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3 years ago

The development of a new information system is economically justified if the _____.

1 answer:

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The development of new information system is economically justified when or if the organization or group handling the information system has assessed its cost feasibility. If so, this will only fall under the circumstances that the information system is justified economically.

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Burns Corporation's net income last year was $99,200. Changes in the company's balance sheet accounts for the year appear below:

ludmilkaskok [199]

Answer and Explanation:

The preparation of the each section of the cash flow statement is presented below:

Cash flow from operating activities

Net Income $99,200

Adjustments made

Adjustment for non cash effects

Depreciation $33,200

Change in operating assets & liabilities

Increase in accounts receivable -$13,500

Decrease in inventories $16,800

Increase in prepaid expenses -$4,100

Decrease in accounts payable -$19,600

Increase in accrued liabilities $16,800

Increase in income tax payable $4,200

Net cash flow from operating activities (a) $133,000

Cash Flow from Investing activities

Equipment purchased -$77,000

Long term investments purchased -$10,200

Net cash Flow from Investing activities (b) -$87,200

Cash Flow from Financing activities

Cash dividends -$4,300

Issuance of the Common stock $41,600

Bonds paid $-61,200

Net cash Flow from Financing activities (c) -$23,900

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2 years ago

Overhead Variances, Four-Variance Analysis Oerstman, Inc., uses a standard costing system and develops its overhead rates from t

son4ous [18]

Answer:

Explanation:

1).

Fixed overhead rate = Budgeted fixed overhead / Budgeted direct labor hours = $585,280 / 496000 = $1.18 per hour

Standard hour per unit = 496000 / 124000 = 4 hours per unit

Standard hours for actual production = 119300 * 4 = 477200 hours

Budgeted fixed overhead = $585,280

Actual fixed overhead = $555,750

Fixed overhead applied = SH * Standard rate of fixed overhead = 477200 * $1.18 = $563,096

Fixed overhead spending variance = Budgeted fixed overhead - Actual fixed overhead

= $585,280 - $555,750 = $29,530 F

Fixed overhead volume variance = Fixed overhead applied - Budgeted fixed overhead

= $563,096 - $585,280 = $22,184 U

2).

Standard rate of variable overhead = ($813,440 - $585,280) / 496000 = $0.46 per hour

Actual rate of variable overhead = $260,700 / 494000 = $0.5277327935 per hour

Variable overhead spending variance = (SR - AR) * AH = ($0.46 - $0.5277327935) * 494000 = $33,460 U

Variable overhead efficiency variance = (SH - AH) * SR = (477200 - 494000) * $0.46 = $7,728 U

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3 years ago

seasonal indices of sales for the black lab ski resort are for 1.20 for january and .80 for december. if december sales for 1998

boyakko [2]

The seasonal sales indexes for the Black Lab ski resort are 1.20 for January and .80 for December. If December sales in 1998 were $5,000, a reasonable estimate of sales in January 1999 is $7,500.

(1.20 * 5000) % .80 = 7,500.

Sales are actions related to selling or the number of products sold in a specific time period. A sale is also defined as the provision of a service for a fee. The seller, or the provider of the products or services, completes a sale in response to an acquisition, appropriation, requisition, or direct interaction with the customer at the point of sale. The item's title (property or ownership) is transferred, and a price is agreed upon. The seller, not the purchaser, normally executes the sale, and it may be done prior to the obligation of payment.

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7 months ago

Which loan type requires you to make loan payments while you’re attending school?

FrozenT [24]

I think the correct answer from the choices listed above is option A. The loan type that requires you to make loan payments while you’re attending school would be unsubsidized federal loan. For this type, y<span>ou are responsible for paying the interest on a Direct Unsubsidized Loan during all periods. Hope this answers the question.</span>

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2 years ago

What is the difference between SG&A costs and Indirect costs?

nlexa [21]

SG&A is an initialism used in accounting to refer to Selling, General and Administrative Expenses, which is a major non-production cost presented in an income statement.

Indirect costs are costs that are not directly accountable to a cost object. Indirect costs may be either fixed or variable. Indirect costs include administration, personnel and security costs. These are those costs which are not directly related to production. Some indirect costs may be overhead.

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2 years ago