Henry Ford introduced the assembly line in 1913, and his workers despised it. Forget the Model T; Ford's true breakthrough was the moving assembly line.
The assembly line manufacturing method was the key creative technology that enabled Henry Ford to build a vehicle that could be built and sold at a reasonable cost. Serial manufacturing emerges from this new production system known as Fordism (a word created by A. Gramsci). Each item is added as the product travels along the work station until the final assembly is completed. With this method, many workers were required to use machines and do repetitious duties. As a result, the employer may now exert control over the worker's productive time (determined by the speed of the assembly tape).
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a property that is being sold is exclusively identified on the sales contract as 24029 wisteria st., naples, fl 34101. is this a valid legal description?
This street address is not precise enough; a legal land description is needed.
Property is an item of law that encompasses goods or riches collectively and usually has a strong sense of individual ownership. The phrase is used in law to describe the intricate web of legal connections people have with one another and with objects. Law pertaining to land is known as legal land, and it regulates people's rights to use, alienate, or exclude others from land. These types of property are distinguished from personal property in various countries by the term "real estate" or "real property." Land use agreements, such as renting, are a significant area where contract law and property law converge. An easement, for example, may impose a restriction on one person's land rights. The notions of mineral rights and water rights are frequently interwoven and intertwined.
the complete question is:
A property that is being sold is exclusively identified on the sales contract as 24029 Wisteria St., Naples, FL 34101. Evaluate the validity of this as a legal description.
i) This legal description is invalid because it does not cite latitude and longitude lines.
ii) This is an acceptable legal description for the property in the contract.
iii) This street address is not precise enough; a legal land description is needed.
iv) Abbreviations such as "St." and "FL" are permissible on real estate contracts.
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sellers set the demand for a product, while the buyers set the supply. T/F
The sellers set the demand for a product, while the buyers set the supply. The statement is False.
What is demand?When the willingness of an individual to buy any product is increased it gives rise to the demand. This willingness will shift with a change in the price or quality.
The availability of the desired item on the market is referred to as supply. This can also refer to products, raw materials, or money. If the supply of the commodities that are demanded is insufficient, that indicates scarcity.
It is the buyers who set the demand based on their needs and preferences for a product while the seller set the supply based on the demand.
Therefore, the statement is false.
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identify the type of data that would be used to describe a response age of executives in fortune 500 companies
A response age of executives in fortune 500 companies is qualitative discrete.
What is fortune500 company?The Fortune 500 is an annual ranking of 500 of the largest American firms based on total revenue for each of their separate fiscal years, compiled and published by Fortune magazine. There are both privately held businesses whose revenues are disclosed publicly and publicly traded businesses on the list. A ranking of the 500 biggest American corporations is referred to as the Fortune 500 and is prepared annually by Fortune magazine. The annual revenues for each fiscal year for each company are used to determine the ranking. Using publicly available revenue data, this list consists of both private and public companies.Through a licensing deal, Time Inc., the US-based publisher of Fortune, and Kolkata-based ABP Group, one of India's biggest media conglomerates, publish Fortune India once a month in English.To learn more about fortune500 company refer to:
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the monthly payroll system contains every pay period from the start of the year and is updated weekly. this data will be used to write a weekly payroll report. however, when working with the data, the date field for payroll date does not appear to have a date hierarchy. what is most likely?
The most likely explanation is that the data is stored as a text field instead of a date field.
What is date field?A date field is a type of data entry field which is used to store date values. It is typically found in databases, spreadsheets, and other software applications. A date field typically stores the date in a standardized format, such as YYYY-MM-DD or DD/MM/YYYY. The exact formatting may vary depending on the application, but the standard format is generally used. Date fields are useful for tracking dates related to events, deadlines, or other important dates in an application. They can also be used to calculate time intervals between dates, such as the time elapsed between two events. Date fields can be used for various purposes, such as for tracking the age of a person or for tracking the time of a purchase.
\Text fields do not have a date hierarchy, so it will be necessary to manually reformat the dates in order to create a date hierarchy.
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expert content is also referred to as
Expert content, also known as authoritative content, is content created by professionals with extensive knowledge and experience in the subject matter.
This type of content is often used to educate audiences, to provide reliable information and to support research.
Expert content is generally the most reliable source of information, as it is written by people who have spent a significant amount of time studying the topic in question.
It is important to use expert content when conducting research and forming opinions on a given subject, as it ensures accuracy and offers the best possible insight.
Expert content is content that has been created by professionals with expertise in a certain field.
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the accounting department reports that the balance of accounts receivable is $210,000. you are willing to accept that balance if audit sampling suggests it is within $15,000 of the actual balance. using a classical variables sampling plan, you compute a 95% confidence interval of $208,000 to $225,000. you would therefore:
Therefore, you would accept a balance of $210,000 because the confidence interval is within the bounds of significance.
Customers' unpaid debts for goods or services they have received but not yet paid for are referred to as accounts receivable. For instance, when a consumer makes a credit purchase, the unpaid balance is included in accounts receivable. An obligation arising from a commercial transaction.
The sooner you pay your accounts receivable, the sooner you can use your accounts receivable to pay off your debt like a debt. Accounts receivable are assets recorded on the balance sheet as a result of unpaid sales transactions, explains Nicolas Fontaine, Senior Business Advisor at BDC Advisory Services. "More specifically, it is a financial asset that gains value as soon as a transaction is completed and money is exchanged for it. Accounts receivable are recorded as debits on the asset side of the balance sheet. Usually it's a short-term asset and usually he's realized within a year, so it's short-term. "
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you are in the process of creating the configuration management plan for the scope of a project that you are managing. which item will you need to identify?
Which configuration items require version control. you are in the process of creating the configuration management plan for the scope of a project that you are managing.
In general, a configuration is the arrangement - or the act of arranging - of the pieces that comprise a whole. A configuration in computers and computer networks frequently refers to the technical hardware and software specifics in terms of devices attached, capacity or capabilities, and exactly what the system is made up of A configuration in a network frequently refers to the network topology. Configuration is the deliberate process of specifying choices that are available when installing hardware and software. See also configuration management. The way components are assembled to form the computer system is referred to as configuration. The configuration includes both hardware and software components.
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how to book monthly entries when you have an expense that was paid in one month but incurred in prior months
Therefore, understating an expense will result in a rise in profit during the period in which the entry is made, whereas understating a revenue will result in a fall in profit during that time.
In what way are accruing costs recorded?Accrued expenses are documented by debiting the appropriate expenditure account and crediting an accrued liability account. Then, in the time that follows, the entry must be reversed with a fresh journal entry. For instance, a company wants to set aside $10,000 for a June power bill.
How would a journal entry for accruing expenses look?Journal entry for accrued expenses. A journal entry for accumulated expenses is generated when a corporation incurs expenses over the course of one accounting period but does not actually pay those charges during that accounting period. In this instance, the expenditure account is debited and the accumulated liabilities account is credited.
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Which Personal Protective Equipment (PPE) and essential paperwork must be worn/carried at all times (select all that apply)? Gloves Safety visibility vestDriver's licenseMedical certificate (for DOT drivers)
The wearing or carrying of closed-toe shoes, a safety vest, and a driver's license is required at all times.
What is PPE, or personal protective equipment?Gloves, safety goggles, shoes, earplugs or muffs, hard helmets, respirators, coveralls, vests, and full body suits are examples of personal protection equipment.
PPEs, or personal protective equipment, refers to the protective garments worn by users to safeguard them from harmful substances or contagious diseases. These kits are required for medical practitioners and anyone handling hazardous materials.
PPE packages contain any suit, medical gown, pair of gloves, or other covering that safeguards against hazardous diseases or chemicals.
These kits are worn in an effort to prevent getting sick. They act as a barrier between the person and the dangerous substance.
When working with any dangerous product or disease, it is imperative and safe for a person to wear closed-toe shoes, a safety visibility vest, and to always have a driver's license on them.
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in a statement of activities of a voluntary health and welfare organization, contributions to the building fund should
Contributions to the building fund should be listed as a source of support in a statement of activities for a voluntary health and welfare organisation.
What do you know about voluntary health?
Voluntary health is an approach to health and wellbeing that focuses on individuals taking an active role in their own health and wellbeing. It is based on the idea that individuals can live healthier lives and make healthier choices if they are given the right information, support and encouragement. Through voluntary health, individuals can become more aware of their own health needs, take steps to reduce potential risks, and access support and resources to help them make decisions that will benefit their health and wellbeing. Voluntary health also involves individuals engaging with their local communities, and working together to promote health and wellbeing.
So, the required answer is included as an element of support.
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laurie was so angry when she was passed over for a promotion that she intentionally poured a bottle of molasses on her supervisor's keyboard. this is an example of which counterproductive behavior?
This is an example of Sabotage's counterproductive theory.
The reverse of what is intended or desired results in anything being unproductive. Because they incentivize quicker driving, improved safety features in cars can actually work against us. Abortive failures, both in terms of persons and things. Theft, fraud, sexual harassment, bullying at work, absenteeism, drug usage, aggressive behavior at work, and sabotage are just a few examples of the many various types of counterproductive work behaviors that exist.
English dictionary definition of counterproductive resulting in a different outcome from what is desired or intended: Because they incentivize quicker driving, improved safety features in cars can actually work against us.
When something is counterintuitive, it does not proceed in the manner you would anticipate: The opposite of the direction you wish to go is how you should press the tiller when steering a sailboat.
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when managers execute a tactical plan, what kinds of activities are involved? check all that apply. distributing resources evaluating results planning strategically evaluating effectiveness of possible actions anticipating conflicts
When the managers execute tactical plan, distributing resources and evaluating results are the activities that are involved.
What is a tactical plan?A tactical plan defines the procedures that must be taken in order to carry out strategic business plans. These are short-term measures and actions created to aid businesses in achieving long-term objectives. Depending on workplace events and the unique requirements of a company, tactical strategies may alter. It's critical for staff members to comprehend your organization's overarching vision or aim because tactical plans are founded on strategic business plans. They are more inclined to put in more effort once they understand the bigger picture and how their contribution to achieving it fits in. The plan can even receive fresh ideas from them that end up saving the business time and money. On attainable, quantifiable goals, strategic plans are built. More time, money, and resources might be needed to complete more complex objectives.
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(e) assume that the change in the nominal interest rate shown in part (c) becomes a lasting change in the same direction in the real interest rate, what would be the effect of the change in interest rates on long-term growth? explain.
The effect of a lasting change in the real interest rate on long-term growth would depend on the direction of the change.
What impact would a shift in interest rates have on long-term growth?If the real interest rate increases, it would have a contractionary effect on long-term growth, as higher interest rates typically discourage borrowing and spending and lead to slower economic growth. Conversely, if the real interest rate decreases, it would have an expansionary effect on long-term growth, as lower interest rates typically encourage borrowing and spending and lead to faster economic growth.The effect of a change in the real interest rate on long-term growth largely depends on the direction of the change. If the real interest rate were to decrease, it would lead to an increase in long-term growth. This occurs because a reduction in the real interest rate encourages borrowing and investment, which leads to an increase in economic activity, higher productivity, and an increase in income and output over the long-term. In addition, a decrease in the real interest rate reduces the cost of capital, making it easier for businesses to finance investments.In conclusion, a lasting change in the real interest rate in either direction will have an effect on long-term growth. If the real interest rate decreases, it leads to higher long-term growth, whereas if it increases, it leads to lower long-term growth.To learn more about the effect of the change in interest rates refer to:
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Firms decide how much to invest by comparing the rate of return on their projects with: the productivity of the workers assigned to the projects. the before-tax rate of return. the interest rate. their total profit.
Before selecting how much to invest, businesses weigh (C) the interest rate against the rate of return on their projects.
What is the interest rate?An amount that a borrower must pay to a lender as interest during the course of a loan, is stated as a percentage of the loan amount.
Over time, it is given as a percentage rate.
Interest rates can be fixed, which means they are predetermined and won't vary, or variable, or "floating," which means they could alter over time and could go up or down.
Businesses compare the rate of return on their initiatives with the interest rate before deciding how much to invest.
Bond prices fall when interest rates rise, and the opposite is true when interest rates are on the rise.
Bonds with low coupons issued in the lower-rate environment will be worth less because newly issued bonds will have higher coupons as rates rise.
Therefore, before selecting how much to invest, businesses weigh (C) the interest rate against the rate of return on their projects.
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Correct question:
Firms decide how much to invest by comparing the rate of return on their projects with:
(A) the productivity of the workers assigned to the projects.
(B) the before-tax rate of return.
(C) the interest rate.
(D) their total profit.
If the price level is 145 when measured in $1987 the current nominal GDP is $43500 then what is the real GDP in 1987
The price level is 145 when measured in $1987 the current nominal GDP is $43500 then 300 is the real GDP in 1987.
To calculate the real GDP in 1987, you would need to use the price level and nominal GDP in 1987 as a base year. Real GDP is a measure of the value of all goods and services produced in an economy, adjusted for inflation.
Here's the formula to calculate real GDP:
= Real GDP
= (Nominal GDP / Price Level) x 100
Where:
1. Nominal GDP is the value of all goods and services produced in a given year, measured in current dollars
2. Price Level is the average level of prices for all goods and services in the economy in a given year
In this case, you know that the price level in 1987 is 145 and the nominal GDP is $43500.
= Real GDP
= (43500 / 145) x 100
= 300
So, the real GDP in 1987 is 300.
It's important to note that the real GDP is measured in the base year prices, which in this case is 1987, and the result is an index number.
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Each of these students is required to file a 2019 federal tax return. Which student is NOT potentially eligible to receive the life time learning credit.
A Amber (22) She is a resident alien.
B Chyna (23) Her patrents will claim her as dependent on their return.
C Garrett (24) He was enrolled on a part-time basis'
D Kyle (29) He is pursuing a master degree in education
To illustrate, when you submit your taxes, you may be entitled to a return if your employer withheld taxes from your paycheck. Stay away from fees and interest.
If you file your taxes on time, are honest about what you owe, and pay what you owe in the proper manner, you may be able to avoid interest and penalties.
Taxpayers can use tax returns to figure out how much they owe in taxes, plan out when they'll make tax payments, and file for refunds if they overpay. Any person or company earning money in the form of salary, interest, dividends, capital gains, or other earnings is required by law to file an annual tax return.
For those under the age of 65 filing as a single in 2022, the base requirement is $12,950. If your annual income is less than that amount, you are exempt from filing the federal income tax return.
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Name a business in your community that illustrates the same type of organization used by William Procter in his original candle-making business.?
A small-scale craft or artisanal business would be an example of the same organizational structure used by William Procter in his original candle-making business.
In general, business such as a candle-making, soap-making, or pottery studio, that utilizes a division of labor, and a clear hierarchy, with specialized workers responsible for specific tasks, and a central management team overseeing the overall operation, would be an example of the same organizational structure used by William Procter in his original candle-making business.
The organizational structure used by William Procter in his original candle-making business was a partnership. He formed a partnership with James Gamble, and together they established Procter & Gamble Company. The partnership structure allowed them to pool their resources and expertise to build the business.
The partnership had a clear division of labor and a clear hierarchy, with Procter managing the manufacturing and Gamble managing the sales and finances. They also employed skilled workers to handle specific tasks and a management team to oversee the overall operation of the business.
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you ensure there are enough contigency reserve in terms of money available if a threat occurs. this is and example of
You ensure there are enough contingency reserves in terms of money available if a threat occurs. This is an example of a model to develop and use the risk of contingency reserve.
The Strata Property Act requires strata corporations and sections to have contingency reserve funds (CRFs) to cover common expenses that occur less than once a year or do not occur at all. CRF expenses can include things like replacing a roof, updating an elevator, or repaving a road.
As part of the risk response plan, a contingency reserve is used when a risk occurs. The actual cost or schedule impact of the risk is added, forecasts are adjusted, and the contingency reserve is reduced. The baseline, on the other hand, remains constant.
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subway recognized that it was no longer possible to reach and effectively persuade its audiences through traditional media and advertising alone. the company needed to combine its traditional advertising efforts with its digital media presence and efforts as well as the user interface experience in online ordering on subway's website or app. this best describes a(n) approach.
This best describes a(n) approach integrated marketing communications.
What strategies does Subway use to reach and effectively persuade its audiences?Subway uses a variety of strategies to reach and effectively persuade its audiences.
One of the main strategies is its advertising campaigns, which include a mix of traditional and digital platforms.
The company has also utilized influencer marketing, partnering with celebrities and social media influencers to reach their target audience.Subway also implements loyalty programs and promotions to reward their customers, which encourages repeat purchases.Additionally, Subway has invested in their online presence, utilizing social media platforms to engage with customers, showcase their menu offerings, and promote special offers.Finally, Subway has incorporated a strong focus on health and wellness in their messaging, which appeals to their core target audience of health-conscious consumers.To learn more about marketing refer to:
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a. city streets are consumption goods because they wear out with use. b. stocks are capital goods because when people buy and sell them they make a profit. c. a shopping mall produces retail services and is a capital good. d. the coffee maker in the coffee shop at an airport is a consumption good because people buy the coffee it produces
The correct classification made here is:
A shopping mall produces retail services and is a capital good. Option CWhat is a retail service?Retail service refers to the various types of support or assistance that retailers provide to customers in order to improve their shopping experience and increase customer satisfaction. Retail services can include a wide range of activities, such as providing product information, answering customer questions, resolving complaints, providing after-sales support, and offering additional services like gift wrapping or delivery.
Retail services can also include activities that enhance the shopping experience, such as in-store events, personal styling sessions, or product demonstrations.
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Which of the classification is correct
focusing on the symptoms, not causes, is a common mistake in which step of the decision-making process? step 4 step 1 step 3 step 5
focusing on the symptoms, not causes, step 1 is a common mistake in which step of the decision-making process.
Decision-making in psychology is seen as the cognitive process that leads to the choice of a belief or a plan of action from a variety of viable alternatives. It could be both logical and illogical. A decision-values, maker's preferences, and beliefs are used as a foundation for their reasoning process. The outcome of any decision-making process is a final conclusion, which may or may not lead to action.
Research on issue solving, notably in European psychology research, is frequently published along with research on decision-making. It is possible to think of decision-making as a problem-solving process that results in an ideal, or at the very least, acceptable, answer. So it is a process that might be more or less reasonable or irrational and can be founded on overt or covert facts and ideas.
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sung owns a dog-walking business that she started in high school. her first goal was to earn money after school and supplement her allowance. now that she has finished college and maintains a long client list, she's planning on running the business full time. she keeps all the profits and has kept things simple by posting fliers on the bulletin boards at local stores. sung's business is a(n) select one: a. sole proprietorship. b. franchise. c. s corporation. d. partnership.
This incidence of Sung's business is a sole proprietorship.
What is sole proprietorship?An unincorporated firm with a single owner that is subject to personal income tax on business profits is known as sole proprietorship, sometimes known as a solo trader or a proprietorship. Due to lack of need for a separate business or trade name, many lone owners conduct their operations under their own names. Due to lack of government oversight, sole proprietorship is the easiest type of business to start or shut down. Due to this, these company models are particularly well-liked by the consultants, single proprietors, and other independent contractors. A sole proprietorship is the quickest and easiest option to launch a one-owner business. As soon as you start operating your business, you become sole proprietor.
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Rugged Adventures Inc. wants to terminate its franchise arrangement with Stillwater Kayaking. Their contract does not provide for notice of termination or set a time for winding up the business. This means that to wind up, Stillwater
Select one:
a.
has a reasonable time, with notice.
b.
has whatever time the franchisor determines, with or without notice.
c.
is entitled to notice, but nothing more.
d.
must close immediately.
An agreement to rent property owned by another party is outlined in a lease, which is a legally valid and enforceable contract.
What is a lease simple definition?A lease is a formal, legally-binding agreement stating the conditions under which one party consents to rent property owned by another party.
Rugged Adventure Inc. and Steel Water Kayaking want to cancel their franchise agreement in the case at hand. They are not obligated by their contract to set a timeframe for shutting down the company or to provide notice of termination. The only right StillWater has at this time is notice. The only thing they have in common is a two-year lease.
In its simplest form, a lease agreement is a written agreement between a landlord and tenant that spells out the monthly rent to be paid and how long it must be paid. Like other contracts, leasing agreements can be intimidating to some due to their complex language. However, if you have a basic understanding of what is covered in a lease agreement, it can help you avoid pointless conflicts or fees throughout your lease or after it expires.
In conclusion, this means that Stillwater is only entitled to notice. The only thing they have in common is a two-year lease.
Therefore, the correct answer is option c) is entitled to notice, but nothing more..
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Substitutions may not be viable options for some industrial clients due to ________ or physical distance limitations
Substitutions may not be viable options for some industrial clients due to technical limitations or physical distance limitations.
Technical limitations refer to the fact that certain industries or processes may require specific materials or equipment that cannot be easily replaced by substitutes.
For example, aerospace industries rely heavily on high-strength, lightweight alloys that may not have suitable substitutes. Similarly, certain electronic components used in semiconductor manufacturing may not have a substitute that can meet the same performance specifications.
Physical distance limitations refer to the fact that some industrial clients may be located in remote areas with limited access to substitute materials or equipment.
This can make it difficult or expensive to transport substitutes to the location, making them less viable options. Additionally, some industrial clients may have established supply chains and relationships with specific vendors, making it difficult to switch to substitutes without significant disruptions to their operations.
In summary, the main reason why substitutions may not be viable options for some industrial clients is technical limitations and physical distance limitations.
Technical limitations due to the requirement of specific materials or equipment and Physical distance limitations due to the location of industries with limited access to substitute materials or equipment.
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Compared to an incandescent light bulb, an LED light bulb is an example of a good that is more ______.
Answer:
Compared to an incandescent light bulb, an LED light bulb is an example of a good that is more energy-efficient.
Explanation:
Compared to incandescent lights, LED bulbs are significantly more energy-efficient. For the same quantity of light, LED lights utilize a tiny fraction of the energy of incandescent bulbs. This is due to the fact that LED lights produce more visible light out of the electrical energy they consume, whereas incandescent bulbs mostly produce heat. As a consequence, LED bulbs outlast incandescent lights and consume far less energy, making them a more energy-efficient lighting option.
Additionally, they are more durable and have a longer lifespan, which makes them a more cost-effective option in the long term.
Answer:sustainable
Explanation:
The SB Instrument company makes three types of string instruments: mandolins, dobros and ukuleles, and they are trying to maximize their profits. The availability of the two major inputs, labor and hardwood, are constrained, and the requirements for each product are presented in the screen shot below. What is the maximum profit the company can earn under these constraints? Note that the number of each product produced must be an integer. A E Product Profit in dollars с D Labor Hardwood Required in Required in hours pounds 5 4 4 3 3 2 Number Produced 1 2 1 3 1 4 1 5 6 Constraints N Mandolins Dobros Ukuleles 60 50 40 500 300 $1500 $4200 $6000 $6800
Profit maximization identifies this point, or the optimal output at which your company is most lucrative.
How can the greatest profit be determined?Subtract your costs from the supply of your products and the possible sales to arrive at your maximum profit.When the final unit of sales (marginal revenue) equals the final unit of production's cost, the management has maximized profit (marginal cost). The production level at which MC = MR is known as maximum profit.Profit maximization identifies this point, or the optimal output at which your company is most lucrative. A company seeking to maximize profit will create the amount where "marginal cost" and "marginal revenue," a non-profit educational organization, are equal.To learn more about Profit maximization refer to:
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Which of the following statements is not true?
A: Employees should report all actual incidents.
B: Employees should report all suspected incidents.
C: Employees should assign a severity level when reporting incidents.
D: Employees should not be reprimanded if they report a perceived incident that ends up being a false positive.
Employees should assign a severity level when reporting incidents statements is not true.
What is the first rule of an investigation into an incident response?
The first step after the incident response team has established that an incident has happened and needs a response is to contain the situation and stop it from spreading.
What should be done in the event of a security incident?
Any incident that appears to meet the criteria for a significant information security incident must be reported to Information Assurance (IA). The reporting of incidents is anticipated to take place within 24 hours, from identification through reporting to IA (if necessary).
The preparation, detection and analysis, containment, investigation, eradication, recovery, and post incident activity phases of a security incident are the core components of the process for responding to such incidents.
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wendy owes $9,500 on a car loan at an interest rate of 4.9%, and makes monthly payments of $250. how much longer will it take wendy to pay off this loan if she continues to pay the same amount?
To determine a car loan's monthly payment, use this calculator. Loan Amount: The whole amount borrowed. Interest Rate: The loan's interest rate.
What is the another word for determine?
Determine has a number of popular synonyms, including decide, resolve, rule, and settle. All of these phrases refer to "coming to or causing to come to a conclusion," but the word "determine" refers to settling on something's identity, character, scope, or direction. identified the issue's root source. Using the word "determine" in a sentence. She was unable to discern whether or not she had won this round. She would choose the case with the greatest potential for success. When and even what to plant can be decided by computers.
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on march 1, complete computer service paid cash of $700 for salaries expense for the current month. the journal entry to record this transaction would be:
The transaction of Complete Computer Service paying the salaries expense on cash is recorded as:
Salaries expense $700
Cash $700
Salaries expense is an example of many kinds of expenses a company needs to pay. Salaries expense is a kind of labor cost. However some companies named their labor costs as salaries, and others as wages.
Salaries expense is the fixed expense a company needs to pay to its employees. Salary refers to a fixed amount of money an employee earned for the entire year of work. Wage refers to the amount of money an employee earned by the hour of the day. The wage an employee earned fort he year might be vary based on the work hours he has.
Since either salaries expense or wages expense is included asa the cost of operation that a company has to pay to produce a product, Salaries expense should be recorded as debit on the journal entry. The payment made for this expense, either on cash or on account should be recorded as credit.
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assuming product a used 100 setups, no special processing, and 10,000 direct labor-hours, what is the total overhead cost assigned to product a?
Direct labor dollars, direct labor hours, and machine hours make up the letter "C" in the right response.
The allocation basis is a technique for allocating overhead expenses to the root cause. The allocation base is more frequently used for products made by the manufacturing sector. Changes in the allocation costs won't have a significant effect on the costs of the source if the allocation base has been implemented correctly. Direct labor dollars, direct labor hours, and machine hours in production are a few examples of allocation grounds. Another is allocating Human Resources (HR) costs in accordance with the number of personnel in each administrative department. Direct labor dollars, direct labor hours, and machine hours make up the letter "C" in the right response.
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