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3 years ago

EB1.

Business

1 answer:

olya-2409 [2.1K]3 years ago

3 0

Answer:

34,000 units

Explanation:

Given that,

Budgeted sales = 32,000 units

Ending inventory required = 6,000 units

Beginning inventory = 4,000 units

Hence,

Number of units = Budgeted sales + Ending inventory - Beginning inventory

Number of units = 32,000 units + 6,000 units - 4,000 units

Number of units = 34,000 units

Therefore, 34,000 units must be produced to also meet the 6,000 units required in ending inventory.

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Assume anderson general store bought, on credit, a truckload of merchandise from american wholesaling costing 23400. if anderson

Amiraneli [1.4K]

Answer:

Explanation:

Cost of inventory = Purchase cost + Transportation cost - Purchase return - Purchase discount

Purchase cost = 23,400

Transportation cost = 690

Purcahse return = 1300

Purchase discount = (23400 - 1300)*3% = 663

Cost of inventory = 23,400 +690-1300-663 = 22,127

6 0

3 years ago

michael was on the abc accounting firm's audit team for the rasmussen corporation audit. rasmussen's officers were so impressed

nirvana33 [79]

In order to preserve independence, Michael must "Remove himself from the engagement as he considers the offer." (Option B). It is to be noted that this is an internal control problem.

<h3>What is Independence in this case?</h3>

The absence of situations that jeopardize the internal audit activity's capacity to carry out internal audit tasks objectively is called Independence.

Practically, independence is achieved by ensuring that the internal audit activity has no management control for any of the organization's non-audit functions that are subject to internal audit assessments, and by distancing the internal audit activity's management from the functional oversight of the organization's senior management.

Learn more about internal control:
brainly.com/question/26398073
#SPJ1

Full Question:

Michael was on the ABC Accounting Firm's audit team for the Rasmussen Corporation audit. Rasmussen's officers were so impressed with Michael that they offered him a job as Director of Internal Audit at Rasmussen. What should Michael do in order to preserve independence?

A) Tell his superiors as soon as he has decided whether or not to accept the offer.

B) Remove himself from the engagement as he considers the offer.

C) Pray for divine guidance.

D) If he decides to reject the offer, remove himself permanently from the engagement.

6 0

2 years ago

Which of the following is punctuated correctly?

BigorU [14]

Answer:

The correctly punctuated is:

3) I need to know whether you are able to perform the following functions of the job: revising existing marketing materials, promoting the company at trade shows, and reaching potential customers through direct mail campaigns.

Explanation:

It has the colon at the right place, and the commas observe the standard Oxford Comma convention for making a list. Both colon and comma are punctuation marks that can be used in making a list. Usually, the colon is put after stating "the following," while commas separate one item from the other and are used when the items are three or more, with the last item started with a comma.

7 0

3 years ago

A family spends $46,000 a year for living expenses. If prices increase 3 percent a year for the next three years, what amount wi

lozanna [386]

Answer:

$50,265

Explanation:

The computation of the living expenses after three years are shown below:

Given that

Living expenses per year = $46,000

Number of years it increases = Three years

So, the amount of living expenses after three years is

= Living expenses per year × (1 + percentage increase)^number of years

= $46,000 × (1 + 0.03)^3

= $46,000 × 1.092727

= $50,265

5 0

3 years ago

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be run

tresset_1 [31]

Answer:

Schedule variance = $1,428,140

Schedule Performance Index (SPI) = 1.132

Cost Performance Index = 0.801

Explanation:

Planned Value = $1,414,000 + $10,494,000 + $8,494,000 * 53%

= $20,402,000 * 53%

= $10,813,060

Earned Value = $1,414,000 + $10,494,000 + $8,494,000 * 60%

= $20,402,000 * 60%

= $12,241,200

Schedule Variance = Earned value - Planned value

= $12,241,200 - $10,813,060

= $1,428,140

Schedule Performance Index (SPI)

= Earned value / Planned value

= $12,241,200 / $10,813,060

= 1.132

Actual Cost (AC)

= $1,294,000 + $8,994,000 + $4,994,000

= $15,282,000

Cost Performance Index (CPI)

= Earned value / Actual cost

= $12,241,200 / $15,282,000

= 0.801

3 0

4 years ago