Answer: Overstatement of profit by $8000
Explanation:
The change in an accounting method of valuing stock which results in decrease in the value of stock will increase the profit when compared to the period before the method that decrease the stock was used. To effect the change a debit charge will be made to the retained earnings and a credit charge to the stock account to reduce the value.
Answer:
Direct Labor
Explanation:
Direct labor cost is irrelevant to decide product A or product B because it is indifferent for both the product. direct labor cost will remain same in both the options.While Direct material 1,2 and 3 are different in both the option.
It does not necessarily count as public good because a camp ground is not a good method of showing importance of the national park as the park is open to the public and should be respected in any means possible as they are open to the public and having it as a campground is not a way of showing its importance.
Answer:
Total value (5,400)
Explanation:
10,000,000 rupees
option to sale ruppes at $2.30
2.3
The spot rate was 2.80
Option Premium:
10,000,000 / 100 x 0.004 = 400
Stop difference:
(2.80 - 2.30) x 10,000,000 / 100 = 5,000
Total value (5,400)
Answer:
Letter C is correct. <u>The Theory X style of management.</u>
Explanation:
The most suitable alternative is the letter C.<u> </u>The Theory X style of management.
Theory X can be defined as one of the currents of thought proposed by Douglas Mcgregor in 1960, and refers to assumptions about the behavior of employees in the workplace, this means that management must be developed from the actions and behaviors of employees , from there different styles of planning, controlling, organizing and dividing tasks will emerge.
In administration based on theory X, the individual is considered self-centered, without ambitions and needs supervision to exercise self-discipline and self-control. Economic benefits must be offered as a form of incentive and punishment.
According to theory X, employees avoid responsibility, so there must be economic incentives for them to be more ambitious and productive.
