When mary does gymnastics for two hours and her grade on the economics test?

Write the relationship between audit and finance?

OLga [1]

Answer:

Financial management makes decisions about managing finances: managing cash, using credit, paying bills, minimizing tax bills and borrowing costs, ensuring money for the firm’s current plan, and reporting the status of the finances. They are one part of the broader management team, and have a direct role in planning and can actually contribute profits or losses to the bottom line via their decisions.

Auditors are more like investigators or quality control: they don’t make business decisions, they make sure the financials being reported actually match the reality of what the company is doing. They usually are independent of management: they report to the board of the company, not the management they are auditing; they often have the mandate to look at anything they choose; they sometimes have a forensics function: collecting and analyzing evidence of serious wrongdoing if things are really out of control.

1.audit refers to the systematic process of examining verify of data related to the financial activities of an organization.

2.auditor is a professional inside audit

Financial management

1.Financial management refers to managing the fund of an organization.

2.finance manager is a professional inside finance management.

6 0

3 years ago

Check my work Check My Work button is now enabled 1 Item 3 Item 3 2.5 points Becton Labs, Inc., produces various chemical compou

morpeh [17]

Complete table :

Standard Standard Standard

Quantity Price(or rate) Cost

Direct Materials 2.60 ounces $20.00 per ounce $ 52.00

Direct labor 0.60 hours $16.00 per hours 9.60

Variable manuf 0.60 hours $4.50 per hour 2.70

-acturing Overhead

Total standard cost per unit $64.30

Required:

1) For direct materials:

a) compute the price and quantity variances

b) The materials were purchased from a new supplier who is anxious to enter into a long - term purchase contract, would you recommend that the company sign the contract?

2) For direct labor:

a) Compute the rate and efficiency variances

b) In the past 23 technicians employed in the production of Fludex consists of 4 senior technicians and 19 assistants. During November, the company experimented with fewer senior technicians and more assistants to reduce labor costs, would you recommend that the new labor mix be continued?

3) compute the variable overhead rate and efficiency variances

Answer:

Check below for answer

Explanation:

1a) Standard quantity of material for actual production(SQ) = 3600*2.60 = 9360 ounce

Actual quantity of material purchased = 13000 ounce

Actual quantity of material used(AQ) = 13000 - 3300 = 9700 ounce

Standard price of material(SP) = $20 per ounce

Actual price of material(AP) = $244,400 / 13000 = $18.80

Material price variance = (SP - AP) * AQ purchased = ($20 - $18.80) * 13000 = $15,600 F

Material quantity variance = (AQ - SQ) * SP = (9700 - 9360) * $20 = $6800 U

2a) Standard hours of direct labor = 3600*0.6 = 2160 hours

Standard rate of direct labor(SR) = $16 per hour

Actual hours of direct labor(AH) = 20*150 = 3000 hours

Actual rate of direct labor(AR) = $14 per hour

Direct labor rate variance = (SR - AR) * AH = ($16 - $14) * 3000 = $7,000 F

Direct labor efficiency variance = (AH - SH) * SR = (3000 - 2160) * $16 = $13,440U

2b) If more assistants rather senior technicians are employed, favorable direct labor rate variance will improve but efficiency variance will be unfavorable. Since unfavorable efficiency variance is higher than favorable rate variance, the new labor mix should not be continued.

3) Standard hours of direct labor = 2160 hours

Standard rate of variable overhead= $4.50 per hour

Actual hours of direct labor = 3000

Actual rate of variable overhead = $6500 / 3000 = $2.17 per hour

Variable overhead rate variance = (SR - AR) * AH = ($4.50 - $2.17) * 3000 = 6990 F

Variable overhead efficiency variance = (SH - AH) * SR = (2160 - 3000) * $4.50 = $186.67 U

3 0

3 years ago

Bethany Walsh is a business manager at Dixon Productions. Although she does not have a background in technology, her job require

blagie [28]

Answer:

The correct answer is A. Dashboard .

Explanation:

A board contains all the information necessary to carry out the decision-making process in the best way, since in the case of Bethany, who is not very expert in technology, it allows her to execute her work efficiently and without risks of not taking into account information. relevant. This information can be modified at any time depending on the circumstances.

5 0

3 years ago

Read 2 more answers

No matter what the specific objective might be, from building awareness to increasing repeat purchases, promotion objectives sho

Mice21 [21]

The complete question should have been:

Promotion objectives should possess three important qualities. They should be designed for a well-defined target audience, measurable and cover a _________

Answer should be: Cover a specific period of time

Explanation: A promotion is a method businesses creates awareness for their products by giving buying incentives such as: price discounts and bonuses. Promotions normally run for a special period during which buyers can enjoy these buying incentives.

4 0

3 years ago

A major reason why many hr managers struggle to add value to their firm is that they:

Keith_Richards [23]

Hey there,

Answer:

<span>Lack of business acumen in addition to strategic talents.
</span>
Hope this helps :D

<em>~Top♥</em>

8 0

3 years ago