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iren [92.7K]
3 years ago
10

The Gotham Corporation regularly produces budget vs. actual data for its managers. The company is particularly sensitive to pers

onnel costs, and division variances of greater than five percent for any period are promptly investigated to determine if budgeted postions have not been filled or if there has been extraordinary overtime. Timely exception resolution of this character illustrates the information and communication principles typically associated with:
a. Internal Communication.
b. Financial Reporting Information.
c. Internal Control Information.
d. External Communication.
Business
1 answer:
Rudik [331]3 years ago
6 0

Answer:

Option C Internal Control Information

Explanation:

The reason is that variance analysis is the process through which we emphasize control over costs which is solely management accounting and is not linked to financial reporting so the option B is incorrect. This information is internally generated which means saying that the information is obtained from external sources is totally incorrect. The option a is generally correct because this information is part of internal information. But Option C is more relateable here so the better option is Option C.

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Industry analysts said that the recent rise in fuel prices may be an early signal of the possibility of gasoline and heating oil
yaroslaw [1]

Answer:

(E) that prices of gasoline and heating oil will stay higher than usual through

Explanation:

4 0
3 years ago
Odonnel Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-ho
natima [27]

Answer:

$6.40

Explanation:

In this case, the predetermined overhead rate is calculated by dividing total manufacturing overhead expense by the total number of direct labor hours. The overhead expense is divided in two: fixed and variable. Predetermined variable overhead expense is $2.80 and predetermined fixed overhead expense = $36,000 / 10,000 direct labor hours = $3.60.

So the total predetermined overhead rate = $2.80 + $3.60 = $6.40

8 0
3 years ago
As the team leader, John ensures that all his teammates are clear on the team goals they need to achieve.
Black_prince [1.1K]
<h2>John demonstrates the quality of "Leadership". </h2>

Explanation:

Leadership is one of soft skill which is really essential for each and everyone to move successfully and to grow in the career.

A successful leader will,

• Motivate his/her team

• Give a clear picture of the goal

• Pat them on need

• Guide throughout the road map

• create leaders

• Take complete responsibility on his/her shoulder

• Show path to proceed

• Takes initiative

• Brings out creativity

• Shows empathy

• Be positive

So here John tries to clear his team on goals which shows a positive leadership quality. He could do this only because he possess all the listed qualities just above this sentence.

3 0
3 years ago
Balance Sheet (partial) Stockholders’ equity Paid-in capital Preferred stock, cumulative, 11,833 shares authorized, 7,100 shares
pickupchik [31]

Answer:

a) 548,000 shares

b) The stated value = $3 per common stock.

c) The par value of the preferred stock = $100

d) The dividend rate of preferred stock = 7%

e) Reported for retained earnings = $1,079,600

Explanation:

A. Number of outstanding common stock = Number of Common stock - Treasury stock

Given,

Number of Common stock issued = 555,000 shares

Treasury stock = 7,000 common shares

Treasury stock is the purchasing of the company's own stock from the market.

Therefore, Number of outstanding common stock = (555,000 - 7,000) shares

Number of outstanding common stock = 548,000 shares.

B.

The stock of the firm has no par value. It means the full amount is either in the premium or in stated value. Therefore, the firm's declared value of the common stock is the total common stockholders' equity divided by the total number of common stock issued.

Hence, the formula is,

The stated value = \frac{total common stockholders' equity}{total number of issued common stock}

The stated value = \frac{1,665,000}{555,000}

The stated value = $3 per common stock.

C.

We know,

The par value of the preferred stock = \frac{Total preferred stock amount}{Number of preferred stock}

Given,

Total preferred stockholders' equity = $710,000

Number of preferred stock = 7,100 shares

Putting the value in the formula,

The par value of the preferred stock = \frac{710,000}{7,100}

The par value of the preferred stock = $100

It is the selling price to the preferred stockholders for every preferred stock.

D.

Given,

The annual dividend = $49,700

Total preferred stockholders' equity = $710,000

We know, the dividend rate of preferred stock = \frac{Annual Dividend paid to the preferred stockholders}{Total preferred stockholders' equity} x 100

Therefore,

The dividend rate of preferred stock = \frac{49,700}{710,000} x 100

The dividend rate of preferred stock = 7%

This is a fixed rate and for this firm, it is cumulative. Therefore, the firm's preferred stockholders' will receive 7% dividend per year.

E.

Since the preferred stock of this firm is cumulative, therefore, the dividend has to be paid to the preferred stockholders if there are any outstanding amount remains in the previous year. Therefore, if there were $71,400 arrears of dividends, the firm would give those amounts from the retained earnings' balance.

Given,

Retained earnings                 = $1,151,000

Arrear preferred dividend     = $  (71,400)

The balance would be reported for retained earnings = $1,079,600

3 0
3 years ago
Select the correct words to complete the statements about two different information sources for consumers.
Vesnalui [34]
The answers are as follows:
1. <span>A fast food chain that wants to inform consumers about its latest dollar menu item will most likely use NEW TECHNOLOGY AND MEDIA.
The fastest way for companies to get information across to their customers these days is through internet technology and its associated media. Information through these channel and fast and travel wide.

2. BLOGS </span><span>may inform consumers about other people’s opinions on the newest dollar menu item.
A blog is an informational or discussional website that is published on the internet and which usually focus on a specific topic or field. Blogs can be owned by an individual or a business. Businesses use blogs these days to promote their products.</span>
4 0
3 years ago
Read 2 more answers
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