Answer:
Return on Investment is an measure of corporate efficiency that is used by investors are other to estimate how well the company has gained profits and returns for their investments.
ROI makes it easier to compare companies in the same industry and it also can be used to compare the return on investments of a company over a period of time.
It is calculated by dividing the Earnings Before Interest, Tax and Depreciation by Investments amount.
the easiest way for comparing is to take them as a percentage. this way, it becomes simple to compare them quickly and easily.
Explanation:
Answer:
the farmer gained 6 hours worth of production and the rancher gained 8 hours worth of production.
Explanation:
Labor Hours to Make 1 lb. of lbs. Produced in 24 Hours
Pork Tomatoes Pork Tomatoes
Farmer 6 3 4 8
Rancher 4 4 6 6
If both decide to specialize in producing only one good, the farmer will produce 8 pounds of tomatoes per day and the rancher will produce 6 pounds of pork per day.
This way when the rancher trades 4 pounds of pork in exchange for 6 pounds of tomatoes, he is gaining 2 pounds of pork which is equivalent to 8 labor hours.
When the rancher trades 6 pounds of tomatoes in exchange for 4 pounds of pork, he is gaining 2 pounds of tomatoes which is equivalent to 6 labor hours.
Answer:
A production volume variance
Explanation:
A production volume variance occurs when there is a significant difference between the actual volume of products manufactured and the budgeted or standard volume of production. Therefore, a production volume variance can be harnessed by businesses in order to measure the production cost of products against the budgeted fixed cost.
The production volume variance can be calculated by difference between actual volume of production and the standard volume of production, multiplied by the overhead rate that have been budgeted.
So, when calculating the production volume variance, if the actual volume of production is lower than the budgeted or standard volume of production, then the production volume variance is not favorable.
Answer:
$49,000
Explanation:
The number of inspection performed has a direct proportionality relationship with the allocated over heads. In other words, as the number of inspections performed increases, so does the overhead cost assigned to the production activity.
Total inspection = 700 + 1300 = 2000
Total overhead = $140,000
The inspecting cost pool to be assigned to throw rugs
= 700/2000 × $140,000
= $49,000
Answer:
Chronological
Explanation:
For accounting day to day business transactions, there is a proper sequence of accounting cycle i.e.
1. Transactions
2. Journal entries
3. ledger posting
4. Trial balance
5. Worksheet
6. Journal entries i.e. adjusted
7. Financial statements
8. Books closing
So it would be chronological
