Answer:
Possible causes of material quantity variance:
1. The use of sub-standard material
2. The use of unskilled labour
3. Wastage of material
Explanation:
Material quantity variance is the difference between standard quantity and actual quantity used multiplied by standard price. The use of sub-standard material reduces the quality of output thereby resulting to unfavorable material quantity variance. The use of unskilled labour also leads to unfavorable material quantity variance. Wastage of material due to low quality of inputs also results to unfavorable material quantity variance.
Answer:
The incorrect statement is letter "B": Residents of Canada meet the definition as a qualifying person.
Explanation:
Credit for Other Dependent is a tax credit taxpayers can claim for every qualifying dependent that is not considered as a Child Tax Credit (17 years or older and elderly parents). The taxpayer can get up to $500 nonrefundable credit for each of those qualifying dependents. Residents of Canada and Mexico do not meet the definition of qualifying dependent.
Answer:
1. $34 million
2. $0
Explanation:
Given that,
Fair value of Centerpoint Inc = $256 million
Book value of Centerpoint's net assets (excluding goodwill) = $228 million
Book value of Centerpoint's net assets (including goodwill) = 290 million
1. Actual Value of Goodwill:
= Fair Value of Centrepoint Inc. - Book Value of Net assets (excluding goodwill)
= $256 million - 228 million
= $28 million
Loss on Impairment of Goodwill:
= Goodwill recorded - Actual value of goodwill
= $62 million - $28 million
= $34 million
2. In this case Fair value of ($318 million) is more than Book value ($290 million) then there will be no Impairment Loss.
It means that the loss on Impairment of Goodwill = $0.
Answer:
The answer is: Credit record to Accounts Receivable account
Explanation:
The Accounts Receivable account is an asset, usually it should be a current asset since it should be collected within a one year period. When assets increase, a debit record should be made. But in this case, the asset is decreasing since bad debts reduce the Accounts Receivable account. When an asset decreases, a credit record should be made.
Answer
Polygraphics
Explanation
Consumer profile is a way in which consumer are categorized according to groups regarding the market and the advertising purposes. By this you create a good picture of your customers which helps you to make good decisions according to the services you are offering. Customer profiling normally includes:
Demographic profiling which is the data concerning the population, age gender and the income of people within a certain population.,
Psycho-graphics profiling this is where the behavior and beliefs of a certain population is captured.
Buying patterns this is normally the consumers behavior in the market its is about the quantity, duration e.t.c.
