answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Stella [2.4K]
2 years ago
13

he following amounts were reported by Howe Company before adjusting its overapplied manufacturing overhead of $16,000. Raw Mater

ials Inventory $80,000 Finished Goods Inventory $120,000 Work in Process Inventory $200,000 Cost of Goods Sold $1,460,000. What is the amount Howe will report as cost of goods sold after it disposes of its overapplied overhead
Business
1 answer:
BaLLatris [955]2 years ago
4 0

Answer: $1,444,000‬

Explanation:

The Cost of Goods sold for a manufacturing company includes the Manufacturing overhead. If the overhead was overapplied, the COGS is inflated and needs a downward adjustment.

COGS after overapplied overhead is disposed of = COGS before disposal - overapplied amount

= 1,460,000 - 16,000

= $1,444,000‬

You might be interested in
Lonergan, Inc., a calendar year S corporation in Athens, Georgia, had a balance in AAA of $200,000 and AEP of $110,000 on Decemb
Finger [1]

Answer:

Explanation:

                                                                      AAA                   AEP

Beginning balance, 1/1/20                           200,000        110,000

Less: Distributions                                          (140,000)            (0)

Less: Loss (ordinary)                                  (120,000)            (0)

Ending Balance                                           (60,000)       110,000

Here AAA is adjusted first for the distributions and then for the loss. The negative balance must be restored to a positive before the shareholders may receive any distributions that will not be taxed as dividend income.

6 0
2 years ago
Zappos employees are "driven" to participate in charitable activities and feel that giving back to the community is something th
gtnhenbr [62]

Answer:

The correct answer is letter "B": Zappos employees have morals that match Zappos values and norms.

Explanation:

In case employees of a company enjoy doing charitable activities and believe it is an obligation to contribute with their surrounding community, the situation implies that those workers have a high sense of social responsibility and moral values. Every company tends to have a code of ethics that outlines the expected behavior the firm expects from workers within the organization but firms also have goals on social responsibility to minimize the impact of their operations in society an if possible to improve it.  

Thus, <em>the moral values of Zappos's employees are likely aligned to the norms the company is looking for in its workers</em>.

4 0
2 years ago
Which statement regarding headings is accurate? Group of answer choices Headings provide visual distraction for readers; thus th
storchak [24]

Headings highlight information and improve readability.

<h3><u>Explanation:</u></h3>

Any documents readability can be improved with the usage of headings. The headings and sub headings of any documents helps in the representation of important concepts and also the ideas that are supporting those main concept. They help in enhancing the importance of the document through the proper visual representation.

The differences that we use in the text of the documents helps the readers in distinguishing the main concepts and ideas from the rest of the text in the documents. Thus, headings will be appearing in a little bigger size and helps in highlighting information and improving readability.

3 0
2 years ago
The manager of a chain of fast-food restaurants has noticed that the number of breakfast customers has fallen by 50 percent in t
mr Goodwill [35]

Answer:

The correct answer is letter "C": match the competitors ad campaign but with lower prices.

Explanation:

If it is confirmed that the number of breakfast customers of the fast-food chain restaurant has dropped because of its competitor's implementation of a "good-to-go" breakfast menu, the fast-food chain restaurant should strike back with a similar sale strategy for the breakfast menu but reducing the prices without falling into predatory pricing. The restaurant should also find out a way of improving the current service its competitor is providing to engage the consumers.

7 0
2 years ago
Return to Problem Navigation Morgan Company uses the perpetual inventory system and the gross method of recording sales discount
Ghella [55]

Amount to be recorded for accounts receivable would be $15000.

<u>Explanation:</u>

Accounts receivable are lawfully enforceable cases for installment held by a business for products provided as well as administrations rendered that clients/customers have requested yet not paid for. These are for the most part as solicitations raised by a business and conveyed to the client for installment inside a concurred time span.

Accounts receivable (AR) is the balance of money due to a firm for goods or services delivered or used but not yet paid for by  the customers till now. So they will go in the accounts to still be receivable.

6 0
2 years ago
Other questions:
  • Rodeo ranch's agent slim is authorized to draw checks on rodeo ranch's account in town bank. upper range corporation is a rodeo
    13·1 answer
  • On March 31, Oscar Corp. changes from the LIFO to the FIFO method. Its financial statement notes indicate that beginning invento
    10·1 answer
  • Macy wants to buy a skateboard for $42. She has $95 in her account. She spent $12.99 to buy stationary. She also wants to buy so
    12·1 answer
  • You manage a hedge fund with $400 million in assets. Your fee structure provides for a 1% annual management fee with a 20% incen
    7·1 answer
  • Scenario 24-2 The price tag on a golf ball in 1975 read $0.20, and the price tag on a golf ball in 2005 read $2.00. The CPI in 1
    7·2 answers
  • Sheryol is helping Stasia specify who the supervisors are in her business, who the managers are who oversee the supervisors, who
    14·1 answer
  • Birch Manufacturers has provided the following information regarding the two products that it​ sells: Jet Boats Ski Boats Sales
    10·1 answer
  • A Production Facility has produced 515,000 products and would like to allocate these products to their customers. Given the foll
    8·1 answer
  • Miller Nwagi will not ride in elevators because he perceives them to be confining boxes that could fall. He refused to visit a s
    5·1 answer
  • Alternative Production Procedures and Operating Leverage Assume Sharpie, a brand of Newell Brands, is planning to introduce a ne
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!