Answer:
When Manufacturing of a Product involves several processes.
Explanation:
When several processes are involved in manufacturing a product, costs need to be accumulated in these processing departments. Thus, A process cost accounting system is most appropriate
Answer:
a) true
Explanation:
This is true because, increasing the price of the product sold by an organisation directly lead to the reduction of the operating cost of the said organization, all other things being equal. <em>For example, a glass manufacturing company increasing the selling price per unit glass from $40 to $90 will definitely lead to operating cost reduction.</em>
Answer:
The Uniform Standards of Professional Appraisal Practice (USPAP) provides flexibility for professionals that have multiple roles like being a broker and an appraiser at the same time.
USPAP requires that appraisers must not misrepresent their roles if they also act as brokers or agents. That means that as long as appraisers are not doing something that misrepresents his/her appraiser role, then there is no limitation on performing other roles.
But if the appraiser is requested to sign a report as an appraiser, then USPAP rules apply and his/her appraiser role should be given priority.
Answer:
ROE = 9.23%
ROIC = 7.62%
Explanation:
Data:
Net Income NI = $24,000
Interest Expense IE = $5,000
Tax Rate T = 25% = 0.25
Notes Payable NP = $24,000
Long-term debt LTD = $80,000
Common Equity CE = $260,000
Return On Equity ROE = ?
Retrun On Invested Capital ROIC = ?
Earnings Before Taxes EBT = ?
Invested Capital IC = ?
Earnings Before Taxes and Interest EBIT = ?
Calculations:
%
%
Hope this helps!
