Answer:
(D) Traceable to a single cost object.
Explanation:
A direct cost -
It is refers to the amount which is directly linked to the production of the specific products and services , is referred to as the direct cost .
The direct cost is variable in nature .
The direct cost can be traced to the cost object , that can be department , product or service.
Hence, from the given information of the question,
The correct option is D.
Answer:
$12
Explanation:
If P = $2 then the Q will be;
Q = 20 - 4 * 2
Q = 20 - 8
Q = 12
The maximum annual membership fee will be equal to the amount of demand. The annual membership fee cannot be greater than the demand function if so there will be decline in the demand.
The answer is: B. sacrifice profits for less risk.
Interest rates influence the amount of money that the borrower had to give back to the bank and Higher interest rate would give higher profit for the bank.
When bank people give low interest rates for people with good credit, the number of revenue that bank would make from giving the loan would decrease. But people with good credit has high likelihood of returning the money they borrow, which mean that there is less risk for the bank.
Answer:
a) I used an excel spreadsheet to record the T-accounts
the closing entries would be:
Dr Sales revenue 12,100
Dr Purchase discounts 48
Dr Interest revenue 600
Dr Gain on sale of land 1,500
Cr Income summary 14,248
Dr Income summary 8,512
Cr Cost of goods sold 6,450
Cr Sales returns 1,680
Cr Sales discounts 242
Cr Distribution costs 140
Dr Income summary 5,736
Cr Retained earnings 5,736
b) Redd Company
Income Statement
For the year ended December 31, Year 2
Revenues:
- Sales revenues $12,100
- Sales returns ($1,680)
- Sales discounts ($242) $10,178
Cost of goods sold <u>($6,450)</u>
Gross profit $3,728
Expenses:
- Distribution costs ($140) <u>($140)</u>
Operating income $3,588
Other sources of income:
- Gain on sale of land $1,500
- Interest revenue $600 <u>$2,100</u>
Net income before taxes $5,688
Explanation:
Answer:
<em>Among the attributes Sarah should have about </em><em>SMART goals</em><em> is:
</em>
S: Specific: She knows what company she wants to work in and the job she wants to do.
M: Measurable: Get the job.
A: Achievable: her good grades
A: Relevante: her passion for her career and her gift for architecture.
T: Time limit: Not relevant.
Explanation:
The SMART method is used by companies or by individuals to achieve a proposed goal. Generally, the SMART method is used as an orientation method for developing and finalizing the proposed plans to achieve each objective.
For example, in the case of Sarah, throughout her years of study, she developed some attributes that help her identify with the characteristics of SMART goals, to achieve employment.
<em>I hope this information can help you.</em>