Accounting<span> is the </span>process<span> of constructing and maintaining financials. </span><span>
The framework for the entire accounting process is referred to as</span> definitional framework. The framework<span> provides a categorized structure that classifies the basic elements in </span>accounting. The accounting equality shows that the assets of a business are equal to its equities. This means that Assets = Equities. Assets were defined earlier as the things of value owned by the business, or the economic resources of <span>the business. </span>
Answer:
Option (B) is correct.
Explanation:
Implicit costs refers to the opportunity cost that is associated with the selection of the alternative.
In this question, the Rosa wants to migrate to another country, if she do so then she have to foregone her earnings in the home country.
Therefore, Rosa's stream of future earnings in her home country is $500,000 and it is considered as implicit cost. She give up this much of income to earn $800,000.
Explicit costs includes:
(i) Transportation = $5,000
(ii) Application and other processing fees = $4,000
Investment bankers perform all of the following functions except manage mutual funds.
<h3>Who is an investment banker?</h3>
Investment bankers underwrite securities on a firm commitment (principal) basis; and on a best efforts (agency) basis.
Investment banks also advise companies on mergers, acquisitions, divestitures and spin-offs.
Hence, Investment bankers perform all of the following functions except manage mutual funds.
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Answer: a. Operational efficiency
c. Efficiency in use of total assets
Explanation:ROE(RETURNS ON EQUITY) This is a term used in financial analysis,it is the percentage representation of the value of a company's NET INCOME DIVIDED BY THE VALUE OF THE SHAREHOLDERS SHARES. Both the balance sheet and the income statement is used when calculating ROE.
OPERATIONAL EFFICIENCY tries to Describe how well the management of the entire Operations is carried out. It is a major determining factor in ROE.
EFFICIENCY IN USE OF TOTAL ASSETS this is a term used to determine how well a company is effectively using it's assets. This assets can be in the form of Financial, Machines,raw materials etc.
Since ROE involves NET INCOME, efficiency in use of total assets is a major determining factor in ROE.
Answer:
$4,248 under applied
Explanation:
For computing the ending overhead amount we need to do following calculations which are shown below:
Predetermined overhead rate is
= Total estimated manufacturing overhead ÷ estimated direct labor-hours
= $516,368 ÷ 21,880 hours
= $23.6 per hour
Now
Actual overhead applied is
= $23.6 × 21,700 hours
= $512,120
Therefore,
Overhead under applied is
= Manufacturing overhead - Actual overhead applied
= $516,368 - $512,120
= $4,248 under applied
