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John is auditing MegaCorp. He finds an accounts payable for 10,000 cases of ball bearings. He checks to make sure the paper actu

zzz [600]

Your answer is.........B. Vouching.

4 0

3 years ago

Corporate dividends represent: Multiple Choice tax-free income for the recipient because they are distributions of pretax income

olga nikolaevna [1]

e. Corporate dividends represent aftertax income from the corporation which becomes taxable income for the recipient.

More about dividends:

Dividend refers to a distribution of a corporation's profits to its shareholders and to use the term distribution to refer to other payments to shareholders, such as payments made when the corporation is liquidated.

Types:

Cash the most typical and probably the most appreciated type of dividend is cash, which is typically distributed in the form of a check payable to the shareholder.
Property dividends are the least frequent dividends declared, making them less appealing to shareholders who may not want to receive a variety of the company's goods.
Share dividends are payments made on the corporation's shares to shareholders in proportion to their individual ownership stakes in the corporation.

Learn more about dividends here:

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6 0

2 years ago

Firestop Inspectors are encouraged to look for empty containers to confirm that a. The appropriate materials are being used b. T

MA_775_DIABLO [31]

Answer:

D both A and b

Explanation:

For the fire inspectors, not only are they expected to confirm that appropriate materials are being used but also, to ensure that the quality are top notch. This is to prevent outbreak of fire. For example, in a place where metal bin with lid are to be used, if plastic bin is being used, there is high chances of fire outbreak occurring when a used cigarette stick is thrown into it.

6 0

3 years ago

The Dennis Company reported net income of $50,000 on sales of $300,000. The company has average total assets of $500,000 and ave

densk [106]

Answer:

C) 12.5%

Explanation:

The computation of the return on equity is shown below

Return on equity is

= net income ÷ equity

where,

equity is

= Total assets - total liabilities

= $500,000 - $100,000

= $400,000

Now the return on equity is

= $50,000 ÷ $400,000

= 12.50%

Hence, the return on equity is 12.50%

Therefore the corredct option is c.

7 0

3 years ago

Madzinga's Draperies manufactures curtains. A certain window requires the following:

Degger [83]

Answer:

Results are below.

Explanation:

To calculate the direct material price and quantity variance, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (5 - 4.9)*14,000

Direct material price variance= $1,400 favorable

Actual price= 68,600/14,000= $4.9

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (1,500*10 - 14,000)*5

Direct material quantity variance= $5,000 favorable

To calculate the direct labor efficiency and rate variance, we need to use the following formulas:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (5*1,500 - 7,600)*10

Direct labor time (efficiency) variance= $1,000 unfavorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (10 - 10.5)*7,600

Direct labor rate variance= $3,800 unfavorable

Actual rate= 79,800 / 7,600= $10.5

6 0

3 years ago