Answer:
c. $154,000.
Explanation:
According to the difference value technique, the average difference between audited value and book value for the sample should be replicated for the whole population of 4,000 accounts. The average difference per account is:
This means that the audited value is $1 greater than the book value for each account, assuming 4,000 accounts with a book value of $150,000, the audited value is:
Estimated total audited value of the population is: c. $154,000.
Answer:
Predetermined overhead rate = $6.5 per hour
Explanation:
Predetermined overhead absorption rate is used to charged indirect costs (overheads) to production units
The Pre-determined overhead absorption rate =
Budgeted overhead/Budgeted machine hours
Estimated overhead
= 50,000+ 25,000+ 75,000 +125,000 + 25,000 +25,000
= $325
,000
Budgeted machine hours = 50,000
Predetermined overhead rate = $325
,000/50,000 hours
= $6.5 per hour
Answer:
d. classify firms according to their number of customers
Explanation:
Since Dion wants to market his services to these car firms, he should consult for data that can be used to classify firms according to the customers that they have.
It has been stated clearly that people have to drive to Lubbock dallas, or Austin to get their cars serviced, so the firms can beclassified according to the number of customers.
Answer:
New Current ratio will be 1.82
Explanation:
Current assets = $1,490,000
Current liabilities = $820,000
New stock issued = $175000
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $1,490,000 / $820,000
Current Ratio = 1.8171 = 1.82
New Stock issue will not effect the current ratio as current ratio only deals the current assets and current liabilities ( as given in formula above ). Any equity transaction will not effect this ratio.
<h3>Hello there!</h3>
Your question asks when does a student need to file the FAFSA.
<h3>Answer: Every year of college attendance </h3>
The reason why "every year of college attendance" would be the correct answer is because the FAFSA is required to be filled out yearly by the students.
The FAFSA stands for Free Application for Federal Student Aid, meaning that this aid will give students the chance to receive financial aid. The reason why they ask for students to file every year because there could be one year where a student doesn't need the financial aid, and there are other years where the student needs the financial aid badly, and this is just to ensure that they're giving money to the right people. This is because financial aid could change for every year. They also have people file the FAFSA yearly to see if they have any other family members that got into college.
<h3>I hope this helps!</h3><h3>Best regards,</h3><h3>MasterInvestor</h3><h3 />
