Answer:
65%
Explanation:
Calculation to determine its predetermined overhead rate for the next period should be:
Using this formula
OH rate = Estimated overhead next period/direct labor
Let plug in the formula
OH rate = $65,000/$100,000
OH rate = 65%
Therefore If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 65%
Answer:
Break-even point= 7,900 new costumers
Explanation:
Giving the following information:
Assume that during a recent fiscal year, one outlet spent $1,659,000 on a promotional campaign for its website that offered two free months of service for new subscribers.
In addition, assume the following information: Number of months an average new customer stays with the service (including the two free months) 22 months Revenue per month per customer subscription $16 Variable cost per month per customer subscription $5.
Break-even point= fixed costs/ contribution margin
Fixed costs= 1,659,000
Contribution margin= (16*20)-(5*22)= 210
Break-even point= 1,659,000/210= 7,900 new costumers
Answer: A. Both treasury stock and paid in capital from treasury stock
Explanation:
When using the cost method, the stock is recorded at cost which means that the stock repurchased (Treasury Stock) is recorded at cost of buying it. If it is sold for a higher amount than it was bought for, the amount it was bought for will be credited from the Treasury account.
The remaining amount will be credited to the Additional Paid-In Capital account which is used to record variations between the amount equity was bought for versus the amount it was sold for.
Had the repurchased stock been sold for less, the Additional Paid In Capital Account would have been debited.
Answer:
It will help avoid conflict of interest.
Explanation:
When the people in risk assessment team are also the same team people correcting deficiencies, conflict of interest tends to arise.
Conflict of interest is when a person or staff in a department becomes unreliable due to a clash between personal interests and his professional responsibilities.
