Answer: Competent, reliable, and ethical personnel.
Explanation:
Vaughan Services needs to follow competent, reliable and ethical personnel procedure to addressed this type of situation.
Competent characteristic tell us about the employee skills, knowledge and capability or ability of doing some work successfully.
Reliable characteristic tell us about the employee performance, quality and trustworthy or not.
Ethical personnel tells us about the employee's behavior towards the other people, responsibilities towards work and how much he is committed towards work.
Answer:
The correct answer is letter "D": actual activity differing from expected activity levels.
Explanation:
A static or master budget is the estimate of expected expenses a firm outlines at the beginning of the operations of a period and remains the same during the period. A flexible budget estimates expenses over a period of operations but can be modified as many times as the operations require. The flexible budget reflects better the current activity of the organization.
Answer:
C. $3,375
Explanation:
Calculation for the value of this stock on the company's balance sheet on December 31
Stock value= 225 shares* $15 per share
Stock value=$3,375
Therefore the value of this stock on the company's balance sheet on December 31 will be $3,375
Answer and Explanation:
The consequences of given transactions are as follows
a. Revenues rise by $3.2 million as the firm received an order
b. Earnings rise by $1.5 million as the firm received an order and it filled by an orders i,e ($3.2 - $1.7)
c. Receivables rise by $1.80 million as it determines the remaining balance which ultimately increased the receivable balance
d. Inventory declined by $1.7 million as the order is filled which ultimately declines the stock
e. The cash would rise by $1.4 million
= Earnings - receivable + inventory
= $1.5 million - $1.80 million + $1.7 million
= $1.4 million
