Answer:
One motive that Dominic might have was that he has always wanted to become an entrepreneur and his grandmother wants him to take over the shop for her since his cake-making skills had very much improved since he started. And another motive Dominic had was that there was not a lot of jobs open for him in the area, so he was glad to help.
Explanation:
Answer:
$56,600
Explanation:
Given that,
Cassandra's Boutique:
2,100 shares outstanding at a market price per share of $26.
Sally's:
3,000 shares outstanding at a market price of $41 a share.
Acquiring Cassandra's boutique for cash = $58,000
Incremental value of the acquisition = $2,000
We can get the value of Cassandra's Boutique to Sally's by adding the incremental value of the acquisition to the market value of the shares of Cassandra's Boutique.
Firstly, we are calculating the market value of Cassandra's Boutique:
= Outstanding shares × Market price per share
= 2,100 × $26
= $54,600
Therefore, the value of Cassandra's Boutique to Sally's is as follows:
= market value of Cassandra's Boutique + Incremental value of the acquisition
= $54,600 + $2,000
= $56,600
Answer:
D. The gold coins are a commodity money because even though they were issued by a foreign government, the gold has intrinsic value
Explanation:
Commodity money is money that has intrinsic value. Its value can be derived from the material from which it is made. E.g. gold, salt, silver
Fiat money is money that has no intrinsic value but the government establishes it as money.
I hope my answer helps you
Answer:
Poor
Explanation:
Automation has made certain jobs redundant and machines can now carry out most of the functions usually carried out by labour. As a result, the prospects for many types of jobs is low
Answer:
Total overhead $
Indirect material ($0.5 x 200,000 units) = 100,000
Utilities ($0.25 x 200,000 units) = 50,000
Supervisory salaries = 60,000
Building rent = 80,000
Total overhead 290,000
Overhead rate = <u>Budgeted overhead</u>
Budgeted direct labour hours
= <u>$290,000</u>
100,000 hours
= $2.90 per direct labour hour
Explanation:
In this case, we need to obtain the total overhead, which is the total of indirect material, utilities, supervisory salaries and building rent.
Then, we will divide the total overhead by direct labour hours so as to determine the overhead rate.
