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3 years ago

The acquisition of land by issuing common stock is

1 answer:

5 0

For the answer to the question above, t<span>he acquisition of land by issuing common stock is </span>a noncash transaction that is not reported in the body of a statement of cash flows. So the answer is A.

I hope my answer helped you.

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Amos, Inc. uses a standard cost system with the following labor standards for one unit of product: standard hours 0.2 and standa

andriy [413]

Answer:

$529.34 favorable and $1,111 unfavorable

Explanation:

The computation of the direct labor rate variance is shown below:

= Actual Hours × (Actual rate - standard rate)

= 3,781 hours × ($41,066 ÷ 3,781 hours - $11 per hour)

= 3,781 hours × ($10.86 per hour - $11 per hour)

= $529.34 favorable

And, the efficiency variance is

= (Standard hours - Actual hours) × standard rate

where,

Standard hours is

= 18,400 units × 0.2

= 3,680 hours

Actual hours is 3,781 hours

So, the efficiency variance is

= (3,680 hours - 3,781 hours) × $11

= $1,111 unfavorable

7 0

2 years ago

The following is a trial balance of Barnhart Company as December 31, Year 1: Account Title: Debit Credit Cash 12,500 Accounts Re

Tanzania [10]

Answer:

The total amount of assets is 15,750.

Explanation:

Reproducing the trial balance below for clarity:

Account Title Debit Credit

Cash 12,500

Accounts Receivable 3,250

Accounts Payable 2,800

Common Stock 6,600

Retained Earnings 4,500

Service Revenue 7,450

Operating Expenses 5,100

Dividends 500

Total 21,350 21,350

Calculation of Total Assets:

Total assets = Cash + Accounts Receivable

= 12,500 + 3,250

= 15,750

Note that among the given accounts, accounts cash and accounts receivable are assets; accounts payable is a liability; common stock and retained earnings are part of the capital; service revenue is a form of revenue; while operating expenses and dividends are expenses.

7 0

3 years ago

Which of the following describes business-to-business (B2B) e-commerce purchases? Group of answer choices Customers bid on items

tigry1 [53]

Answer:

Pricing can vary for each customer.

Explanation:

Under the B2B, the manufacturer sells its products directly to other businesses such as wholesalers or retailers and not the end consumers.

Hence, pricing can vary for each customer in a business-to-business (B2B) e-commerce purchases because companies that are engaged in B2B are able to improve their performance and cut down the costs of procurement for goods and services.

Business to business (B2B) markets differ from Business to consumers (B2C) markets because salespeople personally call on business customers to a far greater extent than they do consumers.

3 0

3 years ago

Robinson Crusoe has formed a business that sells carved gourmet coconuts. He has hired five employees. The most senior is Friday

shusha [124]

The answer is B) Operations

4 0

3 years ago

Hiring decisions at Maarja's Razors are made by Maimu Maarja, the Director of Human Resources. Pay rates are approved by the Vic

barxatty [35]

Answer:

Effective

Explanation:

Segregation of duties (SOD) is an essential part of the effectiveness of internal controls for any business. This integral separation ensures that key processes are performed by more than one person to prevent fraud or financial misstatement. While technology continues to become more sophisticated, the time is now to implement controls that segregate key functions within processes such as cash disbursements, investments, payroll, and many other areas.

Maarja's Razors is implementing effectively the segregation of duties. Key processes are performed by more than one person, and this helps in flexibility of operations.

4 0

3 years ago

Read 2 more answers