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yanalaym [24]
2 years ago
11

A CPA firm evaluates its personnel advancement experience to ascertain whether individuals assigned to increased degrees of resp

onsibility meet predetermined criteria. This policy is evidence of the firm's adherence to which of the following prescribed standards?
A. professional ethics
B. supervision and review
C. accounting and review services
D. quality control
Business
1 answer:
CaHeK987 [17]2 years ago
3 0

Answer:

Supervision and review ( B )

Explanation:

supervision and review is part of a firm's policy used to check the results of its  previous actions or inaction  that will affect the growth and profitability of the business of the company .

Review is a way of evaluating the personnel advancement experience of the individuals given a certain task performed the given task excellently, while supervision is used to guide the individuals while they are actually carrying out the task and also to determine if they meet the predetermined criteria before being assigned to the task.    while professional ethics is the general standard set for every one regardless of the task you perform .

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Autoliv produces air bag systems that it sells to automobile manufacturers throughout the world. Assume the company has a capaci
gogolik [260]

Answer: See explanation

Explanation:

a. The variable cost per unit will be:

= (3,825,000 - 3,680,000) / (45million - 40 million)

= 0.029

Then, the financial order of accepting the order will be:

Contribution margin = Unit selling price - Unit

= 65 - 29

= 36

Since the size of the order is 100,000, the financial impact of accepting the order will be:

= 36 × 100,000

= 3,600,000

b. The differential analysis will be:

Contribution from special order = 3,600,000

Opportunity cost {100,000 = 120,000,000 - 29,000,000 = 9,100,000

Net disadvantage of accepting order will then be:

= 3600000 - 9100000

= 5,500,000

5 0
3 years ago
merchandise costing 1200 is sold for 2200 on term 2/30,n/60. If the customer pays within the discount period. Prepare the journa
spin [16.1K]

Answer:

The journal entries are as follows:

(a) Accounts receivables [$2,200 - 2%] A/c Dr. $2,156

             To Sales revenue                                              $2,156

(To record the sale)

(b) Cost of Goods Sold A/c Dr. $1,200

          To inventory                                $1,200

(To record the cost of goods sold)

(c) Cash A/c Dr. $2,156

       To Accounts receivables  $2,156

(To record payment within discount term)

3 0
3 years ago
PHN Foods granted 18 million of its no par common shares to executives, subject to forfeiture if employment is terminated within
kap26 [50]

Answer:

The $12 million is the net increase in the denominator of the EPS fraction if the market price of the common shares averages $5 per share during 2018.

Explanation:

1. The journal entry is shown below:

For December 31, 2017:

Compensation Expenses A/c Dr ($18 million × $5 per share) ÷ 3 = $30 million

    To Restricted Shares $30 million

(Being compensation expenses recorded for 2017 year)

For December 31, 2018:

Compensation Expenses A/c Dr ($18 million × $5 per share) ÷ 3 = $30 million

    To Restricted Shares $30 million

(Being compensation expenses recorded for 2018 year)

2.  The net increase in the denominator of the EPS fraction for 2018 year  is shown below:

=  2018 shares - Restricted shares

= $30 million - $18 million

= $12 million

Hence, the $12 million is the net increase in the denominator of the EPS fraction if the market price of the common shares averages $5 per share during 2018

6 0
2 years ago
Find the EAR in each of the following cases. (Do not round intermediate calculations and enter your answers as a percent rounded
inna [77]

EAR = (1 + periodic interest rate)^N - 1

<u>9.25 % Quarterly %</u>

EAR = (1+\frac{0.0925}{4})^{4}  - 1 = 0.09575 or 9.58%

<u>16.75 Monthly % </u>

EAR = (1+\frac{0.1675}{12})^{12}  - 1  = 0.1809766 or 18.10%

<u>15.25 Daily % </u>

EAR = (1+\frac{0.1525}{365})^{365}  - 1  = 0.1647053 or 16.47%

<u>11.25 Semiannually %</u>

EAR = (1+\frac{0.1125}{2})^{2}  - 1  = 0.115664 or 11.57%

4 0
3 years ago
When a company services the broad market and has a low degree of product differentiation, it is most likely Group of answer choi
denis23 [38]

When a company services the broad market and has a low degree of product differentiation, it is most likely pursuing a cost-leadership strategy.

<h3>What is Cost Leadership?</h3>

Cost leadership is a term used when a company projects itself as the cheapest manufacturer or provider of a particular product or commodity in a competition. It is difficult to deploy the strategy because the management must constantly work on reducing cost at every level to remain competitive.

Cost leadership is a part of marketing strategy. Although, it is highly effective in gaining market share as well as drawing the customers' attention, it is difficult to deploy. The management team of the company has to constantly work towards reducing the cost of not just one product, but the entire range of products in the company's portfolio.

<h3>What Is Cost Leadership Strategy?</h3>

Cost leadership is a business-level strategy employed by companies who wish to gain a competitive advantage by being the lowest-cost producer of a service, production process, or commodity.

Therefore, we can conclude that the correct option is it is most likely pursuing a cost-leadership strategy.

Learn more about Cost Leadership Strategy on:

brainly.com/question/14395542

#SPJ4

4 0
1 year ago
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