What is the purpose of cost allocation? why is it so important to allocate cost properly in a business?

Bottle Breacher was a successful company that began with crowdfunding through the television show Shark Tank. This is an example

Natalija [7]

Considering the situation described above, this is an example of the "Reward-based" model of crowdfunding.

This is because a reward-based crowdfunding model is a type of crowdfunding that gives the donor something of value in return.

These rewards may be in the form of commodities, services, discounts, or adverts, etc.

There are various types of crowdfunding models. The most common types are the following:

Equity-based model;
Donation or social-based model;
Lending model;
Reward-based model.

Hence, in this case, it is concluded that the correct answer is the "Reward-based model" of crowdfunding.

Learn more here: brainly.com/question/21940014

8 0

2 years ago

a municipal finance professional wants to make a political contribution to a candidate for mayor in the town that she resides in

Svetradugi [14.3K]

Based on the MSRB pay to play rule, the contribution by the finance professional to the candidate b. cannot exceed $250.

This is a rule that governs financial dealings in municipalities between those in the municipal securities business and the non affiliated persons.

One of the rules states that a finance professional that is registered in a municipality cannot contribute more than $250 to a candidate running for Mayor as it might cause bias.

Find out more on the MSRB pay to play rule at brainly.com/question/14229649

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4 0

1 year ago

Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 Balance sheet: Inventories 75,000 63,000 Ratios:

kondaur [170]

The amount of net sales for 2021 is $1,035,000.

Average inventory = (Beginning inventory + Ending inventory) / 2

Average inventory = ($63,000 + $75,000) /2

Average inventory = $69,000

The formula for Inventory turnover ratio is <em>{Cost of goods sold/Average inventory]</em>

6 = Cost of goods sold / $69,000

Cost of goods sold = $414,000

Given Gross profit ratio is 40%: Gross profit = 40% on sales

Let the sales be $K

Gross profit = Sales - Cost of goods sold

0.4K = K - $414,000

0.4K = $414,000

K = $414,000 / 0.4

K = $1,035,000

Therefore, the amount of net sales for 2021 is $1,035,000.

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<em>brainly.com/question/14161287</em>

7 0

1 year ago

Gracie, inc. made a prepaid rent payment of $2,800 on january 1. the company's monthly rent is $700. the amount of prepaid rent

Dominik [7]

<span>Out of the prepaid rent of $2800, $700, the actual rent for the month of January, has to be debited to rent account and prepaid rent account will be credited. Now the prepaid rent account will show a smaller figure(2800-700 = 2100) This is the amount that will be shown in the prepaid rent account in the balance sheet. Of course it will be shown as an asset since it has a debit balance.</span>

7 0

2 years ago

After several United Airlines flights were canceled because of bad weather, reservation clerks had to scramble to get passengers

ivann1987 [24]

After several United Airlines flights were canceled because of bad weather, reservation clerks had to scramble to get passengers rerouted to their destinations on other flights and/or airlines. This is primarily an example of adaptive task performance. This is further explained below.

<h3>What is adaptive task performance.?</h3>

Generally, The capacity of a person to adjust to quickly changing work settings is what is meant by "adaptive performance." Problems can be solved imaginatively, ambiguity can be managed, new tasks can be learned, adaptation in interpersonal relationships can be shown, and emergencies can be handled. These are all aspects of adaptive performance.

In conclusion, Because of the inclement weather, numerous flights operated by United Airlines had to be canceled, and reservation clerks had to work quickly to rebook customers on other flights and/or airlines so that they could reach their final destinations. First and foremost, this is an illustration of adaptable task performance.

Read more about adaptive task performance.

brainly.com/question/14287992

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4 0

11 months ago