Answer and Explanation:
The computation of the variable cost per unit and the total fixed cost is shown below;
a. The variable cost per unit is
= (Highest total cost - lowest total cost) ÷ (Highest units produced - lowest units produced)
= ($440,000 - $300,000) ÷ (5,500 - 2,700)
= $140,000 ÷ 2,800
= $50
b. The total fixed cost is
= $440,000 - 5,500 × $50
= $440,000 - $275,000
= $165,000
Answer:
The correct answer is the option C: Verifiability.
Explanation:
To begin with, the accounting concept of <em>"Verifiability"</em> indicates that the accounts of a company are verifiable in the cases when those accounts are reproducible so that indicates that given the same data and assumpitions it is understandable that an independent accountant can produce the same result the company actually did. Therefore that the verifiability is the concept that states that an accounting transaction should be supported by sufficient evidence to allow two or more qualified accountants to arrive at similar measures as it said before.
Answer: bribery and conflict of interest
Explanation: In simple words, bribery refers to the act under which one individual tries to persuade the behavior of another individual for his benefit by offering him or her monetary benefits.
Whereas, conflict of interest refers to a situation when someone has the authority to make decisions that benefits himself more than the entity he is working for.
Hence we can conclude that the above case depicts bribery and conflict of interest.
B. collateral is the right answer
Answer: The answer is 337,5
Explanation:
First step: The insurance policy was paid for 3 years, we have to know how many months there are in 3 years. We calculate (3 years x 12 months = 36 Months). Then the insurance policy was paid for 36 months.
Second step: The amount paid was $ 1350. We have to know how much corresponds to each month. We calculate (1350/36 months = 37.5 each month)
Third step: We must count the months from April 1 to December 31. It's 9 months.
Fourth step: Multiply the amount of each month by the number of months between April and December (9). We calculate (37.5 x 9 = 337.5)
I hope you find it useful.
