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3 years ago

Which of the following statements about quality information is true

1 answer:

8 0

The true statement is Quality information is derived from data
Quality information refers to a set of information that is fit & credible so it can be used for the decision-making process.
To obtain the set of information, data gathering about certain aspects of business as important, and can be done through survey or collecting statistics

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What is the principal?

Lunna [17]

The principal might be the party who gives legal authority for another party to act on the principal's behalf.

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3 years ago

Read 2 more answers

Martha B's has total assets of $1,810. These assets are expected to increase in value to either $1,900 or $2,400 by next year. T

Blababa [14]

Answer:

$7.24

Explanation:

PV at the risk free rate = $1,900 / (1 + 0.055)

PV at the risk free rate = $1,900 / 1.055

PV at the risk free rate = $1,800.95

Number of options needed = (2,400 - 1,900) / (400 - 0)

Number of options needed = 500 / 400

Number of options needed = 1.25

Total assets = (No of options needed*Value of equity) + Present value at the risk free rate. Let Value of equity be C0

$1,810 = (1.25*C0) + $1,800.95

$1,810 - $1,800.95 = 1.25*C0

C0 = $9.05 / 1.25

C0 = $7.24

So, the Value of equity in this firm is $7.24.

8 0

3 years ago

A reward or benefit meant to encourage specific economic behavior is a

mario62 [17]

Answer:

incentive

Explanation:

6 0

3 years ago

Charles company used the percent of sales method to determine its bad debts expense. At the end of the current year, the company

fomenos

Answer:

$240,200

Explanation:

The computation of the account receivable amount reported in the balance sheet is given below:

Bad debt expense os

= $900000 × .50%

= $4,500

And,

Allowance for doubtful accounts after adjustment is

= $4,500 + $300

= $4,800

Now

Balance of account receivable is

= $245,000 - $4,800

= $240,200

8 0

3 years ago

Stranahan Company allocates overhead based on machine hours. Estimated overhead costs for the year total $217,000 and the compan

castortr0y [4]

Answer:

Allocated MOH= $7,000

Explanation:

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 217,000 / 31,000

Predetermined manufacturing overhead rate= $7 per machine hour

Job 45:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 7*1,000

Allocated MOH= $7,000

5 0

3 years ago