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Harlamova29_29 [7]
3 years ago
13

Stephanie seals is a cpa who is working as a controller for brentwood corporation. she is not in public practice

Business
1 answer:
Katen [24]3 years ago
6 0
<span>Stephanie Seals, a CPA who is working for Brentwood Corporation as a controller is not in a public practice, but she can use her CPA status on her business cards as long as she also includes her employment title on the business cards.</span>
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uses the high-low method to analyze cost behavior. The company observed that at 20,000 machine hours of activity, total maintena
rewona [7]

Answer:

$90,000

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High cost - low cost) ÷ (High machine hours - low machine hours)

= ($234,000 - $210,000) ÷ (24,000 hours -20,000 hours)

= $24,000 ÷ 4,000 hours

= $6

Now the fixed cost equal to

= High cost - (High machine hours × Variable cost per hour)

= $234,000 - (24000 hours × $6)

= $234,000 - $144,000

= $90,000

The high cost is computed below:

= 20,000 hours × $10.50

= $210,000

And, the low cost would be

= $24,000 hours × $9.75

= $234,000

7 0
3 years ago
Below are transactions for Lobos, Inc., during the month of December. Calculate the amount of revenue to recognize in December.
Neporo4naja [7]

Answer:

Revenue recognized in Dec= $3200

Explanation:

Lets first understand the criteria for revenue recognition. According to the accruals concept of accounting, an entity is supposed to record revenues and expenses as soon as they are earned and incurred. An entity shouldn't wait until the revenue is received and expenses are actually paid. The accruals concept of accounting is also based on the matching principle which requires entities to match and record expenses with the revenue of the period in which they occur. Considering the two concepts mentioned above, we may classify these transactions for revenue recognition as follows;

a. Receipt of $1200 cash:

In this case Lobos Inc. has received the cash in advance and the services against this payment will be rendered next month, therefore, this transaction doesn't imply an earned revenue rather it's a liability for Lobos Inc until the services are actually rendered. No revenue is recognized in December.

b. Perform $900 of services:

Lobos Inc. will provide services to this customer and will receive payment in next month, however the services have been provided which implies Lobos Inc has earned the revenue, though not received it yet but still following the accruals concept, Revenue is recognized in December.

c. Perform $2300 of services:

Similarly, Lobos Inc. will render services and will receive the payment against these services in the month of Dec, therefore, Lobos Inc can recognize revenue in December.

7 0
3 years ago
If you were a raising peaches, apricots or nectarines Pearblossom or Little Rock, or growing hay and alfalfa outside of Palmdale
leonid [27]

College business.

Answer: no I wouldn't rely on precipitation.

Explanation:

I wouldn't rely on precipitation because these crops have a very high need for water that only natural source can't suffice.

Irrigation water can be used as a source, can come from groundwater, through springs or wells, surface water , through rivers, lakes, or reservoirs, or even other sources , such as treated wastewater or desalinated water .

8 0
3 years ago
Which of the following statements is FALSE? A. Jurisdictions must work closely with private-sector entities that provide water,
Fiesta28 [93]

Answer:D. Nonprofit organizations often have a commitment to the specific set of interests and values of their members, and therefore should be excluded from emergency management planning efforts.

Explanation: Non-profit organizations are mainly organizations that are committed to the common good of the Local community,State or Country where they are located. Some are known to have influences spread across countries and continents like the BILL AND MELINDA GATES FOUNDATION known to be present in most countries of the world. They should be involved and engaged in emergency Management planning and project execution as they are not meant to make profit but to serve the majority of people.

3 0
3 years ago
Many workplace safety rules are created by which government agency?
77julia77 [94]
More than likely OSHA
8 0
3 years ago
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