Answer:
Yes
Explanation:
The computation is shown below:
Particulars Sales As Is Process further Incremental Accounting
Sales $89,500 $605,000 $515,500
(1,375 units × $440)
Less:
Additional Process costs $398,750 $398,750
(1,375 units × $290)
Total $89,500 $206,250 $116,750
Based on the incremental income, Holmes should process it further.
Answer:
C. Unauthorized acquisition or use of data or assets that could affect financial statements will be prevented or detected in a timely manner.
Explanation:
Internal Control Financial Reporting is a framework designed to help companies manage their financial reporting and achieve the greater goals of risk assessment, control, information and communication, as well as monitoring. One of the weaknesses that could characterize ICFR is its inability to assure timely prevention and detection of unauthorized acquisition or use of data.
The scheme however ensures that financial records are maintained and that transactions are prepared according to GAAP rules. ICFR ensures that misstatements are detected in financial reporting.
Answer:
I believe is the correct answer
Explanation:
weather indicator(s)
Answer:
a. adding vacancy and rent loss allowances to the net operating income, and dividing by the operating expenses.
Answer:
A. Yes, it should continue to produce because the firm's revenues cover the total variable cost of $16,000.
Explanation:
A perfect competition is characterised by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. Market participants are price takers.
In the short run ,if price is less than average variable cost, the firm should shutdown.
Also, if total revenue is less than the total variable cost, the firm should shutdown into the short run.
Total revenue = $10 x 3000 = $30,000
Total cost = Fixed cost + variable cost
$36,000 = $20,000 + variable cost
Variable cost = $16,000
Total revenue is greater than total variable cost, so the firm should continue operations in the short run.
I hope my answer helps you
