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1 year ago

When inventory increases, which costing method generally results in higher net income?.

1 answer:

3 0

Answer: Income is higher under absorption costing by $15,000. This is consistent with a general rule of thumb: Increases in inventory cause income to be higher under absorption costing than under variable costing, and vice versa.

Explanation:

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As applied to mortgage loans, which of the following statements is FALSE? By increasing the number of payments per year you incr

Ann [662]

Answer:

The statement that is false about mortgage loans is Advertised rates are annual percentage rates.

Explanation:

Mortgage loan refers to a loan that uses real estate as collateral to receive cash upfront to be redeemed after the loan repayment is completed. if the loan is not remitted as at when due , the lender lays claim to the real estate property.

By increasing the number of payments per year you increase your effective borrowing rate.

When you use a spreadsheet to calculate your interest rates, it uses the periodic interest rate, not the annual percentage rate.

You can find a monthly payment by dividing the annual payment by 12.

However, advertised interest rate are not the same as your loan's annual percentage rate (APR) because other charges like mortgage insurance, closing costs, discount points and loan origination fees apply.

5 0

2 years ago

Martinez Company has three cost pools and two doggie products (leashes and collars). The activity cost pool of ordering has the

nikdorinn [45]

Answer:

The cost assigned to leashes for supervising is $180,000

Explanation:

Estimated Overhead Cost Drivers Overhead Rates

$ 260,000.00 130,000 $ 2.00 Per Order

$ 400,000.00 800,000 $ 0.50 per Part

$ 300,000.00 25,000 $ 12.00 Per Hour

Labor hours for the leashes is 15,000 hours

Cost assigned to leashes for supervising = 15,000 x 12 = $180,000

3 0

2 years ago

Show your work and explain in a full sentence how 4 2-6 is equivalent to 3 8-6.

klemol [59]

Answer:

$4\frac{2}{6} = 3\frac{8}{6} = \frac{26}{6}$

Explanation:

Given

$4\frac{2}{6}$ and $3\frac{8}{6}$

Required

Show that they are equivalent

To do this, we simply convert both fractions to either decimal or improper fraction

Using improper fraction

$4\frac{2}{6} = \frac{6 * 4 + 2}{6}$

$4\frac{2}{6} = \frac{24 + 2}{6}$

$4\frac{2}{6} = \frac{26}{6}$

$3\frac{8}{6} = \frac{6 *3+8}{6}$

$3\frac{8}{6} = \frac{18+8}{6}$

$3\frac{8}{6} = \frac{26}{6}$

After converting both to improper fraction, we have:

$4\frac{2}{6} = 3\frac{8}{6} = \frac{26}{6}$

Hence, both are equivalent

3 0

2 years ago

A company would like to evaluate two incentive schemes that take effect once the worker exceeds standard performance. In the fir

Lerok [7]

Answer:

B) plan 1 : worker earning y = x - 0.14 , unit labor = $\frac{x-(0.14)}{x}$

plan 2 : worker earning y = 0.5x + 0.5, unit labor = (0.5x + 0.5) / x

C) At 128%

D ) plan D IS PREFERABLE

Explanation:

In the first case Benefits are split : 30% to worker , 70% to company ( up to 120% ) performance

In the second case benefits 50% go to the worker and 50% go the company

B) The equations for worker earnings and normalized unit labor costs for each scheme

Plan 1 :

y ( percentage earning of worker ) = 1

unit labor cost = Y / 1

y = 0 - 30

unit labor = 0.3 / x

y = x - 0.14 therefore unit labor = $\frac{x-(0.14)}{x}$

plan 2 :

y ( percentage earning of worker ) = 1, y = 0.5x + 0.5

unit labor cost : Y / 1 = (0.5x + 0.5) / x

C ) The point at which the two plans break even

0.5x + 0.5 = x - 0.14

0.5 + 0.14 = x - 0.5x

0.64 = x(1 - 0.5 )

x = 0.64 / 0.5 = 1.28 = 128%

D) The company would prefer plan 1

5 0

2 years ago

Suppose the world price of cotton rises substantially. The demand for labor among cotton-producing Texas will firms in Texas wil

never [62]

Answer:

The correct answer is "option B".

Improving a widely used job-search website so that it matches workers to job vacancies more effectively

Explanation:

The demand for labor among cotton-producing Texas will firms in Texas will increase. This will happen because of the increase in world price leads to increment in wages.

The demand for labor among textile-producing firms in South Carolina, for which cotton is an input, will decrease. This is because cotton is an input. The increase in price of cotton increases the cost which reduces the profits which leads to less hiring of workers.

The temporary unemployment resulting from such sectoral shifts in the economy is best described as frictional unemployment.

Government measures to reduce frictional unemployment is:

Improving a widely used job-search website so that it matches workers to job vacancies more effectively

The option C is not correct, because, another measure that the government uses is to withdraw benefits to short-term unemployed. There would be a greater incentive for workers to find work quickly.

7 0

3 years ago