Answer:
The correct answer is letter "C": natural gas refinery.
Explanation:
Process cost systems are used by companies which production process go through several steps manufacturing large batches of homogeneous products. Process costing uses a Work-In-Progress (WIP) account for the progress of the production. Typical examples of industries that use the process costings system are petroleum and paint.
A process cost system would be appropriate for a jet airplane builder and natural gas refinery.
A process cost system would be most appropriate for a jet airplane builder and natural gas refinery. Both of these industries involve the production of a large number of identical units and require the accumulation of costs by department or process.
In a jet airplane builder, each department would be responsible for a specific process such as assembling the fuselage, attaching the wings, or installing the engine. The costs incurred in each department, such as labor, materials, and overhead, would be accumulated separately to determine the total cost of producing each airplane.
In a natural gas refinery, the production process involves multiple stages such as separating impurities, distillation, and purification. Each stage would have its own associated costs, and a process cost system would allow for the tracking and allocation of costs to each stage.
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Solution and Explanation:
The calculation of tax saving is shown below:
if B is getting the whole amount of salary the combined FICA tax liability of B and S Corp will be:
= $110000 multiply with 15.3 divide by 100
= $16830
If B is getting $50000 as salary the combined FICA tax liability of B and S corp will be
= $50000 multiply with 15.3 divide by 100
= $7650
thus the tax saving will be :
$16830 minus $7650
= $9180
The IRS can deem this arrangement unfit as make it mandatory for B to get the whole amount as salary. In that case, no change will take place in the tax liability.
Answer:
A lot of information is missing, so I looked for similar questions:
since 1,064 is the perimeter and we have a rectangle, we can write the perimeter equation as: 2L + 2W = 1,064
area = L · W
2W = 1,064 - 2L
W = 532 - L
now we replace in the area equation:
area = (532 - L) · L = -W² + 532W (quadratic equation format)
the value of L as our X coordinate:
L = 532 / 2 = 266
W = 532 - 266 = 266
area = -(266)² + (532 x 266) = -70,756 + 141,512 = 70,756 sq yards
or
area = 266 · 266 = 70,756 sq yards
When you have a rectangle, the largest possible area is a square, where both sides have the same length.
Answer:
As the NPV of the project is $25 million and is positive, the owners made a correct decision to install donut makers.
Explanation:
An investment will add value when the Net Present Value of an investment is positive. The net Present Value (NPV) of an investment is the present value of all the future cash flows expected as a result of an investment less the initial cost of the project/investment.
As the cash flows from the investment will be a constant $12 million after equal intervals of time for a period of five years, this can be treated as an annuity and the NPV of the project can be calculated as the Present value of $12 million annuity less the initial cost of the investment of $25 million.
NPV = 12 * [ 1 - (1+0.066)^-5 / 0.066] - 25
NPV = $24.73 million or $25 million rounded off to the nearest million
The options are:
A. leaving the current market selling a company's current products B. developing a new product C. selling in a company's current market D. selling in new as well as existing markets.
Answer:
B. developing a new product
Explanation:
Both when involved in product development strategy and diversification there will be development of a new product.
In product development strategy involves bringing new innovation to customers. New products that the market needs are developed.
In diversification strategy involves entering a new market and developing new product to get market share.
Both product development strategies and diversification strategies involveselling in new as well as existing markets. Hence option D is correct.
Both product development strategies and diversification strategies involve expanding a company's market reach. Product development strategies focus on introducing new products or improving existing products to target the company's current market.
On the other hand, diversification strategies involve entering new markets with either new or existing products. Both approaches aim to increase the company's market share and revenue by reaching new customers or expanding the offerings to existing customers.
Learn more about diversification here:
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Answer:researchers should use caution when accessing information from Wikipedia, online forums and blogs.
In conducting research for homework or an academic paper, you are basically conducting a search for facts: little tidbits of truth that you will assemble and arrange in an organized fashion to make an original point or claim. Your responsibility as a researcher is to understand the difference between fact and fiction, as well as the difference between fact and opinion.
When beginning your next assignment that requires sources, consider the credibility of those sources before including them in your final project.
Here are some common sources to avoid; each of these may include opinions and works of fiction disguised as facts.
Blogs
As you know, anyone can publish a blog on the Internet. The problem with using a blog as a research source is there no way to know the credentials of many bloggers or to get an understanding of the writer’s level of expertise.
People often create blogs to give themselves a forum to express their views and opinions. And many of these people consult less than reliable sources to form their beliefs. You could use a blog for a quote, but never use a blog as a serious source of facts for a research paper.
Wikipedia is not a reliable source. Wikipedia can be edited by anyone at any time. This means that any information it contains at any particular time could be vandalism, a work in progress, or just plain wrong. ... Wikipedia generally uses reliable secondary sources, which vet data from primary sources.
Same also goes with online forum
B.the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.
C.the income statement for Year 3 would show $5,000 of accrued salaries payable.
D.the income statement for Year 4 would show $5,000 of accrued salaries expense.
Answer:
B.the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.
Explanation:
The adjusting entry to record the accrued salaries as at December 31, Year 3 of the Snack, Ince. are as follows:
Debit Credit
Accrued salaries expense $5,000
Accrued salaries payable $5,000
Based on the above discussion, the answer shall be B.the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.
The balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.
The correct answer is option B: the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable. Accrued salaries are salaries that have been earned by employees but not yet paid. When Snack, Inc. adjusts its records to recognize $5,000 of accrued salaries, it means that they are acknowledging the salaries that have been earned but not yet paid. On the balance sheet, accrued salaries payable is recorded as a liability, representing the amount that the company owes to its employees for the salaries they have earned but have not yet received. Therefore, the balance sheet at the beginning of Year 4 would show $5,000 of accrued salaries payable.
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