Answer:
A. True
Explanation:
At the time of publishing the financial statements of the public companies under the jurisdiction of the Securities and Exchange Commission (SEC) is compulsory to hire the independent auditor or we can say Chartered Accountant (CA) so that he or she can assess the financial statement prepared by the public company whether it follows the Generally Accepted Accounting Principles (GAAP) or not.
And, according to that the independent auditor given his or her qualified or unqualified opinion
Answer:
30005
Explanation:
Total Revenue equals price multiple to the quantity produced.
Total Profit= Total Revenue -Total Cost= P*Q- (Variable costs +Fixed Costs)
If we considered TR=P*Q,
in the first period it will be: TR=P*Q=6000*5=30000
in the second period it will be= TR=P*Q= 6001*5=30005
Answer:
1a. Predetermined overhead rate = Estimated total manufacturing overhead / Estimated total direct labor-hours
Predetermined overhead rate = $1,743,360 / 90,800 DLHs
Predetermined overhead rate = $19.20 per DLH
1b. Computation of Unit Product Cost
Xactive Pathbreaker
Direct material $64.00 $50.20
Direct Labor $17.40 $12.20
Manufacturing overhead ((1.4, 1)*$19.20) <u>$26.88</u> <u>$19.20</u>
Unit product cost <u>$108.28</u> <u>$81.60</u>
Answer:
PV of the growing annuity: 3,129,415.72
Explanation:
We need to solve for the present value of a growing annuity:
g 0.01
r 0.015 (18% / 12 months)
C 140,000
n 24
FV = 4,473,508.58
Now, to get the present value we solve for the present value of the future value:

3,129,415.72
Answer:
Option (d) is correct.
Explanation:
Trade between the nations will result in an increase in both competition and specialization.
When the trade among the nations increases then as a result competition increases because consumers have more number choices due to imported products from the other nations. This will increase the competition.
We know that the trade is largely based on the comparative advantage. The countries exporting the product in which it has a comparative advantage and importing the products in which it has a comparative disadvantage. This will increase the specialization in the production of certain goods.