Answer:
Making sure that your view points are clearly heard.
Explanation:
Effective communication can be defined as the process of passing out information in a clear and concise manner. It is a means of successfully conveying information to the listener.
Effective communication helps to improve productivity among employees in an organisation. This type of communication can be enhanced by a good body language.
In the scenario described above, an effective communication can be achieved by ensuring that your viewpoints are clearly understood by the audience.
Answer:
d
Explanation:
Answer:
Job 334 total cost: $ 8,400
Unit cost: 8,400 / 200 = $ 42
Explanation:
Total cost: Material + Labor + Overhead
Material: 5,000
Labor: 2,400
Overhead:
We distribute the expected cost over the expected base:
expected cost: 100,000
cost driver: 40,000 labor hours
cost per hour: 100,000 / 40,000 = 2.5 predetermined overhead
Now we multiply this rate by the hours of the job to know Applied Overhead:
job labor hours x overhead rate:
Job #334 had 2,400 labor cost / $6 rate per hour = 400 hours
400 x 2.5 = 1,000
Total cost: 5,000 + 2,400 + 1,000 = 8,400
B. patents and copyright law
C. control of resources
D. economies of scale
E. licensing
Answer:
C. control of resources
Answer:
Break-even point (dollars)= $300,000
Explanation:
Giving the following information:
Variable cost ratio 80%
Total fixed costs $60,000
To calculate the break-even point in dollars, we need to use the following formula:
Break-even point (dollars)= fixed costs/ contribution margin ratio
contribution margin ratio= 1 - 0.8= 0.2
Break-even point (dollars)= 60,000 / 0.2
Break-even point (dollars)= $300,000
Answer:
In year 1 the warranty expense reported is $450 ($9,000 x 5%)
Explanation:
The journal entries would be:
Sales journal entry - August 16 - Year 1
Account Debit Credit
Cash $9,000
Cost of goods sold $4,500
Revenue $9,000
Inventory $4,500
Accrued Warranty Expense - December 31 - Year 1
Account Debit Credit
Warranty Expense $450
Estimated Warranty
Liability $450
By the end of Year 1, the company has recognized an accrued expense (an accrued expense is recognized before cash is actually paid out) for $450.
Solution and Explanation:
Depreciation expense is calculated as follows:
Depreciation expense = Cost of machine minus residul value divide useful life of asset
= (159600 - 0) / 8 = 19950
Thus, annual depreciation expense is $19950
Partial year depreciation expense = Anuual depreciation multiply period
= 19950 mulitply 0.5 = $9975
Thus, partial depreciation expense for the 01st january 2023 to July 1, 2023 is $9975
the jorunal entry is as follows:
Depreciation account Dr. 9975 ($)
Accumulated depreciation Cr. 9975 ($)
1. if machine is sold for $79800 cash
Cash 79800
Accumulated depreciation 89775
gain on sale of machinery 9975
Machinery 159600
2. If machine is sold for $67032
Cash 67032
Accumulated depreciation 89775
loss on sale of machinery 2793
Machinery 159600
b. Depreciation Expense
c. Retained Earnings
d. Income Tax Expense.
Answer: c. Retained Earnings
Explanation:
The post-closing trial balance reflects balance sheet items that do not have a $0 balance in them when a period has ended and is prepared after the temporary accounts have been closed off. The purpose is to make sure that the debits equal the credits.
As there are no temporary accounts, all income statement items will have been closed off and moved to the Retained earnings account which will reflect the total for the income statement for the year. The only account that will be listed in the post-closing trial balance therefore will be the Retained earnings account.