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3 years ago

8

_____ means "let the buyer beware" is a philosophy sometimes used by businesses to put the burden for consumer protection onto t

he customer. caveat emptor habeas corpus quid pro quo respondeat superior

1 answer:

NeX [460]3 years ago

4 0

Caveat emptor is the word you’re looking for.

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Which of the following statements is true of an activity-based costing system?

eimsori [14]

Answer:

The correct answer is A. It uses separate predetermined overhead allocation rates for each activity.

Explanation:

he ABC cost model allocates and distributes indirect costs according to the activities carried out in the process of manufacturing the product or service, identifying the origin of the cost with the necessary activity, not only for production but also for distribution and sale; The activity is understood as the set of actions that aims to incorporate added value to the product through the manufacturing process. Complementing the definition of activity, it should be mentioned that the ABC Model is based on the fact that products and services consume activities, and these in turn are the ones that generate costs.

7 0

3 years ago

Knight Company reports the following costs and expenses in May.

Marina86 [1]

Answer:

A. Consider all indirect manufacturing costs

B. Consider all manufacturing costs

C. Consider non manufacturing costs

Explanation:

A) Manufacturing overhead.

Consider all indirect manufacturing costs

B) Product costs.

Consider all manufacturing costs

C) Period costs.

Consider non manufacturing costs

4 0

3 years ago

Transactions The selected transactions below were completed by Cota Delivery Service during July: Indicate the effect of each tr

Bezzdna [24]

Answer & Explanation:

1.- Increase in assets and equity

(cash is asset and common stockequity)

2.- no effect

(one asset cash is rtaded for another, supplies)

3.- Decrease in Assets and Equity

(expense decrease the cash (assets) and equity (income))

4.- Decrease in Assets and Equity

(expense decrease the cash (assets) and equity (income))

5.- Increase in assets and equity

(cash increase equity increase (service revenue))

6.- Increase in assets and equity

(account receivable increase equity increase (service revenue))

7.- Decrease in Assets and Liablity

(ap decrease and cash decrease)

8.- no effect

(one asset increases cash. Another decreases, account receivable)

9.- Decrease in Assets and Equity

(expense decrease the suppplies (assets) and equity (income))

10.- Decrease in Assets and Equity

(less cash less retained earnings)

5 0

4 years ago

Under AICPA rules, which statement best describes the period of the professional engagement as it applies to a three-year engage

gizmo_the_mogwai [7]

Answer: The correct answer is "D. It begins when the engagement letter is signed and continues until the report for the third year is issued unless the relationship is terminated sooner.".

Explanation: The statement "It begins when the engagement letter is signed and continues until the report for the third year is issued unless the relationship is terminated sooner." best describes the period of the professional engagement as it applies to a three-year engagement to audit client's financial statements since this type of professional commitment begins with the signing of the document that formalizes the commitment and is in force until the issuance of the last report unless the relationship is resolved beforehand by another circumstance.

4 0

3 years ago

Darrin’s employees are highly skilled, so he allows them free rein to do their jobs.

Oxana [17]

Answer::Leader-Member exchange , Out group members

Explanation:Leader-Member exchange theory is a relationship based theory of leadership that exists between the leading managers and their n employees together with their interaction with each other leading to a productive workplace environment for both individuals.

The created relationship can either succeed when there is trust and mutual respect leading to effective employees or fail by producing undesired result in terms of a hostile relationship leading to low efficiency and productivity from employees

According to the leader member exchange theory, leaders tend to create different relationships with followers by forming two groups----- in group members and out group members

of which the outgroup members are given less responsibilities with less attention and work outside the leaders inner circle of communication and therefore are less likely to engage in organizational citizenship than other employees.

4 0

4 years ago