Answer:
Correct option is (b)
Explanation:
Variance is the difference between standard cost and actual cost. A favorable variance is when actual cost is less than the standard cost. It indicates positive results which means that all control standards are met.
Standard cost is the budgeted or expected cost that the company estimates. It stands as a benchmark. If actual cost is more than standard then there is unfavorable variance.
Answer:
December 28, 2021
Merchandise $26,000 (debit)
Trade Payable $26,000 (credit)
January 6, 2022
Trade Payable $260 (debit)
Discount Received $260 (credit)
<em>Being recognition of discount received</em>
Trade Payable $25,740 (credit)
Cash $25,740 (credit)
<em>Being settlement of an account</em>
Explanation:
December 28, 2021
Recognise Liability and an Asset
January 6, 2022
Recognise Cash and an Income and also de-recognise a Liability
No it’s not. In fact it is very easy and fun depending on who your working with.
Answer:
D.what the government decides is important for society
Answer:
$2,033
Explanation:
The computation of the terminal value at the end of the year 2 is shown below:
= {Free cash flow of the firm × (1 + growth rate) × (1 + growth rate) + (1+ growth rate)} ÷ (WACC - growth rate)
= {($80 million × (1 + 0.10) × (1 + 0.10) × (1 + 0.05)} ÷ (10% - 5)
= $101.64 ÷ 0.05
= $2,033
We simply applied the above formula so that the Terminal value could arrive