Standards are set for each major production input or task, benchmarks for measuring performance and compared to the actual quantities and costs of inputs. Thus, option first, third and fourth are correct.
<h3>What is the meaning of performance?</h3>
The act of executing a ceremony, play, piece of music, and so on. The execution or achievement of work, actions, feats, and so on. It is a specific action, deed, or process.
Standards are established for each massive production input or job, serving as benchmarks for monitoring performance and being compared to real input amounts and prices. As a result, options one, three, and four are correct.
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Answer:
$800
Explanation:
Since $50,800 are available for distribution, the payments will start with the trustee, the lawyers and the suppliers:
- trustee will receive $15,000
- lawyers will receive $10,000
- Dart will receive $20,000
- <u>Noll will receive $5,000 </u>
After the suppliers, lawyers and trustee are paid, only $800 are left and they will be given to Boyd. The creditors with unsecured claims will get $0.
Answer:
$11,250
Explanation:
The amount of insurance expense that would be reported on the income statement for the year ended December 31, 2014
1. Since a four year policy was purchased for $60,000 it will have to be amortized yearly to get the annual figure for insurance expense
2. The amount is also apportioned to take note of the number of months that elapsed in the first year.
Therefore if the four-year insurance policy was purchased on March 31st (Since the month is omitted in the question) then the insurance expense will be for the remaining 9 months in 2014.
Hence insurance expense will be [9 months (April to Dec 2014) / 12 months in a year] x (Insurance amount / 4 years) = $11,250
Answer: a. Issues
Explanation:
A Communication plan for a project allows for easier information flow between the stakeholders in the project including the client, the company and the workers.
By setting standards on how and what should be communicated the plan will let the stakeholders know how to communicate any issues affecting the project. The plan will also let the stakeholders know how to track issues that will be reported.
Answer: It is called prospecting and qualifying.
