Answer:
Estimated manufacturing overhead rate= $42 per direct labor hour.
Explanation:
Giving the following information:
Calculate the predetermined overhead rate for 2020, assuming Lott Company estimates total manufacturing overhead costs of $ 882,000, direct labor costs of $735,000, and direct labor hours of 21,000 for the year.
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 882,000/21,000= $42 per direct labor hour.
The answer that best fits the blank provided above is the term COMMUNICATION. Since the main responsibility of Dan is to create a promotional campaign for a new line of footwear in Under Armour, he should state this in communication terms in order to target customers' attitudes for a favorable response.
Answer:
Bad debt expenses = $4,000
Explanation:
Debit Credit
Bad debt expense $4,000
Allowances for doubtful accounts $4,000
Workings
= $5,000 of receivables - $1,000 of Allowance for doubtful account
= $4,000
Answer:
D) Marketing
Explanation:
Vertical foreign direct investment (FDI) refers to companies moving upstream (R&D and manufacturing process) or downstream (distribution and selling process) in different value chain stages in a host country.
In this case, downstream vertical FDI includes marketing activities done at the host country. Upstream vertical FDI would include the purchase of component parts in the host country.
Correct Question: Under current accounting practice, intangible assets are classified as
a. amortizable or unamortizable.
b. limited-life or indefinite-life.
c. specifically identifiable or goodwill-type.
d. legally restricted or goodwill-type.
Answer:
B, limited-life or indefinite-life
Explanation:
By defiinition, Intangible assests are assests that cannot be physically felt. it can also be said to be assets that are non physical in nature. This kind of assets include goodwill, image rights,brand recognition, copyrights, etc.
All of the above examples of assets are deemed intangible because they have no exact expiry or end date. It can either last for a long time or a short time. Assets like reputation are classified as intangible because it cant be felt and it doesnt have an exact end date. It is therefore a kind of asset that has limited-life or indefinite-life.
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