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Alex
3 years ago
12

The measurement of how efficiently and effectively a manager uses resources to satisfy customers and achieve organizational goal

s is known as organizational ________. a. management b. efficiency c. performance d. effectiveness
Business
1 answer:
Elodia [21]3 years ago
4 0

Answer:

Effectiveness

Explanation:

Organizational effectiveness shows the extent to which resources have been efficiently managed to produce intended results.

Efficiency has to do with maximal uses of resources available (i.e  input versus output) while effectiveness show whether desirable outcomes have been achieved i.e whether organizational objectives are being achieved.

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Depreciation SchedulesDunn Corporation acquired a newr depreciable asset for $135,000. Theasset has a 5-year expected life and a
Scilla [17]

Answer with explanation:

Part 1. Straight-line depreciation can be calculated using the following formula:

Straight-line depreciation = (Cost of Asset - Residual Value) / Useful Life

Now by putting the values of each parameter, we have:

Straight-line depreciation = ($135,000 - Zero) / 5years = $27,000

So this depreciation will be charged to the asset to remainder of its life.

Part 2. We can calculate depreciation using double declining balance method whose formula is as under:

Double Declining Balance Depreciation = 2 X Cost of the asset/Useful Life

By putting values, we have:

Double Declining Balance Depreciation = 2 * $135,000 / 5 Years = $54,000

The depreciation would be charged each year unless it fells below the salvage value of the asset, which in this question is given and is zero.

Part 3.

Following are the main questions that we must consider before opting to any depreciation method:

  1. Does the cost of the asset chosen is accurate and in-accordance to International Financial Reporting Standards.
  2. Does the estimated Residual value of the asset is forecasted accurately. International accounting standard IAS 16 says that the scrap value must be discounted and its present value must be considered as a scrap value.
  3. Is the useful life of the asset estimated is in-accordance to the pace of technological advances?
  4. The asset's fair value must be considered each year to analyze whether or not the asset value in the market is aligned with our carrying value calculated or not.

So these were the factors which decides which method of depreciation must be opted or what estimate changes are required in calculating the fair value of the asset.

7 0
3 years ago
If a contract provides a set amount of income for two or more persons with the income stopping upon the first death of the insur
Alexeev081 [22]

If a contract provides a set amount of income for two or more persons with the income stops upon the first death of the insured, it is called a <u>Joint life annuity.</u>

<u />

A contract is an agreement between private events creating mutual obligations enforceable by law. The basic factors required for the settlement to be a legally enforceable settlement are mutual assent, expressed by way of a legitimate offer and popularity; good enough consideration; capability; and legality.

The three maximum common settlement sorts consist of fixed-price contracts. cost-plus contracts. Time and substances contract. An instance of the contract is a loan settlement between shoppers and dealers of a vehicle. An example of a contract is a settlement between two human beings to be married.

Learn more about the contract here: brainly.com/question/5746834

#SPJ4

3 0
2 years ago
Jack works for Red, Blue and Green CPAs. Each year Red, Blue and Green asks Jack to fill out a form indicating all of his financ
sasho [114]

Answer:

1.Immediate Family:

Spouse

Dependent Child

Dependent Parent

Spouse Equivalent

2.Close Relatives:

Sister

Brother

Father

Mother

Grand Father

Independent Child

3.Other Relatives and Friends:

Niece

Nephew

Cousin

Golf Partner

College Friend

Roommate

Explanation:

AICPA code of professional conduct are standards that are followed by CPA professionals.  It is important and necessary for CPA professionals to understand the rules and standard of professional guidance and abide by them. There are two major sections of Code of Professional Conduct:

1. Rules

2. Standards

Rules are enforceable and required to be followed. Standards are the guidance which helps to make decision in certain situations.

8 0
2 years ago
A local radio commercial costs $600 and reaches an estimated 10,250 listeners. A local cable commercial costs $1000 and reaches
erik [133]

Answer:

b. The cable commercial

Explanation:

CPM or cost per mille is a measure used in advertising to determine how effectively a promotional message is getting to its audience. It is the cost of getting an advert in front of 1,000 people.

In this scenario when we calculate CPM for the radio station

$600 = 10,250 listeners

x= 1,000 listeners

Cross multiply

x= (600 * 1,000) ÷ 10,250 = $58.54

For the local cable commercial

$1000 = 18,500 viewers

y = 1,000 viewers

Cross multiply

y= (1,000 * 1,000) ÷ 18,500= $54.05

6 0
3 years ago
During the first month of operations ended July 31, Western Creations Company produced 80,000 designer cowboy hats, of which 72,
bulgar [2K]

Answer:

Western Creations Company

1. Income Statements for July and August, under absorption costing:

                                               July                   August

Sales Revenue                $4,320,000.00    $4,320,000.00

Cost of goods sold            3,240,000.00      2,649,600.00

Gross profit                      $1,080,000.00     $1,670,400.00

Total selling & admin. exp. $169,000.00       $169,000.00

Net Income                          $911,000.00     $1,501,400.00

2. Income Statements for July and August, using variable costing:

                                                   July                   August

Sales Revenue                    $4,320,000.00    $4,320,000.00

Variable cost of goods sold  3,081,600.00       2,491,200.00

Contribution margin            $1,238,400.00     $1,828,800.00

Fixed expenses:

Total fixed costs                      345,000.00         345,000.00

Net income                           $893,400.00      $1,483,800.00

3a. The reason for the differences in the amount of the income from operations in in (1) and (2) for July is the cost of goods sold based on full manufacturing costs for (1) while only variable costs are considered for (2).

3b. The reason for the differences in the amount of the income from operations in (1) and (2) for August is also the cost of goods sold based on full manufacturing costs for (1) while only variable costs are considered for (2).

Explanation:

a) Data and Calculations:

Number of hats produced = 80,000

Number of hats sold = 72,000

Ending inventory = 8,000

1 Sales $4,320,000.00

2 Manufacturing costs:             July                    August

3 Direct materials                  $1,600,000.00    $1,280,000.00

4 Direct labor                           1,440,000.00       1,152,000.00

5 Variable manufacturing cost 240,000.00         192,000.00

6 Fixed manufacturing cost      320,000.00        320,000.00

Total manufacturing costs   $3,600,000.00  $2,944,000.00

Under absorption costing:

Unit cost = $45 ($3,600,000/80,000)             $36.80 ($2,944,000/80,000)

Cost of goods sold = $3,240,000 ($45*72,000) $2,649,600 (36.8*72,000)

Ending Inventory =         360,000 ($45*8,000)         294,400 ($36.8*8,000)

7 Selling and administrative expenses:

8 Variable                                 $144,000.00       $144,000.00

9 Fixed                                         25,000.00          25,000.00

Total selling & admin.  exp.     $169,000.00      $169,000.00

Under variable costing:

2 Manufacturing costs:

3 Direct materials                    $1,600,000.00     $1,280,000.00

4 Direct labor                             1,440,000.00        1,152,000.00

5 Variable manufacturing cost   240,000.00          192,000.00

8 Variable selling & admin cost   144,000.00          144,000.00

Total variable costs =             $3,424,000.00    $2,768,000.00

Unit variable cost = $42.80 ($3,424,000/80,000)     $34.60

Cost of goods sold = $3,081,600 ($42.80 * 72,000)  $2,491,200

Ending Inventory =         342,400 ($42.80 * 8,000)         276,800

6 Fixed manufacturing cost    $320,000.00            $320,000.00

9 Fixed selling & admin. cost      25,000.00                25,000.00

Total fixed costs =                   $345,000.00            $345,000.00

7 0
3 years ago
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