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.
Answer:
Incorrect Statement about the Statement of Cash Flows:
c. The cash dividends of $201,000 paid will be reported as a cash outflow in the cash flow from investing activities section.
Explanation:
Cash dividends of $201,000 will be reported as a cash outflow in the financing activities section and not the investing activities section.
Statement of Cash Flows is broadly divided into three, the operating, investing, and financing activities sections. The operating activities section show the cash flows from the normal business of the enterprise. The investing activities section shows the acquisition and disposal of investments made by the company in cash. While, the financing section shows the inflow and outflow of cash resulting from the funding of the business by stockholders and noncurrent creditors.
Excess weight, especially excess fat are prone to cancer. This is particularly applicable to obese people who do not exercise regularly. Excess body fat affects health in metabolic reactions, hormone secretions and the immune system. Studies have already shown that 1 out of 5 cancer patients have excess body weight.
Answer:
after 9 years:
FV $15,625.2437
in 14 years:
FV $31,223.0270
last, at the nineteenth year:
FV $55,222.1501
Explanation:
We have to solve for the annuity of 1,200 dollar with a yield of 9% at the proposed times:
C 1,200.00
time 9
rate 0.09
FV $15,625.2437
time = 14
FV $31,223.0270
time = 19
FV $55,222.1501
Answer:
C. Personal selling
Explanation:
In personal selling, a sales representative engages the customer on a one-one conversation in an attempt to persuade them to buy a product or service. The sales person makes us of his or her skill, experience, and abilities to convince the buy the goods or services. Personal selling is also known as face-face selling.
Personal selling requires a sale representative to have good interpersonal skills. The salesperson will point out at the salient features and benefits in a bid to convince the customer that the product will add value to them. The customers seek as much information as they desire and gets the opportunity to negotiate for better prices.
