Which account is an example of a contra-expense account? A. purchases B. purchase returns C. sales D. sales returns

Answers

Answer 1

Answer:

b. purchase returns

Answer 2

An account which is an example of a contra-expense account is purchase returns. The correct option is b.

What is the contra-expense account?

A contra expense account is a general ledger expense account that will intentionally have a credit balance instead of the debit balance that is typical for an expense account. In other words, this account's credit balance is contrary to or opposite of the usual debit balance for an expense account.

Another description of a contra expense account is an account that reduces or offsets the amounts reported in another general ledger expense account. Contra accounts are presented on the same financial statement as the associated account, typically appearing directly below it with a third line for the net amount. Accountants use contra accounts rather than reduce the value of the original account directly to keep financial accounting records clean.

Key examples of contra accounts include accumulated depreciation and allowance for doubtful accounts.

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Related Questions

Create a list of five action verbs you might use on a job application to describe skills and/or work history. Here are some examples: (organized, produced, selected, coordinated, contributed). Find five other than the examples.

Answers

Answer:

Examples:

• accomplished

• designed

• initiated

• supervised

• addressed

• corresponded

• persuaded

• publicized

• reconciled

• executed

• monitored

• operated

• consolidated

• appointed

• delegated

• established

Explanation:

Action verbs: One type of power word is an action verb. This kind of verb shows your ability to succeed. These words demonstrate the skills you have used in previous jobs to achieve success. I added in some more because I'm extra.

Hope this helps. :)

Action verb describes motion, which includes running, jumping, kicking, beating, breaking, crying, smiling, or thinking.

What are Action verbs?

Action verbs are additionally referred to as bendy actions, explicit motions whether not bodily or mental. The verb describes what the sentence maker is doing.

So are a few examples of the action verbs are:

planning (you can plan accordingly - for example, your daily life and your plan)

Include (such as tasks or other items that can help complete a task on time)

Analyze (this will be great, so review the details, analyze the issue to manage it, but also follow the rules)

You're ready (good and ready for the start of your shift, or maybe you have the stuff for the next shift that will start after you)

Design (this can be followed by several tasks, you have the skills to design / present ideas to the table such as website ideas, sales items to attract sales, pick lines to sell items)

Thus, action verbs are good to include in your resume as well, this makes your skills stand out.

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T/F boeing's development of the 787 dreamliner is an example of a company obtaining a competitive advantage through quick response.

Answers

The statement "Boeing's develop-ment of the 787 Dreamliner is an example of a company obtain-ing a competitive advantage through quick response." is True.

The Boeing 787 Dreamliner is an all-new, super-efficient family of commercial air-planes that brings big-jet ranges and speed to the mid-dle of the market. The Boeing 787 Dream-liner is an American wide-body jet airliner developed and manu-factured by Boeing Commercial Airplanes.

The air-plane's un-paralleled fuel efficiency and range flexi-bility enables carriers to profit-ably open new routes as well as optimize fleet and net-work perform-ance. And for their passengers, an experience like none ot-her in the air, with mo-re comfort and less fatigue.

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what is the present value of 3250 to be received at the beginning of each 29 periods discounted at 5% compound interest?

Answers

$789.58 is the present value of 3250 to be received at the beginning of each 29 periods discounted at 5% compound interest.

What is present value?

Present value is a way to show the current value of future cash flows and is based on the premise that money now is more valuable than money later. Present value is used to value the income from loans, mortgages, and other assets whose full value might not be realized for many years.

According to the present value formula PV = FV/(1+i)n, the future value is equal to the present value divided by the sum of 1 plus the interest rate per period increased to the number of time periods.

Thus, $789.58 is the present value

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which is not an object to taxation?
person
business
transaction public property

which limitation of taxation is the concept of situs of taxation based?
territoriality
public purpose
internati comity
exemption of the government​

Answers

Transaction public property

Exemption of the government

FILL IN THE BLANK. Using vivid words, labeling the main idea, and strategically placing the key idea in a sentence are examples of ________ ways to stress important ideas.

Answers

Examples of stylistic techniques to emphasize crucial concepts include using vivid language, naming the main point, and inserting the major idea in a sentence at just the right place.

What fundamental literary devices are there? Provide an illustration.

Rhyming is the most prevalent literary device. That improves the poetry's flow. Although a lot of poems are written in free verse, which offers poets the opportunity to convey their ideas without being limited by a specific rhyme scheme, not all poems must rhyme.

What does the term "English stylistic method" refer to?

Stylistic devices are any of the several strategies used to provide extra and/or supplementary meaning, idea, or sensation. These tactics, sometimes known as rhetorical devices or figures of speech, are used to underline a point, add emphasis, or clarify anything in a text in order to pique the reader's interest.

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On December 31, 2021, Campbell obtained a loan for $650 and used the proceeds, along with the transfer of 35 shares of its $10 par value common stock, in exchange for all of Newton’s common stock. At the time of the transaction, Campbell’s common stock had a fair value of $40 per share.In connection with the business combination, Campbell paid $25 to a broker for arranging the transaction and $30 in stock issuance costs. At the time of the transaction, Newton’s equipment was actually worth $1,450 but its buildings were only valued at $590.Compute the consolidated equipment (net) account at December 31, 2021.

Answers

The consolidated common stock account at December 31 is  $1,430

Using this formula

December 31 Consolidated common stock account=Common Stock + Stock Issued par value

Let plug in the formula

December 31 Consolidated common stock account=$1,080+($10 × 35 shares)

December 31 Consolidated common stock account= $1,080 + $350

December 31 Consolidated common stock account= $1,430

Inconclusion The consolidated common stock account at December 31 is  $1,430

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Which of the following influences what you choose to wear
Your activities

All of the Above

Basic needs

Your personal preferences

Answers

Answer:

all of the above dnnxndncnvhhdbdbdbd

Marketers should listen to understand, not to decide if someone or the information their communication dance partner is conveying is right or wrong. T or F

Answers

Instead of judging whether someone or the information their communication dance partner is communicating is correct or incorrect, marketers should listen to comprehend. True

Information exchange is the traditional definition of communication. It is also possible to use the phrase to refer to the transmission's message or the area of research that it is the subject of. Its precise definition is a contentious topic. According to John Peters, the challenge in defining communication stems from the fact that it is both a common occurrence and a distinct academic area with institutional support. Limiting the range of actions that are included under the term of communication is one definitional method. According to this rationale, communication can be defined as the process by which individuals or groups produce meaning that is mutually acceptable through the use of signs, symbols, and semiotic conventions.

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Instead of judging whether someone or the information their communication dance partner is communicating is correct or incorrect, marketers should listen to comprehend. True

Information exchange is the traditional definition of communication. It is also possible to use the phrase to refer to the transmission's message or the area of research that it is the subject of. Its precise definition is a contentious topic. According to John Peters, the challenge in defining communication stems from the fact that it is both a common occurrence and a distinct academic area with institutional support. Limiting the range of actions that are included under the term of communication is one definitional method. According to this rationale, communication can be defined as the process by which individuals or groups produce meaning that is mutually acceptable through the use of signs, symbols, and semiotic conventions.

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Which of these situation statements is formatted correctly?

Select an answer:
The [SOLUTION] will address the effects of [X] on [Y].
The [SOLUTION] addresses the [NEED] and is v

Answers

The situation statement that is formatted correctly

"The [PROBLEM] has the effect of [X] with the resulting impact of [Y]."

What is a situation statement?

The statement explains the situation as it is right now. It reveals the primary justification for the project's need. Additionally, it needs to describe how big the issue or chance is. Knowing this enables us to confirm if the suggested remedy is suitable.

The present issue that needs to be resolved or the opportunity that needs to be thoroughly investigated is stated in the first section of a scenario statement.

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The equipment account had a $36,000 balance at the beginning of the year, and a $30,000 balance at the end of the year. The accumulated depreciation account had a balance of $22,000 at the beginning of the year, and a $17,000 balance at the end of the year. The income statement reported depreciation expense of $4,000 for the year. Equipment costing $10,000 was sold for its book value. Cash received from the sale to be reported in the Investing Activities section is

Answers

Answer:

$1000

Explanation:

The cash received from the equipment sale is equals to the initial cost of the equipment which is $10,000 minus total accumulated depreciation on the equipment charged till date.

Total accumulated depreciation on the equipment=Opening balance of accumulated depreciation+depreciation charge for the year-closing balance of accumulated depreciation

Total accumulated depreciation on the equipment=$22,000+$4,000-$17,000

                                                                                   =$9,000

cash proceeds=$10,000-$9,000=$1000

An exchange economy has two consumers, named Jimmy and Sue, and two commodities, apples and bananas. Jimmy’s initial endowment is 2 units of apples and 4 unit of bananas. Sue’s initial endowment is 4 apples and 4 units of bananas. Jimmy’s utility function over apples and bananas is U(AJ, BJ) =AJ1/2 BJ1/2. Sue’s utility function is of the form U(AS, BS) =AS+BS, where AJ and BJ are the amounts of apples and bananas for Jimmy and AS and BS are amounts of apples and bananas for Sue.The equation of the contract curve in terms of Jimmy’s coordinates is:________

a. BJ= 2AJ
b. BJ=(A2J)/2
c. BJ=AJ
d. BJ= (8AJ)/(1+AJ)
e. None of the above

Answers

Answer:

(a) BJ = AJ

In equilibrium, apples and bananas have the same price.

Jimmy’s consumption bundle must be 3 apples and 3 bananas

i just did this

Explanation:

mrk me brainliest pleasee

STEP 5 Use practical examples from BRICK 'n TILE to differentiate between short and long-run costs. (10) TOTAL: [50]​

Answers

BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).

Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.

On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.

Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.

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Which of the following is not true about amortization of Limited-Life Intangibles a. Amortize by systematic charge to expense over useful life. b. Credit asset account or accumulated amortization. c. Useful life should reflect the periods over which the asset will contribute to cash flows. d. Amortization should be cost less residual value. e. IFRS requires companies to assess the residual values and useful lives of intangible assets at least annually. f. None of the above

Answers

Answer:

Amortization of Limited-Life Intangibles:

f. None of the above

Explanation:

IFRS requires limited-life intangibles to be systemically amortized throughout their useful lives using either units of activity method or straight-line method.  Intangibles are amortized to reduce their values as per use over their lifespan.  Amortization is like depreciation, but depreciation is a term used for tangible assets, while amortization is used for intangible assets.

which activity is an economic activity?
a / watching tv
b / reading a book
c / playing video games
d / helping a friends decorate for a party
e / selling vegetables and fruits

Answers

Answer:

e

Explanation:

by buying goods you are stimulating the economy

i think the answer is e. if wrong then maybe c

1. Explain the difference between the terms in each of these pairs.
a. monetary policy
monetarism
b. easy-money policy c. discount rate
tight-money policy prime rate
2. How should a contractionary monetary policy affect interest rates
and the rate of inflation? Why?
3. How should an expansionary monetary policy affect interest rates
and the unemployment rate? Why?
4. How does the Fed use open market operations as a monetary policy
tool?
5. What is the main short-term effect of monetary policy?

Answers

a. Monetary policy refers to actions taken by a central bank to regulate the supply of money and credit in an economy, while monetarism is an economic theory that emphasizes the importance of controlling the money supply as a means of stabilizing the economy.

What is  easy-money policy

b. An easy-money policy is a monetary policy that increases the money supply and lowers interest rates, while a tight-money policy is a monetary policy that decreases the money supply and raises interest rates.

The discount rate is the interest rate at which banks can borrow money from the central bank, while the prime rate is the interest rate that commercial banks charge their most creditworthy customers.

A contractionary monetary policy involves decreasing the money supply and raising interest rates in order to reduce inflationary pressures and slow down economic growth. This can be achieved by measures such as increasing the reserve requirements for banks, selling government securities, and raising the discount rate.

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practice setting goals for various aspects of your personal life such as academics career preparation family hobbie. set at least two short term goals and at least two Long term goals for each area for these goals that you have set write out plans for achieving those goals.think in terms of what you will have to do to accomplish each

Answers

Certainly, setting goals is an essential practice to achieve success and satisfaction in various aspects of personal life.

Academics:

Short-term goals:

Attend all classes and complete assignments on time.Improve my grade in a specific course by studying regularly. Plan to achieve short-term goals:

Create a daily study schedule and allocate time for reading, writing, and reviewing notes.Seek help from a tutor or professor for difficult concepts.

Long-term goals: Achieve a high GPA to qualify for graduate school. Get accepted into my desired graduate program. Plan to achieve long-term goals: Take challenging courses and attend workshops or seminars to improve academic skills.Research graduate programs and their admission requirements, and prepare for standardized tests if necessary.

Career Preparation:

Short-term goals: Update my resume and cover letter for job applications.Attend a networking event and meet new people in my industry. Plan to achieve short-term goals:Research the latest trends in resume and cover letter writing, and tailor them to specific job applications. Prepare a pitch and networking strategy in advance.

Long-term goals:

Secure a job in my preferred industry and position. Develop new skills and advance in my career.Plan to achieve long-term goals:Attend career fairs, conferences, and other industry events to network and learn about job opportunities.Take online courses or certifications to acquire new skills and knowledge.Seek mentorship or coaching from experienced professionals.

Family:

Short-term goals:Plan a weekend outing with my family.Call or video with a family member living in a different city or country.Plan to achieve short-term goals: Discuss with family members and decide on a fun activity that everyone can enjoy.Schedule a specific time for calling or video chatting, and set reminders if necessary.

Long-term goals:

Spend more quality time with family on a regular basis.Plan and save for a family vacation in the next year.Plan to achieve long-term goals:Create a family calendar or schedule to plan and prioritize events and activities.Set aside a specific amount of money each month for family vacations or other activities.

Hobbies:

Short-term goals:

Practice a new hobby for at least one hour each day.Learn a new technique or skill in my hobby.Plan to achieve short-term goals:Schedule a specific time each day for practicing or learning, and avoid distractions. Research online tutorials or courses, and follow step-by-step instructions.

Long-term goals:

Master a specific hobby and showcase my work publicly.Incorporate my hobby into my career or business.Plan to achieve long-term goals:Attend workshops or conferences to learn from experts and connect with like-minded individuals.Create a portfolio or online gallery to showcase my best work and promote my hobby.

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Last year Electric Autos had sales of $100 million and assets at the start of the year of $150 million. If its return on start-of-year assets was 15%, what was its operating profit margin?

Answers

Answer:

22.50%

Explanation:

Amount of return on asset = Rate of return * Asset value

Amount of return on asset = 15% * $150 million

Amount of return on asset = $22.5 million

Operating profit margin = Amount of return on asset / Sales

Operating profit margin = $22.5 million / $100 million

Operating profit margin = 0.225

Operating profit margin = 22.50%

Economic cooperation mechanism for the whole ASEAN +3

Answers

The ASEAN's ten member states as well as their eight foreign partners are referred to as participating in economic interdependence.

What is ASEAN ?

ASEAN  stands for Association of Southeast Asian Nations aimed to encourage financial and political growth in the country in order to develop infrastructure and standard of living of people.

ASEAN is incorporated into the global economy with a focus on the Multilateral mechanism through Free Trade Agreements (FTA) and Closer Economic Partnership (CEP).

Even with tariffs on imported goods being reduced or perhaps abolished, it enables nations in the region to engage in more commerce for goods and services.

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Assume Office Depot processes 2,500,000 photocopies per month at its service center. Approximately 50% of the photocopies require collating. Collating is currently performed by high school and college students who are paid $10 per hour. Each student collates an average of 5,000 copies per hour. Management is contemplating the lease of an automatic collating machine that has a monthly capacity of 6,000,000 photocopies, with lease and operating costs totaling $3,000, plus $0.05 per 1,000 units collated.

Required:
a. Determine the total costs of collating 1,000,000 and 2,000,000 per month.
b. Determine the monthly volume at which the automatic process becomes preferable to (costs less than the manual process.

Answers

The total cost of collating 1,000,000 per month is:

With students = $2,000With machine = $3,050.

The total cost of collating 2,000,000 per month is:

With students = $4,000With machine = $3,100

The monthly volume at which the automatic process is preferred is 1,538,462.

What is the total cost of collating with students?

When collating 1,000,000, the cost is:

= 1,000,000 / 5,000 x $10 per hour

= $2,000

When collating 2,000,000, cost is:

= 2,000,000 / 5,000 x 10

= $4,000

What is the total cost of collating with the machine?

When collating 1,000,000, the cost is:

= (1,000,000 / 1,000 x 0.05 per thousand units ) + 3,000 operating cost

= $3,050

When collating 2,000,000, cost is:

= (2,000,000 / 1,000 x 0.05 per thousand units ) + 3,000 operating cost

= $3,100

What volume is the machine preferred?

Assume the volume is x:

(x / 1,000 x 0.05 per thousand units ) + 3,000 operating cost = x / 5,000 x 10

0.00005x + 3,000 = 0.002x

0.00195x = 3,000

x = 3,000 / 0.00195

= 1,538,462 photocopies

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Which printing option results in a Word document with images of the slides and an area to take notes?
outline
full slide
handout
notes page

Answers

The printing option outcomes in a Word document with pictures of the slides and a region to take notes handout.  

The option (C) is correct.

It has three slides on the page as well as lines for crowd notes. One more kind of gift is the Notes Pages. The notes page incorporates the slide as well as your speaker notes. At the point when you intend to utilize the notes page as a gift.

Gifts are supporting materials you appropriate previously, during, or after your show. A present could contain messages, outlines and diagrams, pictures, or different components. While not generally important, if a moderator decides to utilize a gift, it should be very much arranged and created.

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Which activity combines inventory management, order processing, warehousing, material handling, and transportation

Answers

Answer:

Physical distribution.

Explanation:

In Business marketing, physical distribution can be defined as all the series of activities with respect to the supply of finished goods from production line (factory) to the end users or consumers.

Physical distribution is an activity which combines inventory management, order processing, warehousing, material handling, customer service, packaging, market forecasting, logistics and transportation.

Basically, physical distribution deals with the planning, organizing, implementation and control of the movement of goods and services in order to meet the demands of consumers.

Peter Drucker championed several ideas that continue to be influential to this day, including decentralization, employees as corporation as a human community, and the importance of workers in the new information economy.​

Answers

Explanation:

Drucker was a famous writer and professor who directly influenced modern management. His influence on management was so significant that he is also known as the father of management.

The main pillar of his studies is to recognize that the greatest resource of any organization is people.

Three of the pillars of Drucker's studies are: decentralization, which establishes greater flexibility in organizational management, where there is the inclusion of employees in decision making related to their role.

Drucker's second pillar concerns effective leaders, who according to him are those who motivate their team through inclusion, responsibility for their actions and focus on organizational opportunities, which translates into assertive leaders who make the organizational environment driven by action development, innovation, inclusion and productivity.

And finally, the importance of innovation, which comes from joint efforts of consistent work and which is essential for a company to remain competitive and well positioned in the market.

Henry spent $550 to make 800 ceramic bowls to sell. What is the $550 he spent called? cost loss revenue profit
COST
LOSS
REVENUE
PROFIT

Answers

Answer: Cost.

Explanation:

He spent that money on materials to create a product. That is a cost. If he sold those bowls and $550 is what he made, it is revenue. If he sold the bowls and paid his costs and the new total came out to $550, that is profit. If he priced his bowls too high and spent money on materials that then made him no money, that is a loss of $550 (the total of the materials gone to waste).

Consider the following data representing the price of laptop computers (in dollars).

1365, 1240, 1371, 1052, 1238, 1293, 1043, 1393, 1416, 1035, 1092, 1428, 1288, 1175, 1098, 1083, 1313, 1300, 1060, 1120, 1116

Determine the class width of the classes listed in the frequency table.

Answers

Answer:

The class width is calculated by subtracting the lowest value from the highest value in the given data set. In this case, the lowest value is 1035 and the highest value is 1428, so the class width is 1428 - 1035 = 393.

Explanation:

You just acquired 1,000 from the lottery.
You decide to invest in stocks with it (like a smart person should). You figure on buying apple stock which costs $100 a share. How many shares would you own of apple if you bought $1,000 worth of apple stock at $100 a share.

Answers

If you bought $1,000 worth of Apple stock at $100 per share, you would own 10 shares of Apple stock.

To determine the number of shares you would own of Apple stock if you bought $1,000 worth of stock at $100 per share, you need to divide the total investment amount by the price per share.

Number of shares = Total investment amount / Price per share

In this case, the total investment amount is $1,000 and the price per share is $100.

Number of shares = $1,000 / $100

= 10 shares

Therefore, if you bought $1,000 worth of Apple stock at $100 per share, you would own 10 shares of Apple stock.

It's important to note that stock prices fluctuate, so the actual number of shares you would own may vary depending on the current market price at the time of purchase. Additionally, transaction fees and other costs associated with buying stocks should also be taken into consideration.

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Two TransWorld Airline mechanics failed to properly repair the landing gear of a 747. As a result, the plane’s landing gear collapsed on takeoff and the plane caught fire. Several passengers were injured. While racing to the scene of the crash, an airport fire truck blew a tire and hit a light pole. The pole fell onto Carl’s car, smashing the trunk and damaging the new Blu-Ray DVD player store there. The injured passengers and Carl sued TWA and the mechanics. Are TWA and the mechanics liable to the injured passengers? To Carl?

Answers

Answer:

no

Explanation:

the airport would be liable because the fire truck blowing a tire and hitting the pole was the direct cause. not the failure of the landing gear

2.2 List any TWO characteristics of public goods.​

Answers

Answer:

non-excludable and Non-rivalrous

How to answer the question “why do you want to work here” for a restaurant

Answers

Answer:

You can say “I would like this job so I can start to become more independent so I’m not completely lost by the time I’m 18” or if your older than 18 you can say “I’m looking for a good opportunity to earn some money to get  some money for a new car ‘or’ a nice apartment

Explanation:

Plz give brainleist and rating thanks;P

Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 57,000 actual direct labor-hours and incurred $345,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 55,000 direct labor-hours during the year and incur $330,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was:

Answers

Answer:

Underapplied by $3,000

Explanation:

Calculation for what The Corporation's manufacturing overhead cost for the year was:

First step is to calculate the Predetermined Overhead rate

Predetermined Overhead rate=( $ 330,000/ 55,000)

Predetermined Overhead rate= $ 6 per labor hour

Now let calculate the Manufacturing overhead cost

Manufacturing overhead cost= (6 x 57 000)-$345,000

Manufacturing overhead cost=$342,000-$345,000

Manufacturing overhead cost=Underapplied by $3,000

Therefore The Corporation's manufacturing overhead cost for the year was:underapplied by $3,000

You are writing directions for fixing jams in your office's copier. To show the steps to take, why will a diagram be more effective than a photo?

A. A diagram is easier to draw.
B. A diagram will appeal to the reader's emotions.
C. In a diagram, it is easier to identify the parts inside the copier.
D. In a diagram, the reader can see the copier's exact appearance.

Answers

Answer:

C. In a diagram, it is easier to identify the parts inside the copier.

Explanation:

Based on the information given the reason why a DIAGRAM will be more effective than a photo is that a DIAGRAM is an illustration that will effectively help to show and explain in details and in a clear way the exact way all the parts inside a copier look like and how the copier work which will inturn enables the repairer to easily identify all the parts inside the copiers and the exact parts to fix the jams that occured while a PHOTO on the other hand cannot Effectively illustrate and identify each parts of the copier.

Therefore DIAGRAM is more effective than a photo because it is more easier to identify the parts inside the copier.

Other Questions
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