Answer:
no
Explanation:
we need to determine the npv to know if it is suitable
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
cash flow in year 0 = -450,000
cash flow in year 1 and 2 = 20,000
cash flow in year 3 = 20,000 + 500,000
i = 15%
npv = -75,577.38
Prepare general journal entries to record the following transactions.Omit explanations.
Jan.
3 Paid office rent, $1,600.
4 Bought a truck costing $50,000, making a down of $7,000
6 Paid wages, $3,000.
7 Received $1 6,000 cash from customers for services performed.
10 Paid $4,100 owed on last month's bills.
12 Billed credit customers, $5,300
17 Received $1 ,800 from credit customers.
19 Taylor Gordon, the owner, withdrew $1,700.
23 Paid $700 on amount owed for truck
29 Received bill for utilities expense, $255.
Answer:
Jan 3
Debit : Rent $1,600
Credit : Cash $1,600
Explanation:
if there is no immediate payment of cash raise a liability - accounts payable
In the Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2020 were as follows. Budget Actual Indirect materials $15,700 $14,800 Indirect labor 21,300 22,100 Utilities 11,100 11,900 Supervision 5,100 5,100 All costs are controllable by the department manager. Prepare a responsibility report for April for the cost center.
Answer:
Indirect materials $900 Favorable
Indirect labor $800 Unfavorable
Utilities $800 Unfavorable
Supervision $0 Neither Favorable Non Unfavorable
Total $700 Unfavorable
Explanation:
Preparation of a responsibility report for April for the cost center.
HANNON COMPANY Assembly Department Manufacturing Overhead Cost Responsibility Report For the Month Ended April 30, 2020
Controllable cost Budget Actual
Indirect materials $15,700- $14,800 =$900 Favorable
Indirect labor 21,300- 22,100 =$800 Unfavorable
Utilities 11,100- 11,900=$800 Unfavorable
Supervision 5,100- 5,100= $0 Neither Favorable Non Unfavorable
Total $53,200-$53,900=$700 Unfavorable
Therefore The responsibility report for April for the cost center will be :
Indirect materials $900 Favorable
Indirect labor $800 Unfavorable
Utilities $800 Unfavorable
Supervision Neither Favorable Non Unfavorable
Total $700 Unfavorable
Direct Materials Variances The following data relate to the direct materials cost for the production of 20,000 automobile tires: Actual: 80,000 lbs. at $2.65 $212,000 Standard: 86,000 lbs. at $2.50 $215,000 a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter favorable variances as negative numbers. Enter unfavorable variances as positive numbers. Price variance $fill in the blank 1 Quantity variance fill in the blank 3 Total direct materials cost variance $fill in the blank 5 b. The direct materials price variance should normally be reported to the . The direct materials quantity variance due to a malfunction of equipment that had not been properly operated should be reported to the . The total materials cost variance should be reported to the .
Answer and Explanation:
The computation is shown below:
a. Direct material price variance
= 80,000 × ($2.65 - $2.5)
= $12,000 unfavorable
Direct material quantity variance
= $2.5 × (80,000 - 86,000)
= -$15,000 favorable
ANd, the total direct material cost variance
= $12,000 unfavorable - $15,000 favorable
= -$3,000 favorable
2. The direct material price variance should be reported to the purchasing department while the direct material quantity variance should be reported to the production supervisor and the total material cost variance should be reported to the senior plant management
Viola has to relocate for her job. She finds a townhome with an option to rent or buy. The conditions of each are shown below. Rent: Move-in costs of $2,380 and.monthly payment of $845. Buy: Move-in costs of $5,260 and monthly payment of $785. Viola moves frequently due to her job, but she thinks that she will stay in the area for 4 years. Therefore, she decided to buy. Cho0se the best evaluation of Viola's deci a. Since the costs would be the same over the 4 year period, she will have made a good decision if the property value does not decrease. b. She made a fairly good decision. Buying the townhome will be cheaper over the 4 year period as long as she doesn't have major repairs to make. C. She made a poor decision if the property value does not increase. Renting the townhome would be cheaper over the 4 year period. d. There is not enough information given to determine which option is best.
Answer: C
Explanation: i took a test on k12 with the same answer
Answer:
A
Explanation:
Since the costs would be the same over the 4 year period, she will have made a good decision if the property value does not decrease.
Special items are: Multiple Choice Significant transactions that are unusual and infrequent over which management has control. Significant transactions that are unusual or infrequent and are not within the control of management. Significant transactions that are unusual and infrequent and are not within the control of management. Significant transactions that are unusual or infrequent over which management has control.
Answer:
Significant transactions that are unusual or infrequent over which management has control.
Explanation:
Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).
Hence, it is the field of accounting which typically involves specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time. Financial experts or accountant uses either the cash basis or accrual basis of accounting.
Similarly, managerial accounting also known as cost accounting is an accounting technique focused on identification, measurement, analyzing, interpretation, and communication of financial information to managers for better decisions making and pursuit of the organization's goals.
In managerial accounting, special items are significant transactions that are unusual or infrequent over which management has control. Thus, it is a one-time large expense incurred by a business firm or organization and it is generally not expected to reoccur in the future.
maximum amount willing to payGenesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division produces containers that can be used by the Cologne Division. The Bottle Division's variable manufacturing cost is $2, shipping cost is $0.10, and the external sales price is $3. No shipping costs are incurred on sales to the Cologne Division, and the Cologne Division can purchase similar containers in the external market for $2.60. The maximum amount the Cologne Division would be willing to pay for each bottle transferred would be:
Answer: $2.60
Explanation:
Based on the information given in the question, the maximum amount that the Cologne Division would be willing to pay for each bottle transferred would be the amount that the company can purchase the containers in the external market which is given in the question as $2.60.
That's the highest amount that they can but the containers for. Therefore, the answer is $2.60
Which task would most lIkely be completed by a fraud examiner?
Answer:
prepare documents to present in court as evidence.
A company forecasts sales of $91,500 for the quarter ended December 31. Its gross profit rate is 18% of sales, and its September 30 inventory is $25,000. If the December 31 inventory is targeted at $7,500, budgeted purchases for the fourth quarter should be: (Show work on test paper or separate scanned submission.)
Answer:
Purchases= $57,530
Explanation:
Giving the following formula:
Production= 91,500*(1 - 0.18)= $75,030
Beginning inventory= $25,000
Desired ending inventory= $7,500
To calculate the budgeted purchases, we need to use the following formula:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 75,030 + 7,500 - 25,000
Purchases= $57,530
Match the items with the appropriate definitions. Items which are not definitions will be used.
Barter Double coincidence of wants Money
Answer Bank
paper bills and coins
a situation where two individuals each want some good or service that the other can provide
trading one good for another without the use of money
whatever serves society in three functions: medium of exchange, store of value, and unit of account
an event that occurs in conjunction with an unrelated event
a situation in which money is used to facilitate economic transactions
Answer:
Double coincidence of wants - a situation where two individuals each want some good or service that the other can provide
Double coincidence of wants occurs when in a transaction between two or more individuals, each want to obtain the good or service that the other is offering.
Barter - trading one good for another without the use of money
In barter, people trade a good or service for another good or service, without the use of money as medium of exchange. An example of barter is trading a cow for a sheep.
Money - whatever serves society in three functions: medium of exchange, store of value, and unit of account
Money is any good that serves the three purposes of money, store of value to serve as a medium to save or to accumulate wealth, medium of exchange to trade goods and services, and unit of account to measure the value of goods and services under a common guide.
Name at least three current intellectual property challenges faced by IT managers, and explain how managers can prepare for, prevent or mitigate the damage done by each. Explain and support your argument with examples from either the textbook or a peer-reviewed source. Cite all referenced material in APA style.
Answer:
The responses to this question can be defined as follows:
Explanation:
Software device designers and landowners should take good care to guarantee whether their area of development is properly protected inside the scope of intellectual property in the quick and extremely competitive technology sector. After all, advanced, interconnected problems involving the convergence of copyright, trademark, company name, and trade secret legislation are protected by the security software scheme.
IT administrators/organizations face copyright problems
Software device functionality or options: copyright does not cover definitions of computer tools and capabilities nor does it cover interfaces. That's why competitors will create a very similar software application that can't be assumed to have violated violations, ciao so because the software system has its own ASCII text file.
Even so, ideas about roles and choices for software applications may well be covered underneath the law. The software system technically could be patented in the Asian world, but in some nations, in conjunction with both the United States. It way is also followed by Asian countries as attached equipment or devices of innovative functions and incredible steps would be deemed patentable under thai law, nevertheless, this unit of such a field is talking about an item by item.
Source code: Typically, the ASCII text is secret untouched and simply revealed when the program has also been publicly released. Throughout the absence of a folder of ASCII text underneath the security protocols, secret law should cover all who accurately reveal, deprive or use corporate data of another party while also not consenting to another party.
Copyright ownership: Except as otherwise agreed in writing, the ownership of the software application created by affiliated workers is owned by the worker under a related arrangement.
This same commission group will, but on the other hand, be accountable for copyright for both the software system developed underneath a service agreement. Designers and their representatives for independent candidates could, nevertheless, accept that perhaps the developers own all the rights to the copyright.
License agreements: Whenever the customer needs a software application to supply an ASCII word document, both parties must clarify whether or not the customer needs this same ASCII text file to be provided, and whether the software state requires to be modified or updated.
This could be substantially different from a licensing deal as a consequence of a computer device sales contract or a similar arrangement for granting copyright to an ASCII text file.
In the case that the entities agree with a software system license agreement that requires the ASCII text file to be revealed for customization and/or the system change, the programmer may adopt a requirement that perhaps the consumer is to remain confidential with both the ASCII text file. Software licensing terms do not prevent landowners from granting alternative groups licenses.
Exclusive license: The software system can be used solely by the dealer. This is not permitted to be used by the licensee and no extra permits can be granted.
The only lease: the software system can only be used by the retailer. A licensor decides not to issue permits and licenses but maintains their right to use the software application.
License not exclusive: the copyright holder could concurrently issue multiple users licenses and even the user could use the software framework.
In a competitive economy, firms pay a real wage (W/P) equal to the marginal product of labor (MPL) and a real rental rate (R/P) equal to the marginal product of capital (MPK). Note that the total income of labor is equal to the product of the real wage and the total quantity of labor employed. Likewise, the total income of capital is equal to the product of the real rental rate and the total quantity of capital employed. Use this information to answer the following questions.
a. The marginal product of labor (MPL) can be expressed as______ and _______the marginal product of capital (MPK) can be expressed as _______.
Answer:
hello your question has some missing information attached below is the missing information
answer :
MPL = ( 1 - ∝ ) Y/L
MPK = ( ∝ ) Y/K
Explanation:
Given that : y = AK^∝ L^1-∝
The marginal product of labor can be expresses as :
MPL = dy/dL = AK^∝ ( 1 - ∝ ) L^ 1-∝-1
= ( 1 - ∝ ) [ A K^∝ L^-∝ ]
hence MPL = ( 1 - ∝ ) Y/L
The marginal product of capital can be expressed as :
MPK = A ∝ K^∝-1 L^ 1-∝
= ∝/K [ A k^∝ L^1-∝
= ∝/K * Y ∴ MPK = ( ∝ ) Y/K
Hardware is adding a new product line that will require an investment of . Managers estimate that this investment will have a 10-year life and generate net cash inflows of the first year, the second year, and each year thereafter for eight years. The investment has no residual value. Compute the payback period.
Answer: 6.17 years
Explanation:
Payback period = Period before debt is paid back + Amount left to to be paid back / Cashflow in year of payback.
Year Cash Flows Amount left to be paid back
0 (1,540,000) (1,540,000)
1 315,000 (1,225,000)
2 265,000 (960,000)
3 230,000 (730,000)
4 230,000 (500,000)
5 230,000 (270,000)
6 230,000 (40,000)
7 230,000 190,000
Year before payback = 6
Payback amount = 6 + (40,000 / 230,000)
= 6.17 years
A customer recently lost data because it was accidentally deleted. The customer calls a technician and asks to have a Windows backup solution installed. The customer needs to ensure all company data is backed up and quickly recoverable every time a change is made.
Required:
Which solutions would the technician MOST likely recommend?
Answer:
Snap shot and shadow copy
Explanation:
Shadow copy is a technique which is used by the administrators of computer software to backup data and create snapshots for files. It saves the data and creates a backup which can be restored when the actual data is intentionally or mistakenly lost.
A borrower has secured a 30-year, $150,000 loan at 7% with monthly payments. Fifteen years later, the borrower has the opportunity to refinance with a fifteen-year mortgage at 6%. However, the up-front fees, which will be paid in cash, are $2,500. What is the return on investment if the borrower expects to remain in the home for the next fifteen years
Answer:
Return on investment ≈ 29%
Explanation:
using excel function
Determine :
Rate = 7% / 12 = 0.0058
Nper value = 30 years * 12 = 360
PV = -$150,000
∴ PMT value = $997.95
next : calculate the outstanding balance 15 years later
= ( 997.95 / 0.00583 ) * ( 1 - ( 1 / ( 1 + 0.00583 )^15*12 ))
= 171174.96 * 0.6489
= $ 111,075.43
Considering the opportunity to refinance
Rate = 6% /12 = 0.005
Nper = 15 * 12 = 180
Pv = - $111,075.43
∴ PMT = 937.32
the monthly saved up payment = PMT 1 - PMT 2
= 997.95 - 937.32 = $60.63
Finally
Rate of return on investment
= 2500 = 60.63 * [tex]( \frac{1 - (\frac{1+r}{12})^{-15*12} }{r} )[/tex]
hence Rate of return ≈ 29 %
attached below is a screenshot of the excel function used for question 2 and it can be used for question 1 as well just change the values
At year-end, Chief Company has a balance of $22,000 in accounts receivable of which $2,200 is more than 30 days overdue. Chief has a credit balance of $220 in the allowance for doubtful accounts before any year-end adjustments. Using the aging of accounts receivable method, Chief estimates that 1.0% of current accounts and 12% of accounts over thirty days are uncollectible. What is the amount of bad debt expense
Answer:
$242
Explanation:
If a company has a balance of $22,000 in accounts receivables of which $2,200 is more than 30days overdue, amount of receivables below 30days overdue
= $22,000 - $2,200
= $19,800
Allowance for doubtful debt
= (1.0% × $19,800 + 12% × $2,200)
= $198 + $264
= $462
Additional allowance required
= $462 - $220
= $242
This is the amount t of bad debts as the credit could be posted to allowance for
doubtful debt and the debit to bad debt account
Kuzio Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $ 150 100 % Variable expenses 60 40 % Contribution margin $ 90 60 % The company is currently selling 7,000 units per month. Fixed expenses are $214,000 per month. The marketing manager believes that a $7,500 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. What should be the overall effect on the company's monthly net operating income of this change? rev: 03_09_2018_
Answer:
Effect on income= $9,600 increase
Explanation:
Giving the following formula:
Unitary contribution margin= $90
The marketing manager believes that a $7,500 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales.
To calculate the effect on income, we need to use the following formula:
Effect on income= increase in total contribution margin - increase in fixed costs
Effect on income= 190*90 - 7,500
Effect on income= 17,100 - 7,500
Effect on income= $9,600 increase
A change in supply is illustrated by a movement along an existing supply curve
true or false
the correct answer is true.
Advertising department expenses of $26,700 and purchasing department expenses of $46,700 of Cozy Bookstore are allocated to operating departments on the basis of dollar sales and purchase orders, respectively. Information about the allocation bases for the three operating departments follows.
Department Sales Purchase Orders
Books $180,400 1,290
Magazines 123,000 690
Newspapers 106,600 1,020
Total $410,000 3,000
Complete a table by allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments.
Answer:
The advertising department expense allocated to each department are as follows:
Books Dept = $11,748
Magazines Dept = $8,010
Newspapers Dept = $6,942
Totals advertising department expenses allocated = $26,700
The purchasing department expenses allocated to each department are as follows:
Books Dept = $20,081
Magazines Dept = $10,741
Newspapers Dept = $15,878
Total purchasing department expenses allocated = $46,700
Explanation:
Note: See the attached excel for the completed table used in allocating the expenses of the two service departments (advertising and purchasing) to the three operating departments.
From the attached excel, the advertising department expense allocated to each department are as follows:
Books Dept = $11,748
Magazines Dept = $8,010
Newspapers Dept = $6,942
Totals advertising department expenses allocated = $26,700
From the attached excel, the purchasing department expenses allocated to each department are as follows:
Books Dept = $20,081
Magazines Dept = $10,741
Newspapers Dept = $15,878
Total purchasing department expenses allocated = $46,700
You own a stock portfolio invested 35 percent in Stock Q, 25 percent in Stock R, 25 percent in Stock S, and 15 percent in Stock T. The betas for these four stocks are .83, 1.21, 1.22, and 1.39, respectively. What is the portfolio beta
Answer:
Beta= 1.1065
Explanation:
Giving the following formula:
Proportions:
35 percent in Stock Q, 25 percent in Stock R, 25 percent in Stock S, and 15 percent in Stock T.
Betas:
0.83, 1.21, 1.22, and 1.39,
To calculate the beta of the portfolio, we need to use the following formula:
Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B)
Beta= (0.35*0.83) + (0.25*1.21) + (0.25*1.22) + (1.15*1.39)
Beta= 1.1065
Corey is the city sales manager for RIBS, a national fast food franchise. Every working day, Corey drives his car as follows: Miles Home to office 20 Office to RIBS No. 1 15 RIBS No. 1 to No. 2 18 RIBS No. 2 to No. 3 13 RIBS No. 3 to home 30 Corey renders an adequate accounting to his employer. As a result, Corey's reimburseable mileage is: a.0 miles. b.46 miles. c.76 miles. d.66 miles.
Answer:
b.46 miles
Explanation:
Calculation to determine Corey's reimburseable mileage
Corey's reimburseable mileage= 15 miles + 18 miles + 13 miles
Corey's reimburseable mileage = 46 miles
Therefore As a result, Corey's reimburseable mileage is 46 miles
A town wishes to build a new school that will cost $15,000,000. The school is to be built in 10 years. The town will provide funding for the new school by depositing a uniform amount into an investment fund paying 5% per year, compounded annually. How much must be set aside in each of the 10 years to provide for the new school?
Answer:
Annual deposit= $1,192,568.62
Explanation:
Giving the following formula:
Future Value= $15,000,000
Number of periods= 10 years
Interest rate= 5% compounded annually
To calculate the annual deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (15,000,000*0.05) / [(1.05^10) - 1]
A= $1,192,568.62
Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the following results for the past year:
Sales $1,400,000
Net operating income $70,000
Average operating assets $350,000
Required:
a. Compute the Springfield club's return on investment (ROI), margin and turnover value.
b. Assume that the manager of the club is able to increase sales by $70,000 and that, as a result, net operating income increases by $18,200. Further, assume that this is possible without any increase in operating assets. What would be the club's return on investment (ROI), margin and turnover value?
c. Assume that the manager of the club is able to reduce expenses by $14,000 without any change in sales or operating assets. What would be the club's return on investment (ROI), margin and turnover value?
Answer:
1. 20%
2.25.2%
3.24%
Explanation:
1. Calculation to determine the ROI
Using this formula
ROI= Net income/Average operating assets
Let plug in the formula
ROI= $70,000 / $350,000*100
ROI= 20%
2) ROI = ($70,000 +$18,200)/$350000"100
ROI=$88,200/$350,000*100
ROI=25.2%
3) ROI = ($70,000 +$14,000)/350000*100
ROI=$84,000/$350,000*100
ROI=24%
Parker Company pays each member of its sales staff a salary as well as a commission on
each unit sold. For the coming year, Parker plans to increase all salaries by 5% and to keep
unchanged the commission paid on each unit sold. Because of increased demand, Parker
expects the volume of sales to increase by 10%. How will the total cost of sales salaries and
commissions change for the coming year?
A. Increase by 5% or less.
B. Increase by more than 5% but less than 10%.
Answer: B is correct
Explanation:
Sales salaries will increase by exactly 5%. The per-unit commission amount will remain constant, but sales commissions in total are expected to increase by 10%. Thus, total sales salaries and commissions will increase somewhere between 5% and 10%.
The projected benefit obligation was $280 million at the beginning of the year and $300 million at the end of the year. Service cost for the year was $18 million. At the end of the year, there were no pension-related other comprehensive income accounts. The actuary’s discount rate was 5%. What was the amount of the retiree benefits paid by the trustee?
Answer:
$12 million
Explanation:
Calculation to determine the amount of the retiree benefits paid by the trustee
Beg PBO $280 million
Less En PBO ($300 million)
Add Service cost $18 million
Add Interest cost $14 million
(280million*5%)
Retiree benefits Paid by trustee $12 million
Therefore the amount of the retiree benefits paid by the trustee is $12 million
Determining Missing Items from Computations Data for the California, Midwest, Northwest, and Texas divisions of Firefly Industries are as follows: Sales Operating Income Invested Assets Return on Investment Profit Margin Investment Turnover California $ 6,000,000 (a) (b) 16% 20% (c) Midwest (d) $1,512,000 (e) (f ) 12% 1.4 Northwest 13,750,000 (g) $11,000,000 17.5% (h) (i) Texas 5,250,000 840,000 3,500,000 (j) (k) (l) a. Determine the missing items, identifying each by the letters (a) through (l). Round profit margin to one decimal place and investment turnover to two decimal places.
aAnswer:
Note: See the lower part of the attached excel for the table for the answer.
Explanation:
In the attached excel file, the following calculations are done:
(a) Operating income = Sales * Profit margin = $6,000,000 * 20% = $1,200,000
(b) Invested assets = Operating income / Return on investment = $1,200,000 / 16% = $7,500,000
(c) Investment turnover = Return on investment / Profit margin = 16% / 20% = 0.80 times
(d) Sales = Operating income / Profit margin = 1,512,000.00 / 12% = $12,600,000
(e) Investment assets = Sales / Investment turnover = $12,600,000 / 1.40 = $9,000,000.00
(f) Return on investment = Investment turnover * Profit margin = 1.40 * 12% = 16.80%
(g) Operating income = Invested assets * Return on investment = $11,000,000 / 17.50% = $1,925,000
(h) Profit margin = (Operating income / Sales) * 100 = ($1,925,000 / $13,750,000) * 100 = 14.0%
(i) Investment turnover = Return on investment / Profit margin = 17.50% / 14.0% = 1.25 times
(j) Return on investment = (Operating income / Invested assets) * 100 = ($840,000 / $3,500,000) * 100 = 24.0%
(k) Profit margin = (Operating income / Sales) * 100 = ($840,000 / $5,250,000) * 100 = 16.0%
(l) Investment turnover = Return on investment / Profit margin = 24.0% / 16.0% = 1.50
using a scale: Three boys Isaac ,Alex and Ken are standing in different parts of a field .Isaac is 100 metres north of Alex and Ken is 120 metres east of Alex .Find the compass bearing of Ken from Isaac
Answer:
156 m South East of Isaac
Explanation:
This is going to be solved by using Pythagoras theorem
We have the adjacent of the triangle as the Eastern distance between Ken and Alex, and that is 120 m. We have the opposite side to be the Northern distance between Isaac and Alex to be 100 m
If so, then we know that the hypotenuse side is the distance between Isaac and Ken. Using Pythagoras, we know that
100² + 120² = x²
x² = 10000 + 14400
x² = 24400
x =√24400
x = 156.2 m
The compass bearing of Ken, from Isaac then is,
Ken is 156.2 m South East of Isaac
How does the company’s focus on recruiting accountants and related services give Accountingfly a competitive advantage?
In order for a company to make a profitable growth, it must have good terms of accounts and finance people.
The services that may lead the company to focus on competitive advantage are the benefits of hiring those accounts that are honest, hard-working and work with deadlines. The company recruitment can make a competitive advantage by taking in top-notch accountants and giving large pays thereby attracting more clients. It also does this by working with the approved rules, standards, and regulations.Hence the option D is correct.
Learn more about the company’s focus on recruiting accountants.
brainly.com/question/13234529.
The budget for Department 6 of Cardinal Company for the current month ending March 31 is as follows:
Materials $208,000
Factory wages 265,000
Supervisory salaries 67,800
Depreciation of plant and equipment 35,000
Power and light 22,500
Insurance and property taxes 15,500
Maintenance 9,700
During March, the costs incurred in Department 6 of Cardinal Company were materials, $204,000; factory wages, $285,000; supervisory salaries, $63,600; depreciation of plant and equipment, $35,000; power and light, $21,360; insurance and property taxes, $14,400; and maintenance, $9,456.
Required:
Prepare a budget performance report for the supervisor of Department 6 of Cardinal Company for the month of March.
Answer:
Cardinal Company
Department 6
Budget Performance Report for the month of March
Budget Actual Variance
Materials $208,000 $204,000 $4,000 F
Factory wages 265,000 285,000 20,000 U
Supervisory salaries 67,800 63,600 4,200 F
Depreciation of plant and
equipment 35,000 35,000 0 None
Power and light 22,500 21,360 1,140 F
Insurance and property taxes 15,500 14,400 1,100 F
Maintenance 9,700 9,456 244 F
Total Expenses $623,500 $632,816 ($9,316) U
Explanation:
a) Data and Calculations:
Budget for the month of March:
Materials $208,000
Factory wages 265,000
Supervisory salaries 67,800
Depreciation of plant and
equipment 35,000
Power and light 22,500
Insurance and property taxes 15,500
Maintenance 9,700
Total Expenses $623,500
Actual Costs Incurred during March:
Materials $204,000
Factory wages 285,000
Supervisory salaries 63,600
Depreciation of plant and
equipment 35,000
Power and light 21,360
Insurance and property taxes 14,400
Maintenance 9,456
Total Expenses $632,816
When a fast-moving consumer goods (FMCG) company faced bankruptcy, the company decided to encourage its employees to contribute their ideas toward organizational development and growth. The organization also asked its human resource team to assess the employees' levels of commitment toward organizational effectiveness. To improve the FMCG company's organizational performance, it is evident that the company most likely used _____. Group of answer choices
Answer:
Attitude surveys
Explanation:
Attitude surveys are used by employers to gauge how employees view the company and their role in it.
This type of survey exposes issues like lack of trust, low moral from employees, and dissatisfaction in the workplace.
In this instance the organization asked its human resource team to assess the employees' levels of commitment toward organizational effectiveness.
This will allow the FMCG company know how the bankruptcy challenge is being handled by the employees
Henry is a new employee who used to work for your most daunting competitor. When you
are designing an ad campaign, you interview Henry to help you draft an accurate
company.
coercive
reward
referent
information
none of the above.
Answer:
information
Explanation: