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BARSIC [14]
3 years ago
13

Suppose that firm a dislikes hiring black accountants, while firm b is happy to hire them. so ted ends up working at firm b rath

er than firm
a. if ted works 11 months per year, how many audits will he complete for firm b each year?
Business
1 answer:
egoroff_w [7]3 years ago
6 0
<span>Regardless of the firm, most companies will do at least a bi-annual audit if not quarterly. In this case Ted would do the same amount of audits for either company, two to four depending on the companies frequency.</span>
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Carrie attends Grant University. She works 22 hours each week at Freight Unlimited and makes $12 per hour. How much money will s
Goryan [66]

The answer is 4,752 :)

hope it helps!

7 0
3 years ago
Badgersize Company has the following information for its Forming Department for the month of August.
sergiy2304 [10]

Question Completion:

Costs incurred in August:

Direct materials $154,000

Conversion costs $264,000

Answer:

Badgersize Company

                                          Materials      Conversion

a. Equivalent units              74,000          69,500

b. Cost per equivalent unit $3.162          $4.144

Explanation:

a) Data and Calculations:

                                            Units      Materials      Conversion      Total

Beginning WIP inventory   20,000       100%              20%

Units started  August        54,000

Total units available          74,000

Transferred out                 59,000

Ending WIP inventory        15,000       100%                70%

Cost of beginning WIP                     $80,000          $24,000       $104,000

Costs incurred in August                 154,000          264,000          418,000

Total production costs                  $234,000        $288,000      $522,000

Equivalent unit             Units      Materials      Conversion

Units transferred out  59,000     59,000          59,000

Ending WIP inventory  15,000      15,000           10,500

Equivalent units                            74,000          69,500

Cost per equivalent unit

Total production costs           $234,000      $288,000

Equivalent units                          74,000          69,500

Cost per equivalent unit         $3.162              $4.144

8 0
2 years ago
Check Laura won $5,000,000 in the state lottery, which she has elected to receive at the end of each month over the next 30 year
Svetllana [295]

Option 'C' is correct  

<u>Explanation:</u>

Present value of an ordinary annuity of $1

The present value of an annuity is the current value of future payments from an annuity, given a specified rate of return or discount rate.

\text { Annuity amount }=\$ 5,000,000 / \mathrm{PVAF}(7 \% / 12,360 \text { periods })

The future estimation of cash is determined by utilizing a rebate rate. The markdown rate alludes to a financing cost or an accepted pace of profit for different speculations. The littlest markdown rate utilized in these figurings is the hazard free pace of return. U.S. Treasury bonds are commonly viewed as the nearest thing to a hazard-free venture, so their arrival is regularly utilized for this reason.

6 0
3 years ago
Rochester Corp. holds a 15% equity investment in LaCrosse Inc. Reedsburg Investments holds 45% of LaCrosse’s stock. On October 1
Bess [88]

Answer:

Correct Option is B) Rochester Income Increase, Reedsburg Income No effect

Explanation:

As per IFRS,

When a company holds share of any company up to 20% then it is an associate, and in this case Rochester holds only 15% and thus will increase its net income with dividend received. (Cost method is followed)

When a company holds more than 20 % and less than 50% then the equity method is followed until and unless major significance is not exercised, generally it is exercised. In that case equity method is followed, and any income received is adjusted from cost of investment, and do not form part of income.

4 0
3 years ago
On March 15, a fire destroyed Oriole Company's entire retail inventory. The inventory on hand as of January 1 totaled $6900000.
Nitella [24]

Answer:

approximately $6,676,000

Explanation:

the value of the inventory that was destroyed by fire = beginning balance on January 1 + purchases made before the fire + freight costs - cost of goods sold

inventory destroyed by fire = $6,900,000 + $3,032,000 + $342,000 - ($5,140,000 x 70%) = $10,274,000 - $3,598,000 = $6,676,000

6 0
3 years ago
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