Answer:
C.completeness
Explanation:
Occurrence means transactions and events that have been recorded or disclosed have occurred and relate to the entity.Existence means whether or not accounts balances and related disclosures related Assets, liabilities and equity interests exist in the financial statements.
Completeness means there are no unrecorded transactions, events and disclosures and all transactions that have occurred has been included in the general ledger/financial statements
Valuation or allocation means that assets, liabilities and equity interests are included in the financial statements at appropriate amounts and any resulting valuation or allocation adjustments are appropriately recorded and related disclosures have been appropriately measured and described.
In this question, interest on sample of paid notes have been traced to the general ledger account, to check that whether the interest on the selected sample has been included in the general ledger and financial statements.Thus the answer shall be C.completeness
Answer:
Globalization of production
Explanation:
Globalization of production talks about economic globalisation, it is a means of integrating national economy into international economy via capital flow, trade, foreign direct investment etc.
One of the advantage of Globalization of production is that it helps to raise incentives for production in regions with low cost.
Answer:
$3
Explanation:
Cost per Equivalent Unit =Total materials costs/EUP
Beginning Costs=10,000
Additional Costs=50,000
Total Costs=10,000+50000=$60,000
EUP=20,000
So
$60,000/20,000=$3
Answer:
D. All of the above.
Explanation:
Full employment describes an economic situation where every able and willing worker is employed. It represents a situation where the highest possibles numbers of unskilled and skilled people are in employment. In practice, full employment is when the economy attains the optimal levels of unemployment.
At full employment, the unemployment rate will be above zero percent. The reason is that the economy will always have as frictional unemployment. Frictional unemployment is the time it takes for an individual to find their ideal job. Structural and frictional unemployment contribute about 2 to 3 percent of unemployment in the economy. Economists thus consider a 3 percent unemployment as full employment.
Answer:
Unitary Direct material cost= $0.16 per bar
Explanation:
Giving the following information:
The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (5,200 bars) are as follows:
Ingredient Quantity Price
Cocoa 400 lbs. $1.25 per lb.
Sugar 80 lbs. $0.40 per lb.
Milk 120 gal. $2.50 per gal.
Unitary Direct material cost= (400/5,200)*1.25 + (80/5,200)*0.40 + (120/5,200)*2.5= $0.16 per bar
