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2 years ago

Standard costs have which of the following characteristics? (Check all that apply.)

Business

1 answer:

Minchanka [31]2 years ago

7 0

Answer:

The following Apply :

A. Based on past experience and data Developed by the SCAB (Standard Cost Accounting Board

B. Used in preparing flexible budgets Useful for manufacturing companies, but not service companies

Explanation:

Standard Cost set levels of Costs and Revenues that ought to be achievable when reasonable levels of performance are attained together with working practices to manufacture a product.

Data is obtained from past experience and used to prepared flexible budgets for control purposes.

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A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and declared and paid cash divi

ella [17]

Answer:

b. $433,750

Explanation:

The ending balance in retained earnings can be calculated as;

= Beginning balance + Net income - Cash dividends

Given that;

Beginning balance = $430,000

Net income = $60,000

Cash dividends = $56,250

= $430,000 + $60,000 - $56,250

= $433,750

Therefore, the ending balance in retained earnings is $433,750

4 0

2 years ago

On December 31 of the current year, Pilozzi Company has the following information available:

Aleksandr [31]

Answer:

On December 31 of the current year, can the Board of Directors declare and pay a cash dividend of $ 2 million

If the company don´'t have enough cash on hand to distribute the previously announced sum to shareholders, it may have to borrow funds to honor the dividend payment.

Explanation:

Companies can pay dividends in cash or additional shares.

If the company don´'t have enough cash on hand to distribute the previously announced sum to shareholders, it may have to borrow funds to honor the dividend payment.

6 0

3 years ago

The ______ requires that if a new employee had group health insurance at a previous employer and the new employer has healthcare

IRINA_888 [86]

Answer:

The correct answer is C. Consolidated Omnibus Budget Reconciliation Act.

Explanation:

COBRA stands for the Consolidated Omnibus Budget Reconciliation Act. This law guarantees employees the right to make payments for group medical insurance in order to maintain the insurance they would otherwise lose after:

- The reduction of your work hours.

- Leave the job.

- Job loss

Most people can keep insurance for up to 18 months. Some people may be able to keep it for a few months longer than that.

4 0

3 years ago

1. Improvements in technology.2. Increases in the supply (stock) of capital goods.3. Purchases of expanding output.4. Obtaining

polet [3.4K]

Answer:

1. Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?

a. 1, 2, 5, and 6 only.

2. More than 75% of the world's income is earned by what percentage of the world's population?

d. 5%.

Explanation:

The above options are the solutions to the questions asked. In terms of the world's income, 5% of the world's population earns 75% of the world's income.

4 0

2 years ago

_____ means the legal obligation of sellers to pay damages to individuals who are injured by defective or unsafe products.

iragen [17]

Product Liability Law is the legal obligation of sellers to pay damages to individuals who are injured by defective or unsafe products.

5 0

3 years ago