Answer:
The answer is letter A.
Explanation:
The true statement is Annual data on the distribution of income will indicate that the degree of income inequality in the two cities is identical.
Answer:
3. $53,550
Explanation:
Product Cost:
Cost per Unit Cost per Period Direct materials $ 6.60
Direct labor $ 3.85
Variable manufacturing overhead $ 1.50
Fixed manufacturing overhead $ 81,000
Period Costs:
Sales commissions ($0.50 x 9,000 ) $4,500
Variable administrative expense ($0.50 x 9,000 ) $4,500
Fixed selling and administrative expense <u>$44,550</u>
Total Period Cost <u>$53,550</u>
For financial reporting purposes, the total amount of period costs incurred to sell 9,000 units is $53,550.
Answer:
The correct option is C,job enrichment
Explanation:
Job enlargement refers adding additional tasks to an employee's job description and it is done for different reasons. The chief possible motive for job enlargement could be prepare the employee for a higher role.
Satisficing on the job involves ensuring one is able to attend to tasks one is saddled with in order to achieve a balance between different stakeholders' expectations instead of prioritizing one's stakeholder's need over another.
Job enrichment is a way of encouraging employees to give out their best output by assigning to them jobs previously reserved for more senior employees
Job design implies making decision on a job description by considering tasks that could be combined and performed by a single employee
Job development is about appraising an employee with a view to discovering his growth needs on the job and make adequate arrangement in terms of training to enable the employee to bridge the skills gap
The bone contention here is between options A and C,but C is preferred since the additional tasks are tasks previously meant for one's managers.
Answer:
a) $250,000
b) Zero
c) $6,100
d) $47,500
Explanation:
a) Bloomington owes $250,000 at year-end 2016 for inventory purchase.\
This relates to account payable and the amount to be reported as liability as at year-end 2016 is $250,000.
b)Bloomington agreed to purchase a $31,000 drill press in January 2017.
No liability will be recognized at year-end because the entity has no present obligation as there is no legal or constructive responsibility to pay $31,000. What occurred is just an agreement that can be altered.
c) During November and December of 2016, Bloomington sold products to a customer and warranted them against product failure for 90 days. Estimated costs of honoring this 90-day warranty during 2017 are $6,100.
The entity will recognized $6,100 as warranty payable as the entity has a present obligation as at year-end 2016 to compensate the customer.
d)Bloomington provides a profit-sharing bonus for its executive equal to 5% of reported pretax annual income. The estimated pretax income for 2016 is $950,000. Bonuses are not paid until January of the following year
The entity will report 5% of $950,000 ($47,500) as liability at year-end 2016 as the the entity has a present obligation to settle its executive.
