Answer:
Stephenson Company
The amounts that are relevant for the selection of one contract over another are:
a) Contract revenue and labor costs
Explanation:
a) Data and Calculations:
Contract X Contract Z
Contract Revenue $ 200,000 $ 260,000
Materials 10,000 10,000
Labor 88,000 120,000
Depreciation on Equipment 8,000 10,000
Cost Incurred for Consulting Advice 1,500 1,500
Allocated Portion of Overhead 5,000 3,000
b) The costs of materials and cost incurred for consulting advice, though variable, are equal in each contract. They are not relevant in determining the contract to choose. Contract revenue and labor costs are variable and not equal. They are relevant in determining the contract to select. They make a difference in the decision. Depreciation and overhead costs represent sunk costs. They are not relevant in the decision.
Answer: The correct answer is "meet the information needs of a company's managers and other users of its financial statements".
Explanation: The chart of accounts is a list that presents the accounts necessary to record the accounting facts. It is a systematic arrangement of all accounts that are part of an accounting system, in short, provides a basic structure for the organization of the accounting system, so it appears as a means to obtain information in a simple way.
<u>The chart of accounts is designed to meet the information needs of a company's managers and other users of its financial statements.</u>
Answer: Tax refund of $1,800
Explanation:
The tax due (refund) for the Fernandezes is;
= Tax liability - (Prepayment + Child tax credit)
= 2,100 - ( 1,900 + 2,000)
= 2,100 - 3,900
= ($1,800)
Answer: Sasha is practicing holistic care.
Explanation:
Based on the information given, we can conclude that Sasha is practicing holistic care.
Holistic care simply means caring for patients based on the mutual understanding regarding the emotional, physical, and psychological dimensions.
Holistic care us important in order to make patients recover quickly. In this case, Sasha wants to know the preference of the patients in order to lead her to recovery and not compound to the patient's issues.