Answer:
$20,000
Explanation:
When a financial statement analysis technique shows the changes of income statement or balance sheet items over the period of time with the same financial statements, it is called Horizontal Analysis. It shows the firm's capability of either increasing or decreasing of assets or expenses over the period. Here,
Balance Sheet
Account Title Year 1 Year 2 Changes (Increase/Decrease)
Cash $20,000 $40,000 $20,000 Increase
<span>A trend extrapolation is detecting faulty underlying assumptions before forecasting errors can occur. This is to allow forecasters to place a trend that is evident over time, and then calculate it forward base on the calculated data relating rates of change. An example is detecting the climate of the day. Forecasting it is not easy since analysts have to extrapolate the past data to predict the future event. </span>
Answer:
Instructions are below.
Explanation:
Giving the following information:
The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,600 units.
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Purchases= sales + desired ending inventory - beginning inventory
For example:
Sales 2nd Quarter= 27,000 units
Sales 3rd Quarter= 45,000 units
Production budget (in units):
Sales= 27,000
Desired ending inventory= (45,000*0.20)= 9,000
Beginning inventory= (3,600)
Total= 32,400 units
Answer:
The correct answer is D
Explanation:
Computation of allocation of factory overhead cost for the Job NO 117:
Now, computing the rate of overhead allocation as:
Pre- determined rate of overhead allocation = Estimated aggregate overhead / estimated number of labor hours
where
Estimated aggregate overhead is $95,000
Estimated number of labor hours is 9,500 hours
Putting the values above:
= $95,000 / 9,500 hours
= $10 per hour.
Computing the overhead cost to be allocated to Job No 117 as:
Overhead cost to be allocated to Job No 117 = Number of direct labor hours × pre- determined rate of overhead
where
Number of direct labor hours is 2,300 hours
Pre- determined rate of overhead allocation is 10 per hour
Putting the values above:
= 2,300 hours × $10 per hour
= $23,000
Answer: b. must decline to take the listing with this requirement
Explanation: A real estate professional must not take any listing with discriminatory requirement based on race such as the requirement made by the seller in the scenario above. This in accordance with the Fair Housing Act which prohibits acts of discrimination in housing based on color, religion, race, sex or nationality. A listing stating that an apartment or property shouldn't be offered to individuals who aren't nationals of the United States has discriminated on the basis of nationality which is illegal.
