a large quantity of data fairly quickly, while not incurring high costs. How will you collect this data
Answer:
telephone interview, email
Explanation:
Since the researcher requires an inexpensive way or method of collecting data for the research, the best method would be through telephone interview or email. Using this method the researcher would not need to interview the respondents in person or give questionnaires in person which would require that the researcher travel or transport himself to the destination or destinations of the respondents in trying to collect data for his research
Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is $1 per can, the price of a hamburger is $2, Bill's marginal utility from Pepsi is 4, and his marginal utility from hamburgers is 6. Bill could increase his utility by:
Answer:
INCREASE the consumption of Pepsi and REDUCE the consumption of Hamburger
Explanation:
Based on the information given we were told that Bill uses his whole budget to purchase the following :
5 cans of Pepsi
3 Hamburgers per week
And the following were the price:
Pepsi costs $1 per can
Hamburger cost $2
Bill marginal utility:
Pepsi 4
Hamburgers 6
Based on the above details this means that Bill could increase his utility by INCREASING Pepsi consumption and REDUCING hamburger consumption reason been that 5 cans of Pepsi costs $1 per can which will gives us income of $5 ($5×1) while 3 Hamburgers per week cost $2 which will give us income of $6 ($3×2) which typically means that the Hamburgers has more income that Pepsi.
Secondly since the marginal utility for Pepsi is 4 while that of Hamburgers is 6 which means that Hamburgers has higher MARGINAL UTILITY than that of Pepsi because the consumption of Hamburgers is higher than the consumption of Pepsi.
Therefore the best thing that Bill could do in order to increase his Pepsi utility is for Bill to increase Pepsi consumption and reduce hamburger consumption.
Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23,400. 2. Provide services to customers and receive cash of $6,800. 3. Pay the current month's rent of $1,300. 4. Purchase office supplies on account for $1,000. 5. Pay employee salaries of $2,100 for the current month. Required:Record the transactions. Terapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense.
Answer:
Journal Entries
Journal 1 :
Equipment $23,400 (debit)
Cash $23,400 (credit)
Being Purchase of Equipment
Journal 2 :
Cash $6,800 (debit)
Service Revenue $6,800 (credit)
Being Service rendered for Cash
Journal 3 :
Salaries Expense $2,100 (debit)
Cash $2,100 (credit)
Being Salaries expense paid
Explanation:
Narrations have been provided to explain the transaction. Remember to use the account titles provided in accounting for the transactions.
You are part of a knowledge management team that is interested in improving the user experience for your organization. The team members know you have taken a course in informatics and ask your advice about how to get started with usability in the organization. You recommend:___a. talking to the CEO about her ideas.b. examining the support call lists and system change requests.c. working with only physicians, since they have been the most vocal about issues withthe EHR.d. hiring a consultant.
Answer:
b. examining the support call lists and system change requests.
Explanation:
Remember, we are told the team member is part of a knowledge management team that has taken a course in Informatics.
We need to also note that Informatics involves activities meant to collect, organize, analyze, and preserve data records relevant to an organization.
Thus, the only activity among the options which could help the team member learn about the usability in the organization would be to examine the support call lists and system change requests.
Having unnecessary fluff in your comments can _____.
a.
Cause your message to be unclear
b.
Make your audience energized
c.
Make your comments more concise
d.
Show off your education
Answer:
A. Cause your message to be unclear
Explanation:
The correct answer is Having unnecessary fluff in your comments can Cause your message to be unclear
When Jeannie, a technical writer, specializes in simplifying that are highly complex with the information. so that She can make the most difficult, dense, and also that confusing material easily that is understandable. when Jeannie was hired by Jackson, who was fascinated by nuance, subtlety, and also hidden meanings. the Jackson is always found everything to have a deeper, a more complex, or that is ambiguous meaning. When Jeannie and also that Jackson worked together, it was a big disaster. Then They are engaged in a mental tug of war with each of them and it is pulling in opposite with the directions. Although they are liked with each other and also that they are compromised to accommodate the other, then they were never able to reach a happy medium and also that it could not succeed with the work together.Learn more about:
https://brainly.com/question/2149344
Tha tabacoo compaines have paid billions because of smoking.a. Trueb. False
Answer:
a. True
Explanation:
As per the data collected as on April 15, 2019 which reflects the tax day in the united states. On this date, the five greatest companies who deals in tobacco pay $9 billion to the state governments each and every year to settle out the legal proceeding for the year 1998 in order to compensate the states for the tobacco-related cost illness like - cancer, heart disease, etc
Therefore according to the above information, the given statement is true
New entrants to an industry are more likely when:a. differentiation among existing competitors is highb. access to distribution channels is limitedc. switching costs for consumers are lowd. capital requirements to enter the industry are highe. expected retaliation from existing competitors is high
Answer:
c. switching costs for consumers are low
Explanation:
New entrants to an industry are when new firms enter into an industry.
When it is easy for consumers to change product, it would be easy for consumers to switch to a new product. This would create a market for the new entrant.
, is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $311,900, retained earnings of $512,159, inventory of $214,500, goodwill and other assets equal to $78,656, net plant and equipment of $714,100, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Blossom Automotive have?
Answer:
Blossom Automotive have long-term debt of $174,321.
Explanation:
This can be estimated using the following accounting equation:
Total Assets = Shareholders' equity + Total liabilities ............... (1)
Where;
Total Assets = cash balance + inventory + goodwill and other assets + net plant and equipment + accounts receivable + other current assets = $23,015 + $214,500 + $78,656 + $714,100 + $141,258 + $11,223 = $1,182,752
Shareholders' equity = common stock + retained earnings = $311,900 + $512,159 = $824,059
Short-term liabilities = accounts payable + short-term notes payable = $163,257 + $21,115 = $184,372
Total liabilities = Short-term liabilities + long-term debt = $184,372 + long-term debt
Substituting the relevant values into equation (1) and solve for long-term debt, we have:
$1,182,752 = $824,059 + $184,372 + long-term debt
long-term debt = $1,182,752 - $824,059 - $184,372
long-term debt = $174,321
Therefore, Blossom Automotive have long-term debt of $174,321.
Note that common skills are listed toward the top, and less common skills are listed toward the bottom.
According to O*NET, what are common skills needed by Foresters? Check all that apply.
speaking
troubleshooting
monitoring
equipment maintenance
O complex problem-solving
coordination
repairing
critical thinking
Answer:
1,3,5,6,8
Explanation:
Answer:
Speaking, Monitoring, Complex problem-solving, coordination, and critical thinking.
What is motivation?
Answer:
The answer is A.
Explanation:
Motivation is the urge to perform a certain act.
Motivation can be caused by perervance, beliefs, ect.
Motivation is the energy and desire to act in a certain way. The mental components powering individuals' conduct with regards to work objectives could incorporate a longing for cash Option(A) is correct.
What does Motivation means?Motivation is the justification behind which people and different creatures start, proceed, or end a way of behaving at a given time.
Motivational states are normally perceived as powers acting inside the specialist that make a demeanor to participate in objective coordinated conduct It is much of the time held that different mental states rival one another and that hands down the most grounded state decides conduct. This implies that we can be spurred to accomplish something without really getting it done.
The paradigmatic mental state giving motivation is want. Be that as it may, different states, for example, convictions about what one should do or expectations, may likewise give motivation. Motivation is gotten from the word 'intention,' which signifies an individual's necessities, wants, needs, or inclinations.
Therefore Option(A) is correct.
Learn more about Motivation here:
brainly.com/question/9176131
#SPJ5
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales $ 924,000 Selling price per pair of skis $ 420 Variable selling expense per pair of skis $ 46 Variable administrative expense per pair of skis $ 18 Total fixed selling expense $ 135,000 Total fixed administrative expense $ 115,000 Beginning merchandise inventory $ 75,000 Ending merchandise inventory $ 105,000 Merchandise purchases $ 310,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit?
Answer:
Results are below.
Explanation:
First, we need to determine the units sold:
Units sold= 924,000/420= 2,200
Absorption costing income statement:
Sales= 924,000
COGS= (46*2,200)= (101,200)
Gross profit= 822,800
Total administrative expense= (18*2,200) + 115,00= (154,600)
Total fixed selling expense= (135,000)
Net operating profit= 533,200
Variable costing income statement:
Sales= 924,000
Variable cost= (46 + 18)*2,200= (140,800)
contribution margin= 783,200
Total administrative expense= (115,000)
Total fixed selling expense= (135,000)
Net operating profit= 533,200
Contribution margin per unit= 420 - (46+18)= $356
he Foundational 15 [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6] [The following information applies to the questions displayed below.] Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 6.00 Direct labor $ 3.50 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 3.00 Fixed administrative expense $ 2.00 Sales commissions $ 1.00 Variable administrative expense $ 0.50 Foundational 1-1 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?
Answer:
Total product cost= $150,000
Explanation:
Giving the following information:
10,000 units:
Direct materials $ 6.00
Direct labor $ 3.50
Variable manufacturing overhead $ 1.50
Fixed manufacturing overhead $ 4.00
The product cost is the sum of direct material, direct labor, and total overhead.
First, we need to calculate the total fixed overhead:
Fixed overhead= 4*10,000= $40,000
Now, the total product cost:
Total product cost= 10,000*(6 + 3.5 + 1.5) + 40,000
Total product cost= $150,000
The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $944,970 Office expense 217,345 Miscellaneous expense 18,900 Wages expense 453,585 Accounts payable 23,625 Accounts receivable 66,150 Cash 253,375 Common stock 135,000 Land 302,000 Supplies 11,340 Cash dividends of $35,900 were paid during the year. Retained earnings as of June 1, 20Y5, were $255,000. Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity.
Answer:
Retained earnings as of May 31, 20Y6 = $474,240
Net Assets = Total Owners' Equity = $609,240
Explanation:
To do this, the income statement is first prepared to determine the Retained earnings as of May 31, 20Y6 as follows:
Paradise Travel Service
Income Statement
for the year ended May 31, 20Y6
Particulars $
Fees earned 944,970
Office expense (217,345)
Miscellaneous expense (18,900)
Wages expense (453,585)
Net income 255,140
Cash dividends paid (35,900)
Retained earning for the year 219,240
Retained earnings as of June 1, 20Y5 255,000
Retained earnings as of May 31, 20Y6 474,240
The Balance Sheet is now prepared as follows:
Paradise Travel Service
Balance Sheet
for the year ended May 31, 20Y6
Particulars $
Fixed Assets
Land 302,000
Current Assets
Cash 253,375
Accounts receivable 66,150
Supplies 11,340
Total Assets 632,865
Liability
Accounts payable (23,625)
Net Assets 609,240
Owners' Equity:
Common stock 135,000
Retained earnings as of May 31, 20Y6 474,240
Total owners' equity 609,240
Note that Net Assets and Total Owners' Equity are both equal to $609,240. This is as required in accounting and it shows the Balance Sheet is accurately prepared.
Transactions Amy Austin established an insurance agency on March 1 of the current year and completed the following transactions during March: Opened a business bank account with a deposit of $50,000 from personal funds. Purchased supplies on account, $4,000. Paid creditors on account, $2,300. Received cash from fees earned on insurance commissions, $13,800. Paid rent on office and equipment for the month, $5,000. Paid automobile expenses for the month, $1,150, and miscellaneous expenses, $300. Paid office salaries, $2,500. Determined that the cost of supplies on hand was $2,700; therefore, the cost of supplies used was $1,300. Billed insurance companies for sales commissions earned, $12,500. Withdrew cash for personal use, $3,900. Required: 1. Indicate the effect of each transaction and the balances after each transaction. For those boxes in which no entry is required, leave the box blank. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) Assets
Answer:
Opened a business bank account with a deposit of $50,000 from personal funds.
Assets (Bank) = +$50,000
Stockholder's equity (capital) = +$50,000
Purchased supplies on account, $4,000.
Assets (supplies) = +$4,000
Liabilities (Accounts Payable) = +$4,000
Paid creditors on account, $2,300.
Assets (cash) = -$2,300
Liabilities (Accounts Payable) = -$2,300
Received cash from fees earned on insurance commissions, $13,800.
Assets (cash) = +$13,800
Service Revenue = +$13,800
Paid rent on office and equipment for the month, $5,000.
Assets (cash) = -$5,000
Expenses (Operating Expenses) = +$5,000
Paid automobile expenses for the month, $1,150, and miscellaneous expenses, $300.
Assets (cash) = -$1,450
Expenses (Operating Expenses) = -$1,150
Expenses (Miscellaneous Expenses) = -$300
Paid office salaries, $2,500.
Assets (cash) = -$2,500
Liabilities (Wages Payable) = -$2,500
Determined that the cost of supplies on hand was $2,700; therefore, the cost of supplies used was $1,300.
Supplies expense = +$1,300
Billed insurance companies for sales commissions earned, $12,500.
Service Revenue = +$12,500
Assets (Accounts Receivable) = +$12,500
Withdrew cash for personal use, $3,900.
Assets (Bank) = -$3,900
Expenses (Personal Expense) = +$3,900
Moody's bond ratings are based primarily on an issuer's:___________.
a. capitalization
b. expected trading volume of a bond issue
c. financial strength
d. expected marketability of a bond issue
Answer:
The answer is C.
Explanation:
Moody's bond ratings are based on financial strength of the issuer i.e its ability to pay a bond's principal and interest as and when due.
Moody's rating scale are as follows: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C.
The best rating is Aaa which is similar to Standard and Poor's, AAA.
These ratings help to know the issuer (corporation, nations etc.) that are worthy to be given bonds.
The highest amount a firm can charge for its products is most directly affected by:______.
a. expected retaliation from competitors.b. the cost of substitute products.c. variable costs of production.d. customers' high switching costs.
Answer:
Option B, the cost of substitute products, is the right answer,
Explanation:
Option “B” is the correct answer because if the price of substitute goods is lower then the consumer will go for that commodity. While, if the prices of substitutes are higher then the consumer will not prefer the substitute goods. So the company or firm takes the price of substitutes into consideration before deciding the price of goods. If a firm charges the price that is costlier for the consumer and the consumer is able to find the lower price of substitute goods then the demand for the main commodity will fall and the demand for substitute will increase.
The highest charge of firm on his product can be directly affected B: he cost of substitute products.
A substitute product can be regarded as goods that serves the same purpose that another product serves in the marketin competitive market, there are some factors that affect how much a firm can charge, availability of substitute product is one of them,
If a firm charge so high on its product, the consumer will just switch to similar product that serve same purpose and this will reduce the sales rate.
Therefore, option B is correct
Learn more at:https://brainly.com/question/10423146?referrer=searchResults
The initial solution to a transportation problem can be generated several ways, so long as:_______.
A) it minimizes cost
B) it ignores cost
C) all supply and demand conditions are satisfied
D) degeneracy does not exist
E) all cells are filled
Answer:
c
Explanation:
because why wouldnt u pay
The initial solution to a transportation problem can be generated several ways, so long as: all supply and demand conditions are satisfied. Thus option (C) is correct.
What is transportation?Transportation is the movement of goods from one location to another. The main motive of transportation is to supply goods from the producers to the consumers for consumption.
For example, one location might be the place where we have source raw materials (like Kuwait for oil) or where we have source goods from a manufacturing facility ( like in California).
We will transport these goods through these goods through different modes like waterways or railways to the end consumers like in Mexico or India. We call such a location a node in the supply chain. There is then a series of such nodes or locations to finally get to the end customer.
The initial solution to a transportation problem can be generated several ways, so long as: all supply and demand conditions are satisfied. Therefore, option (C) is correct.
Learn more about transportation here:
https://brainly.com/question/29763778
#SPJ6
You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt, Inc. finances its $34.25 million in assets with $32.25 million in debt and $2.00 million in equity. LotsofEquity, Inc. finances its $34.25 million in assets with $2.00 million in debt and $32.25 million in equity. Calculate the debt ratio. (Round your answers to 2 decimal places.) Calculate the equity multiplier. (Round your answers to 2 decimal places.)
Answer:
Debt ratio
94.16%
5.84%
Equity multiplier
17.13%
1.06%
Explanation:
The debt ratio can be calculated as follows
Lots of debt incorporation= total liability/total assets.
= 32.25/34.25
= 0.9416×100
= 94.16%
Lots of equity incorporation= 2.00/34.25
= 0.05839 × 100
= 5.84%
The eqiuty multiplier can be calculated as follows
Lots of debt incorporation= equity/multiplier
= 34.25/2.00
= 17.13%
Lots of equity incorporation= equity/multiplier
= 34.25/32.25
= 1.06%
The Fabricating Department started the current month with a beginning Work in Process inventory of $10,500. During the month, it was assigned the following costs: direct materials, $76,500; direct labor, $24,500; and factory overhead, 60% of direct labor cost. Also, inventory with a cost of $111,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is:
Answer:
Ending work in process = $14,700
Explanation:
The production process is divided into different stages and includes Raw materials (unprocessed input), Work in process (a combination of processed and unprocessed input), and Finished goods.
In this scenario the work in process started out as $10,500
There was an addition of direct materials
Work in process will increase to 10,500 + 76,500 = $87,000
Other additions are direct labour and factory overhead
Direct labour = $24,500
Factory overhead = 0.6 * 24,500 = $14,700
Inventory cost will be deducted
Ending work in process = 87,000 + 24,500 + 14,700 - 111,500 = $14,700
Which 3 statements regarding Bank Rules are true? (Select all that apply)
A) Bank rules can be prioritized Bank Rules are only included in QuickBooks Online Plus or Advanced subscriptions
B) Bank rules can be copied, edited, or deleted
C) You can automatically add transactions to the register using Bank Rules
D) There is an additional fee to use Bank Rules in QuickBooks Online
E) Only an Accountant user can set up Bank Rules in QuickBooks Online
Answer:
A) Bank rules can be prioritized Bank Rules are only included in QuickBooks Online Plus or Advanced subscriptions
B) Bank rules can be copied, edited, or deleted
C) You can automatically add transactions to the register using Bank Rules
Explanation:
Bank rules help in the creation of transactions that are imported from the bank feed automatically.
The three statements regarding Bank Rules that are true are:
A) Bank rules can be prioritized Bank Rules are only included in QuickBooks Online Plus or Advanced subscriptions
B) Bank rules can be copied, edited, or deleted
C) You can automatically add transactions to the register using Bank Rules
The true statement about the Bank Rules includes that:
they can be prioritized and only included in QuickBooks Online Plus or Advanced subscriptions they can be copied, edited, or deletedone can automatically add transactions to the register using Bank Rules
The Bank rules in this context entails the set of rules which help in the creation of transactions that are imported from the bank feed automatically.
Hence, the three statements regarding Bank Rules that are true includes:
they can be prioritized and only included in QuickBooks Online Plus or Advanced subscriptions they can be copied, edited, or deletedone can automatically add transactions to the register using the Bank RulesTherefore, the Option A, B and C is correct.
Read more about this here
brainly.com/question/22305958
