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STALIN [3.7K]
3 years ago
13

Tobiaz, inc., a private firm, wants to create a survey program similar to the Uniform Crime Reporting Program/National incident-

Based Reporting System (UCR/NIBRS). It assigns its employees to write reports on the crime rates in different U.S. cities. Which of the following methods is likely to be used by its employees?a. they analyze police reports only for social-order offenses and white-collar crimes
b. they rely on personal interviews to talk to potential victims of crimes
c. they analyze police reports about crimes reported by victims
d. they rely on door-to-door surveys to talk to potential victims of crimes
Business
1 answer:
olchik [2.2K]3 years ago
4 0

Answer:

C, they analyze police reports about crimes reported by victims

Explanation:

Option A is wrong because is disregard hard crimes that conducted by blue-collar people (such as theft, store robbery, or even gang attacks).

Option B and D are wrong because 'Potential' victims do not always translate to actual victims, This will make the data that collected by the firm become misleading. They wouldn't find out the type of crimes that often happen in real life and wouldn't be able to design a proper solution for them.

Option C is the best choice from the available options. Even though it's not perfect. There are a lot of crimes that often goes unreported by the victims (such as domestic abuse)

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Porter Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product.
kkurt [141]

Answer:

1,370.85 Unfavorable

Explanation:

Standard rate :

= Budgeted variable overhead costs ÷ Budgeted direct labor hours

= $13500 ÷ 640

Direct labor hours = $21.09 per direct labor hour

Standard time to produce goods :

= Budgeted direct labor hours  ÷ Production volume

= 640 ÷ 6,400

= 0.10 hours

VOH Efficiency Variance

= ( SH − AH ) × SR

where,

SH are standard direct labor hours allowed

AH are the actual direct labor hours

SR is the standard variable overhead rate

(SH − AH ) × SR

= [(4,200 × 0.10) - 485] × $21.09

= (420 - 485) × $21.09

= 1,370.85 Unfavorable

5 0
3 years ago
Modified Accelerated Cost Recovery System (MACRS) (LO 7.4) Mike purchases a new heavy-duty truck (5-year class recovery property
posledela

Answer: See explanation

Explanation:

a. The amount of depreciation for 2017 using financial accounting straight-line depreciation will be:

= $39000 × 8months/5 years

= $39000 × 8months / 60months

= $39000 × 8/60

= $5200

b. The amount of depreciation for 2017 using the straight-line depreciation election will be:

= $39000 × 10%

= $39000 × 0.1

= $3900

c. The amount of depreciation for 2017, including bonus depreciation but no election to expense, that Mike could deduct using the MACRS tables will be:

= ($39000/2) + $3900

= $19500 + $3900

= $23400

d. If there is no income limit on the expense election, the amount of depreciation for 2017 including bonus depreciation and the election to expense that Mike can deduct will be:

= $25000 + $7000 + $1400

= $33400

4 0
3 years ago
Prepare a trial balance from the ledger accounts of Black Diamond Express as of January 31, 2018.
malfutka [58]

Answer:

<u>Black Diamond Express</u>

<u>Trial Balance as at January 31, 2018.</u>

                                                          Debit               Credit

Accounts Payable                                                      $1,100

Rent Expense                                    $500

Accounts Receivable                      $1,700

Service Revenue                                                      $3,000

Cash                                                 $1,400

Supplies                                             $200

Common stock                                                         $2,000

Salaries and Wages Expense         $1,300

Dividends                                         $1,000

Totals                                                $6,100             $6,100

Explanation:

A trial balance is a list of balances (debits and credits) that is prepared from the ledger accounts from which Financial Statements are prepared.

The Trial Balance can be used a check to the correctness of the double entry system.

4 0
3 years ago
A list of Year 3 revenues and expenses for Green Thumb, Inc. is provided below.
jolli1 [7]

Answer:

a.                               Green Thumb

                       Net Income for the year 3

Particulars                                      Amount

Sales revenue                                                     $1,871,300

<u>Operating expenses</u>

Advertising expense                    $263,700

Salaries and wages expense      $726,000

Other selling expenses                $352,000

Other expenses                            <u>$123,600</u>      <u>$1,465,300</u>

Earnings before interest and taxes                   $406,000

Interest expense                                                 <u>$44,020    </u>

Earnings before taxes                                         $361,980

Income tax expense                                            <u>$56,620</u>

Net Income                                                           <u>$305,360</u>

b.                         Green Thumb Inc.

                Statement of retained earnings

             For the year ended Dec 31, Year 3

Retained Earnings, Jan 1 year 3      $163,200

Add: Net Income                              $305,360

Less: Dividend paid                          <u>$46,120</u>

Retained Earnings, Dec 31 year 3  <u>$422,440</u>

8 0
3 years ago
A company had a tractor destroyed by fire. the tractor originally cost $85,000 with accumulated depreciation of $60,000. the pro
ICE Princess25 [194]
<span>Original cost of the tractor = 85,000 Less Accumulated depreciation = 60,000 Remaining book value of the tractor = 85,000 - 60,000 = 25,000. Amount received from insurance company = 20,000 Therefore loss due to fire = 25,000 - 20,000 = 5,000 The company should recognize this amount as its own loss and debit the loss account. Corresponding credit should be given to tractor account so that tractor account will show zero balance.</span>
4 0
3 years ago
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