Answer: rational decision making
Explanation: In simple words, rational decision making refer to the framework under which an individual or entity makes rational calculation before choosing one decision among different alternatives. Usually the decision made directly affects their personal objectives.
In the given case, Nicholas did not fire the employee directly and took rational steps to make sure that no unfair decision making happens.
Hence from the above we can conclude that the correct option is A.
Answer:
B. Retained earnings and Dividends
Explanation:
Retained earnings can be defined as the amount of a business’s profits or net income which isn't distributed to shareholders as dividends but are rather reserved so that it can be reinvested subsequently into the business.
Simply stated, retained earnings of an organization is the profit or net income remaining after paying the shareholders their dividends, which can then be reinvested into the business again. These earnings can be used for fixed or capital expenditures such as buying a new equipment, servicing debt profile, researching and development of the company's products.
A statement of retained earnings is a financial document which is usually prepared by an organization for use by the public such as investors, lenders and creditors. Hence, the statement of retained earnings are typically recorded under the shareholder's equity in order to represent the relationship between the balance sheet and income statement. Also, it is important and required that the statement of retained earnings is prepared in accordance with the Generally Accepted Accounting Principles (GAAP).
The following lists of accounts would belong on the statement of retained earnings;
1. Retained earnings: an amount of money left as profits or accumulated net income.
2. Dividends: an amount of money being paid to shareholders from an organization's net income or profit.
Answer:
Expenditures of a governmental unit for insurance extending over more than one accounting period May be allocated between or among accounting periods or may be accounted for as expenditures of the period of acquisition.
Explanation:
It is never wrong to document expenditures in real time with definite data such as date, details of expenditure and the costs entered correctly.
Therefore, if the expenditures of a governmental unit for insurance extends over more than one accounting period, it may be accounted for as expenditures of thee period of acquisition.
Since the expenditure spills over to another accounting period, it may also be located between or among the accounting periods it falls on.
Answer:
Option B (It is a.............bundle constant) would be the correct choice.
Explanation:
- The index number representing the amount including its commodities prices community determines the level including its values of almost the same goods over the base time randomly selected and used to denote shifts throughout the price point through one time toward the next.
- A calculation of where and how prices have been rising over time in a standard basket of things, keeping the products steady throughout the consumption package. The price index maybe for something like gasoline, homes, etc.
Some other approaches offered aren't linked to the possibility specified. So, the obvious response above is the right one.
Answer:
The manufacturing overhead applied to work in process is:
D. $79,000
Explanation:
a) Data and Calculations:
Beginning work in process inventory 30,000
Direct materials used in production 50,000
Direct labor 60,000
Total manufacturing costs to account for 219,000
Manufacturing overhead applied to WIP 79,000 (219,000 - 140,000)
Ending work in process inventory 72,000
b) The manufacturing overhead applied to Work in Process is the difference between the total manufacturing costs to account for and the costs of beginning work in process, direct materials, and direct labor for the period. When the ending work in process is deducted from the total manufacturing costs, the resulting figure represents the cost of goods transferred to finished goods inventory.
